After months of being the basement dweller of the S&P 500 sectors, utilities finally had their day.
At the beginning of September, a downbeat jobs report pushed Treasury yields down, giving the sector a needed bounce upward.
But the bounce didn’t last long and the sector started to pull back slightly.
The S&P 500 Utilities Sector SPDR ETF (NYSEARCA: XLU) — an exchange-traded fund tracking some of the biggest utilities stocks — jumped more than 35% since reaching a low in March 2020.
But it’s still 13.5% off its previous high set back in mid-February 2020.
In this episode of The Bull & The Bear, I’ll talk with Money & Markets Chief Investment Strategist Adam O’Dell and contributor Charles Sizemore about three utilities sector stocks.
We’ll examine what each of these three companies do and how they’ve performed recently.
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