Utilities Slide Makes Valuations Look More Reasonable
March 16, 2020 at 11:12 AM EDT
The utilities sector and ETFs, such as the Utilities Select Sector SPDR (NYSEArca: XLU), haven’t lived up to their defensive reputation amid the COVID-19 pandemic, but recent weakness in the group has made valuations a bit more reasonable. Defensive utilities are typically more stable stocks...