Northlake’s Market Cap model is shifting from small cap to mid cap for October, while the Style model continues to favor value for a ninth consecutive month. For clients using our model-driven strategies, we are selling the Russell 2000 ETF (IWM), buying the S&P MidCap 400 ETF (MDY), and maintaining the Russell 1000 Value ETF […]
Northlake’s Market Cap model favors small cap for a second consecutive month, while the Style model favors value for an eighth consecutive month. For clients using our model-driven strategies, we are maintaining positions in the Russell 2000 ETF (IWM) and the Russell 1000 Value ETF (IWD). The Market Cap model reading changed very little during […]
Nexstar Media Group (NXST) reported a solid 2Q26 that was overshadowed by the ongoing litigation about the acquisition of Tegna that closed last year. Nexstar owns Tegna and has access to its cash flow, but it cannot yet integrate the stations because of a preliminary injunction obtained by several state attorneys general and DirecTV, which […]
Northlake’s Market Cap model is shifting from mid cap to small cap for August, while the Style model continues to favor value for a seventh consecutive month. For clients using our model-driven strategies, we are selling the S&P MidCap 400 ETF (MDY), buying the Russell 2000 ETF (IWM), and maintaining the Russell 1000 Value ETF […]
IBM (IBM): IBM’s second quarter disappointed after several large mainframe-related software and hardware transactions slipped out of the period. Revenue increased only 1%, Software growth slowed to 5%, and Transaction Processing declined 9%. The weakness was concentrated rather than broad-based: Red Hat accelerated to 11% growth, Data remained healthy, Consulting signings improved, and IBM maintained […]
Northlake’s Market Cap Model is shifting from large cap to mid cap for July, while the Style Model remains unchanged in favor of value. As a result, clients using Northlake’s model-driven strategies will sell positions in the S&P 500 ETF (SPY) and buy the S&P MidCap 400 ETF (MDY). Positions in the Russell 1000 Value […]
There are no changes to Northlake’s Market Cap or Style model recommendations for June. As a result, clients using our model-driven strategies will maintain current positions in the S&P 500 ETF (SPY) and the Russell 1000 Value ETF (IWD). This marks the third consecutive month favoring large-cap stocks and the fourth consecutive month favoring value […]
Walt Disney (DIS): DIS delivered another solid quarter, with continued strength across its streaming and experiences businesses helping offset ongoing pressure in traditional television. Direct-to-consumer profitability continued improving, while Parks results remained resilient despite a somewhat softer consumer backdrop. Management also maintained a constructive tone around upcoming content releases and long-term engagement trends. Investor focus […]
There are no changes to the recommendations from Northlake’s Market Cap and Style models for May. As a result, for clients using our model strategies, current positions in the S&P 500 (SPY) and Russell 1000 Value (IWD) will be maintained for at least another month. While the positioning remains unchanged, there were some notable developments […]
IBM Corporation (IBM): IBM delivered a modest beat in the first quarter, exceeding expectations on revenue, EPS, and free cash flow. Infrastructure was the clear standout, while software was in line but somewhat noisy, and consulting came in a bit light. Demand trends remain solid. Management highlighted no signs of slowing and pointed to record […]
