There are no changes to the signals from Northlake’s Market Cap and Style models for October. For the third consecutive month, the Market Cap model continues to favor Mid Cap. As it has since November 2014, the Style model is recommending Large Cap Growth. With no changes to the model recommendations for October, Northlake client […]
We recently sold La Quinta Holdings (LQ) in all taxable accounts and reinvested the proceeds in Hilton (HLT). This swap was done to capture the loss in LQ to reduce the amount of realized gains for Northlake’s taxable investors without giving up any upside. We see equal potential in LQ and HLT, and we believe […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2015-09-03 16:12:542015-09-03 16:12:54Swapping from La Quinta to Hilton in Taxable Accounts
There are no changes to the recommendations from Northlake’s Market Cap and Style models for the month of September. Mid Cap and Growth continue as the favored themes. As a result, current client positions that follow the models will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF). The […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-09-01 18:46:292015-09-01 18:46:29Mid Cap and Growth Hold Firm Amid Correction
ClubCorp (MYCC) reported second quarter results that show our investment thesis is on track. MYCC reaffirmed their full year guidance. Same store sales and EBITDA continue to grow steadily as MYCC invests in club reinventions. Recent acquisitions are driving more dramatic growth on the top and bottom line, and cost synergies have met expectations. MYCC […]
Liberty Global (LBTYK) reported results right in line with Wall Street estimates for its 2Q15. Adjusted growth in revenues and operating cash flow were both up about 3%. We expect that 2Q15marked the last quarter where LBTYK reports slower growth. Management agrees and reiterated its guidance for a pickup to mid-single digit growth or higher […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-08-11 17:43:342015-08-11 17:43:34Growth Liftoff Coming at Liberty Global
For the second straight quarter, ATVI beat street expectations on the top and bottom line and raised full year guidance for both. The strong results were driven by a continuing shift to higher margin digital revenues and ATVI’s increasingly diversified franchise portfolio. The market responded by sending ATVI’s shares up over 10%. Our investment thesis […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Tim Fodorhttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifTim Fodor2015-08-10 21:48:382015-08-10 21:48:38Activision Blizzard to New Highs on Upcoming Titles and Improving Margins
Liberty Media (LMCA/LMCK) reported a typically quiet quarter. Over 80% of the value in Liberty is represented by the company’s controlling stake in Sirius XM Satellite Radio (SIRI). SIRI reported a great quarter a few weeks ago with better than expected subscriber growth and financial results. Management raised 2015 guidance and we still think the […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-08-10 17:05:362015-08-10 17:05:36Liberty Media Looking to Close The Gap with Sirius
CBS reported most inline results for 2Q15 with a bias slightly above Wall Street estimates. In a rough week for media stocks due to cord cutting fears triggered by Disney’s report, CBS share held up much better than average. Northlake agrees as CBS is much less exposed to cord cutting fears than other media stocks. […]
Disney (DIS) reported slightly better than expected earnings for the quarter ending June 2015. The results continue a string of results above expectations driven primarily by the incredible success of the company’s content strategy including hit films from Marvel, Pixar, and Disney Animation. This success is projected to continue later this year with another Pixar […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-08-10 13:15:402015-08-10 13:15:40ESPN hits Disney’s Otherwise Good Outlook
After a two month run at large cap, Northlake’s Market Cap model shifted to mid cap for August. As a result, Northlake client positions invested in the models have sold the S&P 500 (SPY) and reinvested in the S&P 400 Mid Cap (MDY). There is no change to the large cap growth signal coming from […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2015-08-03 17:44:542015-08-03 17:44:54Back to Mid Cap for August
No Change to Model Signals Despite Market Volatility
There are no changes to the signals from Northlake’s Market Cap and Style models for October. For the third consecutive month, the Market Cap model continues to favor Mid Cap. As it has since November 2014, the Style model is recommending Large Cap Growth. With no changes to the model recommendations for October, Northlake client […]
Swapping from La Quinta to Hilton in Taxable Accounts
We recently sold La Quinta Holdings (LQ) in all taxable accounts and reinvested the proceeds in Hilton (HLT). This swap was done to capture the loss in LQ to reduce the amount of realized gains for Northlake’s taxable investors without giving up any upside. We see equal potential in LQ and HLT, and we believe […]
Mid Cap and Growth Hold Firm Amid Correction
There are no changes to the recommendations from Northlake’s Market Cap and Style models for the month of September. Mid Cap and Growth continue as the favored themes. As a result, current client positions that follow the models will remain invested in the S&P 400 Mid Cap (MDY) and the Russell 1000 Growth (IWF). The […]
ClubCorp On Track Despite Challenges
ClubCorp (MYCC) reported second quarter results that show our investment thesis is on track. MYCC reaffirmed their full year guidance. Same store sales and EBITDA continue to grow steadily as MYCC invests in club reinventions. Recent acquisitions are driving more dramatic growth on the top and bottom line, and cost synergies have met expectations. MYCC […]
Growth Liftoff Coming at Liberty Global
Liberty Global (LBTYK) reported results right in line with Wall Street estimates for its 2Q15. Adjusted growth in revenues and operating cash flow were both up about 3%. We expect that 2Q15marked the last quarter where LBTYK reports slower growth. Management agrees and reiterated its guidance for a pickup to mid-single digit growth or higher […]
Activision Blizzard to New Highs on Upcoming Titles and Improving Margins
For the second straight quarter, ATVI beat street expectations on the top and bottom line and raised full year guidance for both. The strong results were driven by a continuing shift to higher margin digital revenues and ATVI’s increasingly diversified franchise portfolio. The market responded by sending ATVI’s shares up over 10%. Our investment thesis […]
Liberty Media Looking to Close The Gap with Sirius
Liberty Media (LMCA/LMCK) reported a typically quiet quarter. Over 80% of the value in Liberty is represented by the company’s controlling stake in Sirius XM Satellite Radio (SIRI). SIRI reported a great quarter a few weeks ago with better than expected subscriber growth and financial results. Management raised 2015 guidance and we still think the […]
CBS Well Protected Amid Cord Cutting Fears
CBS reported most inline results for 2Q15 with a bias slightly above Wall Street estimates. In a rough week for media stocks due to cord cutting fears triggered by Disney’s report, CBS share held up much better than average. Northlake agrees as CBS is much less exposed to cord cutting fears than other media stocks. […]
ESPN hits Disney’s Otherwise Good Outlook
Disney (DIS) reported slightly better than expected earnings for the quarter ending June 2015. The results continue a string of results above expectations driven primarily by the incredible success of the company’s content strategy including hit films from Marvel, Pixar, and Disney Animation. This success is projected to continue later this year with another Pixar […]
Back to Mid Cap for August
After a two month run at large cap, Northlake’s Market Cap model shifted to mid cap for August. As a result, Northlake client positions invested in the models have sold the S&P 500 (SPY) and reinvested in the S&P 400 Mid Cap (MDY). There is no change to the large cap growth signal coming from […]