Notable companies
The most notable companies in this group are Caterpillar (NYSE:CAT), Dell Technologies (NYSE:DELL), Valero Energy Corp (NYSE:VLO), MARATHON PETROLEUM Corp (NYSE:MPC), United Rentals (NYSE:URI), AutoZone (NYSE:AZO).
Industry description
The investment seeks long-term growth of capital.
The fund invests in growth-oriented common stocks of larger companies by utilizing a quantitative formula known as the Cornerstone Large Growth Formula (the "Large Growth Formula"). It purchases 50 stocks weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Large Growth Formula, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Market Cap
The average market capitalization across the Hennessy Cornerstone Large Growth Instl MF is 113.69B. The market cap for tickers in the group ranges from 8.32B to 470.85B. CAT holds the highest valuation in this group at 470.85B. The lowest valued company is BLDR at 8.32B.
Volume
The average weekly volume growth across all stocks in the Hennessy Cornerstone Large Growth Instl MF was -5%. For the same stocks of the MF, the average monthly volume growth was -15% and the average quarterly volume growth was 235%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 64
P/E Growth Rating: 34
Price Growth Rating: 32
SMR Rating: 47
Profit Risk Rating: 24
Seasonality Score: 2 (-100 ... +100)