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The time to -- equities.
I'm hearing is its portfolio manager at Hennessy funds and joins me on the Fox Business exclusive.
Well it's nice to -- I was let's talk about Hennessy funds that you talked about the consumers are because.
Really with unemployment still above 8% -- -- can -- be that the consumer.
Is really gonna hold us up for the rest of the year spent more money.
Well you know I think Sarah.
I think everybody is -- that's the big question and you know I think that there's been.
Sentiment out there for sometime now that the consumers really kind of shifting their value proposition what they're really doing is trying to.
Straps that discretionary income that they have it is to maximize their you know their.
There commodity -- And I think there's a lot of opportunities I think the market still reasonably priced for these stocks and you know if you selective in what you're taking in have a an idea why I I think there's some great opportunity.
You know when -- S&P 500 target but before the end of the -- 15100 I'm curious if you give me -- time cents a well be a good time to get end by end.
To the S&P 500 just the indexing.
Well you know I really look at these down days like we've had -- last couple it as great entry points as long as you can kind of take a little bit longer view you know than maybe some of the traders on on the street path.
And you can really look out a few quarters -- a couple of years I think that you know if you can -- on these down dips that you're gonna be fine over time.
All right -- let's talk about some of the names that you have in some of those consumer and business image -- place and I wanna got -- It is out to our viewers and in particular do you like names like Family Dollar obvious about the stock has been very successful -- a great run you also like Ross Stores and in pure one.
Start a Family Dollar that was such a great -- during the recession -- that we stick with -- I did you know I think that they've done phenomenal job been involved managing our costs and increasing.
Their top line revenues they're growing roughly 8% year over year so anything that's growing -- that kind of 2% GDP is is attractive.
You know they've managed to keep their their costs were down which is shown up and higher earnings.
And I think that that you know that that kind of value proposition is still very much in play especially as you come up into Halloween where you guys were saying earlier.
You know eight million dollars -- spends it in Halloween I think that -- That combined with the back to school really is gonna look pretty favorable on the quarter.
One of those great plays only had a recession going on the stock is actually as well been performing strong -- what are your top ten holdings of this would still like it.
I -- we do it's actually you know as of the end of the quarter that's our our number one holding in the in the fund so.
It is a name that we have -- for some time and we continue to like the story they they keep executing it there's same store sales you know keep.
Keep -- the number off out of the park so you know we continue to be a buyer and -- of this.
Simon yeah last year 61% we're looking at the chart right now on the -- the chart doesn't live up analytic into this we're in this -- 11 is interesting.
A play do you think it's because were saying maybe that pick up an in home sales people are desperate in their homes.
Or is this more of an apartment played do you think because -- -- -- the big portion of the population it's rented.
You know show I think -- a great question I think.
Hey I think you hit the -- nail on the head when -- -- talked with Farouk and it it's it's a question of price sensitivity.
You know because I have people coming over for Thanksgiving I don't necessarily need to go out and potentially purchase a new dining room table.
But I'm happy to -- you know something.
Some place -- that go on top of that so.
Brian the find China's not coming out -- your house for Thanksgiving is your friend went -- about those data out my kids are better served being open and -- replaced bonds and use them.
The lake but it like that are well overall talk to me about the next few months but -- bones and just in general -- talking to you guys.
How are you feeling about the next six months plus -- impact the election all of that good stuff -- you still kind of bullish overall.
Yeah we are I I mean -- there's there's certainly always going to be some questions and some concerns you know that the looming fiscal Clinton is pretty much for front of and everybody's mind at this point.
You know I think at some point it will -- hopefully August worked out.
You know and then all of this capex spending that we've been kinda waiting for from that corporations.
Eventually -- -- trickle and and instead of doing stock buybacks it transfers to plant equipment which is great for the economy long term so.
As we start to kind of move through these -- we think that you know overall the economy's gonna start to pick up a little bit again and you know six months a year out we're gonna look much better shape than we are right.
Again great talked it looking forward to my Tennessee barbecues saucer.
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