NEW YORK (TheStreet) -- With the Dow Jones index staying at relatively record highs recently, Janus Capital (JNS) CEO Dick Weil told CNBC's Brian Sullivan that people seem to be getting interested in the market again on "Power Lunch" Tuesday.
The Dow is lower by 0.24% to about 18,449 points, the S&P 500 is slipping by 0.06% to around 2,167 points and the NASDAQ is up by 0.2% to about 5,108 points this afternoon.
"I think the American people are getting back interested in the stock market and I think the reason is fairly obvious with the low rates," Weil noted.
People do not have "a lot of choice if they're going to meet their retirement goals and investment target," so they are "to a certain extent forced" into stocks, he explained.
This morning Janus Capital reported 2016 second quarter earnings of 21 cents per diluted share on revenue of $251.9 million, missing expectations of analysts surveyed by Thomson Reuters of earnings of 22 cents per share on $256 million in revenue.
The firm's average assets under management grew to $189.3 billion in the second quarter from $180.2 billion during the first quarter.
"We were pleased that our results for the quarter were slightly positive and that we're gaining market share and equity mutual funds and fixed income mutual funds so I think a lot of that may be a Janus-specific story and not so much an industry-wide story," Weil said.
Shares of Janus Capital are climbing by 0.71% to $14.88 late this afternoon.
Separately, TheStreet Ratings rated Janus Capital as a "buy" with a score of B.
The company's strengths can be seen in multiple areas, such as its good cash flow from operations and reasonable valuation levels. TheStreet Ratings feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: JNS
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.