Hennessy Fund released its Q3 2026 investor letter for the “Hennessy Focus Fund”. During the third quarter, U.S. equity markets were characterized by a concentration in mega-cap technology stocks, overshadowing broader market performance. The letter can be downloaded here. Rising long-term interest rates from a “higher for longer” Federal Reserve policy, coupled with increasing crude oil prices due to geopolitical tensions, contributed to investor uncertainty and compressed valuations...
What Makes O’Reilly Automotive (ORLY) Resilient to Economic Swings?
