Reported 21 days ago
Hennion & Walsh CIO Kevin Mahn discusses the attractiveness of the utility sector in the context of an expected interest rate cut. He emphasizes that utility stocks are appealing due to their high dividend yields and defensive nature, making them suitable during market volatility. Mahn also points out that these stocks could serve as a 'backdoor play' into the AI revolution, particularly given the power demands of data centers, highlighting companies like Southern Company, Sempra Energy, and NiSource as potential investment opportunities.
Source: YAHOO