Buffett's $6 billion bet "spotlights the appeal of Japan's long-depressed stock market." Hennessy Japan Fund Portfolio Manager Masa Takeda explains how active managers in Japan have been able to gain an edge.
David Rainey, Portfolio Manager, Hennessy Focus Fund believes most of the fund’s holdings will pick up where they left off as the pandemic wanes - businesses he thinks have secular headwinds that may power earnings growth for a long time.
Joshua Wein, Portfolio Manager, Hennessy Funds believes companies that stay the course will live to see another day. Darden and Longhorn have significantly increased sales with curbside and takeout during the pandemic.
Neil Hennessy, Hennessy Funds CIO, describes the investment opportunities for active managers as they identify changing consumer habits due to the pandemic, including home remodeling. He also explains the importance of looking beyond the handful of big tech firms currently driving market gains.
Joshua Wein, Co-Portfolio Manager of the Hennessy Funds Gas Utility Fund, expects some utilities to soften guidance and sees it as an opportunity to reconsider gas utilities following the market's rotation into large-cap tech stocks.
Portfolio Manager David Ellison expects banks to continue to cut costs and consolidate as they experience heavy loan losses, margin pressure and limited loan growth growing forward. He is investing more in the electronic movers of money, not buyers and sellers of money, for the fund.
Masa Takeda, Hennessy Japan Fund Portfolio Manager, describes his investment strategy that has resulted in a concentrated portfolio of Japanese companies with time-tested business models, proven long-term track records, global market growth potential, and higher returns on equity.
Masa Takeda, Hennessy Japan Fund Portfolio Manager, focuses on buying and holding companies he believes can grow through macroeconomic gyrations. It's not surprising that the Fund hasn't traded much in recent weeks.
While Masa Takeda, Hennessy Japan Fund Portfolio Manager, sees significant positive potential in Japan's stimulus package, he says the Fund is designed with the potential to do well in good and bad times rather than reacting to what's happening in the market.
Neil Hennessy, Hennessy Funds CIO, looks for value and quality, especially during these volatile times. He sees many solid companies with low Price-to-Sales ratios, very good profits and potential to initiate or raise dividends.
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.