Posts by: Steve Birenberg
Thanks to the 2Q19 earnings report, for a brief stretch, focus on Disney (DIS) turned back to the fundamentals of their current operating businesses. It turns out the news is…
Despite reporting another solid quarter in line with Wall Street expectations, CBS shares remain in a tough spot. The shares trade at 9X 2019 estimated earnings, barely more than half…
Activision Blizzard (ATVI) confirmed it is facing a transition year in 2019 with its 1Q19 earnings report and guidance update. First quarter earnings exceeded Wall Street expectations but management guided…
There are no changes to the recommendations form Northlake’s Market Cap and Style models for April. Growth remains the favored Style as it has been since the start of January. …
Apple (AAPL) reported weak but better than expected 2Q19 results and 3Q19 guidance. Revenues fell -5% for the second consecutive quarter. Operating profit fell -15% after declining -10% last quarter. …
On the surface, MGM Resorts (MGM) reported 1Q19 results in line with Wall Street expectations. However, the composition of the results is troubling investors. Regional casinos in the US did…
Alphabet (GOOG/GOOGL) reported disappointing 1Q19 earnings driven by across the board weakness in revenue trends relative to expectations. We have noted in past earnings recaps that Alphabet was holding consistently…
After a tough stretch beginning with last August’s shocking guidance reduction, Facebook (FB) appears mostly out of the woods as far as the bear case goes. User growth at the…
After a difficult 2018, Comcast (CMCSA) shares have rebounded to challenge all-time highs reached at the beginning of last year. This might be hard to understand given the constant drumbeat…
There are no changes to the recommendations from Northlake’s Market Cap and Style models for April. The Market Cap model remains on a mid cap signal for the second consecutive…
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