CBS and Virgin Media (VMED), two of Northlake’s larger holdings thanks to excellent stock price performance, reported earnings a few weeks ago. Both companies reported good results supporting the higher stock prices and setting the stage for future gains. Entering the report, I was a little worried about VMED due to strict austerity measures in […]
There were no changes to Northlake’s Market Cap or Style model signals for May. The Market Cap model continues to favor mid caps and the Style model still prefers Value. The models have been stable for six months now leaving Northlake clients invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Value […]
Discovery Communications reported a strong 1Q11 and increased its full year guidance. Advertising growth picked up from the fourth quarter, aided by improved ratings performance in the US. The guidance increase indicates that there is no slowdown in sight for domestic advertising with the caveat that ratings at key networks (Discovery, TLC, Animal Planet) need […]
I again tweeted comments as Apple held their earnings call. As a reminder, I find that my instant reaction is most valuable as I subsequently read through analyst reports. It was another great quarter with iPhones and Mac laptops leading the way. iPads were supply constrained but management seems quite confident they are getting a […]
Google (GOOG) shares are trading down 8% the day after reporting 2011 First Quarter earnings. EPS of $8.08 fell about a nickel short of the consensus of $8.13. Revenues of $6.54 billion were about $220 million ahead of estimates, growing 28% on an organic basis. Despite a tough comparison, this was the best revenue growth […]
Despite great volatility surrounding events in Japan, Libya, the Middle East, and Europe, the stock market ended little changed in March. Northlake held up very well during the volatility just after the earthquake and tsunami in Japan. As the market rallied into month end, small and mid cap stocks once again asserted leadership, helping Northlake […]
Egypt, Libya and the rest of the Middle East are not the only places where Liberty is on the March. The latest earnings report from Liberty Media indicates that all is well at Liberty Starz (LSTZA) and Liberty Capital (LCAPA), two of the three tracking stocks making up John Malone’s domestic media empire. The big […]
There we no changes to the signals from Northlake’s Market Cap and Style models for March. The favored themes remain Mid Cap and Value. As a result the latest signals, there will be no change in Northlake client holdings dedicated to the models. Clients will continue to own the S&P 400 Mid Cap (MDY) and […]
CBS reported slightly better than expected 4Q10 results, no small feat given rapidly rising estimates and a surging stock price. Adjusted EPS of 46 cents beat the street consensus of 44 cents. Revenues of $3.9 billion exceeded consensus by about $50 million. EBITDA was better than expected at the segment level, driven by beats at […]
Discovery Communications (DISCK/DISCA) reported 4Q10 results largely inline with expectations. Revenue and EBITDA grew 7% and 16%, respectively. There were a few warts in the report. Domestic advertising came in 100-200 basis points below reduced expectations as ratings weakness in 4Q took a toll. Domestic growth of 13% is still nothing to sneeze at although […]
