Hennessy Funds is bullish on stocks. These in specific.
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The market is in very good shape, said Hennessy Fundsâ chief market strategist Neil Hennessy.
In a CNBC interview on Monday, he pointed out that all three indexes are up.

(DJI) up 13.07%, compared to last year.
(SP500) up 19.13%, compared to last year.

(COMP.IND) up 27.4%, compared to last year.

Eight companies have been driving that success this year: the âmagnificent sevenâ Nvidia (NVDA), Meta Platforms (META), Amazon (AMZN), Microsoft (MSFT), Apple Inc. (AAPL), Alphabet (GOOGL) and Tesla (TSLA), and he also mentioned Netflix (NFLX).
Those were the drivers of the downside last year, Hennessy said.
In addition, the Dow Industrials (DJI) is on pace for sixth positive session in seven, the S&P 500 (SP500) and the Nasdaq (COMP.IND) are tracking for first positive in three sessions. The Russell 2000 (IWM) is outperforming, coming off from fifth negative week in six.
All 11 S&P 500 sectors are positive: Communications services (XLC), consumer discretionary (XLY), consumer staples (XLP), energy (XLE), financials (XLF), health care (XLV), industrials (XLI), materials (XLB), real estate (XLRE), technology (XLK), and utilities (XLU).
He said he loves the mid-cap arena because âthey can survive an economic tsunami,â and that theyâre big enough to make acquisitions in the small-cap arena and also big enough to be accreted to somebody else.
Hennessyâs top S&P 500 stocks today:

Pfizer (NYSE:PFE)
Charles Schwab (NYSE:SCHW)
DexCom (NASDAQ:DXCM)


His bottom S&P 500 stocks today:

Moderna (NASDAQ:MRNA)
Organon & Co. (NYSE:OGN)
Henry Schein (NASDAQ:HSIC)

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