Posts by: Steve Birenberg
CBS reported slightly disappointing 4Q18 earnings although the shortfalls were small, just a few percent, and most were explained by the always tricky timing of content sales. The bigger news…
Disney (DIS) reported solid 1Q19 earnings with Theme Parks doing very well, Studio Entertainment struggling as expected against a tough comparison, and Media Networks showing improvement against strong secular headwinds…
Alphabet (GOOG/GOOGL) reported a mixed quarter relative to very high Wall Street expectations but a good quarter looking to long-term value creation. Revenue and EPS came in ahead of expectations…
Facebook (FB) reported a better than expected quarter across its financial and engagement metrics providing investors with a large dose of relief. The shares extended the recent rally off the…
There are no changes to the signals from Northlake’s Market Cap and Style models. Large Cap and Growth remain the favored themes. This is the 6th straight month for large…
Apple shares are responding well to a mixed earnings report and guidance update. The earnings for the December quarter were largely in line with the dramatically lower guidance the company…
Northlake has been patient with Comcast over the past year as we disliked both the ultimately futile pursuit of 21st Century Fox assets and the ultimately successful purchase of Sky. …
Northlake has sold client positions in Sherwin Williams (SHW) following the company’s disappointing update on 4Q18 earnings. SHW preannounced a large miss versus consensus expectations driven by weakness in its…
Effective 1/1/19, Northlake’s Style model moved back to Growth after four months at neutral. The Market Cap model remains on a large cap signal for the fifth consecutive month. Client…
MGM Resorts (MGM) reported better than expected 3Q18 results driven by the company’s Las Vegas properties. The beat was at least partially due to a significant reset of expectations following…
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