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

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.

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