Activision Blizzard (ATVI) reported strong 3Q20 earnings driven by its Call of Duty franchise. Revenues and earnings were above management guidance and the even higher analyst estimates. Management raised the 2020 outlook, and initial comments on 2021 suggest management believes earnings can grow against the tough 2020 COVID-boosted results. Over the summer, we made sales […]
There are no changes to the recommendations from Northlake’s Market Cap and Style models for November. For our Market Cap theme, we continue to favor mid cap. In our Style theme, we remain neutral between growth and value. There will be no changes to client positions in the S&P 400 Mid Cap (MDY) or the […]
Facebook continues to perform well despite the economic impact of the pandemic and negative publicity surrounding privacy and political issues. Ad revenue grew 22% during 3Q20, powering a better than expected earnings report. This is the second consecutive quarter that Facebook had better than expected advertising growth, supporting the idea that it is a COVID […]
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