This Defensive Sector Appears Undervalued
March 13, 2024 at 08:03 AM EDT
It appears the perfect storm against utilities stocks and the related exchange traded funds remains in place. Interest rates are high. Growth stocks are leading the market and inflation, though easing a bit, remains a drag on this capital-intensive sector. Still, the S&P 500 Utilities Index is higher by 1.17% year-to-date, which isn’t bad considering [...] The post This Defensive Sector Appears Undervalued appeared first on ETF Trends .
