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The October model update results in moving to neutral on the growth vs value theme in the Style model. As a result, we have completed the sale of one half…
After reviewing our models, there are changes to both the Market Cap and Style exposure. The changes are driven by a shift in Market Cap exposure from small cap to…
Activision Blizzard (ATVI) reported better than expected 2Q20 earnings, beating on both the top and bottom line. EPS of 97 cents crushed the consensus of 69 cents. Despite the 28…
ViacomCBS (VIAC) reported better than expected results in 2Q20. Revenues were down -12% but good cost controls and some expense timing benefits led to adjusted EBITDA +8%. Free cash flow…
Home Depot shares are up about 50% since Northlake purchased them for clients in March. This is far beyond what we expected at the time. This also explains why the…
Nexstar Media Group (NXST) reported better than expected results in 2Q20 across revenue, EBITDA, and FCF. The stock initially rallied sharply as would be expected but other traditional media companies…
Disney had a truly awful quarter. But the stock is up 10% today! Investors have chosen to look past the pandemic’s devastating impact on theme parks, ESPN (no live sports…
There are no changes to the signals from Northlake’s Market Cap and Style models for August. Last month, we shifted to small caps and small cap growth and these signals…
Facebook (FB) reported a stronger than expected 2Q20 driven by large increases in engagement across its family of properties. Social apps like Facebook and Instagram have seen a huge boost…
Alphabet (GOOG/GOOGL) reported a good quarter relative to expectations but saw more mixed fundamental trends than the other tech giants including its closest peer, Facebook. There was nothing wrong with…
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