Apple's growth trajectory hasn't changed enough to chase it here, says Rosenblatt's Crockett

Group 1: Apple - The stock price of Apple has increased from 226 to 262 since the September event, indicating positive market sentiment [1] - Despite being neutral on Apple, there are questions about whether the company is addressing consumer needs sufficiently, especially in light of AI delays [2] - The current price-to-earnings (PE) ratio is in the mid-30s, which may not be sustainable given the expected earnings per share growth of 20-30% [2][3] - Apple's ecosystem remains strong, as competitors have not significantly capitalized on Apple's perceived shortcomings in AI features [4] - Consumers are currently prioritizing camera and battery performance over built-in AI features, which has benefited Apple [5] - Concerns exist regarding Apple's future growth trajectory and its ability to hire competitively in the AI space [6] Group 2: Netflix - Netflix has experienced a significant content quarter, with views for top 10 ranked content up over 20% year-over-year, surpassing previous growth rates [7] - The lack of subscriber data makes it harder to gauge performance compared to previous quarters, but strong content traction suggests potential for exceeding guidance [8] - The current setup for Netflix's quarter is historically favorable, making it a good time to own the stock [9]