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One fund has a formula that has enabled it to consistently beat the S & P 500 : the Hennessy Cornerstone Growth Fund. The fund uses a formula-based strategy for investing, according to its portfolio managers Neil Hennessy, Ryan Kelley, and Joshua Wein. "We're trying to combine value with momentum and some growth," Kelley said. Stocks the fund owns Most of the stocks in the outperforming fund aren't actually in tech but in the industrials, consumer, financials and health-care sectors — because of the formula they use. It is the only name which survived in the recent rebalancing to the current batch of 50 stocks, said Wein.
Persons: Neil Hennessy, Ryan Kelley, Joshua Wein, Kelley, Wein, They've, We're, aren't Organizations: Cornerstone Growth Fund, CNBC Pro, Micro Computer, Urban Outfitters Locations: United States
Several months before his guilty plea, Kelley posted on social media that the Capitol riot was an FBI “set up." Kelley spoke at a “Stop the Steal” rally at the state Capitol in Lansing in November 2020, shortly after the presidential election. Kelley remained on Capitol grounds for nearly two hours but isn't accused of entering the building that day. Also on Tuesday, a woman who smashed a window at the Capitol and used a bullhorn to direct other rioters on Jan. 6 was sentenced to four years and nine months in prison. A prosecutor has said Powell, 41, of Sandy Lake, Pennsylvania, played a “leading role” during the riot.
Persons: Ryan Kelley, Kelley, FBI “, , Christopher Cooper, ” Cooper, Donald Trump’s “, Trump, , ” Kelley, isn’t, “ Mr, Shanai Watson, Tudor Dixon, Gretchen Whitmer, Mr, Gary Springstead, Kelley “, Royce Lamberth, Rachel Marie Powell, Lamberth, Powell Organizations: WASHINGTON, , Republican, Michigan, U.S . Capitol, FBI, Facebook, District, Washington , D.C, Capitol, Democrat, Locations: Allendale , Michigan, Washington ,, Lansing, Michigan, U.S, Sandy Lake , Pennsylvania
On Wednesday, fund managers said they see value stocks continuing to outperform into 2023. Judging by their MSCI All-Country World Indexes, value stocks outperformed growth by the widest margin since 2001 in the year through September 30, according to GMO. Stocks that are cheaper relative to their fundamentals will remain strong performers in 2023, according to Ryan Kelley and Josh Wein. Even though energy stocks have experienced a sustained rally in the past few months, Kelley said that the sector still has more upside to offer investors. Over the next 12 months, the firm expects a "very strong" outperformance for energy stocks, especially from traditional names, said Ben Cook, portfolio manager for the Hennessy energy funds.
Watch CNBC's full interview with Hennessy Funds' Ryan Kelley
  + stars: | 2022-11-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Hennessy Funds' Ryan KelleyRyan Kelley, chief investment officer at Hennessy Funds, joins 'The Exchange' to discuss how to find companies with year-over-year earnings growth, more volatility ahead and top names for defensive stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStay defensive, there's more volatility ahead, says Ryan Kelley, Hennessy Funds CIORyan Kelley, chief investment officer at Hennessy Funds, joins 'The Exchange' to discuss how to find companies with year-over-year earnings growth, more volatility ahead and top names for defensive stocks.
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