Hedge fund manager Dan Niles says it’s too early to buy beaten-up megacap tech stocks

Hedge fund manager Dan Niles sees this week’s tech sell-off as confirmation the trade is in significant trouble.

Tesla unveils its Cybercab robotaxi, with no steering wheel and under $30,000 October 11, 2024
Tesla Inc. unveiled its much-awaited robotaxi at an event in Southern California on Thursday night, showing a prototype of the Cybercab, an autonomous vehicle without steering wheels or pedals that Chief Executive Elon Musk said would cost less than $30,000.
Beleaguered Stellantis ousts CFO, other top execs in bid to ‘redouble’ its focus October 11, 2024
Troubled automaker Stellantis shook up its executive ranks Thursday in an effort to turn around its business, a week after slashing its annual guidance.
AMD’s AI event lacked a wow factor, but here’s one reason investors should be excited October 11, 2024
Advanced Micro Devices Inc.’s AI event Thursday lacked a major wow factor, as hopes for more new-customer news did not materialize. But there was some news that should excite investors.
U.S. online demand has been slower during this week’s deals events so far, Salesforce says October 10, 2024
Amazon.com Inc. said Thursday its Prime Big Deal Days was its biggest October shopping event ever, as Prime members took advantage of early holiday deals, pushing sales and number of items sold higher than during previous promotions.
Nike elevates another company veteran, as new CEO prepares to take reins October 10, 2024
Nike Inc. on Thursday said it would bring in another three-decade company veteran to lead its business in North America, in an effort to rejuvenate demand as its new chief executive prepares to come aboard.
Here’s how bond ETFs fared as investors parsed new inflation, jobless-claims data October 10, 2024
This week’s ETF Wrap shines the light on bond-fund performance as investors on Thursday weighed fresh inflation and jobless-claims data.
PepsiCo probably raised its prices too much, and now it’ll have to pay, analyst says October 10, 2024
PepsiCo Inc. hiked its prices through the pandemic and the supply disruptions that followed, and now the beverage and snacks giant could have to reverse course with more discounts, TD Cowen analysts said Thursday in downgrading the company’s shares.
‘She can’t even buy groceries or put gas in her car’: My friend’s husband died, leaving her with three young children, no job and $15,000 in credit-card debt October 10, 2024
“She is planning to sell their house and should net between $75,000 and $100,000 on the sale of the property.”
‘It’s so unfair!’ I’m miserable in my job. I’m 58 and have $1 million in a 401(k) and Roth IRA. Can I afford to quit? October 10, 2024
“Currently, I live comfortably on $5,000 a month, but I could probably live on $3,500 a month.”
‘I am now an empty nester’: I encouraged my two adult sons to move out. I was anxious and scared — now my heart is full October 10, 2024
‘With the sale of the house, I was able to pay off some small debts, and now I am 100% debt free’