Jenny Harrington

Next week's events are not a market determinant because earnings are doing the work; this year's equity gains are driven by spectacular earnings growth that is already predetermined, and she expects the market to end higher, potentially around 8000, once Q3 earnings arrive.

Jenny Harrington says Estée Lauder's Beauty Reimagined plan, implemented by the CEO about a year ago, should drive better organic growth. She expects good organic growth in the upcoming quarter and says the key is fiscal 2027 guidance, which should show 3-5% organic growth and 12.5-13% operating margins, signaling the turnaround program is working.

After a near 6% pullback in the MAG-7, entry points matter. META was purchased for accounts on Friday when the stock traded cheaper, indicating it is an attractive buy on weakness.

Teradyne (TER) is a long-term holding in the growth strategy, up 124% this year due to AI prospects. Despite a compressed free cash flow yield to 1.6%, the stock still has amazing AI-related prospects, and the firm continues to hold it, adding for new portfolios while managing position size.

The rotation from tech into value has already started, with underfollowed value stocks delivering 60-80% YTD returns; she believes there is more room to run, citing her holdings in Ryman Hospitality Properties, Lamar Advertising, and Albany International as examples of value plays that continue to work. She views the tech consolidation as healthy and recommends broadening out with new money.

The rotation from tech into value has already started, with underfollowed value stocks delivering 60-80% YTD returns; she believes there is more room to run, citing her holdings in Ryman Hospitality Properties, Lamar Advertising, and Albany International as examples of value plays that continue to work. She views the tech consolidation as healthy and recommends broadening out with new money.

The rotation from tech into value has already started, with underfollowed value stocks delivering 60-80% YTD returns; she believes there is more room to run, citing her holdings in Ryman Hospitality Properties, Lamar Advertising, and Albany International as examples of value plays that continue to work. She views the tech consolidation as healthy and recommends broadening out with new money.

Jenny explicitly stated that Ethan Allen has a 7% dividend yield, trades at 12 times earnings, has no debt to some degree, and that "Restoration Hardware pain is their gain." The attractive valuation metrics (low P/E, high yield, strong balance sheet) combined with a competitive edge from a rival's struggles suggest potential for outperformance. LONG due to value characteristics and growth opportunity from capturing market share. If Restoration Hardware recovers or Ethan Allen's earnings decline, undermining the thesis.