The 2022 bear market for stocks and bonds entered a new, more destructive phase last month, following the Federal Reserve’s 75 basis point increase in the Fed Funds rate. And there’s every indication things will get worse before they improve. That now includes regulated utility stocks. The Dow Jones Utility Average hit a new dividend-adjusted all-time high on September 12. Since then, it’s down almost -19 percent, and underwater by -9.42 percent for the year including dividends. Utilities are still well ahead of the S&P so far in 2022. But they’ve actually performed considerably worse lately. And it’s fair to ask if something has changed for the sector, which up until a month ago was heading for a year of decent returns.
Invest Smarter! Join Conrad’s Utility Investor!
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.
Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
Harness the tried and true wealth-building power of rising dividends.
Nothing compounds wealth like reinvesting a rising stream of dividends.
Warning: Falling Dividends.
Roger's current take and vital statistics on more than 200 essential-services stocks.