Dan Niles revealed on Tuesday that he plans to buy some technology stocks in the broader market this year. “They might force their level based on statistics to pick up some of the names I’ve been waiting for, and I think they think they’re overvalued, and now they’re back because some of these fears are discounted in the market,” Niles Investment Investment Management said in the founder of CNBC. Investors pointed out that Apple and letter performance, which are all in the last trade on positive territory. While Alphabet’s stock was more than 2% higher in afternoon trading, Apple’s stock retreated 0.3%. So far, letters have dropped nearly 10%, while Apple has performed more than 5%, underperformed. Meanwhile, the S&P 500 index fell more than 1% during the same period. “We’re going to get discounts on stocks,” he continued. “I might force myself to buy something later today under the name I’ve been waiting for.” AAPL GOOGL 1D Mountain AAPL with Google, the 1-day Niles’ comment was after U.S. President Donald Trump’s 25% tariff on Mexico and Canada and 25% tariff on additional tariffs on Chinese goods. “The tariff situation will be sorted out because … Mexico and Canada have no cards.” “(European Union) and China, these will be more issues to be solved.” In addition, Niels said he is looking at other areas beyond technology, such as networks, Chinese stocks and value names, and domestic banks, and he believes that he will benefit from “taking all this (AI) data around rather than AI infrastructure spending.” Niels also said, “I think it will be a tough year. You will need to be very adapted to it.” “I’m looking for more basic pictures.”
Investor Dan Niles says he might “force” himself to buy some defeated technology | Real Time Headlines
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