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
Northlake’s Style model is recommending Growth again after two months with a neutral signal. The model is picking up on risks to the economic outlook caused by the chaotic implantation of large tariffs on friends and foes alike. Soft data based on surveys of businesses and consumers already reflect heightened recession risk. Economic data releases […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-05-01 16:27:332026-02-06 16:27:56Shifting Back to Growth as Economic Outlook Weakens
There are no changes to the recommendations from Northlake’s Market Cap and Style models for April. The Market Cap model continues to favor large cap and the Style model remains neutral on growth vs. value. We will not make any changes to client positions that follow our models and will hold the S&P 500 (SPY), […]
After two months favoring growth, Northlake’s Style model shifted back to neutral for March. There is no change to the large cap signal from the Market Cap model that went into effect at the beginning of January. As a result of the new Style model signal, clients using Northlake’s model strategy will see half of […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-03-03 16:26:102026-02-06 16:26:39Back to Neutral on Style Amid Stock Market and Economic Data Volatility
Alphabet (GOOG/GOOGL): GOOG reported mixed results and guidance for 4Q24 and 1Q25 relative to Wall Street and expectations. The shares dipped about 7% in response but remain up about 1% this year after gaining 14% in 4Q24 and 35% last year. 4Q results were strong and exceeded expectations in the advertising-supported business at Search and […]
Northlake’s Market Cap model flipped from mid cap to large cap for February. The model is picking up the potential for slowing economic growth and higher inflation from policies being put in place by the new administration. Either of these outcomes for the economy historically have led small and mid-cap stocks to underperform large cap. […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-02-13 16:13:462026-02-06 16:14:29Back to Large Cap as Trump Volatility Risk Rises
T Mobile USA (TMUS): We were a little nervous about TMUS heading into the company’s 4Q24 earnings report. Growth has slowed modestly, while AT&T and Verizon have seen improved growth. TMUS has been a great stock performer on a consistent trend of better-than-expected subscriber, revenue, operating profit, and free cash flow growth. In early December, […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2025-01-06 15:56:462026-02-06 15:57:424Q24 Earnings Updates: Part One – TMUS, IBM, META, and AAPL
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 […]
Shifting Back to Growth as Economic Outlook Weakens
Northlake’s Style model is recommending Growth again after two months with a neutral signal. The model is picking up on risks to the economic outlook caused by the chaotic implantation of large tariffs on friends and foes alike. Soft data based on surveys of businesses and consumers already reflect heightened recession risk. Economic data releases […]
No Changes to Northlake’s Models Amid Policy Change and Uncertainty
There are no changes to the recommendations from Northlake’s Market Cap and Style models for April. The Market Cap model continues to favor large cap and the Style model remains neutral on growth vs. value. We will not make any changes to client positions that follow our models and will hold the S&P 500 (SPY), […]
Back to Neutral on Style Amid Stock Market and Economic Data Volatility
After two months favoring growth, Northlake’s Style model shifted back to neutral for March. There is no change to the large cap signal from the Market Cap model that went into effect at the beginning of January. As a result of the new Style model signal, clients using Northlake’s model strategy will see half of […]
4Q24 Earnings Updates: Part Two – GOOG, DIS, SONY, WMT, VICI, HD, and NXST
Alphabet (GOOG/GOOGL): GOOG reported mixed results and guidance for 4Q24 and 1Q25 relative to Wall Street and expectations. The shares dipped about 7% in response but remain up about 1% this year after gaining 14% in 4Q24 and 35% last year. 4Q results were strong and exceeded expectations in the advertising-supported business at Search and […]
Back to Large Cap as Trump Volatility Risk Rises
Northlake’s Market Cap model flipped from mid cap to large cap for February. The model is picking up the potential for slowing economic growth and higher inflation from policies being put in place by the new administration. Either of these outcomes for the economy historically have led small and mid-cap stocks to underperform large cap. […]
4Q24 Earnings Updates: Part One – TMUS, IBM, META, and AAPL
T Mobile USA (TMUS): We were a little nervous about TMUS heading into the company’s 4Q24 earnings report. Growth has slowed modestly, while AT&T and Verizon have seen improved growth. TMUS has been a great stock performer on a consistent trend of better-than-expected subscriber, revenue, operating profit, and free cash flow growth. In early December, […]