Alphabet (GOOG/GOOGL) reported strong 2Q19 results, with constant-currency revenue growth of 22% coming on the heels of a disappointing 1Q19 report. The reacceleration of revenue growth back above the crucial 20% bogey will help put to rest concerns that a secular slowdown at GOOGL has begun. Along with strong sales, GOOGL also reported better-than-expected profit […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2019-07-29 14:09:142019-07-29 14:09:14Revenue Growth Rebounds at Google
MGM Resorts (MGM) reported its best quarter since 2017 when releasing 2Q19 results. For the first time since the 10/1/17 shooting at Mandalay Bay, earnings estimates are likely to move up. Equally important, the conference call went very well. Management was focused, detailed, and confident in its outlook. In fact, the final analyst question concluded […]
You would not know it from the constant headlines about cord cutting but things are going quite well at Comcast. This is because the margins are not very good on cable video subscribers which are declining, while the margins are very good and getting better on broadband internet subscribers which are growing. Also growing with […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2019-07-25 19:20:132019-07-25 19:20:13The Formula is Working at Comcast
Facebook (FB) reported largely inline results in 2Q19 reinforcing that the company has weathered the storm surrounding the privacy issues that have plagued the stock since mid-2018. Revenue growth has decelerated and expenses are higher as management has signaled. However, in both cases the actual results have been better than expected from an investor perspective. […]
For the fifth consecutive month, there is no change to the recommendations from Northlake’s Market Cap and Style models for July. This is toward the top end of the range for recommendation stability across both models. The Market Cap model continues to recommend Mid Cap and the Style model still favors Growth. With no changes […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2019-07-01 15:25:372019-07-01 15:25:37Sticking with Mid Cap and Growth as Economic and Technical Evidence Align
There are no changes to the signals from Northlake’s Market Cap and Style models for June. The Market Cap model continues to recommend mid cap, now for the fourth consecutive month. The Style model remains on a growth signal, as it has been throughout 2019. With no changes for June, client positions following the models […]
Nexstar Media Group (NXST) reported solid 1Q19 earnings with all important metrics matching Wall Street expectations. Core advertising, retransmission fees, and profit margins all stayed on the recent positive trend. Advertising has improved since last fall providing a nice boost to investor confidence. Retransmission or subscription fees are now about half of revenues making NXST […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2019-05-17 19:35:112019-05-17 19:35:11Nexstar Preparing to Close Accretive Acquisition of Tribune
Thanks to the 2Q19 earnings report, for a brief stretch, focus on Disney (DIS) turned back to the fundamentals of their current operating businesses. It turns out the news is pretty good. Theme parks are performing very well with growth prospects soon to be supported by new attractions in Orlando and Southern California. The film […]
Despite reporting another solid quarter in line with Wall Street expectations, CBS shares remain in a tough spot. The shares trade at 9X 2019 estimated earnings, barely more than half of the market multiple. The overhanging issue, which has been so for over a year, is a potential merger with Viacom. More recently, the company […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2019-05-08 19:40:112019-05-08 19:40:11Still Pays to Wait on CBS
Activision Blizzard (ATVI) confirmed it is facing a transition year in 2019 with its 1Q19 earnings report and guidance update. First quarter earnings exceeded Wall Street expectations but management guided 2Q19 below current estimates and maintained full year guidance issued earlier this year. The combination of exiting the Destiny franchise, tough competition from free-to-play games, […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2019-05-03 19:06:412019-05-03 19:06:41Transition Year Underway at Activision Blizzard
Revenue Growth Rebounds at Google
Alphabet (GOOG/GOOGL) reported strong 2Q19 results, with constant-currency revenue growth of 22% coming on the heels of a disappointing 1Q19 report. The reacceleration of revenue growth back above the crucial 20% bogey will help put to rest concerns that a secular slowdown at GOOGL has begun. Along with strong sales, GOOGL also reported better-than-expected profit […]
MGM Fundamentals Resume Positive Trend
MGM Resorts (MGM) reported its best quarter since 2017 when releasing 2Q19 results. For the first time since the 10/1/17 shooting at Mandalay Bay, earnings estimates are likely to move up. Equally important, the conference call went very well. Management was focused, detailed, and confident in its outlook. In fact, the final analyst question concluded […]
The Formula is Working at Comcast
You would not know it from the constant headlines about cord cutting but things are going quite well at Comcast. This is because the margins are not very good on cable video subscribers which are declining, while the margins are very good and getting better on broadband internet subscribers which are growing. Also growing with […]
Facebook Sustains Growth Amid Controversies
Facebook (FB) reported largely inline results in 2Q19 reinforcing that the company has weathered the storm surrounding the privacy issues that have plagued the stock since mid-2018. Revenue growth has decelerated and expenses are higher as management has signaled. However, in both cases the actual results have been better than expected from an investor perspective. […]
Sticking with Mid Cap and Growth as Economic and Technical Evidence Align
For the fifth consecutive month, there is no change to the recommendations from Northlake’s Market Cap and Style models for July. This is toward the top end of the range for recommendation stability across both models. The Market Cap model continues to recommend Mid Cap and the Style model still favors Growth. With no changes […]
No Model Changes As Economic Growth Prospects Exert Influence
There are no changes to the signals from Northlake’s Market Cap and Style models for June. The Market Cap model continues to recommend mid cap, now for the fourth consecutive month. The Style model remains on a growth signal, as it has been throughout 2019. With no changes for June, client positions following the models […]
Nexstar Preparing to Close Accretive Acquisition of Tribune
Nexstar Media Group (NXST) reported solid 1Q19 earnings with all important metrics matching Wall Street expectations. Core advertising, retransmission fees, and profit margins all stayed on the recent positive trend. Advertising has improved since last fall providing a nice boost to investor confidence. Retransmission or subscription fees are now about half of revenues making NXST […]
Disney Transitioning to Direct-to-Consumer Future
Thanks to the 2Q19 earnings report, for a brief stretch, focus on Disney (DIS) turned back to the fundamentals of their current operating businesses. It turns out the news is pretty good. Theme parks are performing very well with growth prospects soon to be supported by new attractions in Orlando and Southern California. The film […]
Still Pays to Wait on CBS
Despite reporting another solid quarter in line with Wall Street expectations, CBS shares remain in a tough spot. The shares trade at 9X 2019 estimated earnings, barely more than half of the market multiple. The overhanging issue, which has been so for over a year, is a potential merger with Viacom. More recently, the company […]
Transition Year Underway at Activision Blizzard
Activision Blizzard (ATVI) confirmed it is facing a transition year in 2019 with its 1Q19 earnings report and guidance update. First quarter earnings exceeded Wall Street expectations but management guided 2Q19 below current estimates and maintained full year guidance issued earlier this year. The combination of exiting the Destiny franchise, tough competition from free-to-play games, […]