This is Mac OSKenn.

A positive note on Apple, the return of Hagen's Berman, and send the kids to Apple Camp.

It's Monday, the 10th of June, 2019.

I'm Ken Ray, and this is news from Mecca West Ken.

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at Patreon.com slash Macoesscan. A change in the lineup.

RBC Capital Analyt Ane is no longer an analyst for RBC. He's now batting Apple coverage for Evercore ISI.

You know what that means? Despite Evercore having covered Apple before and

Darienani having covered Apple before, Apple before,

C. N. B. C. says Evercore. ISI has initiated coverage of Apple,

and they seem pretty pleased with the prospect.

Quoting Daryanani's note, we see several catalysts that should enable the stock to grind higher from current levels.

Apple stock should continue to outperform the market driven by strong free cash flow generation,

ability for outsized capital allocation, and a growing iOS installed base that generates

sustained and recurring free cash flow growth.

One of his favorite parts about that recurring free cash flow is his expectation that Apple

will return a lot of it to shareholders according to a piece from

Barron's. Additionally that piece quoted another part of his note saying we believe

the stock is undervalued at these levels from a business line perspective, we believe the company can continue to drive strong momentum in services while increasing average selling prices to partially offset iPhone unit declines.

Sounds rosy, though there are still thorns with which to be dealt.

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