Apple reported another great quarter. Below are the “tweets” I posted on Twitter as I as updating my spreadsheet model and listening to the conference call. For Apple, I continue to find that my first impressions are the most valuable so the Twitter comments capture my thinking well. That said, after reading post call commentary […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-07-21 08:58:562026-03-17 16:55:37Demand for Apple Products Supports Plenty of Upside for Apple Shares
Earnings season is off to a rough start as far as stock prices go. Some stocks gap higher on good numbers but can’t hold the gains (Intel). Some stocks have mixed results and get smacked (GOOG and the big banks). Some stocks miss and get smoked (MAT) and others beat and get sold (HAS). The […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-07-19 15:34:102026-03-17 16:55:37Early 2Q Earnings: Stocks Being Sold But Hopeful Signs for Media
Google (GOOG) is trading down over 5% in a weak market (S&P down 2.2%) after reporting mixed 2Q10 results. The stock has given up most its gains in the past two weeks since the company received a new license to operate in China. GOOG reported EPS of $6.45 on revenues of $5.1 billion net of […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-07-16 11:21:462026-03-17 16:55:37Mixed Quarter from Google Obscures Value and Growth Profile
Northlake’s Market Cap model shifted from small cap to mid cap for July, ending a five month run favoring the small company theme. As a result of the shift, all Northlake client assets invested in the Market Cap model have sold IWM and purchased the S&P 400 Mid Cap (MDY). There was no change to […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-07-01 14:38:322026-03-17 16:55:37Moving to Mid Cap for July
A few months ago I swapped all Northlake client holdings in Discovery Communications voting shares (DISCA) into Discovery Communications non-voting shares. At the time the voting shares were trading at a $4.23 premium to the non-voting shares. Last week, the spread ballooned to almost $7 when it was announced that DISCA would enter the Russell […]
May’s sharp market correction caused a lot of underlying movement in Northlake’s Market Cap and Style models but not enough to change the signals for June. The Market Cap model continues to signal small cap and the Style model remains favoring value. As a result, Northlake client positions dedicated the Core and Explore strategy will […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-06-02 10:34:112026-03-17 16:55:37Lots of Movement for June But Still Favor Small Cap and Value
One of the oddities in specializing in media stocks is that most all of the companies report quarterly earnings within a tight two week window including the last week of the first month of the new quarter and the first week of the second month. This quarter media earnings season overlapped with two trips to […]
The latest signals from Northlake’s Market Cap and Style models once again are unchanged. For May, the Market Cap model still favors small cap and the Style model remains in value mode. Northlake client positions dedicated to the models will remain invested in the Russell 2000 (IWM) for small cap and the Russell 1000 Value […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-05-04 09:53:252026-03-17 16:55:37Another Month at Small Cap and Value on Tap for May
Below are my Twitter comments in chronological order as I was listening to the Apple conference call. I find these initial reaction comments, which for most companies are handwritten notes, are usually my best analysis. Gut reaction plus objective analysis is reliable. Or to put it another way, I like to keep it simple and […]
https://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2010-04-21 08:29:082026-03-17 16:55:37All Good at Apple. Again.
Even before the Goldman Sachs related market meltdown, Google shares were down 5% following the company’s 1Q10 earnings report after the close on Thursday. Most all of the many headline numbers regularly provided by Google met or slightly exceeded expectations. However, the upside was minor and there were a few blemishes. The upside was mainly […]
Demand for Apple Products Supports Plenty of Upside for Apple Shares
Apple reported another great quarter. Below are the “tweets” I posted on Twitter as I as updating my spreadsheet model and listening to the conference call. For Apple, I continue to find that my first impressions are the most valuable so the Twitter comments capture my thinking well. That said, after reading post call commentary […]
Early 2Q Earnings: Stocks Being Sold But Hopeful Signs for Media
Earnings season is off to a rough start as far as stock prices go. Some stocks gap higher on good numbers but can’t hold the gains (Intel). Some stocks have mixed results and get smacked (GOOG and the big banks). Some stocks miss and get smoked (MAT) and others beat and get sold (HAS). The […]
Mixed Quarter from Google Obscures Value and Growth Profile
Google (GOOG) is trading down over 5% in a weak market (S&P down 2.2%) after reporting mixed 2Q10 results. The stock has given up most its gains in the past two weeks since the company received a new license to operate in China. GOOG reported EPS of $6.45 on revenues of $5.1 billion net of […]
Moving to Mid Cap for July
Northlake’s Market Cap model shifted from small cap to mid cap for July, ending a five month run favoring the small company theme. As a result of the shift, all Northlake client assets invested in the Market Cap model have sold IWM and purchased the S&P 400 Mid Cap (MDY). There was no change to […]
Update on Discovery Communications Spread Trade
A few months ago I swapped all Northlake client holdings in Discovery Communications voting shares (DISCA) into Discovery Communications non-voting shares. At the time the voting shares were trading at a $4.23 premium to the non-voting shares. Last week, the spread ballooned to almost $7 when it was announced that DISCA would enter the Russell […]
Lots of Movement for June But Still Favor Small Cap and Value
May’s sharp market correction caused a lot of underlying movement in Northlake’s Market Cap and Style models but not enough to change the signals for June. The Market Cap model continues to signal small cap and the Style model remains favoring value. As a result, Northlake client positions dedicated the Core and Explore strategy will […]
Media Stocks Ignore Solid Quarterly Earnings
One of the oddities in specializing in media stocks is that most all of the companies report quarterly earnings within a tight two week window including the last week of the first month of the new quarter and the first week of the second month. This quarter media earnings season overlapped with two trips to […]
Another Month at Small Cap and Value on Tap for May
The latest signals from Northlake’s Market Cap and Style models once again are unchanged. For May, the Market Cap model still favors small cap and the Style model remains in value mode. Northlake client positions dedicated to the models will remain invested in the Russell 2000 (IWM) for small cap and the Russell 1000 Value […]
All Good at Apple. Again.
Below are my Twitter comments in chronological order as I was listening to the Apple conference call. I find these initial reaction comments, which for most companies are handwritten notes, are usually my best analysis. Gut reaction plus objective analysis is reliable. Or to put it another way, I like to keep it simple and […]
Google Misses. Sort of.
Even before the Goldman Sachs related market meltdown, Google shares were down 5% following the company’s 1Q10 earnings report after the close on Thursday. Most all of the many headline numbers regularly provided by Google met or slightly exceeded expectations. However, the upside was minor and there were a few blemishes. The upside was mainly […]