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Dan Niles on why he's steering clear of Apple long-term
  + stars: | 2024-05-03 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDan Niles on why he's steering clear of Apple long-termDan Niles, Niles Investment Management founder and portfolio manager, joins 'Squawk Box' to discuss Apple's quarterly earnings results, strength of the 'Magnificent Seven' stocks, and more.
Persons: Dan Niles Organizations: Niles Investment Management
Things are not looking up for Apple ahead of its fiscal second-quarter earnings, according to tech investor Dan Niles. Apple, which is due to report May 2, has dropped 14% this year — lagging behind other major technology stocks, such as Nvidia and Meta Platforms. Apple is also lagging behind its peers in the artificial intelligence race, which is why it keeps on exploring opportunities with potential partners such as Alphabet , Niles added. "On a longer-term basis at this valuation with no growth, I don't know why you would be bullish on it," the portfolio manager said. Niles has been bearish on Apple in the past.
Persons: Dan Niles, Satori, haven't, Niles, CNBC's, he's Organizations: Apple, Nvidia, Meta, Satori Fund, Huawei isn't Locations: China
Apple is 'behind' in AI, says Satori Fund's Founder Dan Niles
  + stars: | 2024-04-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is 'behind' in AI, says Satori Fund's Founder Dan NilesDan Niles, Niles Investment Management founder and portfolio manager, joins 'Money Movers' to discuss if tech's recent underperformance is about yields, what will be essential to hear from earnings reports, and more.
Persons: Satori, Dan Niles Dan Niles Organizations: Niles Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSatori Fund's Dan Niles: Energy prices are the most important economic data pointSatori Fund's Founder Dan Niles joins CNBC's 'The Exchange' to break down his outlook on the oil rally, inflation risks, and more.
Persons: Dan Niles Organizations: Energy
There are three main routes through which retailers like Walmart benefit from advertising, Tarlowe said. The focus in retail advertising once transitioned from in-store to retailer websites with the e-commerce boom, Gutman said. Walmart: The pack leader With the deal, Walmart appears ahead of the retail pack, Gutman said. Connected TV is also just one part of a broader tide-change that's bolstering optimism on the stock, analysts told CNBC Pro. Other retail ideas Beyond Walmart, analysts said retailers need size and scale to perform well within off-site advertising.
Persons: Jefferies, Corey Tarlowe, Tarlowe, Morgan Stanley, Matt, Simeon Gutman, Gutman, it's, Roku, FactSet, Warren Buffett, Franklin Templeton, Dan Niles Organizations: Walmart, Intelligence, Retailers, Albertsons, CNBC, P Retail, Costco, Target, FactSet, TGT, Nvidia, & & , & & () Locations: Arkansas, Vizio
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSatori Fund's Founder Dan Niles talks rebranding the Magnificent 7Satori Fund's Founder Dan Niles joins the 'Fast Money' traders to explain why he thinks the Magnificent 7 should be rebranded as the Fantastic 4.
Persons: Dan Niles
CNBC Daily Open: U.S. manufacturing struggles to recover
  + stars: | 2024-03-04 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
Workers assemble printed circuit boards at the Intervala manufacturing facility in Mount Pleasant, Pennsylvania, US, on Tuesday, Jan. 30, 2024. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The CSI 300 was lower as investors focused on China's annual meetings and Hong Kong's Hang Seng index also fell. "Those names are being driven by earnings," Niles told CNBC last week.
Persons: Hong, Dow, Energy's, Jorge Leon, Jeremy Hunt, Dan Niles, Niles Organizations: US, Bureau, CNBC, Nikkei, CSI, Nasdaq, Budget, Conservative, Labour, Nvidia, Meta, Microsoft Locations: Mount Pleasant , Pennsylvania, U.S, China, Beijing, Angola
CNBC Daily Open: U.S. manufacturing drag continues
  + stars: | 2024-03-04 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
Workers assemble printed circuit boards at the Intervala manufacturing facility in Mount Pleasant, Pennsylvania, US, on Tuesday, Jan. 30, 2024. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] The 'Fantastic Four'Hedge fund manager Dan Niles prefers the so-called "Fantastic Four" stocks, thanks to their earnings potential in 2024. "Those names are being driven by earnings," Niles told CNBC last week.
Persons: Dan Niles, Niles Organizations: US, Bureau, CNBC, Nasdaq, OPEC, U.S . Department of, Treasury, Nvidia, Meta, Microsoft Locations: Mount Pleasant , Pennsylvania, China, Beijing, Saudi Arabia, Russia
Hedge fund manager Dan Niles has named Nvidia , Meta , Microsoft and Amazon as his favorite stock picks thanks to their ability to boost earnings in 2024. "If you look at the last three years … the move in technology stocks had nothing to do with earnings," Niles told CNBC's Street Signs Asia last week. Specifically, he called out estimate increases at Nvidia, Meta, Microsoft, and Amazon thanks to their booming AI businesses. "Those names are being driven by earnings," Niles asserted. When will the AI bubble pop?
Persons: Dan Niles, Niles, Nvidia's, ChatGPT, it's Organizations: Nvidia, Meta, Microsoft, Big Tech, Federal Reserve, Apple, Google, Amazon, Netscape, Nasdaq
Watch CNBC's full interview with Satori Fund's Founder Dan Niles
  + stars: | 2024-03-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Satori Fund's Founder Dan NilesSatori Fund's Founder Dan Niles joins the 'Fast Money' traders to explain why he thinks the Magnificent 7 should be rebranded as the Fantastic 4.
Persons: Satori Fund's, Dan Niles Satori, Dan Niles
Dan Niles: I am 'very bullish' on India on a longer-term basis
  + stars: | 2024-03-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDan Niles: I am 'very bullish' on India on a longer-term basisDan Niles of Satori Fund remains bullish on the Indian market in the "longer-term" but cautions investors looking to get into the market as it has gotten "too easy to make money" there.
Persons: Dan Niles, Satori Locations: India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDan Niles shares his most and least favorite stocks in the 'Fantastic Four'Dan Niles of Satori Fund explains why he's no longer buying the Magnificent Seven stocks in favor of the "Fantastic Four".
Persons: Dan Niles, Satori
It was a good run, but the era of the Magnificent Seven is over for the stock market. "I don't see these seven names rising together," said the analyst who coined the nickname for the group. AdvertisementThe Magnificent Seven are looking a little less magnificent, and aren't really even a band of seven anymore. In a note titled "R.I.P the Magnificent Seven Era," Mike O'Rourke, chief market strategist from Jones Trading, said the group's dominance over the stock market is coming to a close. Back in April 2023, when O'Rourke invented the moniker (although some say it was BofA's Michael Hartnett who coined the term), the Magnificent Seven contributed to a stunning 88% of year-to-date gains.
Persons: , aren't, Mike O'Rourke, O'Rourke, BofA's Michael Hartnett, Michael Hartnett, That's, it's, " O'Rourke, Tesla, Dan Niles, Satori, Niles Organizations: Service, Jones, Apple, Nvidia, Tesla, Microsoft, Meta, Companies, Satori Fund, Google, CNBC Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSatori Fund's Dan Niles: 'Magnificent Seven' stocks should be renamed the 'Fantastic Four'Dan Niles, Satori Fund founder and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, why he believes the 'Magnificent Seven' should be rebranded as the 'Fantastic Four', why he's taking three companies off the list, which company would be his top pick, and more.
Persons: Dan Niles Organizations: Fund
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSatori Fund's Dan Niles on Meta: Strength in driving revenue and profits by using AIDan Niles, Satori Fund founder and portfolio manager, joins 'Squawk on the Street' to discuss his thoughts on the mega-cap technology stocks, whether the founder is nervous about the trades everybody likes, and more.
Persons: Dan Niles Organizations: Meta, Fund
The Satori Fund's Dan Niles is offering up his strategy for playing the Magnificent 7 stocks. The founder and senior portfolio manager told CNBC's " Squawk on the Street " on Wednesday that he's currently long Meta Platforms , Amazon , Nvidia and Microsoft and short Apple, Tesla and Alphabet . "We all know that earnings, short term, doesn't drive stocks," he said of his investing strategy. Nvidia and Meta Platforms have led the pack, jumping about 48% and 33%, respectively, while Apple and Tesla have slumped about 5% and 25%. Among his reasons for favoring Meta Platforms, the hedge fund manager highlighted the company's price-to-earnings ratio, which is only slightly above that of the S & P 500, and strong advertising numbers.
Persons: Dan Niles, CNBC's, he's, Tesla, Niles, Apple's, it's Organizations: Nvidia, Microsoft, Apple, Nasdaq, Meta Locations: Copilot, OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech's earnings are starting to have more of an impact on stock prices: Satori Fund's Dan NilesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Dan Niles, Brian Sullivan, Organizations: CNBC
Hedge fund investor Dan Niles said megacap tech stocks that led the market rally last year will have to start proving themselves this upcoming earnings season. Apple shares slid 6% last week after several firms downgraded the stock, citing weaker iPhone sales. On Monday, however, Apple shares rallied more than 2% as investors bought the dip in tech stocks. Niles said there will be opportunities in megacap tech stocks this earnings season for choosy investors. You're going to actually have to get the fundamentals right to make money."
Persons: Dan Niles, Niles, CNBC's, he's Organizations: Federal Reserve, Nvidia, Apple
Widely followed investor Dan Niles on Tuesday revealed his top stock picks for 2024, including one of 2023's top performers. The founder and senior portfolio manager of the Satori Fund selected two names from the so-called Magnificent Seven mega-cap tech stocks as his favored shares for the new year — Amazon and Meta Platforms . META 1Y mountain Meta shares 1-year chart ETFs The hedge fund investor is also bullish on SPDR S & P Biotech ETF (XBI), which tracks more than 120 biotech companies. The investor said the top holdings in KWEB — Baidu , Alibaba and Tencent — are so much cheaper than mega-cap names in the Magnificent Seven. "You can buy them at 13 times P/E off 24 numbers for comparison, The Magnificent Seven, you're paying 34 times," he said.
Persons: Dan Niles, Satori, Niles, Apple, they're, we've Organizations: Satori Fund, Apple, Barclays, CNBC, Meta, P Biotech, KraneShares CSI China Internet, Baidu
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon is our favorite 'Magnificent Seven' stock, says Satori Fund's Dan NilesDan Niles, Satori Fund founder and portfolio manager, joins 'Squawk Box' to discuss the Apple's quarterly earnings results, which tech stocks he likes, and more.
Persons: Satori, Dan Niles Dan Niles Organizations: Fund
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOracle is a buy 'if you're looking for growth at a reasonable price': Satori Fund's Dan NilesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Dan Niles, Brian Sullivan, Organizations: Oracle, CNBC
Small-cap stocks were on investors' radar last week. The Russell 2000 index turned in five straight days of gains for the first time since mid-July, according to CNBC analysis. "We're in consumer staples stocks and Russell 2000 stocks," said Niles, adding that Pepsi is the fourth-largest holding in his Satori Fund's consumer staples basket. Both Citi and Morningstar said small-cap stocks now look cheaper than the broader market. How to play small-caps One of the more popular ways to invest in small-cap stocks is through the iShares Russell 2000 ETF (IWM).
Persons: Russell, Dan Niles, CNBC's, Niles, David Bailin, Morningstar, Davidson, — CNBC's Michelle Fox, Fred Imbert Organizations: CNBC, Russell, Pepsi, Citi, Citi Global Wealth's, Morningstar Equity Research, Ionis Pharmaceuticals, Screen CNBC Pro Locations: Israel, Gaza
Hedge fund manager Dan Niles has revealed that he is still shorting Tesla 's stock, despite being bullish on the broader market. Niles, cofounder and portfolio manager of the Satori Fund, told CNBC's "Squawk Box" Tuesday that he sees significant headwinds for Tesla in the months ahead that could push the stock lower. TSLA YTD line Having more than doubled in value this year, Niles said the stock now faces a very different environment to earlier this year. It should be noted that Niles' Tesla short position is relatively small and accounts for about 1% of his portfolio. In contrast, the fund manager has previously made aggressive bets of up to 15% of the fund on stocks where the hedge fund has had a high conviction.
Persons: Dan Niles, Tesla, Niles, CNBC's, Elon Musk, Thomas Edison, he's Organizations: Tesla, Cox Automotive, CNBC
Hedge fund investor Dan Niles sees a buying opportunity in small-cap and consumer staples stocks right now. The Russell 2000 , the barometer for small-cap stocks, is now up about 1% in 2023. .RUT YTD mountain Russell 2000 year to date He is also in consumer staples stocks, which gives him a little bit of defense as well, he said. The fourth-largest weighting in Satori Fund's consumer staples basket is PepsiCo , Niles said. Niles' tech picks Meanwhile, Niles sees an uphill battle for big tech.
Persons: Dan Niles, Russell, Niles Organizations: PepsiCo, Pepsi, Microsoft, Nvidia, Apple Locations: Israel, U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe number one thing I am watching is oil, says Satori Fund's Dan NilesDan Niles, Satori Fund Founder, joins 'Closing Bell Overtime' to talk how top tech names are performing in the current market.
Persons: Satori, Dan Niles Dan Niles
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