Focus Fund Manager Brian Macauley discusses holdings well-positioned to withstand economic difficulties due to coronavirus as he re-evaluates each company’s strength of balance sheet, demand, revenue, and supply chain.
As the landscape changes for Energy, the transformation of multi-utility companies into more renewables is on the long-term horizon according to Ryan Kelley Hennessy Gas Utility Fund Portfolio Manager.
Utilities have a real opportunity to switch from more traditional fossil-fuel-type sources to renewables, says Ryan Kelley Portfolio Manager of the Hennessy Gas Utility Fund. However, it must be done at a measured pace in order not to hurt the environment due to the amount of required infrastructure change needed to go straight to renewables.
Despite a recent retreat in oil prices, Hennessy BP Funds Portfolio Manager Toby Loftin looks at a longer-term investment horizon. He sees opportunity in the energy value chain including U.S.-based oil producers and midstream companies providing infrastructure for exports. He thinks risk to crude oil is an upside as U.S. producers adopt a more capital-disciplined approach.
Portfolio Manager David Ellison is interviewed and discusses the investment thesis for the Hennessy Financial Funds. He shares his outlook for the trends in the financial sector as well as the importance of non-bank companies in the fintech sector.
Hennessy Focus Fund Portfolio Manager Brian Macauley says macroeconomic considerations are secondary and that now is the time for thoughtful investing with adherence to fundamental investing principles. He describes the case for CarMax and why he believes their omni-channel, internet-delivered model can drive performance into the next decade.
Chief Investment Officer Neil Hennessy describes how strong fundamentals - low interest rates, low unemployment, strong consumer spending, and growing corporate cash flows - all point to a continued bull market.
Chief Investment Officer Neil Hennessy sees no euphoria and explains why he believes solid fundamentals support a continued bull market.
Equity and Income Fund Portfolio Manager Mark DeVaul shares his thoughts on the direction of interest rates, proposed tariffs, and continued market volatility. He also shares his investment case for Fund holdings Altria and Apple.
Hennessy BP Midstream Fund Portfolio Manager Ben Cook thinks the strength in global demand is driving the oil market and sees potential for investor optimism resulting from the G20 meeting. He looks for opportunities in companies that provide stable and consistent returns.
Opinions expressed are subject to change at any time, are not guaranteed, and should not be considered investment advice.
DOE refers to the Department of Energy. EIA refers to the U.S.Energy Information Administration. FERC refers to the Federal Energy Regulatory Commission.
References to other funds should not be interpreted as an offer of these securities.