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Stock impact report

Despite Downdraft, Hennessy Believes Bull Market Will Continue [Forbes]

Hennessy Advisors, Inc. (HNNA) 
US:NASDAQ Investor Relations: hennessyadvisors.com
Company Research Source: Forbes
Neil Hennesy, Wall Street Avenger, action figure holding the bull market aloft. Lawrence Carrel On the day after the Dow Jones Industrial Average lost 464 points, or 2%, and currently sits down 7.5% for the year and 15% off it's October record high, I thought it would be nice to hear from someone who's bullish on the market. Neil Hennessy, the chief investment officer and portfolio manager of Hennessey Funds, and chief executive of its parent, Hennessy Advisors (HNNA), still believes the Dow is on its way to 30,000. At the 11th annual Hennessy Funds market outlook earlier this month, Hennessy's top lieutenant, Ryan Kelley said that even thought the current bull market is in its 10th year there's still room to rise. Kelley co-manages with Neil the Hennessy Total Return Fund (HDOGX). The Total Return Fund uses the contrarian Dogs of the Dow strategy, which holds the 10 highest dividend-yielding stocks in the Dow Jones Industrial Average, plus some U.S. Tr Show less Read more
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