Longtime bull Jeremy Siegel urges caution, says stocks could see a flat 2019 [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters Longtime stock bull Jeremy Siegel is urging investors to be cautious, saying numerous headwinds will keep stock prices muted for 2019. There are challenges that we face now, including rising interest rates, the midterm elections and U.S.-China trade tensions, the Wharton School finance professor said in a CNBC Squawk Box interview on Monday. I'm looking flattish for the coming year, he added. However, Siegel said he still favors stocks long term, adding it will be the best performing asset for investors looking out three to four years from now. The sell-off in emerging markets has presented unbelievable value in the near term, Siegel said. U.S. stock were higher in early trading Monday. Last week, the Dow Jones Industrial Average and S&P 500 managed to break three-week losing streaks, but the Nasdaq fell for a third straight week. The S&P and Nasdaq are on pace to post their largest monthly losses since January 2016 after
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- 4/25/24 - Beat
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- 4/26/24 - Form DEF
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- CMCSA's page on the SEC website