MGM Resorts (MGM) reported strong 2Q17 results with better than expected profitability. Management executed well against long term plans to continuously improve profit margins, overcoming a self-imposed headwind from lower hotel room revenue and a slightly unlucky quarter at the casino tables. The investment thesis remains on track with several catalysts expected to drive shares […]
Facebook (FB) reported better than expected sales with profits significantly ahead of expectations. The strong results reflect expense discipline even as FB continues to invest for future growth. Looking ahead to the rest of this year, FB narrowed full year expense growth guidance from 40-50% to 40-45%. EPS easily beat Wall Street estimates even after […]
Despite lots of discussion of cord cutting and cord shaving and merger rumors, Comcast continues to produce good financial and operating results. Furthermore, management is careful with the balance sheet by keeping debt levels low and appears to be cautious about the need for a big acquisition. We like the steady growth and low risk […]
Alphabet (GOOG/GOOGL) shares seem likely to take a breather following the company’s 2Q17 earnings report. Overall, we would give the report a solid “B” but with the shares having soared 26% this year before the report an “A” was probably required to sustain the momentum. The report showed remarkable growth in Google’s mobile search, YouTube, […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-07-25 15:00:332017-07-25 15:00:33Investing for Long Term Growth at Alphabet
There are no changes to the signals from Northlake’s Market Cap and Style models for June. The Market Cap model is recommending large cap for the second consecutive month and the Style model is again recommending growth. With no changes, client positions following the models will continue to be invested in the S&P 500 (SPY) […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-07-03 14:20:342017-07-03 14:20:34Large Cap and Growth Favored Again for July
Northlake’s Market Cap model flipped from mid cap to large cap for June. As a result, client positions following the model previously invested in the S&P 400 Mid Cap have been sold and proceeds reinvested in the S&P 500 (SPY). There is no change to the Style model, so current client positions in the Russell […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-06-02 13:36:102017-06-02 13:36:10Moving from Mid Cap to Large Cap for June
Liberty Global (LBTYK) remains a troubled stock after reporting mixed 1Q17 results and lowering full year guidance for growth in operating cash flow. The shares performed poorly last year but bounced back strongly to start this year. Unfortunately, the sharp down move post the 1Q17 earnings report last week lost all of the year to […]
Formula One (FWONA/K) and Liberty Sirius (LSXMA/K) are tracking stocks of Liberty Media. FWON owns the Formula One racing circuit and LSXM owns a controlling interest in SiriusXM Satellite Radio (SIRI) representing approximately 70% of the shares outstanding. Consequently, when Liberty reports earnings and hosts a conference call the discussion is on these separate businesses. […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-05-10 18:40:272017-05-10 18:40:27Liberty Media: On Track at F1 and Sirius
Activision Blizzard (ATVI) reported a strong quarter, beating consensus sales and profit expectations. Full year guidance was increased from prior levels but remained below consensus. In past quarters, ATVI has tended to offer conservative guidance leading to upside surprises when they report actual results. Investors focused on strength in the Blizzard and KING segments, while […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2017-05-10 17:08:422017-05-10 17:08:42Activision Blizzard Making Progress on E-Sports and Digital Advertising
Disney (DIS) reported first quarter earnings of $1.50, up 10% from a year ago, and ahead of Wall Street estimates of $1.41. Revenues grew just 3% and operating income just 5% as EPS benefited from a lower than expected tax rate and share repurchases. DIS shares have reacted negatively to the report, falling -2% to […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2017-05-10 16:57:062017-05-10 16:57:06Disney: ESPN vs Theme Parks and Studio
Continuous Improvement Underway at MGM Resorts
MGM Resorts (MGM) reported strong 2Q17 results with better than expected profitability. Management executed well against long term plans to continuously improve profit margins, overcoming a self-imposed headwind from lower hotel room revenue and a slightly unlucky quarter at the casino tables. The investment thesis remains on track with several catalysts expected to drive shares […]
Strong Growth and Expense Discipline Continue at Facebook
Facebook (FB) reported better than expected sales with profits significantly ahead of expectations. The strong results reflect expense discipline even as FB continues to invest for future growth. Looking ahead to the rest of this year, FB narrowed full year expense growth guidance from 40-50% to 40-45%. EPS easily beat Wall Street estimates even after […]
Comcast Continues to Overcome Cord Cutting Fears
Despite lots of discussion of cord cutting and cord shaving and merger rumors, Comcast continues to produce good financial and operating results. Furthermore, management is careful with the balance sheet by keeping debt levels low and appears to be cautious about the need for a big acquisition. We like the steady growth and low risk […]
Investing for Long Term Growth at Alphabet
Alphabet (GOOG/GOOGL) shares seem likely to take a breather following the company’s 2Q17 earnings report. Overall, we would give the report a solid “B” but with the shares having soared 26% this year before the report an “A” was probably required to sustain the momentum. The report showed remarkable growth in Google’s mobile search, YouTube, […]
Large Cap and Growth Favored Again for July
There are no changes to the signals from Northlake’s Market Cap and Style models for June. The Market Cap model is recommending large cap for the second consecutive month and the Style model is again recommending growth. With no changes, client positions following the models will continue to be invested in the S&P 500 (SPY) […]
Moving from Mid Cap to Large Cap for June
Northlake’s Market Cap model flipped from mid cap to large cap for June. As a result, client positions following the model previously invested in the S&P 400 Mid Cap have been sold and proceeds reinvested in the S&P 500 (SPY). There is no change to the Style model, so current client positions in the Russell […]
Liberty Global Lowers Growth Guidance
Liberty Global (LBTYK) remains a troubled stock after reporting mixed 1Q17 results and lowering full year guidance for growth in operating cash flow. The shares performed poorly last year but bounced back strongly to start this year. Unfortunately, the sharp down move post the 1Q17 earnings report last week lost all of the year to […]
Liberty Media: On Track at F1 and Sirius
Formula One (FWONA/K) and Liberty Sirius (LSXMA/K) are tracking stocks of Liberty Media. FWON owns the Formula One racing circuit and LSXM owns a controlling interest in SiriusXM Satellite Radio (SIRI) representing approximately 70% of the shares outstanding. Consequently, when Liberty reports earnings and hosts a conference call the discussion is on these separate businesses. […]
Activision Blizzard Making Progress on E-Sports and Digital Advertising
Activision Blizzard (ATVI) reported a strong quarter, beating consensus sales and profit expectations. Full year guidance was increased from prior levels but remained below consensus. In past quarters, ATVI has tended to offer conservative guidance leading to upside surprises when they report actual results. Investors focused on strength in the Blizzard and KING segments, while […]
Disney: ESPN vs Theme Parks and Studio
Disney (DIS) reported first quarter earnings of $1.50, up 10% from a year ago, and ahead of Wall Street estimates of $1.41. Revenues grew just 3% and operating income just 5% as EPS benefited from a lower than expected tax rate and share repurchases. DIS shares have reacted negatively to the report, falling -2% to […]