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Strategies & Market Trends : Young and Older Folk Portfolio

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From: chowder	5/9/2024 8:00:50 PM
	6 Recommendations Recommended By 1RustyNail dan1944 Jacob Marley peterad tdanzig and 1 more member Read Replies (2) of 21841

Re: Recession-proof stocks are leading the market's latest leg higher The Utilities sector entered March trading at its largest discount to the S&P 500 from a valuation standpoint (using a forward price-to-earnings ratio) since 2009, per Lerner. Meanwhile, Consumer Staples had underperformed the S&P 500 by almost 30% over the last year. This presented a potential buying opportunity in both traditionally "defensive" sectors. There have been clear fundamental drivers of why Utilities would catch a bid over the past month. Earnings for the sector are up 26.7% this quarter compared to the same period last year. That's the second-highest growth rate of any sector, per FactSet. And there's growing conversation around how increased interest in projects involving artificial intelligence and electric vehicles could boost electricity demand for companies within the Utilities sector. https://finance.yahoo.com/news/recession-proof-stocks-are-leading-the-markets-latest-leg-higher-135138102.html

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