Jenny Harrington, CEO, Gilman Hill Asset Management

Decent earnings lie ahead. Has a 5.5% free cash flow yield.

She just trimmed AmEx as part of typical prudent portfolio management. She bought this in 2019 at 14x PE and is now at 19x PE with 13% earnings growth for the next two years. If the market hits volatility, she's perfectly fine taking a little money off the table.

A few weeks ago, they reported great earnings, but shares were down because the Covid vaccine drove earnings. Today, shares are down another 5-6%. She added shares a few weeks ago, but is holding now.

A pipeline from the Permian to the Gulf of Mexico will come online, the Matterhorn, which will increase the flow of oil as well as natural gas, which has been trading at a negative price this year. So, the producers will be much more profitable. Two more pipelines are coming and will support the oil price and their companies. She likes Devon, paying a 5% yield and will benefit from the Matterhorn.

They are blowing away former projections in free cash flow, $2 billion this year, but is $7.5 billion actually and $9.5 billion in 2025. The fundamentals are amazing. Definitely hold or own this. She doesn't like their 39x PE, but growth is so strong. She's trimmed it twice because it's such a huge holding for her.

Making an intra-day high today. Momentum now is driven by it being an AI play. But look at the fundamentals: a 3% free cash flow yield, not 5% anymore, and trading at 23x PE. Is this sustainable? How much will they spend on AI? Will their efficiency result in huge spending? Consider trading some of this. She holds a huge position.

They face more competition, slower sales in leisurewear, a weaker Chinese consumer and shares trading at 25x PE with no growth in the next 4 years.

Trades at 9.5x PE and she forecasts 20% earnings growth for the next 3 years.

REITs are up this quarter and will continue to rise as interest rates fall.

Their last quarter beat including growth projections an it's one of the cheapest tech stocks. It lags peers, but it still grows around 5% and trades at 13x PE.

Their Q2 earnings beat. A pandemic darling that then crashed. But now it trades at a fair valuation and strong free cash flow. She bought it last September is up 35%. Trades at 16x PE and has a 8% free cash flow yield. Great managers who underpromise, so they will beat their quarter. Has real secular growth.

She doesn't want to own energy broadly, but loves this. 90% of their EBITDA is fee-based. Fantastic. It's all about volumes. And it pays an 8% dividend yield.

The PE has fallen and is now appropriately priced.

Their PE rose to 30x (like Nvidia) on the AI trade, but AI is only a small part of their business. AVGO did see 47% earnings growth, but that's a third of NVDA's.

Pays a 5% dividend yield with decent earnings ahead.