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Investing Topics: Investment Strategy

A Year of Dangers and Opportunities

By Roger S. Conrad on Jan. 8, 2018
The Conrad’s Utility Investor model portfolios turned in a strong performance last year. We review our strategy and how we plan to keep the streak going in 2018.

Picks and Pans for 2018

By Roger S. Conrad on Jan. 8, 2018
We review our top picks from last year and highlight our favorite stocks for 2018.

Year-End Housekeeping

By Roger S. Conrad on Dec. 10, 2017
With 2017 winding down, investors’ focus naturally shifts to portfolio maintenance and positioning for the new year. We review our big winners for potential profit-taking and our few laggards for tax-loss selling.

A Handful of Upgrades

By Roger S. Conrad on Oct. 8, 2017
Company-specific developments warrant higher buy targets for a trio of our Portfolio holdings.

Learnings from Earnings

By Roger S. Conrad on Aug. 14, 2017
Even in this late-stage bull market, savvy investors can still find bargains without making too many concessions to quality. You just need to know where to look.

A Dip, But No Dive

By Roger S. Conrad on Jul. 9, 2017
Does the Dow Jones Utility Average’s recent pullback mark the start of a reversion to the mean?

Distinguishing the Buys from the Sells

By Roger S. Conrad on Jun. 12, 2017
Despite lofty valuations in the utility sector, 16 of our Portfolio holdings still trade below our buy targets. We highlight some of our favorite opportunities for conservative and aggressive investors.

Strong First-Quarter Results, But Mind the Valuation Gap

By Roger S. Conrad on May. 14, 2017
Utility stocks offer exposure to strong underlying fundamentals, but historically elevated valuations mean that investors must stay disciplined.

Pick Your Prices and Your Stocks

By Roger S. Conrad on Apr. 15, 2017
With first-quarter earnings season around the corner, we explain how investors can tune out the noise and focus on what really matters.

Utilities: A Stock-Picker’s Game in 2017

By Roger S. Conrad on Mar. 12, 2017
Shares of utilities and other essential-service companies have slipped from the highs hit earlier this month, reducing the number of Portfolio holdings that trade above our value-based buy targets to 14. Whether this wavering marks the start of another leg down for the Dow Jones Utility Average remains to be seen. However, the recent rally creates a high bar of expectations and increases the risk that investors will view any hiccup as an excuse to take profits. This month’s feature article highlights some of the macro catalysts that could send utility stocks lower. The current environment favors stock-picking over broad-based exposure, a point underscored by the widening discrepancy between the top and bottom performers in the utility sector. Although the Dow Jones Utility Average posted a total return of 18.2 percent last year, the index’s top performer beat the worst by 39 percentage points. This performance gap stands at 20 percentage points this year, despite the Dow Jones Utility Average gaining 5.4 percent. A retrenchment to normal valuations would widen this range. At this point, only 37 stocks tracked in our 205-company Utility Report Card trade below our buy targets. In fact, several dozen best-in-class names that earn A or B Quality Grades in our proprietary system trade at levels where investors should consider taking a partial profit off the table.  

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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