Northlake’s Market Cap model flipped from Mid Cap to Large Cap for February. As a result, client positions in mid cap were sold and the proceeds reinvested into the large cap S&P 500 (SPY). Current mid cap positions that were sold included both the S&P 400 Mid Cap SPDR (MDY) and the iShares S&P 400 […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-02-01 17:41:542026-03-17 16:52:57New Large Cap Signal for February as Growth Stays Ascendant
Apple reported December quarter results in line with recently lowered Wall Street expectations. A much greater focus for investors was guidance for the current quarter. Apple released guidance that was below Wall Street analyst estimates but similar to the much lower expectations held by large investors like hedge funds and mutual funds. It is not […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-01-27 18:34:052026-03-17 16:52:57Have Apple Shares Fully Reset for No Growth 2016?
Northlake’s Style model flipped back growth to start 2016 after spending just one month at neutral to end 2015. As a result, client positions in the Russell 1000 Value (IWD) were sold and proceeds reinvested in the Russell 1000 Growth (IWF). There is no change to the mid cap recommendation for the Market Cap model. […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2016-01-04 17:30:592026-03-17 16:52:57Mid Cap and Growth Favored to Start the New Year
Northlake’s Style model shifted from favoring growth to a neutral reading for December. As a result, one half of client positions in the Russell 1000 Growth (IWF) were sold and the proceeds were reinvested into the Russell 1000 Value (IWD). The Market Cap model is still recommending mid cap for December. Therefore, client positions in […]
CBS reported a mixed quarter against low expectations. The highlight of the quarter is the company is returning to growth on the operating income line with a big accelerating ahead on 2016 on the back of political advertising. CBS shares have perfomed poorly this year as earnings estimates moved steadily lower. At one point, Northlake […]
Disney (DIS) reported better than expected 4Q15 earnings, a great relief to investors following the controversial 3Q 15 report in August that send DIS and other media stocks into a spiral of declines ranging from 20-30% in just a few weeks. The issue in August was a lowering of guidance due to foreign currency hedges […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-11-10 19:44:432026-03-17 16:52:57Disney Reassures with Good Quarter and Commentary
It was a quiet quarter for the Liberty Media family of companies owned in Northlake client portfolios. We could get some fresh news on these event driven stocks later this week when Liberty hosts its annual analyst meeting in New York. We will be attending this year. Liberty Media (LMCA) remains tied to its 60% […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-11-09 20:23:492026-03-17 16:52:57All Quiet On Liberty Front For Now
Activision Blizzard (ATVI) announced strong quarterly results that beat street estimates on sales and earnings per share while raising full year guidance. The updated full year guidance is slightly below street consensus estimates, but seems understandably conservative ahead of ATVI’s launch of the next iteration of their most important franchise, Call of Duty: Black Ops […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-11-03 20:42:542026-03-17 16:52:57Activision: The New KING of Mobile
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 17:26:322026-03-17 16:52:57Underlying 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 20:05:172026-03-17 16:52:57Boring Apple Quarter Good Enough For Now
New Large Cap Signal for February as Growth Stays Ascendant
Northlake’s Market Cap model flipped from Mid Cap to Large Cap for February. As a result, client positions in mid cap were sold and the proceeds reinvested into the large cap S&P 500 (SPY). Current mid cap positions that were sold included both the S&P 400 Mid Cap SPDR (MDY) and the iShares S&P 400 […]
Have Apple Shares Fully Reset for No Growth 2016?
Apple reported December quarter results in line with recently lowered Wall Street expectations. A much greater focus for investors was guidance for the current quarter. Apple released guidance that was below Wall Street analyst estimates but similar to the much lower expectations held by large investors like hedge funds and mutual funds. It is not […]
Mid Cap and Growth Favored to Start the New Year
Northlake’s Style model flipped back growth to start 2016 after spending just one month at neutral to end 2015. As a result, client positions in the Russell 1000 Value (IWD) were sold and proceeds reinvested in the Russell 1000 Growth (IWF). There is no change to the mid cap recommendation for the Market Cap model. […]
Style Shifts to Neutral
Northlake’s Style model shifted from favoring growth to a neutral reading for December. As a result, one half of client positions in the Russell 1000 Growth (IWF) were sold and the proceeds were reinvested into the Russell 1000 Value (IWD). The Market Cap model is still recommending mid cap for December. Therefore, client positions in […]
After Rough Stretch CBS Stabilizing
CBS reported a mixed quarter against low expectations. The highlight of the quarter is the company is returning to growth on the operating income line with a big accelerating ahead on 2016 on the back of political advertising. CBS shares have perfomed poorly this year as earnings estimates moved steadily lower. At one point, Northlake […]
Disney Reassures with Good Quarter and Commentary
Disney (DIS) reported better than expected 4Q15 earnings, a great relief to investors following the controversial 3Q 15 report in August that send DIS and other media stocks into a spiral of declines ranging from 20-30% in just a few weeks. The issue in August was a lowering of guidance due to foreign currency hedges […]
All Quiet On Liberty Front For Now
It was a quiet quarter for the Liberty Media family of companies owned in Northlake client portfolios. We could get some fresh news on these event driven stocks later this week when Liberty hosts its annual analyst meeting in New York. We will be attending this year. Liberty Media (LMCA) remains tied to its 60% […]
Activision: The New KING of Mobile
Activision Blizzard (ATVI) announced strong quarterly results that beat street estimates on sales and earnings per share while raising full year guidance. The updated full year guidance is slightly below street consensus estimates, but seems understandably conservative ahead of ATVI’s launch of the next iteration of their most important franchise, Call of Duty: Black Ops […]
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 […]