There were no changes to Northlake’s Market Cap and Style model signals for February. The Market Cap model continues to favor mid cap, while the Style model still recommends value. As a result of the latest signals, Northlake clients will maintain positions in the S&P 400 Mid Cap (MDY) and the Russell 1000 Value (IWD). […]
Despite another strong earnings report, Wall Street is worried about the implications of Google’s management change. Is it a sign that things are not as good as earnings make them appear? It has been an interesting several trading days in Google (GGOG) shares. After the close on Thursday, January 20th, GOOG reported very good 4Q10 […]
Following the disclosure that Steve Jobs would take a medical leave of absence, Apple reported another in a string of incredibly strong quarterly earnings reports. The reported numbers easily beat expectations. Revenue upside came mostly from higher than expected selling prices with unit volumes in line with the high end of expectations. iPad volumes were […]
Walter Piecyk, an analyst I know at BTIG, wrote the following brief comment on Apple and published it this morning. The volume of Wall Street commentary on Apple this morning is enormous as expected. Walter’s note best captures my thinking so I reproduce it here with the hope that Walter and BTIG don’t mind. “The […]
Northlake’s Style model shifted back to Mid Cap for January after a three month run at small cap. As a result, client assets dedicated to the Core and Explore strategy shifted their investment from the Russell 2000 (IWM) into the S&P 400 Mid Cap (MDY). The Style model was unchanged for January, sticking with the […]
Yesterday I began building client positions in the shares of Liberty Capital (LCAPA). Not all client positions were purchased but I expect to complete the buys within a few days. LCAPA is somewhat thinly traded and its shares are tied closely to those of Sirius XM (SIRI) making trading a bit tricky. LCAPA is the […]
Last Friday, I attended Virgin Media’s (VMED) analyst meeting in New York. Here are my thoughts: Despite jumping from $15 to $27 since Janaury 2010, VMED still has excellent upside as free cash flow is set to accelerate and management appears very disciplined toward using it to pay down debt and repurchase shares. Given the […]
Northlake’s Style model shifted back to Value after a one month stay at Growth. The model is in transition with mixed signals that are straddling the line between growth and value. The monthly signal volatility is not unusual when a long running signal reaches its conclusion. Prior to last month, the Style model had been […]
Discovery Communications (DISCK) reported good 3Q10 results. EBITDA beat estimates indicating fundamental health of the business but EPS missed due to incentive compensation costs related to the steadily rising stock price. Also disappointing was an almost complete lack of share repurchases. DISCK reported after the close on Tuesday, a week ago. The stock had closed […]
CBS reported slightly better than expected results in 3Q10. Revenues fell a little short of expectations at $3.3 billion. Estimates called for an additional $60 million. However, excellent margins led to EBITDA of $667 million, ahead of estimates for $642 million. The operating beat flowed through to EPS and the adjusted EPS of 35 cents […]
