Jenny Harrington, CEO, Gilman Hill Asset Management

If copper stays above $5, FCX will see $9 billion in free cash flow. Shares are not cheap at 20x PE, but earnings growth is a huge 20-40%. Fundamentally, shares should be much higher.

Another long-term holding. Reported today and is rallying over 12%. Has fantastic managers and businesses. However, cuts at the NIH and at universities makes TMO too ambiguous, too much political uncertainty. Won't add, but happy to hold.

Doesn't own it, because there's a forecast of a 25% drop in 2026 in single search engine queries. In contrasts, Meta has 90% margins in their single search engine queries. Even if GOOG does well in AI and cloud, those are not as profitable as the main search business. Decent earnings growth ahead, but their earnings are more at risk. Instead of Google, she uses chatGPT and other methods to search.

Is buying more. She bought this 12 years ago. Trimmed it last February at $230 when it was priced for perfection. It reported today and is down 16%, but is trading at a lower 12x PE. They reduced sales guidance to 10% but from 10-12% and affirmed earnings guidance at 15-17%. All their businesses have huge growth, and a 7% free cash flow yield overall. They delivered double-digit earnings growth for 40 straight years. A permanent compounder.

They make engineering materials for many industries, including aerospace, cars and consumer electronics. Is -5% this year, but 20% in the last 3 months. Trades at 16x PE and has double-digit growth ahead.

Earnings and revenues beat, with a 20% jump in card fees. Their customers are high-end consumes who are still doing well (consumers are bifurcated, either doing well or struggling). Their delinquency rate is a superb 1.3%. Trades at only 18x earnings, with 14% earnings growth ahead.

You can't compare this to Netflix, because they have different drivers. Their movies and theme parks (up 9% this year) are doing well.

Is fine as long as they take their juicy cash flow and remain disciplined, or they spend a lot here and there, which will not be good. They report soon. She doesn't feel they are overspending on AI.

Trading at a crazy 175x PE, though Q1 earnings rose 39% YOY. It's frothy.

Has long owned this like a bond, for its steady, dependable dividend. Her compound annualized return is 7%. Has long owned it. Expects a boring report next week, no fireworks.

If copper stays at $5, they should produce $9 billion in free cash flow or 15% free cash flow yield.