Posts by: Steve Birenberg
There are no changes to the recommendations from Northlake’s models for March. The Market Cap model remains on a mid cap signal and the Style model is still recommending growth. …
Nexstar Media Group reported excellent 4Q19 results and raised its guidance for 2020/2021 average annual free cash flow by 15%. In a normal market this news would have been greeted…
ViacomCBS (VIAC) reported more disappointing news with its 4Q19 earnings report and 2020 guidance. The stock is now down about -40% since last summer when the company first lowered its…
In our last blog post on MGM Resorts (MGM), we note that after a string of tough quarters brought about mostly due to things beyond MGM’s control, the story was…
Disney (DIS) is a difficult stock to value at the moment as the company is “all in” on the roll out of Disney+ and overall transition of its traditional media…
Alphabet (GOOG/GOOGL) reported slightly disappointing 4Q19 results compared to elevated expectations that existed thanks to a +10% gain in the shares in January to all-time highs. Looking more closely at…
Northlake’s Style model shifted to a full growth recommendation after spending two months neutral on the growth vs. value themes. The Market Cap model continues to recommend mid cap for…
Apple reported a strong 1Q20 and guided the current quarter nicely ahead of estimates on all key financial metrics. This is clearly a positive for Apple shares. However, the stock…
Comcast reported solid 4Q19 results with strength in the cable business offset by a modest shortfall at NBC Universal’s broadcast and cable TV networks, theme parks, and film studio. As…
IBM’s 4Q19 earnings report was a big step in the right direction for Northlake’s bullish thesis on IBM shares. As a reminder, we see the potential for an expansion in…
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