Alphabet (GOOG/GOOGL) reported better than expected 3Q17 results. Sales were up 24% compared to 3Q16, accelerating from 21% year-over-year growth last quarter. Earnings per share were almost 15% above expectations, partially boosted by a favorable tax rate. Mobile search advertising, YouTube, and cloud computing each contributed to the strong results. GOOG grew advertising revenue by […]
Comcast (CMCSA) reported in line results for 3Q17 although admittedly expectations on subscriber metrics had been reduced after the company adjusted its guidance. Financial results matched initial expectations and were never adjusted lower despite the lower subscriber counts. Comcast shares fell 15% from all-time highs since the company announced in September that they would lose […]
Sherwin Williams (SHW) has been added to Northlake’s individual stock portfolio. SHW is the type of high quality, long-term growth company we prioritize. The company is in the process of integrating the acquisition of Valspar. We have been awaiting more clarity on progress of the integration and an updated multiyear outlook to confirm our bullish […]
Each of Northlake’s models flashed a new signal for October. The Market Cap model shifts from large cap to mid cap after four months favoring large cap. The Style model moves to growth after two consecutive months at value. In response to the new signals, client positions following the models that owned the S&P 500 […]
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