Utility stocks have a lot to offer investors these days
These days, the news cycle is driving the show. It seems that every day, how the market finishes is 100% based on what’s going on with the trade war, what the Federal Reserve is doing, or just how good or bad the data has been. For conservative or investors near or in retirement, it can be maddening. Which is why utility stocks could be the best thing for their portfolios.
After all, utility stocks feature plenty of steady cash
flows and high dividends. It doesn’t matter so much what the economy is doing
as people still need to heat their homes, keep the water flowing, and power the
lights. This steadfastness makes utility stocks a prime choice for conservative
investors. And now with the Fed decreasing rates, other investors tend to like
them too.
No wonder why the sector proxy — the Utilities Select Sector
SPDR ETF (NYSEArca:XLU) — has gained over 21% year-to-date. That’s before
dividends.
As you can see, there is power in owning the power
producers. For conservative investors, the sector’s strength and boring nature
really do pay plenty of benefits in a market like this. With that, here are
five utility stocks worth buying today.
Comments
Post a Comment