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Why This Hedge Fund Manager Plans To Short Apple Stock Ahead Of iPhone 15 Launch Next Week
Thursday, September 7, 2023 - 3:17am | 491Apple, Inc. (NASDAQ:AAPL) has scheduled its “Wonderlust” iPhone 15 launch event for Sept. 12, and typically the stock rallies in the run-up to the event. This time around, things could be different, according to Daniel Niles, founder and portfolio manager at Satori Fund. What Happened:...
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Dan Niles Warns Of 10% Market Correction, End Of Big Tech's Reign: Shorts Apple, Bets On Amazon
Friday, August 4, 2023 - 1:15pm | 609The market is perched on the edge of a potential 10% correction, and the big tech buying bonanza is on its last legs. So says renowned hedge fund manager Dan Niles, who unpacked his perspective during a CNBC interview on Friday. Imminent Correction? No stranger to calling market turns, Niles,...
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Fund Manager Who Offloaded Amazon Stock In July Goes Long Again Ahead Of Q2 Results: 'Such A High Appetite Right Now To ...'
Thursday, August 3, 2023 - 4:36am | 608E-commerce giant Amazon, Inc. (NASDAQ:AMZN) is scheduled to report its second-quarter results Thursday after the market close. What Happened: Ahead of the results, Dan Niles, founder and portfolio manager at Satori Fund said he is long on Amazon again. Immediately after Microsoft Corp.'s (NASDAQ:...
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Dan Niles Saw The Banking Collapse Coming, Predicted Big Firm Would Get 'Nailed': Now He's Placing Bets On Tech
Thursday, March 23, 2023 - 2:29pm | 585Satori Fund founder and portfolio manager Dan Niles shorted several banks ahead of the collapse. Now he's looking to squeeze profits out of a pair of tech names. What To Know: Among several other names, Satori was short SVB Financial Group (NASDAQ: SIVB) before a bank...
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Dan Niles Rings The Register On Meta, What Led The Manager To Sell?
Friday, March 17, 2023 - 12:08pm | 495Dan Niles, founder and portfolio manager of Satori Fund, tweeted Thursday that he trimmed Satori Fund’s position in Meta Platforms Inc (NASDAQ: META), citing a poor risk-reward outlook in the near term. Niles' decision came as Meta's shares saw a strong year-to-date performance,...
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Forget Quick Recovery, Expect 30% Drop Before Market Finds Bottom, Says Satori's Dan Niles
Monday, April 6, 2020 - 9:20am | 454Dan Niles, founder and portfolio manager of the Satori fund, says the market may drop another 30% before it can find a bottom. Damage From COVID-19 Hidden Satori, a US-focused, technology biased, large-cap fund closed in the green even when the Dow Jones Industrial Average had its worst-ever...