Posts by: Steve Birenberg
Disney had a truly awful quarter. But the stock is up 10% today! Investors have chosen to look past the pandemic’s devastating impact on theme parks, ESPN (no live sports…
There are no changes to the signals from Northlake’s Market Cap and Style models for August. Last month, we shifted to small caps and small cap growth and these signals…
Facebook (FB) reported a stronger than expected 2Q20 driven by large increases in engagement across its family of properties. Social apps like Facebook and Instagram have seen a huge boost…
Alphabet (GOOG/GOOGL) reported a good quarter relative to expectations but saw more mixed fundamental trends than the other tech giants including its closest peer, Facebook. There was nothing wrong with…
Apple reported a surprisingly robust quarter, beating expectations across the board. Revenues grew 11% vs a year ago, the best growth rate in almost two years. Margins rose modestly, which…
“Comcast’s 1Q20 2Q20 earnings report and conference call exposed sharp differences of how the COVID crisis is impacting the company’s three business segments. Already positive trends in the core cable…
IBM reported modestly better than expected earnings against lowered, pandemic-impacted expectations. Revenue and EPS both fell year-over-year as growth in cloud-related business lines (including Red Hat) could not overcome secular…
Northlake’s Market model shifted to small cap for the first time since 2017. This is the culmination of a gradual move in the model in favor small cap over the…
There are no changes to the signals from Northlake’s Market Cap and Style models for June. Last month’s new recommendation of mid cap is in place for a second month,…
Shares of ViacomCBS (VIAC) performed poorly prior to the economic shutdown and COVID-19 crisis and have fallen further. The stock is now about 50% lower than its mid-February level even…
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