Utilities. I am surprised how the many utility stocks I am following seem to rise and fall together in the past few days. Today, for example, except for one (GXP, up 5 cents), my screen shows all others down right now. And it's a diverse mix - geographical,gas, electric, regulated, non-reg.
Somebody mentioned utility stocks rise and fall with the price of oil, and that seems to be so, right now.
If so, I'm not thrilled with that. Just adds more volatility to the portfolio since I'm holding a significant amount of oil company shares. |
