Northlake’s Market Cap and Style models are sticking with the new recommendations initiated last month for mid cap and value. Clients that use our model strategies will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Value (IWD) for at least another month. The indicators that drive our models rely on […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2026-03-02 10:10:002026-03-02 16:13:26Sticking with Mid Cap and Growth
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 […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2026-02-27 11:15:522026-03-02 16:09:494Q25 Earnings Updates: Part Three – WMT, TMUS, HD, NXST, VICI
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, […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2026-02-05 10:00:282026-03-02 16:08:344Q25 Earnings Updates: Part Two – GOOG, DIS, LLY, SONY
Northlake’s Market Cap and Style models produced new signals for February reflecting recent relative strength for small cap, mid cap, and value stocks amid improved economic data in the last couple of months. A weaker US dollar also helps these themes. As a result of updated recommendations, client strategies that use our models will shift […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2026-02-02 09:00:182026-03-02 16:02:53Moving to Mid Cap and Value as Technicals and Economy Align
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 […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2026-02-02 08:55:562026-03-02 16:04:544Q25 Earnings Updates: Part One – META, IBM, and AAPL
Northlake’s Style and Market Cap model shifted back to a neutral stance to begin 2026 after spending just one month in a growth posture. The move was driven by changes in market trend and technical indicators, which have recently shown improved performance among mid- and small-cap stocks. This shift comes against a backdrop of continued […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2026-01-02 09:00:112026-03-02 15:48:21Back to Neutral on Growth vs Value to Begin 2026
The December update to Northlake’s Market Cap and Style models sees new recommendations for both models. After five months recommending mid cap, the Market Cap model shifted to large cap. After four months at neutral the Style model changed to growth. Client accounts using our models will sell the S&P 400 Mid Cap (MDY) and […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-12-01 16:10:452026-02-06 16:11:41Shifting to Large Cap and Growth to Finish 2025
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 […]
Northlake’s models continue to favor mid cap and remain neutral on growth vs. value. The models recommendations and underlying factors reflect an outlook for good market breadth and continued moderate economic growth. This outlook is consistent with our broad diversification for client portfolios that use thematic strategies but do not follow our models. For portfolios […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-11-03 16:29:152026-02-06 16:29:54Models Stable for November
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 […]
Sticking with Mid Cap and Growth
Northlake’s Market Cap and Style models are sticking with the new recommendations initiated last month for mid cap and value. Clients that use our model strategies will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Value (IWD) for at least another month. The indicators that drive our models rely on […]
4Q25 Earnings Updates: Part Three – WMT, TMUS, HD, NXST, VICI
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 […]
4Q25 Earnings Updates: Part Two – GOOG, DIS, LLY, SONY
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, […]
Moving to Mid Cap and Value as Technicals and Economy Align
Northlake’s Market Cap and Style models produced new signals for February reflecting recent relative strength for small cap, mid cap, and value stocks amid improved economic data in the last couple of months. A weaker US dollar also helps these themes. As a result of updated recommendations, client strategies that use our models will shift […]
4Q25 Earnings Updates: Part One – META, IBM, and AAPL
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 […]
Back to Neutral on Growth vs Value to Begin 2026
Northlake’s Style and Market Cap model shifted back to a neutral stance to begin 2026 after spending just one month in a growth posture. The move was driven by changes in market trend and technical indicators, which have recently shown improved performance among mid- and small-cap stocks. This shift comes against a backdrop of continued […]
Shifting to Large Cap and Growth to Finish 2025
The December update to Northlake’s Market Cap and Style models sees new recommendations for both models. After five months recommending mid cap, the Market Cap model shifted to large cap. After four months at neutral the Style model changed to growth. Client accounts using our models will sell the S&P 400 Mid Cap (MDY) and […]
NL EPS Part Two: NXST, SONY, DIS, HD, and WMT
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 […]
Models Stable for November
Northlake’s models continue to favor mid cap and remain neutral on growth vs. value. The models recommendations and underlying factors reflect an outlook for good market breadth and continued moderate economic growth. This outlook is consistent with our broad diversification for client portfolios that use thematic strategies but do not follow our models. For portfolios […]
3Q25 Earnings Updates: Part One – IBM, TMUS, META, GOOG, LLY, VICI, and AAPL
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 […]