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Investing Topics: Investment Strategy

Trumponomics: Six Observations for Income investors

By Roger S. Conrad on Mar. 10, 2018
Whether you support or oppose President Trump’s economic policies, they’re undeniably bold. Already we’ve seen unprecedented fiscal stimulus for an economic expansion this long-lived, the rollback of years of business regulation and the biggest push for trade protections since Smoot-Hawley.

Opportunity Knocks

By Roger S. Conrad on Mar. 5, 2018
The Dow Jones Utility Average hasn’t revisited its Feb. 9 low thus far. But the index is still down almost 15 percent from the all-time high reached in mid-November. Weakness in income-oriented equity groups reflects the pullback in the overall market and fears of rising interest rates. However, at these levels, very few high-quality names in our Utility Report Card remain at unsustainably high valuations and only six of our Model Portfolio holdings trade above our value-based buy targets—a stark contract to only a few months ago. Fourth-quarter results and earnings guidance also underscore that tax reform will provide more of a longer-term tailwind for the utility sector than a near-term headwind. Developments on the regulatory front have also been positive, with Duke Energy Corp (NYSE: DUK) settling its rate amicably and the Texas Public Utility Commission finally approving Sempra Energy’s (NYSE: SRE) takeover of Oncor Electric Delivery. By and large, utilities and the other essential-service companies in our coverage universe reported solid earnings and issued encouraging guidance. Bottom Line: The stocks will only fall so far as weakness in the market and interest rate fears pull them. Although the recent pullback has weighed on our overall returns, investors who followed our lead and took partial profits over the summer should have plenty of dry powder at their disposal.

Time to Buy, Judiciously 

By Roger S. Conrad on Mar. 5, 2018
The pullback in utility stocks has weighed on our overall returns, but this retrenchment means that all but a small handful of our Portfolio holdings trade below our buy targets. Investors who followed our lead and took partial profits over the summer should have plenty of dry powder.

02/06/18: Stay Disciplined

By Roger S. Conrad on Feb. 6, 2018
From peak to trough, the Dow Jones Utility Average has give up more than 16 percent of its value during the recent selloff. Many of our Portfolio holdings trade below our buy targets, but none of our picks have dipped below the dream prices highlighted in the February issue of Conrad’s Utility Investor.

Where Do We Go from Here?

By Roger S. Conrad on Feb. 4, 2018
Volatility creates opportunity. We review our three-part investment strategy for the current market.

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.



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