5 Utility Stocks at the Forefront of the Recent Rally
American Electric Power(AEP) Zacks Investment Research·2024-05-13 23:21
The utility sector, which tends to outperform when the economy is in a downturn, staged a nice comeback, gaining 8.5% since the start of April. The solid returns have made it the top-performing S&P 500 sector of the second quarter and the third-best-performing sector year to date. The prospect of rate cuts this year, a slowing economy and solid industry fundamentals buoyed the rally.While many stocks have powered the sector, we have highlighted five that led the way higher in the past month and saw positive ...