We don't expect a rebound in Apple's phone sales this year, and we think the stock's overvalued.
We recommend prospective investors steer clear of shares at current levels.
We're maintaining our $200 fair value estimate.
The market seems to be overestimating AMD's long-term prospects.
However, it remains central to our narrow moat rating.
We are maintaining our fair value estimate, and we think shares are fairly valued at current levels.
We think investors with a long-term horizon will find current levels compelling relative to our unchanged fair value estimate of $65 per share.