Episode Details

Is the market's resilience a sign of strength—or just an illusion driven by a handful of tech giants? On this episode of In the Money with Amber Kanwar, JoAnne Feeney, Partner & Portfolio Manager at Advisors Capital Management, unpacks what’s really going on beneath the surface of the S&P 500. From interest rates and inflation to tariffs and global instability, she explains why valuations are holding up—and why it’s a time to stay invested, but stay selective.

In the mailbag, Feeney breaks down whether beaten-up names like Nike (NKE), UnitedHealth (UNH), Intel (INTC), and Target (TGT) have a path to recovery—or more pain ahead. She also weighs in on how Visa (V) and Mastercard (MA) stack up against stablecoins, what Tesla’s (TSLA) robo-taxi hype means for the stock, and whether defense players like Lockheed Martin (LMT) and Kratos (KTOS) still have room to run.

Plus, her Pro Picks: discount retail gem TJX Companies (TJX), under-the-radar healthcare play Quest Diagnostics (DGX), and semiconductor leader Broadcom (AVGO), which she believes is quietly outshining Nvidia.

Timestamps

00:00 Show intro
03:20 JoAnne Feeney’s investing style 

06:00 U.S. vs International stocks
09:40 JoAnne thinks Powell is doing exactly what he’s doing
12:50 Understanding the U.S. consumer, tariffs and price increases 

16:50 What risks would make JoAnne more cautious than she is right now?
19:50 How does JoAnne think about real-time indicators and rates? 
23:10 ITM Mailbag: Why JoAnne does not own Nike (NKE)
24:50 JoAnne’s thoughts on UnitedHealth (UNH)
26:40 JoAnne’s take on Visa (V) & Mastercard (MA) and what stable coins mean for the businesses 

33:30 Why JoAnne doesn’t own Tesla (TSLA)
37:50 Why JoAnne likes owning defence stocks
41:15 Is there any hope for Intel (INTC)?
44:50 JoAnne’s thoughts on Target (TGT)
48:40 JoAnne’s Pro Picks 

59:30 Goodbye & coming up 

Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.

Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information

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The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.

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