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 10:00:282026-03-17 16:47:084Q25 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 09:00:182026-03-17 16:47:08Moving 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 08:55:562026-03-17 17:06:134Q25 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 09:00:112026-03-17 17:06:18Back 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 16:10:452026-03-17 17:06:23Shifting 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 16:29:152026-03-17 17:06:32Models 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 […]
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 16:32:552026-03-17 17:06:46Sticking with Mid Cap and Style Neutrality as Breadth Expansion Odds Improving
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 […]
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. […]