In practically any market environment, utility stocks make sense. Short of food and water, nothing could be more critical than essential services.
However, when the economy – while booming in one respect from the blistering job numbers – is facing challenges such as inflation and high interest rates, people tend to monitor their spending. However, they can’t cut the essentials. Therefore, companies in the utilities business tend to be relatively insulated from broader headwinds.
On the other hand, these ideas are boring. Still, boring could be good at this juncture. With that in mind, here are utility stocks to consider.
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