For the first time in many years, both of Northlake’s models changed their recommendations in the same month. For February, the Market model shifted from large cap to mid cap and the Style model shifted from value to growth. As a result of these changes, all client positions in the S&P 500 (SPY) and the […]
Last week two of Northlake’s stock holdings in the technology sector reported earnings. The verdict was mixed with QUALCOMM (QCOM) reporting another outstanding quarter and issuing guidance for 2013 above Wall Street expectations. EMC Corporation (EMC) reported earnings in line with recently lowered Wall Street estimates but issued slightly disappointing guidance. As would be expected, […]
Apple reported largely inline December quarter results. Revenues of $54.5 billion were barely shy of consensus and EPS of $13.81 were barely above consensus. Gross margins exceeded guidance and were close to the most optimistic street estimates. Product sales were about as expected except for Macs, which missed by lot. Guidance was below the street […]
Google (GOOG) has consistently produced 20-25% growth for the last three years but the stock has gone nowhere. Investors have worried that the growth will slow due to competition from social media (Facebook) and the shift from desktop to mobile search. Over the past week, both of these issues have been addresses with a favorable […]
There are no changes to the signals from Northlake’s models for January. For the second consecutive month, the Market Cap model favors large caps. The Style model remains on a Value signal, as it has since August 2012. As a result of this month’s signals, there will be no changes to client investments based on […]
For the month of December, Northlake’s Market Cap model shifted back to large cap. As a result, client positions dedicated to the Market Cap model sold their holdings in the S&P 400 Mid Cap (MDY) and reinvested the proceeds in to the S&P 500 (SPY). The Style model continues to favor value, so client positions […]
Qualcomm (QCOM) bucked the trend of negative earnings and lowered guidance that has been prevalent in technology stocks this quarter. The company reported a good old fashioned “beat and raise” quarter. The shares are responding very well, up 4% in a down market. I like QCOM because it is the Intel of smartphones. Much as […]
Most major media companies reported earnings this week including those in Northlake’s portfolio of individual stocks. As has been the case with the broader market, earnings reports and guidance from Northlake’s portfolio was mixed. CBS was the clear winner with a solid quarter amid tough circumstances and a confident outlook for the December quarter and […]
After spending two months at large cap, Northlake’s Market Cap model shifted to mid cap for November. There were no significant changes in the underlying factors in the models. Rather, there was just movement within each model that led to a small change in the overall model reading. Since the large cap signal was not […]
Apple reported decent September quarter results against low expectations following lots of worry about demand trends and recent data that revealed iPad sales would be below expectations. Revenues of $36 billion were up 12% year over year and in line with consensus forecasts. EPS of $8.67 rose 23% vs. a year ago but slightly missed […]
