Google (GOOG/GOOGL) reported slightly disappointing revenue and lower than expected EPS against elevated street expectations for 1Q16. The shares are trading down by -5-6% this morning. The decline in the stock is understandable but Northlake does not feel there is much to worry about in terms of the key trends that drive Google’s business. We […]
Alphabet (GOOG/GOOGL) reported excellent 4Q15 results. Revenue trends accelerated for the second consecutive quarter and operating profit margins expanded. It appears that Google is finally benefitting from the transition to mobile internet. There have been long standing concerns about whether search on mobile could maintain its high growth rate and profitability. The worries related to […]
Alphabet (formerly known as Google and still trading as GOOG/GOOGL) reported good results in 3Q15. This marks the second consecutive quarter that the company has beaten Wall Street expectations after a string of slightly disappointing results. The shares responded, rising from $500-550 for much of the first half of the year to over $700 today. […]
Google (GOOG/GOOGL) reported slightly better than expected 2Q15 earnings. Revenue growth picked up slightly after a long string of decelerating growth quarters. This proved reassuring to investors concerned about Google’s long-term growth rate amid a shift to mobile where app usage theoretically hurts traditional search which Google dominates. Equally important for the stock, expense growth […]
Google (GOOG/GOOGL) shares responded favorably to its latest quarterly earnings report, rising over 3% on the first day of post-earnings trading. The results were largely in line with Wall Street expectations, coming as a relief to many investors who feared worse due to difficult foreign exchange headwinds, slowing growth in search, and the shift in […]
Apple and Google reported earnings last week and each stock responded very positively. This was an interesting outcome given that Apple’s results were well ahead of expectations, while Google fell a little short of Wall street estimates. Media Tlak has often noted how expectations and sentiment drive a stock’s immediate reaction to earnings. Read on […]
Google (GOOG) and Apple (AAPL) reported in the past week, kicking off another round of quarterly earnings reports for stocks held in Northlake client accounts. GOOG and AAPL compete directly on operating systems (iOS vs. Android) and the desire to control the largest ecosystem of online consumers. Northlake will continue to hold both stocks in […]
This quarter I am trying a different approach that hopefully saves clients time and increases readership of the quarterly earnings updates. I will write short paragraphs on several companies at a time as they report highlighting a few key items in the reports and looking ahead to future potential of each stock. Earnings season is […]
Several companies held in Northlake client portfolio recently announced stock splits. Discovery Communications (DISCK) and Liberty Media (LMCA) announced stock splits that will become effective over the summer. Apple (AAPL) also announced a split effective in early June. These announcements follow Google issuing new non-voting shares as a 2 for 1 split. As a reminder, […]
Google (GOOG) reported another good quarter. Please note I am defining “good” as satisfactory to investors. GOOG went through a roughly six quarter stretch in 2012 and early 2013 where despite showing sustained 20% plus growth, investors were concerned. These last two quarters have addressed the concerns and GOOG shares have moved up sharply to […]
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