Utilities: Stock Swoon Opens a Cheap Way to Play Defense Through the Downturn
Finally, some buying opportunities in the sector.
For the last two years, utilities were too cool to play defense for investors. The Morningstar US Utilities Index climbed 58% between February 2018 and February 2020, including dividends, trouncing the broader market, which was up only 36%.
Utilities take sharp dive as market revalues sector. - source: Morningstar
Travis Miller does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.