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VICI Properties (VICI): VICI reported its usual highly predictable, steady growth quarter. All guidance for 2024 was reiterated and analysts made only minor changes to their estimates. The company did…
The reset of expectations for the Federal Reserve to begin cutting rates amid continued strength in the economy led both of Northlake’s models to change recommendations for May. We are…
Meta Platforms (META): After rallying from under $100 in the fall of 2022 to over $500 this year, META faced high expectations for its 1Q24 report. The first quarter results…
Northlake’s Market Cap and Style models continue to reflect a broadening bullish stock market trend. The Style model has shifted to neutral after one year at a growth signal. This…
After reviewing the latest updates, we are sitting tight with the current recommendations from our Market Cap and Style models. The small cap signal that flashed for February held for…
Sony (SONY): SONY had mixed news with its 3Q23 report. Earnings were basically in line with or slightly ahead of expectations. However, guidance was mixed, including initial insight into the…
Meta Platforms (META): META had an outstanding 4Q23 earnings report and even better guidance for 1Q24. The company also announced its first ever quarterly dividend and a much larger share…
The latest signal from Northlake’s Market Model shows a rare shift to small cap. As a result, client portfolios using our model strategies will sell current positions in the S&P…
International Business Machines (IBM): IBM reported a good quarter with nice upside on the all-important free cash flow. Guidance was also good with free cash flow again surprising positively. The…
There are no changes to the recommendations from Northlake’s Market Cap or Style model to start 2024. We are sticking with Mid Cap and Growth. Client positions following the models…