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For Hennessy, Both Oil and Retail Pay

Stock quotes in this article: HFTFX , HODGX  

Something odd is going on in this rally. Oil stocks and retail stocks are going up at the same time. That's not supposed to happen.

Is it?

Not to worry, says Neil Hennessy, president of Hennessy Funds, a quant-based family of funds that holds both retail and energy shares. Hennessy does not buy into the belief that higher prices at the pump mean lower sales at Wal-Mart(WMT Quote). ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,344.84 1,095.63 2,144.60 32.01
Oil *
78.55
UP
34.92
UP
4.14
UP
6.16
DOWN
0.30
10 Yr
3.20%
SPDR Gold
115.65
+0.34%
+0.38%
+0.29%
-0.93%
Data delayed 20 minutes

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