Comcast continued its long string of good quarterly earnings reports with the highlight being the best cable TV subscriber growth in nine years. Yes, for all the worry about cord cutting, Comcast added subscribers in 2015. And growth in broadband subscribers, where Comcast and the cable industry maintain dominance with the fastest network continued unabated. […]
Activision Blizzard, Inc. (ATVI) reported disappointing quarterly results with revenue, earnings, and guidance all worse than expected. The shortfall in the fourth quarter was driven by unfavorable foreign exchange rates and weakness in ATVI’s casual franchises on consoles, Skylanders and Guitar Hero. The underwhelming guidance for next year was mainly due to a delayed release […]
Disney (DIS) reported excellent December quarter earnings driven the massive success of Star Wars. Star Wars not only drove the studio but also boosted consumer product sales. Theme parks also had a very strong quarter. Despite a big beat to consensus EPS estimates, investors focused on slightly disappointing growth in affiliate fess earned by DIS’s […]
Facebook (FB) is a new buy for Northlake clients. The social networking giant operates its original namesake product, as well as other widely used and fast-growing services including Instagram, Messenger, and WhatsApp. The company’s most recent quarterly results demonstrate strong user engagement and strong ad sales trends. This momentum is largely due to FB’s successful […]
Alphabet (GOOG/GOOGL) reported excellent 4Q15 results. Revenue trends accelerated for the second consecutive quarter and operating profit margins expanded. It appears that Google is finally benefitting from the transition to mobile internet. There have been long standing concerns about whether search on mobile could maintain its high growth rate and profitability. The worries related to […]
Northlake’s Market Cap model flipped from Mid Cap to Large Cap for February. As a result, client positions in mid cap were sold and the proceeds reinvested into the large cap S&P 500 (SPY). Current mid cap positions that were sold included both the S&P 400 Mid Cap SPDR (MDY) and the iShares S&P 400 […]
Apple reported December quarter results in line with recently lowered Wall Street expectations. A much greater focus for investors was guidance for the current quarter. Apple released guidance that was below Wall Street analyst estimates but similar to the much lower expectations held by large investors like hedge funds and mutual funds. It is not […]
Northlake’s Style model flipped back growth to start 2016 after spending just one month at neutral to end 2015. As a result, client positions in the Russell 1000 Value (IWD) were sold and proceeds reinvested in the Russell 1000 Growth (IWF). There is no change to the mid cap recommendation for the Market Cap model. […]
Northlake’s Style model shifted from favoring growth to a neutral reading for December. As a result, one half of client positions in the Russell 1000 Growth (IWF) were sold and the proceeds were reinvested into the Russell 1000 Value (IWD). The Market Cap model is still recommending mid cap for December. Therefore, client positions in […]
CBS reported a mixed quarter against low expectations. The highlight of the quarter is the company is returning to growth on the operating income line with a big accelerating ahead on 2016 on the back of political advertising. CBS shares have perfomed poorly this year as earnings estimates moved steadily lower. At one point, Northlake […]
