Utility Stocks Performing Well

Utility Stocks Performing Well

Utilities and REITs, which are outperforming the broader market during the past week, hit record highs on Tuesday. The utilities sector is also the best performer in the past year.

Companies with high debt, such as utilities, get hit hard by rising interest rates as the cost of borrowing increases. Slowing global economic growth is expected to keep a hold on the Fed’s rate hike plans this year.

The REITs sector yields 4.3 percent, while the utilities yield 3.3 percent.

Mark Newton of Newton Advisors also sees the two sectors outperforming, though only over the short term.

Did you know the Mass Save program is funded by the major utility companies? Every month they take out a small fee depending on your usage and that money goes to fund the program. The program is something you pay for every month whether you take advantage of it or not, so why not save some money while helping out the planet?


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