3Q22 Earnings Updates: Part One – IBM, GOOG, META, CMCSA, TMUS, AAPL, VICI

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IBM (IBM): IBM reported good results in a tough macro environment, further increasing our confidence in the transformation underway at the company.  Revenue and EPS exceeded expectations with strength across all segments of the company.  Management raised 2022 revenue guidance and maintained free cash flow guidance.  The only real negative in the quarter and outlook […]

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Equity Strategy Unchanged as Bond Yields Become Attractive

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Despite weak and volatile markets in September, we are sticking with our preferences for mid cap and neutrality on growth vs. value.  The September decline in stock and bond markets was broad-based with little variation in performance across market cap, style, sectors, and industries.  Northlake believes the market ended September oversold vs. our expectation for […]

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