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☆ Wharton's Jeremy Siegel says the S&P 500 isn't overvalued, even as it crosses 5,000 for the first time
  + stars: | 2024-02-08 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +1 min
Robust earnings and economic data have boosted equities to start 2024, with the S & P 500 briefly crossing the key 5,000-point threshold for the first time in history. But even with stocks at these lofty prices, famed Wharton professor of finance Jeremy Siegel doesn't believe that the market looks expensive, especially when viewing it from a longer-term lens. "I don't think right now the market is overvalued for a long-term investor by any means." In particular, Siegel pointed to strong company fundamentals to bolster his claim that equities are trading near their fair valuation. "When we think about 5,000, it wasn't long ago when we had some very big names telling us the S & P was going down to 3,600," Siegel said.
Persons: Wharton, Jeremy Siegel doesn't, Siegel, we've
☆ Wharton professor Jeremy Siegel doesn't see the mania around AI stocks as a bubble - and says it's impossible to predict where they'll peak
  + stars: | 2023-05-30 | by ( Zinya Salfiti | ) www.businessinsider.com   time to read: +2 min
The mania around AI stocks isn't a bubble, Wharton professor Jeremy Siegel told CNBC. While these tech stocks may be overvalued long term, no one can predict where they'll peak, he said. He contrasted current AI boom with the dot-com bubble of the 1990s where there were "tremendous valuations from companies that had no earnings." Siegel added that he thinks the S&P 500 could come out a winner from the banking turmoil that unfolded over the past few months because these mega-cap stocks have credit availability. "The problem is, if the credit conditions slow the whole economy, then there's going to be a slowdown in spending that can affect everybody — even though they have credit availability and liquidity in those stocks," Siegel added.
Persons: Wharton, Jeremy Siegel, —, Jeremy Siegel doesn't, Siegel Organizations: CNBC, Nvidia, Service, Microsoft, Apple, Silicon Valley Bank Locations: Silicon
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