Recent weakness in the market shouldn't deter investors from finding pockets of opportunity, particularly in artificial intelligence-related companies, according to BlackRock's Kate Moore.
The Dow Jones Industrial Average and S & P 500 fell for a second week last week.
"I think healthy consolidation after an extremely strong return in the first quarter is completely fair, and doesn't change the fundamentals," Moore said in an interview.
Moore sees an opportunity in two of BlackRock's highest-conviction themes: AI-adjacent software and semiconductor companies, and global commodity producers and miners, particularly those related to copper.
She expects better breadth in terms of earnings growth this quarter, which should support long-term investor confidence in the equity market.
Persons:
Kate Moore, Stocks, There's, Moore, it's
Organizations:
Dow Jones Industrial, Devices