Speaker · Updated
Jenny Harrington: latest market views
Gilman Hill Asset Management
Summary
Jenny Harrington is CEO and portfolio manager of Gilman Hill Asset Management in New Canaan, CT, where she runs the firm's Equity Income strategy, and is a dividend-investing expert, author of 'Dividend Investing' and co-author of 'Investment Wisdom for Our Friends and Loved Ones'.
Chorus has 11 views from Jenny Harrington across 2 episodes on CNBC Halftime Report since October 21, 2026. Their latest calls: bullish on Alphabet, NVIDIA, United Parcel Service and Meta Platforms.
Where they stand
Their latest bullish or bearish call on each company.
- AlphabetBullish ·
- NVIDIABullish ·
- United Parcel ServiceBullish ·
- Meta PlatformsBullish ·
- Northrop GrummanBullish ·
What they talk about most
- AI bubble & tech valuations · 1
- AI infrastructure & data centers · 1
- Alphabet · 1
- Earnings & corporate profits · 1
- Emerging markets · 1
- NVIDIA · 1
- United Parcel Service · 1
- AI: overall outlook · 1
- Marriott International · 1
- Meta Platforms · 1
- Northrop Grumman · 1
The latest views
Newest first. Every quote is checked against the episode's transcript.
Earnings strength is broadening beyond tech into industrials, consumer and other sectors.
Her earnings roundup shows strong upside across many names: Hilton, Coca-Cola, Polaris, Royal Caribbean, S&P Global, TransUnion, HCA, Freeport, Hubbell, Corning and others. Expectations for those names are low, so they could produce big share-price reactions. The positivity may therefore be broader than the tech trade.
“I think we need to, like, broaden the lens on realizing that maybe all of this economic activity from AI is bleeding out further.”at 12:48
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
AI infrastructure & data centers
Neocloud funding has dried up, signalling a real problem for the AI infrastructure sector.
Several months ago neoclouds could raise as much money as they wanted. Now their funding has dried up, and Anthropic needed Broadcom's CEO to intervene in a financing deal. That shows something has fundamentally changed in the cost and availability of funding. She sees a pocket of toxicity in the sector.
“for the neo cloud players... funding has dried up, and I think there's a problem.”at 16:30
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
NVIDIABullish
Nvidia is an opportunity after a year-to-date pause, but carries significant risk.
She bought Nvidia. Her firm's companies are putting up strong numbers and estimates are rising, yet the stock has paused this year. She sees opportunity in that gap but also significant risk. The pause suggests the market is pricing that risk, and she frames the risk as tied to the funding problems in the broader AI sector.
“I've also bought NVIDIA... Estimates are going higher... I think there's opportunity here. I think there is, but I also think it comes with a lot of risk.”at 16:30
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
AlphabetBullish
Alphabet's traditional hyperscaler exposure is undervalued after a 10% weekly drop.
She bought Alphabet's convertible preferred a few weeks ago to get exposure to traditional hyperscalers, which can fund AI from their existing businesses rather than from scarce external capital. She thinks the valuation is right and the stock is undervalued. It fell about 10% in the last week.
“I added the Google, the alphabet Google convertible preferred [N]... because I want to play that traditional hyperscaler part. I think it's undervalued.”at 20:56
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
Low PEG ratios in tech reflect skepticism about growth, so they may not expand.
Micron trades at about five times earnings despite 200% to 300% earnings growth. She argues the market is deeply skeptical about how durable that growth is, so the multiple will not expand the way it normally would. Low PEG ratios therefore need to be read differently than they have been historically.
“you need to treat a peg ratio, a PE to growth ratio differently in this moment maybe than you have historically because the growth is suspect.”at 22:24
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
Brazil's post-election selloff is creating opportunity in strong companies despite government issues.
Her firm's international strategy moved on Brazil the day after the election. It had no Brazil holdings then and did not invest immediately, but the reaction was similar: opportunities are being created even though the government is a mess. She points to strong companies such as Petrobras, Embraer, Vale and several fintechs.
“the immediate response was kind of the same... opportunities being created here, and you have the government's a mess... but there's phenomenal country... Companies in the country of Brazil.”at 28:46
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
United Parcel ServiceBullish
UPS's shift to higher-margin business is working, with high single-digit earnings growth ahead.
UPS beat estimates and raised full-year guidance for a second straight quarter. Its focus on higher-profit packages and aggressive use of technology are paying off, and the union overhang is in the past. It trades at 12.5 times earnings and yields 6.5%, and it should benefit if the US economy holds up. She owns the stock.
“Their strategy is working, and the strategy is focusing on higher profitability business... Earnings growth for the next three years is in the high single digits, kinda 10%, seven, 10% range.”at 31:00
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
AI trade now rewards discernment, company by company; the correction isn't over.
Investors have become discerning about AI, which is why Palantir and Nvidia are only up 14% on the year while Micron is up about 200% and Oracle is down 30%. Skepticism about earnings is real across companies, which is why the S&P trades below its ten-year average multiple. She says the recent drop is not a slap and that they haven't seen anything yet.
“take on AI, which is why you have a Palantir and an Nvidia only up 14% on the year... and why you have an Oracle down 30.”at 12:53
CNBC Halftime Report: Will the AI Trade Resume? The Investment Committee Weighs in 10/21/26 ·
Meta PlatformsBullish
Meta's 21x earnings and reliable double-digit growth make it attractive, not the whole AI trade.
Meta is very profitable and not a single company is using AI better, though it uses its operating cash flow for data centers. It trades at 21 times earnings with double-digit earnings growth ahead, which she sees as more reliable than other AI earnings. She expects roughly 24% earnings growth this quarter and says the AI trade must be assessed company by company.
“I don't think that there's a single company out there that's using AI better... They should grow their earnings at 24% this quarter, so I'm looking for that.”at 17:14
CNBC Halftime Report: Will the AI Trade Resume? The Investment Committee Weighs in 10/21/26 ·
Marriott InternationalNeutral
Marriott's 31x P/E and 2.5% FCF yield are too rich to add to; she is holding its compounder.
Her fund has owned Marriott since 2013 and it has compounded strongly. It now trades at 31 times earnings with a free cash flow yield of 2.5%, which is a huge hurdle for them. But it grows at double digits, mid-teens consistently, so they are sticking with it but will not throw new money in.
“it's trading at 31 times earnings right now, and the free cash flow yield, which is a huge hurdle for us, is down to two and a half percent. But you've got a company that grows, like, double digits, mid teens consistently.”at 29:27
CNBC Halftime Report: Will the AI Trade Resume? The Investment Committee Weighs in 10/21/26 ·
Northrop GrummanBullish
Northrop trades at 18x with a near 5% FCF yield and reliable high-single-digit growth; attractive.
Northrop trades at 18 times earnings with a nearly 5% free cash flow yield, and the stock is down five percent on the year. It has high single-digit earnings growth ahead rather than double digits, and it just raised its $110 billion pipeline. She thinks its earnings over the next five years are highly reliable.
“So this one's trading at 18 times earnings with a nearly 5% free cash flow yield, down five on the year... not double digit earnings growth, but, like, high single digit earnings growth ahead.”at 30:00
CNBC Halftime Report: Will the AI Trade Resume? The Investment Committee Weighs in 10/21/26 ·
Shows
- CNBC Halftime Report · 2 episodes
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