News Formal

'We haven't seen the bottom in this correction': Dan Niles names 2 tech stocks to ride out a potential recession

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Meta Platforms Inc Nieuws

Apple Inc,Alphabet Inc,Microsoft Corp

Dan Niles' two Big Tech picks have beaten expectations, while the rest of the 'Magnificent Seven' appear to be falling behind.

Hedge fund manager Dan Niles is betting on Apple and Meta Platforms as two stocks that can ride out a potential U.S. recession. Niles, who runs an actively managed fund of 20 to 40 large-cap U.S. stocks at Niles Investment Management , stressed that while a recession is not his base case scenario, investors should focus on companies capable of navigating challenging economic conditions.

line This contrasted sharply with other tech giants like Google and Microsoft , which showed no growth in quarterly EPS figures. Amazon saw its stock prices decline after issuing lackluster forward guidance , and Tesla shares have been on a downward trajectory since it announced a delay to its robotaxi service . Apple Niles expects strong revenue growth in the coming year as consumers upgrade to AI-enabled iPhones.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

A big cloud hangs over Big Tech earnings: Is all this AI spending worth it?Investors will be scrutinizing the AI spending levels of tech titans like Microsoft when they report earnings this week.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Manhattan is becoming a 'buyer's market' — blame people fleeing to FloridaBig incomes, big behinds with big portfolios are moving to big nothing Florida, which has big alligators but small taxes.
Bron: nypost - 🏆 91. / 67 Lees verder »