In an extremely unusual development, Apple reported revenues and earnings well below the Street’s estimates. More normally, the company guided earnings for the September quarter below estimates. However, the gap to analyst estimates was unusually large, effectively making this quarter and a “miss and lower.” In response Apple shares are trading down 5%. Given the […]
The early part of each quarterly earnings season is focused on technology companies as far as Northlake Capital Management’s strategies are concerned. Thus far, we have heard from Google (GOOG), Qualcomm (QCOM), and EMC Corporation (EMC). All three stocks reacted well to their earnings announcement, recovering a significant portion of recent share price declines. Heading […]
There were no changes to Northlake’s Market Cap and Style model signals for June. Mid Cap and Growth continue to be favored. As a result, client positions in the S&P 400 Mid Cap (MDY) and the Russell 100 Growth (IWF) will be maintained for at least another month. It does appear likely that the growth […]
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