XBI - Satori Fund's Dan Niles Names Amazon Meta Top Stocks To Own In 2024 | Benzinga
Satori Fund founder and portfolio manager Dan Niles is out with his top stock picks for 2024 and two Magnificent 7 names are at the top of the list.
What To Know: The Satori Fund's top picks for this year are a mixture of offensive and defensive names, as the firm believes the S&P 500 could either rally significantly in 2024 or suffer a sizable drawdown, depending on the Federal Reserve.
"We believe the S&P could gain another 20% (10% from earnings growth and another 10% from multiple expansion) if the Fed does in fact engineer the first soft landing since 1995," Niles said Wednesday in a social media post.
TOP 5 PICKS 2024
As a reminder, Our initial Top 5 picks coming into 2023 had a skew of defense and offense. Those were:
1) – Our favorite megacap w/ low valuation & growth
2) – Japan abandoning Yield Curve Control eventually
3)