3Q23 Earnings Updates: Part Two – AAPL, NXST, DIS, SONY, HD, and WMT

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Apple (AAPL): AAPL 4Q23 earnings and 1Q24 guidance were mixed.  The shares are down 1% in a very strong market following the report.  4Q23 results were in line on revenue and ahead on EPS with iPhone sales holding up and Services coming in ahead.  Other hardware including Macs, iPads, and Wearables were weak.  Good cost […]

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Models Favor Large Cap and Growth Again, but Mid Cap Could Be Next

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Northlake’s Market Cap and Style models again favor large cap and growth for November.  As a result, client portfolios that use the models will continue to own the S&P 500 (SPY) and the Russell 1000 Growth (IWF) for at least another month.  Clients using thematic strategies but not Northlake’s models have exposure to large cap […]

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