7 Utility Stocks Built to Withstand Market Mayhem

In practically any market environment, utility stocks make sense. As I’ve said countless times before, bad things happen when people flip the switch and light fails to emerge. Further, short of food and water, nothing could be more critical than essential services. However, when the economy – while booming in one respect from the blistering job numbers – is facing challenges such as inflation and high interest rates, people tend to monitor their spending. However, they can’t cut the essentials. Therefore, companies in the utilities business tend to be relatively insulated from broader headwinds. On the other hand, these ideas are boring. Still, boring could be good at this juncture. With that in mind, below are utility stocks to consider. Duke Energy (DUK) Source: Jonathan Weiss / Shutterstock.com Specializing in the regulated electric subcategory, Duke Energy (NYSE: DUK ) represents one of the top utility stocks. Per its public profile , Duke generates, transmits, distributes and sells electricity in the Carolinas, Florida and the Midwest....

InvestorPlace - 4/28/2024 11:26:26 AM More News for DUK
Stock Analysis for DUK
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