Dan Niles on why he's steering clear of Apple long-term

Good to see you again Dan, However, I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

Apple is the company you stick with for the long term. Sure every company has their ups and downs over time, but Apple has done very well.

That’s great, but then why were you short Apple in 2019 when it was one third the current price?

Perception?? I would not call $110B buyback a perception!

this guy months ago was shorting it lol and now its one of his biggest holdings

This is the guy who always come on CNBC claiming he is short Apple at the top and close his positions at the bottom. He has been wrong on Apple over so many years and he can't get over himself. Toni Sacconaghi even threw up the towel and turned bullish after being bearish and sitting on the side lines for so long. Imagine this guy managing your money and paying him fees so that you continue to lose out on Apple returns

He's sticking to his record of being wrong on apple for over a decade.

Where's Dan's Apple short???

He is a day trader. Talks with confidence even if it's wrong.

dan: we really don't like apple. dan: apple is our second largest position.

Thanks for the analysis as always.... is TGT even part of the DOW jones, why is warren buffet selling all of that I understand that tax part and the long term upside preservation but doesnt really seem to make sense from him considering hes all about buying buying buying. also it feels like bitcoin broke that support so its still hard to for me to bullish short term. I just want to wait to scoop up more IBIT if its retracing to 55k. I read an article that Q2 and Q3 seasonality being significantly worse too, not that it matters but I was wondering how conservative we should be, even if ES, and NQ is bullis.

No empire last forever…..however……Apple is one of the greatest companies of the 21st century, and has been growing, albeit more steady now than in the past……they’ll be fine, they aren’t going anywhere anytime soon, but I understand you all have a show to do but if you want to lost your position on Apple, be my guest, when the stock rises above 200 and above 230 by end of September, that’s your loss…….apple is a stock you own, not trade

When has Niles ever been bullish about Apple?

Bears sound smart bulls make money

I was looking forward to the Apple Car. Since they scrapped that I think I'm going to sell my Apple if and when it reaches 200. I've been in for 4 years but mainly I got in on hopes they would design an EV. I have 540 shares.

these clowns are apple haters. just go away great buy Apple

This guy is always talking his bag. Every time he gets burned he comes on CNBC to cry about APPL

Did this man just say it's better to short the entire us market ie snp as a safer bet than hedging based on individual company position

Mr. Niles always tries to present himself as knowing more than Tim Cook and all the pro-Apple analysts on Wall Street. He has been wrong so many times. However, CNBC never holds his feet to the fire for being wrong. Incredible, isn’t it?