Don't get overexposed to Tesla and Apple - investment analyst
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Investment analyst Emma Wall warned investors not to let strong gains in stocks like Tesla (NASDAQ:TSLA) and Apple (NASDAQ:AAPL) allow them to get overexposed to these megacaps.
Speaking to CNBC on Tuesday, the head of investment analysis and research at Hargreaves Lansdown suggested that further near-term gains for these stocks might be hard to come by and that booking profits now would let investors diversify their portfolios.

"Now is probably not [the time] to buy Apple or Tesla shares," she said.
Wall noted that both TSLA and AAPL belong to the S&P 500, meaning that exposure to that index through investments like ETFs can also provide exposure to those high-profile names.
As such, she advised investors to look their holdings in these stocks and use that as a benchmark of whether they need to broaden their portfolios to avoid becoming overly concentrated in stocks like AAPL and TSLA.
"It's probably not the time to be buying more U.S. stocks, particularly those that are digital consumer, new economy," she said. "If you already have exposure to them, taking some gains but keeping those exposures in a diversified portfolio is no bad thing."
Both AAPL and TSLA got off to strong starts to the new year. TSLA saw its shares jump 14% on the first trading day of the year, bolstered by strong Q4 delivery data. At the same time, AAPL set a fresh all-time high and became the first stock to touch the $3T mark in market cap.
These advances added to momentum both stocks saw in late 2021. To see how TSLA and AAPL outperformed the market last year, head over to this chart.