Reported 5 months ago
Ryan Kelley, co-manager of Hennessy Cornerstone Mid Cap 30 Fund, a $1.1 billion fund that has outperformed the market with annualized returns of 50% for the past 12 months, reveals three midcap stock picks. The fund focuses on mid-capitalization stocks with market capitalization between $1 billion to $10 billion, choosing 30 stocks based on a quantitative formula that combines value, momentum, and growth of earnings. Kelley highlights Gap, Emcor, and Plains GP Holdings as top picks, citing their low valuations and growth potential in industries like apparel retail, construction, and midstream pipeline operations.
Source: YAHOO