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Tech stocks including Apple won't outperform in 2021 as economy reopens from coronavirus, Wharton professor Jeremy Siegel says | Markets Insider

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Tech stocks including Apple won't outperform in 2021 as economy reopens from coronavirus, Wharton professor Jeremy Siegel says

that he doesn't think many tech names including Apple will outperform the broader market next year.

The professor of finance said that he is not remaining bullish on high-flying stocks in the Nasdaq. He said soaring tech stocks including Tesla, Zoom, and Docusign got"crazy," while FAANG names are more solid, but still won't beat the market in 2021. "I think among the Apples and all the rest, they're high. I don't think they're going to outperform in 2021 as the economy reopens and we get out of COVID, but they're not as crazy," Siegel said.

 

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