Posts by: Steve Birenberg
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…
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…
International Business Machines (IBM): IBM reported a good quarter with nice upside on the all-important free cash flow. Guidance was also good with free cash flow again surprising positively. The…
There are no changes to the recommendations from Northlake’s Market Cap or Style model to start 2024. We are sticking with Mid Cap and Growth. Client positions following the models…
Northlake’s Market Cap model flipped from Large Cap to Mid Cap for December. Client positions following the model sold holdings in the S&P 500 (SPY) and reinvested the proceeds in…
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…
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…
Alphabet (GOOG/GOOGL): GOOGL reported mixed results for 3Q23. The two dominant businesses, Search and YouTube, had better-than-expected revenue growth as advertising accelerated ahead of high expectations. On the downside, Cloud…
After a rough stretch for small cap stocks, Northlake’s Market Cap model shifted from mid cap to large cap. The change was driven mostly by technical and trend indicators that…
There are no changes to the recommendations from Northlake’s Market Cap and Style models for September. The Market Cap model favors mid cap for the third straight month, while the…
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