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Utilities Stocks Are Finally Rising When the Broader Market Drops - Barron's

Aug 2, 2024, 2:56 PM EDT1 sourcesAI-analyzed

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Utility stocks, including ED, are breaking key performance levels. ETF XLU shows 4% increase, indicating improved investor confidence in utilities. Falling 10-year Treasury yields enhance the appeal of utility dividends. Analysts predict 8% annual earnings growth for utility sector until 2026. Sustained performance relies on continued dividend growth and favorable bond yields.

  • Utility stocks, including ED, are breaking key performance levels.
  • ETF XLU shows 4% increase, indicating improved investor confidence in utilities.
  • Falling 10-year Treasury yields enhance the appeal of utility dividends.
  • Analysts predict 8% annual earnings growth for utility sector until 2026.
  • Sustained performance relies on continued dividend growth and favorable bond yields.

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