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://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-11-10 19:44:432015-11-10 19:44:43Disney 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://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-11-09 20:23:492015-11-09 20:23:49All 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://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-11-03 20:42:542015-11-03 20:42:54Activision: 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://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-11-02 17:26:322015-11-02 17:26:32Underlying 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://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-10-29 20:05:172015-10-29 20:05:17Boring Apple Quarter Good Enough For Now
Hilton Worldwide (HLT) and La Quinta Holdings (LQ) reported 3Q earnings in line with current expectations. HLT expectations had come in slightly as concerns about the health of the lodging industry grew over the summer and early fall. HLT’s results were fairly good against the lowered expectations and the company’s growth profile appears to be […]
Comcast (CMCSK) reported results right in line with Wall Street expectations for 3Q15. Revenues grew 11% and Operating Cash Flow gained 8.4%. CMCSK is really two entities, the core Comcast Cable business now operated under the Xfinity brand, and the entertainment businesses operated at NBC Universal. NBCU consists of the NBC TV Network, cable TV […]
Alphabet (formerly known as Google and still trading as GOOG/GOOGL) reported good results in 3Q15. This marks the second consecutive quarter that the company has beaten Wall Street expectations after a string of slightly disappointing results. The shares responded, rising from $500-550 for much of the first half of the year to over $700 today. […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-10-23 19:03:152015-10-23 19:03:15Strong Results from Alphabet: G is for Growth, Google
ClubCorp (MYCC) reported earnings largely in line with management forecasts although a bit below more optimistic analyst estimates. Revenues are tracking perfectly for 2015 but operating margins are a bit light as improved profitability at the large Sequoia golf acquisition is bit behind schedule. Nothing in the story has changed at all. MYCC is on […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-10-16 20:03:412015-10-16 20:03:41ClubCorp Remains On Par Despite a Few Missed Putts
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 […]
Holding Hilton, Selling La Quinta Amid Lodging Challenges
Hilton Worldwide (HLT) and La Quinta Holdings (LQ) reported 3Q earnings in line with current expectations. HLT expectations had come in slightly as concerns about the health of the lodging industry grew over the summer and early fall. HLT’s results were fairly good against the lowered expectations and the company’s growth profile appears to be […]
Despite Worries, Comcast Remains on Solid Ground
Comcast (CMCSK) reported results right in line with Wall Street expectations for 3Q15. Revenues grew 11% and Operating Cash Flow gained 8.4%. CMCSK is really two entities, the core Comcast Cable business now operated under the Xfinity brand, and the entertainment businesses operated at NBC Universal. NBCU consists of the NBC TV Network, cable TV […]
Strong Results from Alphabet: G is for Growth, Google
Alphabet (formerly known as Google and still trading as GOOG/GOOGL) reported good results in 3Q15. This marks the second consecutive quarter that the company has beaten Wall Street expectations after a string of slightly disappointing results. The shares responded, rising from $500-550 for much of the first half of the year to over $700 today. […]
ClubCorp Remains On Par Despite a Few Missed Putts
ClubCorp (MYCC) reported earnings largely in line with management forecasts although a bit below more optimistic analyst estimates. Revenues are tracking perfectly for 2015 but operating margins are a bit light as improved profitability at the large Sequoia golf acquisition is bit behind schedule. Nothing in the story has changed at all. MYCC is on […]