Satori Fund's Dan Niles: 'Magnificent Seven' stocks should be renamed the 'Fantastic Four'

Dan Niles, Satori Fund founder and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, why he believes the 'Magnificent Seven' should be rebranded as the 'Fantastic Four', why he's taking three companies off the list, which company would be his top pick, and more.