Posts by: Steve Birenberg
Sinclair Broadcasting (SBGI) reported 1Q17 earnings in line with analyst estimates. Guidance for the second quarter appears a little light although management reiterated all guidance for 2017 and 2018 suggesting…
Apple reported a mostly inline March quarter and issued guidance for June quarter that was within its usual range. Revenues for the March quarter fell slightly short of estimates driven…
Each of Northlake’s models has a new signal for May. The Market Cap model is now recommending mid caps after four consecutive months at small cap. The Style model now…
Google (GOOG/GOOGL) reported another solid quarter with 24% foreign exchange neutral revenue growth. Revenue growth was driven by advertising, up 20% in constant currency terms. Mobile is the driver with…
Comcast reported another good quarter and the shares are moving up to another all-time high. CMCSA shares are befitting from two factors. First, the company continues to execute almost perfectly…
Sinclair Broadcasting (SBGI) has been added to Northlake’s individual stock portfolio. We expect transformational acquisitions to increase the company’s free cash flow by 25-50% over the next two years. Free…
Despite a lot of underlying movement in the indicators, there are no changes to the recommendations from Northlake’s Market Cap and Style models. The Market Cap model remains on a…
Northlake’s Style model shifted to a neutral signal after three months at value. The change primarily reflects a pause in the Trump reflation trade during February that impacted the trend…
CBS reported mixed results for 4Q16 in a quarter where that was widely expected due to difficult comparisons. The company showed three fewer Thursday night NFL games and lost 9…
Liberty Global (LBTYK) reported solid 4Q16 results, affirming the acceleration in the company’s growth rate that is critical to our investment thesis. Using the company’s methodology that ignores foreign exchange…
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