When Home Depot (HD) last reported earnings we noted that the company was performing extremely well, but investors were worried about the company’s ability to grow sales this year compared to the heavy spending on home upgrades during the peak of stay-at-home orders in 2020. 4Q20 also saw some pressure on margins from elevated expenses […]
Disney (DIS) shares are trading down about -3% on a big up day for the market after reporting 2Q21 results. Despite reporting results ahead of expectations on financial metrics and seeing estimates for revenue, operating income, and EPS rise, the shares are falling due to a shortfall in growth for Disney+ subscribers and management guidance […]
When Activison Blizzard (ATVI) last reported, we noted that the stock looked fully valued but the company’s excellent track record, recent business strategy enhancements, and potential for positive surprises left us willing to wait out a period of lesser stock performance. 1Q21 was a big step in the right direction with ATVI easily beating Wall […]
Nexstar Media Group (NXST) reported strong 1Q21 earnings highlighted by a faster than expected improvement in core advertising, continued upside in profit margins, and a big beat on EBITDA. Management reaffirmed its key guidance metric based on the average of 2021 and 2022 free cash flow. The cyclical nature of political spending requires use of […]
There are no changes to the recommendations from Northlake’s Market Cap and Style modes for May. We are sticking with Mid Cap and Value for another month. Current client positions following the models in the S&P 400 Mid Cap (MDY) and Russell 1000 Value (IWD) will be held for at least another month. Clients also […]
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