2Q26 Earnings Updates: Part One – IBM, GOOG, TMUS, META, AAPL, VICI, SONY

/by

IBM (IBM): IBM’s second quarter disappointed after several large mainframe-related software and hardware transactions slipped out of the period. Revenue increased only 1%, Software growth slowed to 5%, and Transaction Processing declined 9%. The weakness was concentrated rather than broad-based: Red Hat accelerated to 11% growth, Data remained healthy, Consulting signings improved, and IBM maintained […]

Read more

Shifting to Mid Cap as Economy and Market Remain Resilient

/by

Northlake’s Market Cap Model is shifting from large cap to mid cap for July, while the Style Model remains unchanged in favor of value. As a result, clients using Northlake’s model-driven strategies will sell positions in the S&P 500 ETF (SPY) and buy the S&P MidCap 400 ETF (MDY). Positions in the Russell 1000 Value […]

Read more