Mid Cap and Growth continue to be the favored themes at Northlake Capital Management, LLC. The latest model signals for December showed some underlying but not enough to shift the signals. As a result, for at least another month, Northlake clients using the models will continue to own the S&P 400 Mid Cap (MDY) and […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-12-05 11:22:092011-12-05 11:22:09December Sticks With Mid Cap and Growth
Two transactions have occurred in Northlake client accounts as of this morning. Last week, shares of Qualcomm (QCOM) were purchased as a new investment idea. More on QCOM in a moment. Today, a merger concluded between Liberty Capital (LCAPA) and Liberty Starz (LSTZA). The new Liberty Media will trade as LMCA. As of this morning, […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-29 07:57:262011-11-29 07:57:26New Liberty Media and Qualcomm
Media stocks finally caught a bid late last week coinciding with the final set of earnings reports from the group. Viacom, AMC Networks, and Disney each reported solid results and indicated current, positive trends remained largely intact. The Street remains very worried about the advertising outlook despite the positive tone of management comments. It seems […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-16 09:57:572011-11-16 09:57:57Where I Stand on Media Stocks
Given the increased importance of macro issues on the stock market and record high correlations among individual stocks, I am expanding media company earnings analysis this quarter to touch on all companies and major trends, not just Northlake positions. Media earnings season continues to roll along. The message so far is that media fundamentals are […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-07 09:10:122011-11-07 09:10:12CBS Leads More Solid Media Results
There are no changes to Northlake’s Market Cap and Style models for November. Mid Cap and Growth remain the favored themes. As a result, client positions dedicated to these models and currently invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF) will be maintained for at least another month. For […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-02 15:32:532011-11-02 15:32:53Growth and Mid Cap Continue To Be Favored
Given the increased importance of macro issues on the stock market and record high correlations among individual stocks, I am expanding media company earnings analysis this quarter to touch on all companies and major trends, not just Northlake positions. Several important media companies reported earnings since yesterday’s close, kicking off about a dozen reports from […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-11-02 14:05:002011-11-02 14:05:00Discovery Leads Solid Media Earnings But Virgin Media Mixed
Yesterday, I wrote in a preview of Apple’s earnings for Wall Street All-Stars and Minyanville that the company needed to report over $8.25 in earnings with good guidance for the stock to respond positively in the very short-term. Consensus EPS was for $7.30. Honestly, I never even considered the possibility that the company would miss […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-10-19 12:18:442011-10-19 12:18:44Less Shiny Apple Near-Term, Long-Term Still Golden Delicious
Google (GOOG) reported better than expected third quarter earnings of $9.72. Consensus was $8.74. Revenue growth of 33% slightly exceeded consensus estimates. The EPS beat was helped by other income, foreign exchange, and a lower than expected tax rate but this quarter revealed again that GOOG’s core organic growth is not slowing down. Given the […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-10-16 17:43:292011-10-16 17:43:29Google Still Looking Good
There are no changes to Northlake’s Market Cap and Style models for October. The signals continue to favor Mid Cap and Growth. Underlying indicator movement was modest with a slight shift toward large cap and further movement toward what is now a solid growth signal. With no changes for October, Northlaake clients portfolios will continue […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-10-05 09:29:042011-10-05 09:29:04Mid Cap Survives Another Month as U.S. Economic Data is Mixed
Despite lots of volatility in the stock market and the factors underlying Northlake’s Market Cap and Style models, there were no changes to the signals for September. The Market Cap model is still signaling Mid Cap and the Style model remains in Growth mode. As a result of the latest signals, Northlake client positions in […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2011-09-02 11:36:512011-09-02 11:36:51Markets and Models are Volatile but Growth and Mid Caps Still Favored
December Sticks With Mid Cap and Growth
Mid Cap and Growth continue to be the favored themes at Northlake Capital Management, LLC. The latest model signals for December showed some underlying but not enough to shift the signals. As a result, for at least another month, Northlake clients using the models will continue to own the S&P 400 Mid Cap (MDY) and […]
New Liberty Media and Qualcomm
Two transactions have occurred in Northlake client accounts as of this morning. Last week, shares of Qualcomm (QCOM) were purchased as a new investment idea. More on QCOM in a moment. Today, a merger concluded between Liberty Capital (LCAPA) and Liberty Starz (LSTZA). The new Liberty Media will trade as LMCA. As of this morning, […]
Where I Stand on Media Stocks
Media stocks finally caught a bid late last week coinciding with the final set of earnings reports from the group. Viacom, AMC Networks, and Disney each reported solid results and indicated current, positive trends remained largely intact. The Street remains very worried about the advertising outlook despite the positive tone of management comments. It seems […]
CBS Leads More Solid Media Results
Given the increased importance of macro issues on the stock market and record high correlations among individual stocks, I am expanding media company earnings analysis this quarter to touch on all companies and major trends, not just Northlake positions. Media earnings season continues to roll along. The message so far is that media fundamentals are […]
Growth and Mid Cap Continue To Be Favored
There are no changes to Northlake’s Market Cap and Style models for November. Mid Cap and Growth remain the favored themes. As a result, client positions dedicated to these models and currently invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF) will be maintained for at least another month. For […]
Discovery Leads Solid Media Earnings But Virgin Media Mixed
Given the increased importance of macro issues on the stock market and record high correlations among individual stocks, I am expanding media company earnings analysis this quarter to touch on all companies and major trends, not just Northlake positions. Several important media companies reported earnings since yesterday’s close, kicking off about a dozen reports from […]
Less Shiny Apple Near-Term, Long-Term Still Golden Delicious
Yesterday, I wrote in a preview of Apple’s earnings for Wall Street All-Stars and Minyanville that the company needed to report over $8.25 in earnings with good guidance for the stock to respond positively in the very short-term. Consensus EPS was for $7.30. Honestly, I never even considered the possibility that the company would miss […]
Google Still Looking Good
Google (GOOG) reported better than expected third quarter earnings of $9.72. Consensus was $8.74. Revenue growth of 33% slightly exceeded consensus estimates. The EPS beat was helped by other income, foreign exchange, and a lower than expected tax rate but this quarter revealed again that GOOG’s core organic growth is not slowing down. Given the […]
Mid Cap Survives Another Month as U.S. Economic Data is Mixed
There are no changes to Northlake’s Market Cap and Style models for October. The signals continue to favor Mid Cap and Growth. Underlying indicator movement was modest with a slight shift toward large cap and further movement toward what is now a solid growth signal. With no changes for October, Northlaake clients portfolios will continue […]
Markets and Models are Volatile but Growth and Mid Caps Still Favored
Despite lots of volatility in the stock market and the factors underlying Northlake’s Market Cap and Style models, there were no changes to the signals for September. The Market Cap model is still signaling Mid Cap and the Style model remains in Growth mode. As a result of the latest signals, Northlake client positions in […]