Report
Abhinav Davuluri
EUR 98.48 For Business Accounts Only

AMD continues to right the ship with solid Analyst Day; nonetheless, shares remain overvalued.

Advanced Micro Devices reported first-quarter results on May 1 that were in line with our expectations. However, good (but not great) guidance wasn’t enough to calm investors as the shares fell sharply in after-hours trading. Adding to the concern was AMD’s cash burn of $317 million during the quarter, bringing cash and equivalents down 25% sequentially to $943 million. Despite new product launches across the firm's PC, graphics, and semicustom segments, we continue to view the shares as materia...
Underlying
Valaris PLC Class A

Ensco is an offshore contract drilling company engaged in providing offshore contract drilling services to the international oil and gas industry. As of Dec 31 2017, Co. owned and operated an offshore drilling rig fleet of 62 rigs. Co.'s rig fleet includes 12 drillships, 11 semisubmersible rigs, four moored semisubmersible rigs and 38 jackup rigs, including rigs under construction. Co.'s business consists of three operating segments: floaters, which includes its drillships and semisubmersible rigs; jackups; and other, which consists of management services on rigs owned by third-parties. Co.'s two reportable segments, floaters and jackups, provide one service, contract drilling.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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