• Twitter
Generic selectors
Exact matches only
Search in title
Search in content

Executive Summary

Bear Market Values in a Wobbly Market

By Roger S. Conrad on Dec. 13, 2021

Welcome to the 101st issue of Conrad’s Utility Investor. And here’s to the next 100 plus!

With another coronavirus variant emerging and inflation the highest since 1982, it’s small wonder stocks are wobbling. But despite broad market uncertainty, the Dow Jones Utility Average is performing better than it has all year, up 8 percent since the end of September.

Utilities are the rare sector where earnings and dividends have grown into bull market prices. That’s no guarantee they won’t sell off if the stock market heads down. But investors with a longer-term horizon can buy the best in class at prices ensuring 10 percent plus annual returns, provided companies stay strong on the inside.

That’s not always a guarantee. In fact, it’s decision time for our two biggest losers this year: AGL Energy (ASX: AGL, OTC: AGLXY) and AT&T Inc (NYSE: T).

New Mexico regulators’ decision to reject the proposed acquisition of PNM Resources (NYSE: PNM) is cause to review our position in Avangrid Inc (NYSE: AGR). And a number of recommended stocks are on my “Trading Above Target list, making them holds for now.

Conrad's Utility Investor

Invest Smarter! Join Conrad’s Utility Investor!

What sets renowned income-investing expert Roger Conrad apart from the pretenders? His more than two decades of covering utility stocks and essential services—a wealth of knowledge and experience that you can’t find anywhere else.   

Smart investing. Taking advantage of real opportunities and not fads (and knowing the difference). Finding the companies and stocks that will deliver for the long haul, so investing lets you live instead of investing turning into your life. Roger Conrad has dedicated his career to these principles—and that’s what Conrad's Utility Investor delivers.

Subscribe today for instant access to a treasure trove of investment insight and knowledge, as well as Roger’s exclusive model Portfolios and ratings of more than 200 essential services.

MODEL PORTFOLIOS & RATINGS

ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b