Apple reported a surprisingly robust quarter, beating expectations across the board. Revenues grew 11% vs a year ago, the best growth rate in almost two years. Margins rose modestly, which accompanied by continued share buybacks, allowed EPS to grow by 18%. The source of strength was broad. The small form factor, lower price iPhone SE […]
“Comcast’s 1Q20 2Q20 earnings report and conference call exposed sharp differences of how the COVID crisis is impacting the company’s three business segments. Already positive trends in the core cable business are getting a boost. NBC Universal and Sky, however, are in the direct path of the virus with little visibility for the pace or […]
IBM reported modestly better than expected earnings against lowered, pandemic-impacted expectations. Revenue and EPS both fell year-over-year as growth in cloud-related business lines (including Red Hat) could not overcome secular decline in legacy software and hardware business and cyclical impacts from the pandemic. Importantly, we continue to see green shoots in IBM’s transition toward cloud […]
Northlake’s Market model shifted to small cap for the first time since 2017. This is the culmination of a gradual move in the model in favor small cap over the last four months. Client positions following the model will sell holdings in the S&P 400 Mid Cap (MDY) and reinvest the proceeds in the Russell […]
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