October 15, 2018

5 Utility Stocks to Save From the Wreckage


Dip-buyers wary of volatility should consider more stable utility stocks



Utility stocks could become more popular soon. Amid the trading volatility of recent days, many of the stock market’s usual best performers made a hard turn downward. Such moves cause many investors to rethink their investing strategies. Instead of going for the stocks they believe will go up the furthest, they turn to more stable equities.

Utility stocks have become a common choice in such an instance. While they may see less stock price growth, they also tend to produce both profits and steady amounts of cash flow. Moreover, whether the economy booms or busts, people tend to keep paying their utility bills. This reinforces the stability of utility stocks.

Investors should also note that the Utilities Select Sector SPDR ETF (NYSEARCA:XLU), which tracks the utility sector, has risen by almost 3% so far in October. Not only have these stocks to buy not seen the effects of the October swoon, but they have also grown in value as other stocks retreated. Additionally, with their steady stream of cash flow, these companies will likely provide a stable source of dividend income.




Investors should find especially promising returns in the following companies:






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