In the News
Market Wrap with Moe Ansari - "Interview with David Ellison"David EllisonPortfolio Manager
David Ellison, Hennessy Funds Portfolio Manager, believes most of the economy is doing well. For people who may not own stocks and bonds, that can get jobs, that are getting raises, there is no recession experience.
Yahoo! Finance - Energy Stocks Look Extremely Attractive Right NowBen Cook, CFAPortfolio Manager
Ben Cook, Hennessy Energy Transition Fund Portfolio Manager, believes energy stocks are extremely attractive from an investor return perspective in today's environment, comparing very favorably to the remainder of the broader market (S&P 500). He sees commodity price strength continuing for the next 12-15 months.
Business Insider - "Ryan Kelley sees stocks rising long-term"Ryan C. Kelley, CFAChief Investment Officer and Portfolio Manager
Ryan Kelley, Hennessy Funds CIO is leading his peers with Hennessy Cornerstone Value Fund. Despite the potential for formidable risks of shrinking GDP, rising rates, high inflation and geopolitical tensions, Kelly believes investors should stick with stocks. In his opinion, the market is "in very good shape" with low unemployment, unspent stimulus money and a historically resilient S&P 500. Subscribers can view the full article here.
TD Ameritrade – "Fear & Greed Pendulum: Hennessy Focus Fund (HFCSX)"Ira Rothberg, CFACo-Portfolio Manager
Hennessy Focus Fund Portfolio Manager Ira Rothberg believes market expectations that the fed will cut rates in early 2023 is right, but is not focused on the short term. He attributes the fund's success over 25 years to its focus on building a collection of exceptional businesses they believe have competitive advantages, are well managed, trade at reasonable prices and holding them long term.
CNBC - "The Markets Still Need To Be Cautious Of Sticky Inflation Factors"David EllisonPortfolio Manager
How does a potential economic soft landing benefit Financials? David Ellison, Hennessy Funds Portfolio Manager, discusses how prices, not rates are of concern. A transition from a 0% rate environment to 3-4% on the long end, gives financials pricing power for the first time in years, and an earnings run that may benefit the financial sector.
The Wall Street Transcript - "Five Japanese Growth Stocks Priced Like Value Stocks"Masakazu Takeda, CFA, CMAPortfolio Manager
Masakazu Takeda, Portfolio Manager, highlights five holdings in the Hennessy Japan Fund, a concentrated portfolio that aims to hold companies with high growth potential that are trading at value stock-like multiples with a focus on well-run, long-term capital compounders with a global footprint.