Nexstar Media Group (NXST): NXST reported good 3Q24 earnings despite a shortfall in political advertising revenue. Political ended up flat with the 2020 Presidential cycle after expectations had been raised over the summer for growth. NXST offset the shortfall with improving results at the CW Network and good expense control. The shares initially rallied to […]
IBM (IBM): IBM shares sold off following a mixed report for 3Q24. The selloff is mostly related to elevated expectations after the stock had doubled since October 2022, with over half of the gain coming since the start of 2024. Our original purchase of IBM just over five years ago was based on an investment […]
There are no changes to the recommendations from Northlake’s Market Cap and Style models following the November update. The Market Cap model favors Mid Cap for the 4th consecutive month and the Style model remains neutral on growth vs value for the sixth straight month. This type of consistency is typical as the models are […]
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