There are no changes to the signals from Northlake’s Market Cap and Style models for July. The Market Cap model is recommending large cap for the second consecutive month and the Style model favors large cap growth, as it has since November 2014. Given the latest model readings, Northlake client positions following the models will […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-07-01 16:09:382015-07-01 16:09:38Large Cap Holds for July and Growth Still Looks Strong
After six months favoring Mid Cap, Northlake’s Market Cap model shifted to a Large Cap recommendation for June. As a result, Northlake client positions held in the S&P 400 Mid Cap (MDY) were sold and the proceeds were reinvested in the S&P 500 (SPY). The Style model continues to recommend Growth over Value, as it […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-06-01 17:46:062015-06-01 17:46:06Swapping to Large Cap and Sticking with Growth
ATVI announced results that came in above street expectations on the top and bottom line, and raised full year guidance for both as well. The stock reacted positively and broke out of its recent trading range to the upside. ATVI continues to make progress transitioning their business model to focus on high-margin digital sales driving […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 19:28:262015-05-11 19:28:26Activision Benefits from Robust Product Pipeline, Shift to Digital
It was quarter at Liberty Media (LMCA/LMCK) and Liberty Broadband (LBRDA/LBRDK). This was no surprise at Media as the slimmed down company is mostly now just a holding company for its 58% stake in Sirius XM Satellite Radio (SIRI). SIRI had already reported a strong first quarter, including raising full year guidance on a number […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 19:18:472015-05-11 19:18:47Fairly Quiet at Liberty Media and Liberty Broadband
La Quinta Holdings (LQ) reported strong results for 1Q15, beating street expectations on revenue and adjusted EBITDA. LQ raised the low end of their adjusted EBITDA guidance, reflecting management’s confidence that results for the rest of the year will continue to be strong. Shares of LQ responded positively and reached a new 52-week high the […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 18:22:172015-05-11 18:22:17La Quinta Driving Towards Capital Returns
It is back to business as usual at Comcast (CMCSK) and investors have no reason to not like that. The now scuttled acquisition of Time Warner Cable is definitely a lost opportunity but Comcast retains many strengths. We always viewed the acquisition as a “nice to have” as opposed to a “need to have.” Comcast’s […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 18:10:552015-05-11 18:10:55Business as Usual is Good Business at Comcast
ClubCorp (MYCC) reported another boring but efficient quarter. Headline results were boosted by the acquisition of Sequoia Golf last year but growth in same club revenue of 2.8% and same club EBITDA of 8.6% were at least as good as expected. Membership also continues its steady march higher with consistent 1% gains annually. Northlake was […]
Disney (DIS) reported another great quarter, comfortably beating analyst estimates. The song remains much the same with the power of Disney’s content engine driving growth through the company’s theme parks, TV networks, consumer products, and film studio. With a seemingly can’t miss lineup of franchise films including Avengers, Star Wars, Ant Man, and two Pixar […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 16:08:022015-05-11 16:08:02Disney Remains Driven By Popular Content
Liberty Global (LBTYK) reported a sloppy set of 1Q15 results mostly explained by difficult comparison based on one-time items. Management reiterated all of its 2015 guidance for revenue, operating cash flow (OCF), free cash flow (FCF), and subscriber growth. Nevertheless, these results clipped the stock by 3% and it seems likely that the shares will […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-11 13:03:272015-05-11 13:03:27Transitional Quarter for Liberty Global
Northlake’s Market Cap and Style models are sticking with their recommendations of mid cap and large cap growth. As a result, client positions that follow the models will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWD) for at least another month. The Market Cap model moved very slightly […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-05-01 19:57:002015-05-01 19:57:00Mid Cap and Large Cap Growth Remain the Favorites
Large Cap Holds for July and Growth Still Looks Strong
There are no changes to the signals from Northlake’s Market Cap and Style models for July. The Market Cap model is recommending large cap for the second consecutive month and the Style model favors large cap growth, as it has since November 2014. Given the latest model readings, Northlake client positions following the models will […]
Swapping to Large Cap and Sticking with Growth
After six months favoring Mid Cap, Northlake’s Market Cap model shifted to a Large Cap recommendation for June. As a result, Northlake client positions held in the S&P 400 Mid Cap (MDY) were sold and the proceeds were reinvested in the S&P 500 (SPY). The Style model continues to recommend Growth over Value, as it […]
Activision Benefits from Robust Product Pipeline, Shift to Digital
ATVI announced results that came in above street expectations on the top and bottom line, and raised full year guidance for both as well. The stock reacted positively and broke out of its recent trading range to the upside. ATVI continues to make progress transitioning their business model to focus on high-margin digital sales driving […]
Fairly Quiet at Liberty Media and Liberty Broadband
It was quarter at Liberty Media (LMCA/LMCK) and Liberty Broadband (LBRDA/LBRDK). This was no surprise at Media as the slimmed down company is mostly now just a holding company for its 58% stake in Sirius XM Satellite Radio (SIRI). SIRI had already reported a strong first quarter, including raising full year guidance on a number […]
La Quinta Driving Towards Capital Returns
La Quinta Holdings (LQ) reported strong results for 1Q15, beating street expectations on revenue and adjusted EBITDA. LQ raised the low end of their adjusted EBITDA guidance, reflecting management’s confidence that results for the rest of the year will continue to be strong. Shares of LQ responded positively and reached a new 52-week high the […]
Business as Usual is Good Business at Comcast
It is back to business as usual at Comcast (CMCSK) and investors have no reason to not like that. The now scuttled acquisition of Time Warner Cable is definitely a lost opportunity but Comcast retains many strengths. We always viewed the acquisition as a “nice to have” as opposed to a “need to have.” Comcast’s […]
ClubCorp Acquistions Paying Off
ClubCorp (MYCC) reported another boring but efficient quarter. Headline results were boosted by the acquisition of Sequoia Golf last year but growth in same club revenue of 2.8% and same club EBITDA of 8.6% were at least as good as expected. Membership also continues its steady march higher with consistent 1% gains annually. Northlake was […]
Disney Remains Driven By Popular Content
Disney (DIS) reported another great quarter, comfortably beating analyst estimates. The song remains much the same with the power of Disney’s content engine driving growth through the company’s theme parks, TV networks, consumer products, and film studio. With a seemingly can’t miss lineup of franchise films including Avengers, Star Wars, Ant Man, and two Pixar […]
Transitional Quarter for Liberty Global
Liberty Global (LBTYK) reported a sloppy set of 1Q15 results mostly explained by difficult comparison based on one-time items. Management reiterated all of its 2015 guidance for revenue, operating cash flow (OCF), free cash flow (FCF), and subscriber growth. Nevertheless, these results clipped the stock by 3% and it seems likely that the shares will […]
Mid Cap and Large Cap Growth Remain the Favorites
Northlake’s Market Cap and Style models are sticking with their recommendations of mid cap and large cap growth. As a result, client positions that follow the models will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWD) for at least another month. The Market Cap model moved very slightly […]