For most of my career I did not spend much time on utility stocks. Almost by definition they have limited upside, and they depend heavily of state regulators. However, there is a lot to learn from utility stocks, so please be patient. Since short-term interest rates have gone from 0% to 4%+ over the last 6 months many of these stocks are well off their highs. The good news is these stocks are relatively indifferent to levels of economic activity. The bad news is these stocks are highly dependent on changes in interest rates.
Thinking About Utility Stocks
Thinking About Utility Stocks
Thinking About Utility Stocks
For most of my career I did not spend much time on utility stocks. Almost by definition they have limited upside, and they depend heavily of state regulators. However, there is a lot to learn from utility stocks, so please be patient. Since short-term interest rates have gone from 0% to 4%+ over the last 6 months many of these stocks are well off their highs. The good news is these stocks are relatively indifferent to levels of economic activity. The bad news is these stocks are highly dependent on changes in interest rates.