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There were no changes to Northlake’s Market Cap and Style models for September. The Market Cap model is recommending mid cap for the second consecutive month and the Style mode…
Home Depot (HD): HD reported better than expected earnings despite worse than expected sales in the core business. The shares rebounded from an initial sell-off and continued higher throughout the…
As clients know, we always advise calm and patience when the market hits a particularly rough downdraft. This time is no different. We have several observations to share: The quick…
Northlake’s Market Cap model shifted from large cap to mid cap for August. This change occurred primarily due to the significant outperformance of small and mid cap stocks during July. …
Alphabet (GOOG/GOOGL): GOOG/GOOGL provided a mixed update with its 2Q24 results. Earnings were generally good with modest upside for Search, Cloud, and operating margins. YouTube advertising revenue fell short of…
There are no changes to Northlake’s Market Cap and Style models this month after three consecutive months where at least one of the model recommendations changed. The Market Cap model…
As is often the case when Northlake’s models are transitioning from long established trends, there is more volatility in the monthly signals. Last month, we took the unusual step of…
VICI Properties (VICI): VICI reported its usual highly predictable, steady growth quarter. All guidance for 2024 was reiterated and analysts made only minor changes to their estimates. The company did…
The reset of expectations for the Federal Reserve to begin cutting rates amid continued strength in the economy led both of Northlake’s models to change recommendations for May. We are…
Meta Platforms (META): After rallying from under $100 in the fall of 2022 to over $500 this year, META faced high expectations for its 1Q24 report. The first quarter results…
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