Dan Niles Expects 'Beat And Raise Quarters' From Nvidia, Google, But He's Short Apple, Tesla: Here's Why
Portfolio Pulse from Adam Eckert
Satori Fund founder Dan Niles is long on Alphabet Inc (NASDAQ:GOOG) and Nvidia Corp (NASDAQ:NVDA) heading into earnings, expecting 'beat and raise quarters' from both. However, he is short on Tesla Inc (NASDAQ:TSLA) and Apple Inc (NASDAQ:AAPL) due to high valuations and potential headwinds. Niles noted that the group of tech giants, known as the 'magnificent seven', generates more than 50% of their revenues from outside the U.S., and the strengthening dollar could pose a significant headwind for company guidance this quarter.
October 10, 2023 | 8:38 pm
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NEGATIVE IMPACT
Dan Niles is short on Apple Inc (NASDAQ:AAPL) due to high valuations.
Niles' negative outlook on Apple Inc could potentially drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dan Niles is short on Tesla Inc (NASDAQ:TSLA) due to high valuations and potential headwinds.
Niles' negative outlook on Tesla Inc could potentially drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dan Niles is long on Alphabet Inc (NASDAQ:GOOG) heading into earnings, expecting a 'beat and raise quarter'.
Niles' positive outlook on Alphabet Inc could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dan Niles is long on Nvidia Corp (NASDAQ:NVDA) heading into earnings, expecting a 'beat and raise quarter'.
Niles' positive outlook on Nvidia Corp could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100