DIRS.INFO The most relevant business & tech news

☆ A polluting, coal-fired power plant found the key to solving America’s biggest clean energy challenge
▼ + stars: | 2024-09-16 | by ( Ella Nilsen | Bill Weir | ) edition.cnn.com time to read: +7 min

Becker, Minnesota CNN —The smokestacks on the aging Sherco coal power plant tower over gleaming solar panels that stretch across thousands of acres of farmland. The polluting coal plant is on its way out, scheduled for retirement in the next five years. Experts say this is the secret to solving America’s clean energy dilemma: There is more electricity from clean energy waiting to get connected to the grid than the entire amount of energy currently on the grid. A view of Sherco power plant, which has been operating since the 1970s and is slated for full retirement by 2030. But the reality is, it’s there.”From super-polluters to clean energy juggernautsThe answer to supercharging clean energy could lie inside some of the most polluting power plants in the US.

Persons: Becker, Julian Quinones, CNN Xcel Energy's Ryan Long, Evelio Contreras, ”, Ryan Long, Xcel, Umed Paliwal, Rob Gramlich, “, ” Gramlich, Sherco, Bill Weir, Sonia Aggarwal, that’s, ” Long, we’ll, ” Julian Quinones, Pete Wyckoff, ” Wyckoff, ” It’s, Tim Walz, ” Wykoff, “ We’re Organizations: Minnesota CNN, CNN, University of California, UC Berkeley, Disney, Energy, Xcel Energy, Minnesota Commerce, Democratic Locations: Minnesota, Upper Midwest, University, University of California Berkeley, Berkeley, White, Illinois, Virginia, Becker , Minnesota

☆ 'Boring is good': Here's where investors should look for safety amid rising uncertainty, according to BofA's stock strategy chief
▼ + stars: | 2024-09-16 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

Traders should look to financials, utilities, and real estate stocks, Savita Subramanian says. Subramanian pointed to large-cap value stocks, and said they "look incredibly attractive." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTraders should look to avoid risks and hide in safe dividend stocks as the market faces rising uncertainty, Bank of America chief equity strategist Savita Subramanian said.

Persons: Savita Subramanian, Subramanian, — Organizations: Service, of America, Bloomberg Television, Business

☆ Here are Monday's biggest analyst calls: Tesla, Nvidia, Apple, Oracle, Carvana, Micron, Sprouts, Zillow, Coca-Cola & more
▼ + stars: | 2024-09-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Alphabet as outperform Evercore says it's sticking with shares of the search giant. Morgan Stanley reiterates Micron as equal weight Morgan Stanley lowered its price target on the stock to $100 per share from $140. Morgan Stanley reiterates Tesla overweight Morgan Stanley says it's sticking with its overweight rating heading into Tesla's robotaxi day on Oct. 10. Morgan Stanley upgrades Ase Technology to overweight from equal weight Morgan Stanley said in its upgrade of Ase that the chipmaker's stock is defensive. Morgan Stanley upgrades Chart Industries to overweight from equal weight Morgan Stanley says the gas liquefication company has "significant exposure to both energy transition and renewables as well as traditional energy."

Persons: Evercore, Morgan Stanley, Tesla, Simon, Eaton, Wells, Pro Max, Carvana Evercore, Jack Sinclair, Curtis Valentine, Merchant Scott Neal, BTIG, Truist, Melius Organizations: DOJ, Micron, Technology, Industries, Citi, downgrades Colgate, Palmolive, CL, Barclays, GE, GE Vernova, JPMorgan, Apple, Pro, Ally, Mizuho, Oracle, " Bank of America, Nvidia, Bank of America Locations: Tesla's, Staples

☆ Pourreza: Domestic manufacturing and grid electrification are driving increased energy demand
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPourreza: Domestic manufacturing and grid electrification are driving increased energy demandShahriar Pourreza, Senior Managing Director for the Energy, Power, and Utilities team at Guggenheim, says a rate cut won't significantly impact utilities. He sees a 9% undervaluation due to growing energy demand and picks NextEra as a top renewable energy developer.

Organizations: Energy, Power, Utilities, Guggenheim

☆ Trump and Harris are both fans of solar power. That's good news for these 4 stocks.
▼ + stars: | 2024-09-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

During the recent debate, both Vice President Kamala Harris and former President Donald Trump expressed their support for solar energy. Trump said he was a "big fan" of solar power, and Harris doubled down on her support for clean energy. Trump caveated his support of solar power, saying that solar plants take up "400, 500 acres of desert soil." AdvertisementInvesting in solarFor investors interested in increasing their exposure to solar energy solutions, Baker shares the following 4 investments. These companies provide solar power offerings across the entire renewable energy value chain.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Graeme Baker, Baker, David Bianco, she'll, Biden, He's Organizations: Service, Business, Environment, Big Tech, Microsoft, Green, Deal, Environment Fund

☆ Resist the temptation of AI and bet on safe defensive stocks, Wall Street analysts say
▼ + stars: | 2024-09-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

More analysts are recommending "defensive" shares over AI plays as macro conditions change. With some questioning the AI rally, investors could benefit from non-tech growth companies, an analyst said. Similar to BofA's call, Morgan Stanley's Mike Wilson last week called the AI theme "overcooked" and said investors should shift to defensive shares. But in tune with what others had said, Diton also touted that utilities stocks as one meaningful investment to make right now. As bullish on AI as he may be, he warned that the market has become extremely concentrated in tech's leading names, and investors need to diversify.

Persons: —, Morgan Stanley's Mike Wilson, Brad Conger, Hirtle Callaghan, Conger, Morgan Stanley's Wilson, Eric Diton, Diton Organizations: Service, Nvidia, P Global Semiconductor, Bank of America, Vanguard, JPMorgan, Wealth Alliance, Federal Reserve Locations: BlackRock

☆ The 2 things that will determine whether last week's stock market rally will continue this week
▼ + stars: | 2024-09-15 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The S & P 500 rebounded 4% this past week, almost clawing back all of the prior week's horrible decline. Fed watch The Fed is the big market event this week. ET: Fed rate decision Before the bell: General Mills (GIS) After the bell: Steelcase (SCS) Thursday, Sept. 19 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Jensen Huang's, Goldman Sachs, Jim, Huang, Lisa Su, Su, Vimal Kapur, Morgan, Brian Niccol, Wells, Morgan Stanley, Jerome Powell, They're, Lennar, Doug Yearley, Mills, LEN, Jim Cramer's, Spencer Platt Organizations: Federal, Dow, Nasdaq, Nvidia, Club, Technology, CNBC, Oracle, Devices, TAM, Apple, Honeywell, Starbucks, Barclays Global Financial Services, Fed, FedEx, homebuilder, Home Depot, Darden, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Las Vegas, U.S, America, Horton, New York City

☆ My dad sacrificed everything to retire early — only to die before he could enjoy it. I'll never recommend early retirement to anyone.
▼ + stars: | 2024-09-15 | by ( Rebekah Sanderlin | ) www.businessinsider.com time to read: +9 min

But his plan had always been to retire early. At 50, he could retire early, and have plenty of time to do whatever he wanted. AdvertisementThe author wearing the diamond studs her father bought for her, which she almost never takes out. That old designer diaper bag now serves as my laptop bag, a reminder of everything I learned from my dad. I plan to slow down as I age, but I don't plan on ever retiring.

Persons: —, I've, Rebekah Sanderlin, would've, hadn't, wouldn't, he'd, Christal Marshall, I'm, Jane Zhang Organizations: Service, Business, Sam's Club, Affordable, Medicare Locations: Hawaii

☆ 2 things millennials tend to spend way too much money on, according to financial planners
▼ + stars: | 2024-09-13 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

Financial planners say millennials have a few not-so-great spending habits. According to financial planners, there are two things millennials overspend on way too often. AdvertisementFinancial planners say it's OK to spend your money on these things, but it becomes a problem when it doesn't fit into your budget or you're not meeting your financial goals. "I think most people, not just millennials, don't really have a budget and don't know how much they spend. This will help you figure out your discretionary spending budget once you've covered your priorities.

Persons: —, they've, Clari Nolet, Hewins, millennials, Nolet, doesn't, Asad Gourani, you've, lattes, Gourani Organizations: Service, AG Wealth Management

☆ Canada and New Zealand are among the 10 best countries for a comfortable retirement—the U.S. didn't make the list
▼ + stars: | 2024-09-13 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

U.S. News and World Report ranked the best countries for a comfortable retirement in 2024. A recent U.S. News and World Report ranked the best countries for a comfortable retirement based on an international survey of nearly 17,000 people and a subset of 5,900 respondents in their mid-40s and older. Switzerland is the best country for a comfortable retirementFor the second year in a row, Switzerland is the best country for a comfortable retirement. The 10 best countries for a comfortable retirementSwitzerland New Zealand Portugal Australia Spain Canada Denmark Netherlands Sweden Luxembourg New Zealand is the No. 2 best country to retire comfortably, up two spots from last year.

Persons: New Zealand Beverly Goldschmidt, Istock Organizations: . News, U.S . News, U.S, European Union, Switzerland New Zealand, Switzerland New Zealand Portugal Australia Spain, Switzerland New Zealand Portugal Australia Spain Canada Denmark, New Zealand, Getty Locations: U.S, Florida, Delaware, United States, Mexico, Malaysia, Dominican Republic, Switzerland, Smartasset, New Jersey, Switzerland New Zealand Portugal, Switzerland New Zealand Portugal Australia Spain Canada, Switzerland New Zealand Portugal Australia Spain Canada Denmark Netherlands Sweden Luxembourg New Zealand, New Zealand, New

A woman holds a sign with former President Donald Trump's mugshot while riding the Arizona GOP's float at the Navajo Nation parade on Sept. 7. A man holds a Harris-Walz sign at the Navajo Nation parade in Window Rock, Arizona. Nez, who was swarmed by young children asking for his autograph, served as president of the Navajo Nation for four years until 2023. “One big thing is fixing the roads on the Navajo Nation, putting highways on those dirt roads. The Navajo Nation also used over $520 million in funding from a Biden-backed law to “nearly double” new infrastructure building, the Navajo president’s office announced this year.

Persons: surrogates, ”, Lomakoyva Manuel, Lorinda Strayhorn, Leo Mann, Mann, Donald Trump's mugshot, Alex Tabet, “, Joe Biden, Manuel, Strayhorn, Roland, “ I’m, Harris, Walz, Sen, Theresa Hatathlie, ” Hatathlie, Gina Swoboda —, Swoboda, Trump, Kari Lake, ” Lake, they’ve, Ruben Gallego, Gallego, ” Gallego, he’s, Jonathan Nez, Arizona’s, “ Ruben Gallego, He’s, Eli Crane, Denzel Bia, Steve Blackrock, Deb Haaland, Halee Dobbins, ” Swoboda Organizations: —, Navajo Nation, Republican, Democratic, NBC, Uplift, Arizona, State, NBC News, Safeway, NBC News Democratic, Navajo, Trump, “, Republican Senate, Democratic Rep, Indigenous, American Child Protection, Senate, Congressional, Democrat, Biden, Interior Department, Republican National Committee’s Locations: Navajo, Albuquerque , New Mexico, Nazlini , Arizona, Arizona, Data, Phoenix, Rock , Arizona, Farms, Black Mesa , Arizona, Republican National Committee’s Arizona

☆ The current market is 'directionless,' one CIO says, naming 6 stocks he likes right now
▼ + stars: | 2024-09-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Defensive and dividend plays Alexander's strategy in playing the market right now is through defensive sectors and dividend players. As for dividend plays, Alexander is bullish on the utilities and telco sectors amid falling Treasury yields . Big pharma plays Alexander is also likes health-care and biotech players, especially big pharmaceutical companies producing products serving medical needs. Names he likes include AbbVie , AstraZeneca , Novartis and Johnson & Johnson . Johnson & Johnson, meanwhile, has been building out a "pipeline of drugs," Alexander added.

Persons: Ted Alexander, we've, we're, Alexander, it's, bullish, Durex, They've, Mead Johnson, Johnson Organizations: U.S, U.S . Federal, Sydney, Telecommunications, AT, Verizon, Frontier Communications, London Stock Exchange, Big pharma, AstraZeneca, Novartis, Johnson Locations: U.S ., South Dallas, U.S

☆ Just the Facts – Energy and the Environment: Steve Ballmer Talks Through the Number
▼ + stars: | 2024-09-12 | by ( Sponsor Post | ) www.businessinsider.com time to read: +11 min

The federal government and many state governments are passing laws and regulations designed to reduce our use of fossil fuels and increase renewable energy production. Now let's talk about energy production. Big picture, America's production of oil, natural gas, and renewables is growing with natural gas growing most of all. In 1950, natural gas was about 18% of total US energy production. As for oil, US domestic crude oil production has more than doubled since 2000.

Persons: Steve Ballmer, That's Organizations: Insider Studios, LA Clippers, US, Buildings, Transportation, Global Locations: United States, America, China, Russia, Ukraine, Venezuela

☆ 38-year-old grew up playing Monopoly in Nicaragua: Now she has a Yale Ph.D., 4 rental properties and $268,000 in household income
▼ + stars: | 2024-09-12 | by ( Kamaron Mcnair Valentina Duarte | Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +11 min

"I love how you can invest in properties, you earn money, you have to save money to wait for the best property. Though they may not have pushed Tello-Trillo into economics, her parents taught her about money from a young age. "I see money as a thing that you work really hard for, and then if you want to spend money [it's] because you really, really value something," she says. "But it has to be something that I really, really like, and it has to be something that is going to be useful either for the family or for the home." She and her husband split household expenses equally, and Tello-Trillo handles the mortgage payments for her rental properties on her own.

Persons: Cristina Tello, Trillo, that's, Sebastian, Leo, Tello, she's, Peru wouldn't, Roth Organizations: CNBC, Monopoly, Pontificia Universidad Catolica of, Tello, U.S . Census Bureau, University of Maryland, Washington , D.C, Yale University, YouTube, Leo Insurance, Netflix, Spotify, Amazon, Amazon Prime Locations: Peru, Nicaragua, Pontificia Universidad Catolica of Peru, Bethesda , Maryland, Washington ,, Rochester , New York, Tello, —, Bethesda, Rochester, Shenandoah, Northern Virginia

☆ Ron Insana: Even as inflation cools, markets show that risks to the soft landing are rising
▼ + stars: | 2024-09-11 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

What people say about growth and inflation doesn't matter much anymore – even as the latest consumer inflation report shows a cooling trend. That means a notable drop in both wholesale and consumer prices is coming down the road. Now, it appears that the U.S. is slipping behind the rest of the world, turning its policy actions toward growth risks rather than inflation risks. It's also important to remind Fed policymakers that there is ample evidence of slower consumer spending among middle-to-lower income families. Further, recent revisions to job growth in the 12-month period through March 2024 confirm that a soft landing is at risk.

Persons: Stocks, that's, We're, It's, Ron Insana Organizations: Treasury, U.S ., CNBC Locations: China, U.S

Financial planner Nadine Burns says with the right strategy, you can reach your retirement goals. Below, Burns shares the strategy she uses to help her clients achieve their retirement goals. Understand your net worthBurns says understanding your net worth — and tracking it throughout your working years — is the first step to retiring comfortably. Your net worth should rise throughout your working years and allow you to retire with more assets than debts. To find your net worth, add up all of your assets then subtract your debts.

Persons: Nadine Burns, It's, —, Burns, you've, doesn't Organizations: Service, Social Security, Invest, IRA

☆ The AI theme is 'overcooked' and investors should take shelter in quality defensive stocks, Morgan Stanley's CIO says
▼ + stars: | 2024-09-11 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

In the meantime, they should take shelter in quality defensive stocks, Morgan Stanley says. We just got overcooked on the whole AI theme," Wilson said. AdvertisementWith the AI rally fading for now, Wilson says investors are waiting for a new theme to emerge, and taking shelter in "quality defensive stocks" in the meantime. "In our view, a slowing labor market is consistent with a late cycle backdrop and quality + defensive leadership," Wilson wrote. AdvertisementLast month, Wilson's team added three new quality defensive stocks to its "Fresh Money Buy List," which now totals nine stocks.

Persons: Morgan Stanley's Mike Wilson, Wilson, —, they're, Morgan Stanley, Mike Wilson, Morgan, We're Organizations: Service, Bloomberg Surveillance, Nvidia, Semiconductor

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Spotify, Arm, Robinhood, Alphabet, Shopify, Disney & more
▼ + stars: | 2024-09-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Goldman Sachs downgrades Morgan Stanley to neutral from buy Goldman said it sees better value elsewhere than Morgan Stanley. Goldman Sachs upgrades Evercore to buy from neutral Goldman said the investment banking firm is "best in class." JPMorgan reiterates Nvidia as overweight JPMorgan said stocks such as Nvidia are "strong beneficiaries in the emerging AI arms race." Morgan Stanley reiterates Arm as a top pick Morgan Stanley said it's sticking with its overweight rating on the semiconductor chip company. Bank of America reiterates Apple as buy Bank of America said it's standing by its buy rating on shares of Apple.

Persons: Goldman Sachs downgrades Morgan Stanley, Goldman, Morgan Stanley, Goldman Sachs, Rosenblatt, Canaan, Jefferies, Williams, Guggenheim, it's, orals, it's bullish, Bernstein, Robinhood, Wells, Shopify, Truist, Wolfe Organizations: NASDAQ, JPMorgan, Viking Therapeutics, Citi, Apollo Global Citi, APO, U.S, " Bank of America, Novartis, Bank of America, Nvidia, Apple, Spotify, Disney, AES, ~$ Locations: Canaan, Williams, Sonoma, 2030E

☆ This volatility-resistant area of the stock market is ripe for outperformance after two decades of decline, according to Bank of America
▼ + stars: | 2024-09-11 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

According to Bank of America, one area of the market is set to benefit from increased market volatility: quality stocks, or stocks with strong business models and financial fundamentals. And the cherry on top is that quality stocks — which typically become expensive during downturns — are still cheap despite their recent rally, coming out of a two-decade rut. As seen in the graph below, the high-quality factor serves as a hedge against elevated market volatility. Bank of AmericaQuality is still cheapLuckily for investors, this safe-haven area of the stock market is trading at an attractive valuation. Bank of AmericaWhile quality stocks have recently re-rated to a slight premium, they're still reasonably priced, according to Bank of America.

Persons: —, Subramanian, Financials, Schwab Organizations: Service, Bank of America, Business, PMI, Investors, of, Companies, Equity Locations: of America's

☆ Stocks won't hit new highs anytime soon and 3 things mean the market is fairly valued, Wells Fargo says
▼ + stars: | 2024-09-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The S&P 500 probably isn't hitting fresh highs anytime soon, according to Wells Fargo. AdvertisementThe stock market's long winning streak may be done for now, Wells Fargo said. That's because to a trifecta of headwinds will cap gains for the S&P 500. "For these reasons, we find it unlikely that the S&P 500 Index will reach meaningful new highs in the coming months." Since then, growth fears have overshadowed excitement about rate cuts, and questions about the sustainability of the AI rally have dented tech bullishness.

Persons: —, Wells Fargo, Stocks, Kamala Harris, Donald Trump Organizations: Service, Federal, Fed, Investor Locations: Wells Fargo

☆ EV charging and range are improving. People still don't want to go electric.
▼ + stars: | 2024-09-10 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

Read previewWe're getting closer to a cure for range anxiety, so why don't more people want an EV? This dip in demand is reflected in a stagnation in EV sales growth over the past year as companies adjust to a new crop of more practical green-car shoppers. Battery-powered cars accounted for a record 7.6% of all car sales in 2023, according to Kelley Blue Book, up from 5.9% in 2022. Affordability is also a key issue for today's electric car shoppers, an issue the industry has tried to address with lower sticker prices. But EV shoppers have found a new cost to angst over.

Persons: —, EY, Marc Coltelli, Kelley, EVs, it's, Power, Raman Ram Organizations: Service, Business, Power, Utilities, Industry, EV, Pew Research, Department of Energy, Americas Aerospace, Defense Locations: Americas

☆ It's not time to shift into defensive stocks just yet, New York Life's Goodwin says
▼ + stars: | 2024-09-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Lauren Goodwin, economist and chief market strategist at New York Life Investments, told CNBC that winning stocks are unlikely to fit neatly within defensive sectors at this point in the economic cycle. Another thing for investors to consider is that some of the traditional defensive sectors have already been on an upswing. Meanwhile, the Consumer Staples Select Sector SPDR Fund (XLP) is up 9%, and Health Care Select Sector SPDR Fund (XLV) is up more than 6%. XLU mountain 2024-07-01 Defensive stocks like consumer staples have performed well in the third quarter. Instead of moving to defensive stocks, investors should focus on looking for ways to lock in higher yields in fixed income before the Federal Reserve begins cutting rates, said Goodwin.

Persons: Lauren Goodwin, Goodwin Organizations: New York Life Investments, CNBC, Consumer, Federal Reserve Locations: U.S

☆ Small caps are outperforming large caps. How to use charts to find buy candidates in the group
▼ + stars: | 2024-09-10 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Then on July 11, things really got started as June CPI came in below expectations and the outlook for the first Fed rate cut became significantly more likely. Let's drill down into the sectors that makeup the Russell 2000 to see who's leading and lagging since that July 5th turning point. Let's find out who is actually profitable and could maintain the rally after the initial shine of a fresh rate cut wears off. Where to look in small caps A big component of the Russell 2000 based on market capitalization representation is health care at 18.7%. Should the Fed strike a dovish tone after the first rate cut I will be shopping for quality names.

Persons: Russell, Piper Sandler, Hamilton Lane, Jefferies, JEF, Todd Gordon, Gordon, ARES Organizations: Nasdaq, Inside Edge, CNBC PRO, Ares Management, Fed, CNBC, NBC UNIVERSAL Locations: financials

☆ A retired boomer who gets $1,662 in Social Security moved in with roommates to afford her medical bills: 'It's the only way I can afford to live comfortably'
▼ + stars: | 2024-09-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Still, getting by even in a one-stoplight town is challenging, given her $1,662 in Social Security only goes so far. "I now have roommates for the first time in my life, but it's a way to live comfortably," Marion said. AdvertisementRising costs and losing incomeMarion's father was in the military, and her family moved around the country as a child. She relied on Social Security Disability Insurance payments to keep her afloat, which were much less than her salary. She said her sister and her boyfriend are better off financially, as they get small pensions on top of their Social Security.

Persons: —, Marion, Marion's, She's, you've Organizations: Service, Business, Social Security, Nutrition, Social Locations: Washington, Ohio, Germany, Massachusetts , Florida , Michigan, Texas, Seattle, Mechanicsburg

☆ The utilities sector is up 20% in 2024. Analysts love these dividend-paying names
▼ + stars: | 2024-09-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Bank of America sees yet another tailwind for utilities: The sector is a way to play falling interest rates. To that end, CNBC Pro used FactSet data to screen the S & P 1500 utilities sector, looking for companies that meet the following criteria. A total return – the stock price plus the value of reinvested dividends – of at least 10% in 2024. The stock offers a dividend yield of 3.0% and has a 2024 total return of nearly 23%. Year to date, the stock has a total return of nearly 38%, and it offers a dividend yield of 2.5%.

Persons: Savita Subramanian, Garrick Rochow, Morgan Stanley, David Arcaro, Diego's, —, Fred Imbert Organizations: Constellation Energy, NRG Energy, Mizuho Securities, Bank of America, Utilities, Real, CNBC Pro, Street, CMS Energy, Consumers Energy, CMS, NextEra, Management, Google, CNBC, PPL Locations: Jackson, Michigan, , Florida, 1Q24, Allentown, Penn

Search resuls for: "" Utilities"

25 mentions found