CEO at Gilman Hill Asset Management
Member since: Sep '21 · 151 Opinions
Many like herself are waiting for more of a pullback and feel that this rally doesn't feel right, doesn't feel good. She's nervous about Nvidia reporting next week. If they blink wrong, there'll be a sell-off like yesterday.
She bought it 2 years ago, up 240%. She won't get that going forward, but Uber will boast a 6% free cash flow yield. Going forward, Uber must balance shareholder returns and not disenfranchise their drivers with expense cuts.
Price target raised, though it's below the current share price. As we move into cloud, big data and AI, the big winners are in data like IBM. IBM is old and sleepy, but they bought Red Hat and will be a winner in this space, though not flashy but rather slow and steady. Pays a nearly 4% as you wait.
It reports later today. Trades at 12.6x PE. Will they announce more cost cuts and layoffs? She doesn't feel good about earnings today. At least shares haven't run up before the report. They're spending more on AI than their network, so their growth isn't linear. You can hold this for a long time, but there will be fits and starts.
It's a convertible preferred, so you get common share upside plus a 9.75% dividend.
It's on her watchlist. She's keen to see next week's bank earnings and is bullish banks. KEY has been underperforming big. It reports Jan. 18.
Earnings could grow 8-10%, but this has run up so much that to sell now would mean paying huge capital gains. It's a phenomenal story, but prefers looking for something else in 2024 and will likely sell this next year.
Isn't much more upside from here. The S&P will top at 4,400-4,500. Doesn't see earnings rising to push stocks higher. We will be stuck and rangebound for a while. Stops are popping this week only because yields are falling and the market was wildly oversold.
Fortinet's 16% plunge today is unique to Fortinet, not Palo Alto and other peers. Prefers Palo because it's more diversified than Fortinet and has a better cash flow yield.
Trades at 11x earnings, $1.6 billion free cash flow, 12% free cash flow yield and no debt! But guidance was weak. Bottoming of demand is not here, but further ahead. Is up modestly today.
Price target raised a lot today to $60 which makes her nervous. She trimmed around $45 and $47. Demand in dining and travel is softening but overall the stock is solid. She's doubled her money.
Remember, it's down only 1.5% for the year. It's trading at 15x the entire theme park as if nothing else there is worth anything. This is very oversold and feels like a bottom. There is decent earnings growth in 2024-5.
Just added shares to AMBP. They start to generate a lot of cash in 2024. Pays an 11% dividend. We're seeing stabiity in aluminum cans.
Reported a good quarter yesterday and shares are climbing 13%. Are undervalued.