There are no changes to the recommendations from Northlake’s Market Cap and Style models for November. Mid Cap and Large Cap growth remain the favored themes. As a result, client assets invested in the models will continue to be held in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF) for at […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-11-02 17:26:322015-11-02 17:26:32Underlying Shifts Large But Mid Cap and Growth Survive Another Month
Northlake clients have owned Apple (AAPL) since early 2005, a period now covering over 40 quarterly earnings reports and conference calls. The most recent report and quarter ahead guidance issued earlier this week was the closest match to Wall Street estimates so far. Granted when Tim Cook took over as CEO, the company changed its […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-10-29 20:05:172015-10-29 20:05:17Boring Apple Quarter Good Enough For Now
Hilton Worldwide (HLT) and La Quinta Holdings (LQ) reported 3Q earnings in line with current expectations. HLT expectations had come in slightly as concerns about the health of the lodging industry grew over the summer and early fall. HLT’s results were fairly good against the lowered expectations and the company’s growth profile appears to be […]
Comcast (CMCSK) reported results right in line with Wall Street expectations for 3Q15. Revenues grew 11% and Operating Cash Flow gained 8.4%. CMCSK is really two entities, the core Comcast Cable business now operated under the Xfinity brand, and the entertainment businesses operated at NBC Universal. NBCU consists of the NBC TV Network, cable TV […]
Alphabet (formerly known as Google and still trading as GOOG/GOOGL) reported good results in 3Q15. This marks the second consecutive quarter that the company has beaten Wall Street expectations after a string of slightly disappointing results. The shares responded, rising from $500-550 for much of the first half of the year to over $700 today. […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-10-23 19:03:152015-10-23 19:03:15Strong Results from Alphabet: G is for Growth, Google
ClubCorp (MYCC) reported earnings largely in line with management forecasts although a bit below more optimistic analyst estimates. Revenues are tracking perfectly for 2015 but operating margins are a bit light as improved profitability at the large Sequoia golf acquisition is bit behind schedule. Nothing in the story has changed at all. MYCC is on […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-10-16 20:03:412015-10-16 20:03:41ClubCorp Remains On Par Despite a Few Missed Putts
There are no changes to the signals from Northlake’s Market Cap and Style models for October. For the third consecutive month, the Market Cap model continues to favor Mid Cap. As it has since November 2014, the Style model is recommending Large Cap Growth. With no changes to the model recommendations for October, Northlake client […]
We recently sold La Quinta Holdings (LQ) in all taxable accounts and reinvested the proceeds in Hilton (HLT). This swap was done to capture the loss in LQ to reduce the amount of realized gains for Northlake’s taxable investors without giving up any upside. We see equal potential in LQ and HLT, and we believe […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2015-09-03 16:12:542015-09-03 16:12:54Swapping from La Quinta to Hilton in Taxable Accounts
There are no changes to the recommendations from Northlake’s Market Cap and Style models for the month of September. Mid Cap and Growth continue as the favored themes. As a result, current client positions that follow the models will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF). The […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-09-01 18:46:292015-09-01 18:46:29Mid Cap and Growth Hold Firm Amid Correction
ClubCorp (MYCC) reported second quarter results that show our investment thesis is on track. MYCC reaffirmed their full year guidance. Same store sales and EBITDA continue to grow steadily as MYCC invests in club reinventions. Recent acquisitions are driving more dramatic growth on the top and bottom line, and cost synergies have met expectations. MYCC […]
Underlying Shifts Large But Mid Cap and Growth Survive Another Month
There are no changes to the recommendations from Northlake’s Market Cap and Style models for November. Mid Cap and Large Cap growth remain the favored themes. As a result, client assets invested in the models will continue to be held in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF) for at […]
Boring Apple Quarter Good Enough For Now
Northlake clients have owned Apple (AAPL) since early 2005, a period now covering over 40 quarterly earnings reports and conference calls. The most recent report and quarter ahead guidance issued earlier this week was the closest match to Wall Street estimates so far. Granted when Tim Cook took over as CEO, the company changed its […]
Holding Hilton, Selling La Quinta Amid Lodging Challenges
Hilton Worldwide (HLT) and La Quinta Holdings (LQ) reported 3Q earnings in line with current expectations. HLT expectations had come in slightly as concerns about the health of the lodging industry grew over the summer and early fall. HLT’s results were fairly good against the lowered expectations and the company’s growth profile appears to be […]
Despite Worries, Comcast Remains on Solid Ground
Comcast (CMCSK) reported results right in line with Wall Street expectations for 3Q15. Revenues grew 11% and Operating Cash Flow gained 8.4%. CMCSK is really two entities, the core Comcast Cable business now operated under the Xfinity brand, and the entertainment businesses operated at NBC Universal. NBCU consists of the NBC TV Network, cable TV […]
Strong Results from Alphabet: G is for Growth, Google
Alphabet (formerly known as Google and still trading as GOOG/GOOGL) reported good results in 3Q15. This marks the second consecutive quarter that the company has beaten Wall Street expectations after a string of slightly disappointing results. The shares responded, rising from $500-550 for much of the first half of the year to over $700 today. […]
ClubCorp Remains On Par Despite a Few Missed Putts
ClubCorp (MYCC) reported earnings largely in line with management forecasts although a bit below more optimistic analyst estimates. Revenues are tracking perfectly for 2015 but operating margins are a bit light as improved profitability at the large Sequoia golf acquisition is bit behind schedule. Nothing in the story has changed at all. MYCC is on […]
No Change to Model Signals Despite Market Volatility
There are no changes to the signals from Northlake’s Market Cap and Style models for October. For the third consecutive month, the Market Cap model continues to favor Mid Cap. As it has since November 2014, the Style model is recommending Large Cap Growth. With no changes to the model recommendations for October, Northlake client […]
Swapping from La Quinta to Hilton in Taxable Accounts
We recently sold La Quinta Holdings (LQ) in all taxable accounts and reinvested the proceeds in Hilton (HLT). This swap was done to capture the loss in LQ to reduce the amount of realized gains for Northlake’s taxable investors without giving up any upside. We see equal potential in LQ and HLT, and we believe […]
Mid Cap and Growth Hold Firm Amid Correction
There are no changes to the recommendations from Northlake’s Market Cap and Style models for the month of September. Mid Cap and Growth continue as the favored themes. As a result, current client positions that follow the models will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF). The […]
ClubCorp On Track Despite Challenges
ClubCorp (MYCC) reported second quarter results that show our investment thesis is on track. MYCC reaffirmed their full year guidance. Same store sales and EBITDA continue to grow steadily as MYCC invests in club reinventions. Recent acquisitions are driving more dramatic growth on the top and bottom line, and cost synergies have met expectations. MYCC […]