Northlake’s Market Cap and Style models remain neutral on growth vs. value and favor mid cap for October. This means client portfolios using our model strategy will continue to own the S&P 400 Mid Cap (MDY), the Russell 1000 Growth (IWF), and the Russell 1000 Value (IWD) at least through October. Client accounts using Thematic […]
Northlake’s thematic models are recommending mid cap and neutrality on style again this month. Both calls were successful in August amid a pullback in the Mag 7 AI-driven trade and increased chances that the Fed begins cutting the Federal Funds Rate again in September. There will be no changes to model positions in client portfolios. […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-09-02 16:32:552026-02-06 16:33:23Sticking with Mid Cap and Style Neutrality as Breadth Expansion Odds Improving
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 […]
Northlake’s Style model is scaling back its pro-growth stance for August, moving from Growth to Neutral. Client strategies that follow our models will trim half of the Russell 1000 Growth (IWF) holding and reallocate the proceeds to the Russell 1000 Value (IWD). There is no change to the Market-Cap model, which continues to favor mid-cap […]
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 […]
Northlake’s Market model is switching its recommendation from large cap to mid cap for July. As a result of this change, for client strategies that use Northlake’s models, we are swapping current positions in the S&P 500 (SPY) to the S&P 400 Mid Cap (MDY). There are no changes to the growth recommendation from the […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-07-01 16:15:402026-02-06 16:16:23Shifting to Mid Cap Amid Resilient Economy and Good Market Breadth
Northlake’s thematic model recommendations remain unchanged for June. The Market Cap model favors large cap for the 5th consecutive month. The Style model is recommending growth again after flipping from neutral at the start of May. Client accounts that use Northlake’s models will continue to hold the S&P 500 (SPY) and the Russell 1000 Growth […]
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 […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-05-02 15:32:152026-02-06 15:34:461Q25 Earnings Updates: Part Two – Apple, Disney, Nexstar, Sony, Walmart, and Home Depot
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 […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-05-02 15:22:452026-02-06 15:34:581Q25 Earnings Updates: Part One – IBM, GOOG, TMUS, META, and VICI
Stability in Models Amid Improved but Volatile Breadth
Northlake’s Market Cap and Style models remain neutral on growth vs. value and favor mid cap for October. This means client portfolios using our model strategy will continue to own the S&P 400 Mid Cap (MDY), the Russell 1000 Growth (IWF), and the Russell 1000 Value (IWD) at least through October. Client accounts using Thematic […]
Sticking with Mid Cap and Style Neutrality as Breadth Expansion Odds Improving
Northlake’s thematic models are recommending mid cap and neutrality on style again this month. Both calls were successful in August amid a pullback in the Mag 7 AI-driven trade and increased chances that the Fed begins cutting the Federal Funds Rate again in September. There will be no changes to model positions in client portfolios. […]
NL EPS Part Two: DIS, SONY, LLY, NXST, HD, and WMT
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 […]
Growth Rally Cools: Style Model Slides to Neutral
Northlake’s Style model is scaling back its pro-growth stance for August, moving from Growth to Neutral. Client strategies that follow our models will trim half of the Russell 1000 Growth (IWF) holding and reallocate the proceeds to the Russell 1000 Value (IWD). There is no change to the Market-Cap model, which continues to favor mid-cap […]
2Q25 Earnings Updates: Part One – GOOG, IBM, TMUS, META, VICI, and AAPL
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 […]
Shifting to Mid Cap Amid Resilient Economy and Good Market Breadth
Northlake’s Market model is switching its recommendation from large cap to mid cap for July. As a result of this change, for client strategies that use Northlake’s models, we are swapping current positions in the S&P 500 (SPY) to the S&P 400 Mid Cap (MDY). There are no changes to the growth recommendation from the […]
Large Cap Growth Reasserts Leadership – Northlake’s Models Agree
Northlake’s thematic model recommendations remain unchanged for June. The Market Cap model favors large cap for the 5th consecutive month. The Style model is recommending growth again after flipping from neutral at the start of May. Client accounts that use Northlake’s models will continue to hold the S&P 500 (SPY) and the Russell 1000 Growth […]
Eli Lilly Joins Northlake’s Widely Held Stock Portfolio
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 […]
1Q25 Earnings Updates: Part Two – Apple, Disney, Nexstar, Sony, Walmart, and Home Depot
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 […]
1Q25 Earnings Updates: Part One – IBM, GOOG, TMUS, META, and VICI
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 […]