Discovery Communications (DISCK) shares have traded off 5% since reporting June quarter earnings. The underlying organic growth rates were largely in line with estimates but accounting adjustments related to the company’s acquisitions in Europe earlier this year led to a reduction in net income guidance for the year and miss on reported EPS for the […]
After a lot of worry on the part of investors, Qualcomm (QCOM) reported solid June quarter results and provided guidance for more the same. QCOM shares have lagged in 2013 due to investor fears about a slowdown in high end smartphone demand. Despite signs of slower growth (offset by a positive surprise in iPhone volumes […]
Apple (AAPL) reported a better quarter although earnings are still down year-over-year. I expect that earnigns will turn positive again in the Decemebr quarter and growth will pick up as next year moves along, partially due to very easy comparisons beginning next spring. Renewal of earnings and product momentum is critical to get AAPL shares […]
Google (GOOG) reported slightly disappointing second quarter earnings. Revenue of $11.1 billion was slightly less than estimates of $11.4 billion. EPS of $9.54 were materially below consensus expectations of $10.81. Given these headline numbers, GOOG shares initially traded down about 5%. However, they were down less than 2% when trading closed the day after the […]
Despite merger and acquisition rumors popping up all around the cable and satellite industry, Comcast CMCSK) shares have not moved higher. This makes sense since Comcast is by far the biggest company in U.S. pay TV industry with 25 million subscribers. Charter Communications, now 25% owned by cable industry pioneer John Malone’s Liberty Media (LMCA) […]
There were no changes to Northlake’s Market Cap and Style model for July. The Market Cap model continues to recommend Mid Cap (MDY) and the Style model still favors Value (IWD). As a result of the new signals, client assets invested with the models will continue to maintain holdings in MDY and IWD. The indicators […]
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