Idea of the Week
Utilities are not usually considered the most exciting investments, but there are environments in which they shine. When markets are trading sideways-to-lower, investors tend to seek safety in lower-beta, high-yielding stocks like utilities and REITs. Right now, utility stocks are showing signs of intermediate-term downside exhaustion that support a counter-trend relief rally, and better relative performance, as the broader market digests its gains via a consolidation phase.
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