Walmart (WMT): Walmart’s 4Q25 wrapped up a great year for the company and the stock. The company’s underlying business remains resilient, with U.S. same-store sales up about 4.6% and overall revenue growing roughly 5.5% year-over-year, in line with expectations, driven by strength in grocery, e-commerce, and higher-margin areas like advertising and membership income. Profit margins […]
Alphabet (GOOG): GOOG reported strong 4Q25 results beating estimates on most metrics at the corporate and segment level. Guidance commentary supported continued growth in 2026. Getting the most attention was guidance for capital spending nearly doubling in 2026 to around $180 billion. Virtually all of this spending is supporting GOOG’s increasingly apparent leadership in AI, […]
Meta Platforms (META): There are two big takeaways from Meta’s latest quarter: it showed AI is boosting growth in advertising, and it outlined the next spending wave. Ad impressions rose 18% while pricing rose 6%. Management attributed ad strength to clearer proof of results for advertisers, better ad targeting in feeds, and AI tools that […]
Nexstar (NXST): NXST posted a mixed quarter that keeps the 2026 election tailwind in play while 2025 still looks softer. Revenue was on target, but earnings fell short as political dollars fell, equity income from Food Network eased, and a one-time distribution claim hit margins. Ads were down on the tough political comparison while core […]
IBM (IBM): IBM is growing again and the long-term setup looks better, but the stock’s run has lifted expectations. The focus now is on Software turning strong orders into recognized revenue, and on AI showing up clearly in earnings, with Red Hat anchoring the mix and durability of that growth. Early-cycle mainframe strength and tight […]
Disney (DIS): Disney’s latest quarter marked a significant inflection point, showcasing tangible progress in its strategic pivot towards profitable growth across its diverse empire. The Direct-to-Consumer streaming business delivered the fourth consecutive quarter of meaningful profitability, a major milestone driven by cost discipline and pricing power. Management is shifting investor focus away from raw subscriber […]
Alphabet (GOOG): GOOG delivered a strong reassurance to investors with its 2Q25 earnings report, underscoring its market leadership and the successful execution of its AI-first strategy. The company reported robust consolidated revenue growth of 14% year-over-year, driven by double-digit gains across Google Search & other, YouTube ads, and Subscriptions, alongside a significant 32% surge in […]
We recently added Ely Lilly (LLY) to client accounts that employ Northlake’s individual stock strategy. LLY fits the profile we have been looking for to add to the widely held stock portfolio: blue chip financial strength, above-average long-term growth with a reasonable valuation, and diversification from consumer discretionary and consumer technology. We believe LLY can […]
Apple (AAPL): AAPL reported inline results for the company’s 2Q25. Management noted little impact from tariffs, which is no surprise given the bulk of the tariff challenges emanate from the April 2nd announcement. In 2Q25, revenue grew 5%, operating income grew 6%, and EPS grew 8%. These modest growth rates are where AAPL sits now […]
IBM (IBM): IBM reported better than expected 1Q25 results and maintained guidance for 2025. However, the mix of underlying datapoints disappointed investors and the shares are trading down more than 5%. We think the decline is overdone and partially related to the excellent performance of IBM over the past 12 months. Expectations were elevated and […]
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