Should utility stocks be at the top of retirees’ buy lists?
Retirees have been favoring these stocks for years, of course, and they have been handsomely rewarded. Over the last 20 years, for example, the Utilities Select Sector SPDR
has beaten the SP 500 index
by an annualized margin of 6.7% to 6.0%. It’s extraordinary for stocks as conservative as utilities to nevertheless beat the broad market over the long term.
But can we expect this 20-year run of outperformance to continue? To find out, I touched base with Kelley Wright, editor of the Investment Quality Trends newsletter. Wright is well suited to providing insight into this question, since his ne
Mark Hulbert has been tracking the advice of more than 160 financial newsletters since 1980.
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