and have you -- had you listened to dan nile ifs on "the claman countdown" a year ago january, you would have ridden the meta wave to massive gains. that's what he said to buy. so do not miss dan today. he's going to reveal his best ideas for 2024. and why he is about to short one with of the magnificent seven stocks. okay, right here, right now there is a reason we're going to do what what we did at this time yesterday e when we hit the air with new york community bank shares imploding. that drop, if you see this morning and look at the intraday here, it continued. but after a plummeting about 7% to multidecade lows of $3.60, shares have recovered just a bit. they are back in the green at the moment, up 5.33% but still just at $4.43. okay, the turn-around is helpful, certainly, but at least to us the developments spiraline regional are starting to look an awful lot like the warning signs that unfurled a year ago right before the regional bank crisis. yesterday shares cratered 22% on news shareholders filed suit existence the company for allegedly hiding -- against the company for allege

i want to bring in sartori portfolio fund manager dan niles.he problem with the greater fool theory, it is like musical chairs, sooner or later there is nobody left to play. how much of this rally in your mind is chasing the winners? >> it is chasing -- it depends. you have to split this apart. if you're talking about a nvidia, a amazon, a meta, you're chasing the winners but also chairing the ones where the earnings have gone up the most. meta, for example, the estimates last year went up almost 90%. if you look at nvidia, the estimates tripled, you know, the stock tripled. the estimates quadrupled. it is actually cheaper today than it was then. now if you look broader you kang say, well apple, that stock was up 48% last year. well actually the estimates when down. tesla's stock doubled last year. well actually the estimates went down. so you're right in the sense that up until very recently it's been as you exactly pointed, chase the momentum, just look at the chart, don't worry about the fundamentals, it is going to be great but i think you

at stores everywhere without a prescription. >>> up next, tech investors dan niles joins us live forto miss stay tuned "squawk box" will be right back. . bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ >>> welcome back b back to "squawk box," our next guest saying the magnificent seven should be rebranded the fantastic four on that list, meta, amazon, microsoft, and nvidia. that stock, pointing more gains in the premarket this morning after a 16-point spike yesterday, juicing markets all around the world joining us right now, dan niles, founder and senior portfolio manager. i was going with the fancy four. fancy four >> i look the word, fancy. >> i

[closing bell rings] satori fund founder and very smart stock-picker dan niles joins us. you don't want to miss what dan is investing in now. stay tuned. my friend larry kudlow is next. ♪ larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well, the senate border bill looks like it is going down. nobody really knows what's going to happen in the house. we'll talk to senator tom cotton, congresswoman marjorie taylor greene. steve miller. the economy is stronger than expected but it could be all about government spending that will wind up doing greater harm. we talk to steve moore, e.j. antoni. america is still broken and can fix it. happy birthday ronald reagan. we'll get back to that happy thought in just a moment. but first up let's head to the white house for our own edward lawrence is standing by. edward, good afternoon. >> reporter: good afternoon, larry. president joe biden made the debate over the public, over the supplemental funding bill very political. in fact he added an event to his public schedule today and then in that event blamed everything on former

[closing bell rings] satori fund founder and very smart stock-picker dan niles joins us. ry kudlow is next. ♪ larry: hello, folks, welcome to

. >> i did note we had dan niles on yesterday during our 10:00, short apple and alphabet.s of alphabet, by the way, are getting beat up a little bit this morning, down 3.4%. guys, i don't know of any particular -- >> is it about this openai? >> there is a report. openai was going head-on against google. >> web search product powered by bing and take one more notch out of google's search dominance. that's the thought. >> and that has been -- listen, we have been talking about that as a possibility for quite some time in terms of what has been the lock that alphabet has on search and whether that would start to loosen as a result of the new offerings that will be available over time in a different way, perhaps, that will take you in a more -- for search as well. but do it in a very different way as a result of generative a.i. it's got to be a risk. it is one that obviously is being calculated by shareholders, and it's one reason why alphabet shares are flat more or less for the year, up some 0.8% as opposed to the likes of nvidia, up 47%. >> before we go to break, let's watc