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Amid ongoing tariffs and immigration uncertainty, investors need to adjust their strategies to navigate shifting risks.
JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management, joins Wealth host Brad Smith to advise that investors should focus on companies with a strong domestic presence to navigate tariff impacts.
“One way to work around that is to try to own companies that are more domestically focused, that aren't so heavily reliant on an international supply chain, Feeney says. "That's kind of hard to do. We're a pretty global economy, but still there are places that one can go... And also to find companies that will be more resilient if the consumer is particularly hard hit by these tariffs, which will raise their prices.
Feeney suggests that resilient retailers, like TJ Maxx (TJX) and Target (TGT), may be better positioned to withstand price hikes caused by tariffs.
Additionally, Feeney highlights the importance of considering the long-term growth potential of technology stocks, which, despite recent volatility, remain a solid option for diversifying portfolios.
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This post was written by Josh Lynch