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Stock Opinions by Jenny Harrington, CEO, Gilman Hill Asset Management

COMMENT
NVIDIA Corporation

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.

computer software / processing
PARTIAL BUY
Uber

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.

Technology
BUY
IBM Common Stock

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.

electrical / electronic
WATCH
Cisco

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.

electrical / electronic
BUY
NextEra Energy
Convertible preferred shares

It's a convertible preferred, so you get common share upside plus a 9.75% dividend.

electrical utilities
WATCH
Keycorp

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.

banks
SELL
Uber

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.

Technology
BUY

Pays a 6.5% dividend and has a lot of cash flow.

oil pipelines
COMMENT

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.

Unknown
BUY
Palo Alto Networks

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.

0
BUY

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.

electrical / electronic
PARTIAL SELL
Uber

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.

Technology
WEAK BUY
Walt Disney Co.

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.

entertainment services
BUY

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.

INDUSTRIAL PRODUCTS
BUY
Lamar Advertising

Reported a good quarter yesterday and shares are climbing 13%. Are undervalued.

REAL ESTATE
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