NEW YORK (TheStreet) -- JetBlue (JBLU) has seen its shares soar upwards by more than 30% in the past year, in part due to lower oil prices and its new Mint service, and Brian Peery, portfolio manager for the Hennessy Cornerstone Mid-Cap 30 Fund (HFMDX), said the airline's stock can fly even higher as it takes market share from legacy carriers.
"I think they've done an exceptional job in looking at their competitive advantages, and now what they're doing is really moving upstream with the Mint service," said Peery. 'It takes them out of being a low-cost carrier into a more competitive carrier. I think that they've got a long way to go."
Peery said he's also bullish on Foot Locker (FL), which is up 18% year-to-date, noting the shoe-seller has performed very well in a tough retail environment.
"When we look at Foot Locker, we are looking at how well they're growing those same-store sales, and they're doing an exceptional job of really driving their top-line revenues and that sales growth," said Peery. "As long as that trend continues, we think that the stock will continue higher."
Finally, Peery is positive on flooring manufacturer Mohawk Industries (MHK), which is up more than 22% so far in 2015. "We've got this pent-up demand, and now [consumers have] got themselves in a much better financial situation," said Peery. "Wages are starting to rise, so I think that will translate into more people doing remodels in their house. People are now looking at their house really as an asset as opposed to a liability as they did just a few short years ago. So that really is going to be a great trend for Mohawk over the next couple years."
The Hennessy Cornerstone Mid-Cap 30 Fund has returned 11% thus far in 2015.