This kind of move is never permanent. But industry leaders that were severely overpriced in June have become bargains in August. And investors who buy at this month’s lows likely will sit on solid gains in the fourth quarter, a period of seasonal strength for the utility sector.
The past month’s market action is a harsh demonstration of the folly of chasing momentum. But those who waited have a dog-day opportunity to buy solid, high-yielding utility stocks at favorable prices.
Let’s delve into three important themes that have emerged in the essential-services space:
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Warning: Falling Dividends.
Roger's current take and vital statistics on more than 200 essential-services stocks.