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There are no changes to our thematic recommendations and positions for February. Northlake remains all-in on small cap and neutral on growth vs. value. Clients will continue to hold positions…
Comcast remains a tale of COVID winners and COVID losers. The cable/Xfinity business is performing great, driven by broadband. Cord cutting has minimal impact given margin dynamics and the fact…
Apple reported an extremely good December quarter to open the company’s 2021 fiscal year. Strength was across the board in all products, services, and geographies. The results materially exceeded high…
IBM reported disappointing 4Q20 earnings although there were positives that support Northlake’s investment thesis. EPS exceeded expectations, but the upside was due to below-the-line or non-operating items. The culprit in…
We recently added Sony (SNE) to Northlake client accounts. In many cases, we partially paid for the investment in SNE by selling shares of ViacomCBS (VIAC). SNE is well-known for…
There are no changes to Northlake’s favored themes for December. We remain neutral on growth versus value and continue to favor mid caps. As a result, current client positions following…
Home Depot (HD) shares are unchanged since August including a pullback of about 5% since reporting 3Q21 earnings in November. Not much has really changed over this time frame. The…
Home Depot (HD) shares are unchanged since August including a pullback of about 5% since reporting 3Q21 earnings in November. Not much has really changed over this time frame. The…
There are no changes to Northlake’s favored themes for December. We remain neutral on growth versus value and continue to favor mid caps. As a result, current client positions following…
Disney (DIS) reported another quarter of massive subscriber gains for Disney+ and steady growth for the Hulu and ESPN streaming services. Subscribers for Disney+ came in at almost 74mm vs…
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