Reported 4 months ago
Josh Lipton and Julie Hyman discuss the market dominance in India's election and Apple's WWDC expectations. India's election results showed a narrow win for Modi, causing market volatility, but setting up a coalition government. Meanwhile, the WWDC is anticipated to reveal Apple's A.I. strategy. Bank of America Securities' analyst expects interest rate cuts, supporting utility stocks due to increased power demand from A.I., crypto, and EVs. The utility sector remains attractively valued even with expected capital investments to meet rising power demand.
Source: YAHOO