We have been wrong on Liberty Global (LBTYK) for more than two years. The shares peaked at over $50 in 2015 and now sit at $30. The $50 price was fed by takeover speculation but even so the shares have vastly underperformed a bull market. The shares have still returned over 50% from our original […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-11-06 20:26:102017-11-06 20:26:10Further Improvement at Liberty Global
Apple (AAPL) reported good September quarter earnings driven by better than expected revenue everywhere but iPhones. Profit margins were a little light driven by the mix shift away from iPhones. A lower tax rate assisted the revenue upside to produce EPS about 10% ahead of consensus estimates. The critically important guidance for the holiday quarter […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-11-06 19:10:172017-11-06 19:10:17Accelerating Growth at Apple
Northlake’s Market Cap shifted to small cap for November. The Style model still recommends growth. Given these fresh signals, client positions following the Market Cap model will sell holdings in the S&P 400 Mid Cap (MDY) and purchase the Russell 2000 (IWM). Although the growth signal is unchanged, the shift to small cap in the […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-11-01 14:50:312017-11-01 14:50:31Shifting to Small Cap for November
Alphabet (GOOG/GOOGL) reported better than expected 3Q17 results. Sales were up 24% compared to 3Q16, accelerating from 21% year-over-year growth last quarter. Earnings per share were almost 15% above expectations, partially boosted by a favorable tax rate. Mobile search advertising, YouTube, and cloud computing each contributed to the strong results. GOOG grew advertising revenue by […]
Comcast (CMCSA) reported in line results for 3Q17 although admittedly expectations on subscriber metrics had been reduced after the company adjusted its guidance. Financial results matched initial expectations and were never adjusted lower despite the lower subscriber counts. Comcast shares fell 15% from all-time highs since the company announced in September that they would lose […]
Sherwin Williams (SHW) has been added to Northlake’s individual stock portfolio. SHW is the type of high quality, long-term growth company we prioritize. The company is in the process of integrating the acquisition of Valspar. We have been awaiting more clarity on progress of the integration and an updated multiyear outlook to confirm our bullish […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-10-03 16:35:082017-10-03 16:35:08Painting Profits with Sherwin Williams
Each of Northlake’s models flashed a new signal for October. The Market Cap model shifts from large cap to mid cap after four months favoring large cap. The Style model moves to growth after two consecutive months at value. In response to the new signals, client positions following the models that owned the S&P 500 […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-10-02 15:30:112017-10-02 15:30:11Shift to Mid Cap and Growth for October
There are no changes to the signals from Northlake’s Market Cap and Style models for September. The Market Cap model is recommending large cap for the fourth straight month, while the new neutral signal generated last month by the Style model stays in place. As a result of the latest model update, clients will continue […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-09-01 15:03:542017-09-01 15:03:54No Changes to Market Cap and Style Model for September
Two years ago, in August 2015, Disney (DIS) set off the angst that has troubled traditional media stocks since by admitting to larger than expected subscriber losses at ESPN. We refer to August 2015 as the Media Meltdown. This May, another round of media companies created a smaller, mirror image decline in media stocks, this […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-08-14 14:40:302017-08-14 14:40:30Positioned for Success at CBS
Liberty Global (LBTYK) showed progress in 2Q17 after a disappointing 1Q that was accompanied by lowered 2017 guidance and a major reset and management change related to its UK buildout known as Project Lightning. 2Q17 was mixed for LBYTK with rebased revenues a bit below reduced expectations, new subscriber additions below expectations, and operating cash […]
Further Improvement at Liberty Global
We have been wrong on Liberty Global (LBTYK) for more than two years. The shares peaked at over $50 in 2015 and now sit at $30. The $50 price was fed by takeover speculation but even so the shares have vastly underperformed a bull market. The shares have still returned over 50% from our original […]
Accelerating Growth at Apple
Apple (AAPL) reported good September quarter earnings driven by better than expected revenue everywhere but iPhones. Profit margins were a little light driven by the mix shift away from iPhones. A lower tax rate assisted the revenue upside to produce EPS about 10% ahead of consensus estimates. The critically important guidance for the holiday quarter […]
Shifting to Small Cap for November
Northlake’s Market Cap shifted to small cap for November. The Style model still recommends growth. Given these fresh signals, client positions following the Market Cap model will sell holdings in the S&P 400 Mid Cap (MDY) and purchase the Russell 2000 (IWM). Although the growth signal is unchanged, the shift to small cap in the […]
Alphabet Delivers Accelerating Growth
Alphabet (GOOG/GOOGL) reported better than expected 3Q17 results. Sales were up 24% compared to 3Q16, accelerating from 21% year-over-year growth last quarter. Earnings per share were almost 15% above expectations, partially boosted by a favorable tax rate. Mobile search advertising, YouTube, and cloud computing each contributed to the strong results. GOOG grew advertising revenue by […]
Comcast Posts Solid Results Despite Increased Competition
Comcast (CMCSA) reported in line results for 3Q17 although admittedly expectations on subscriber metrics had been reduced after the company adjusted its guidance. Financial results matched initial expectations and were never adjusted lower despite the lower subscriber counts. Comcast shares fell 15% from all-time highs since the company announced in September that they would lose […]
Painting Profits with Sherwin Williams
Sherwin Williams (SHW) has been added to Northlake’s individual stock portfolio. SHW is the type of high quality, long-term growth company we prioritize. The company is in the process of integrating the acquisition of Valspar. We have been awaiting more clarity on progress of the integration and an updated multiyear outlook to confirm our bullish […]
Shift to Mid Cap and Growth for October
Each of Northlake’s models flashed a new signal for October. The Market Cap model shifts from large cap to mid cap after four months favoring large cap. The Style model moves to growth after two consecutive months at value. In response to the new signals, client positions following the models that owned the S&P 500 […]
No Changes to Market Cap and Style Model for September
There are no changes to the signals from Northlake’s Market Cap and Style models for September. The Market Cap model is recommending large cap for the fourth straight month, while the new neutral signal generated last month by the Style model stays in place. As a result of the latest model update, clients will continue […]
Positioned for Success at CBS
Two years ago, in August 2015, Disney (DIS) set off the angst that has troubled traditional media stocks since by admitting to larger than expected subscriber losses at ESPN. We refer to August 2015 as the Media Meltdown. This May, another round of media companies created a smaller, mirror image decline in media stocks, this […]
Liberty Global Restoring Management Credibility
Liberty Global (LBTYK) showed progress in 2Q17 after a disappointing 1Q that was accompanied by lowered 2017 guidance and a major reset and management change related to its UK buildout known as Project Lightning. 2Q17 was mixed for LBYTK with rebased revenues a bit below reduced expectations, new subscriber additions below expectations, and operating cash […]