S&P Futures
5,745.25 +6.75 (+0.12%) Dow Futures
41,959.00 +12.00 (+0.03%) Nasdaq Futures
20,073.75 +52.00 (+0.26%) Russell 2000 Futures
2,202.60 -6.00 (-0.27%) Crude Oil
70.55 +1.29 (+1.86%) Gold
2,760.60 +11.30 (+0.41%)
The Utilities Select Sector SPDR Fund (XLU)
After hours:
| Previous Close | 79.09 |
| Open | 79.29 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 2900 |
| Day's Range | 79.23 - 80.50 |
| 52 Week Range | 59.14 - 82.50 |
| Volume | |
| Avg. Volume | 10,712,663 |
| Net Assets | 18.44B |
| NAV | 79.93 |
| PE Ratio (TTM) | 28.11 |
| Yield | 2.74% |
| YTD Daily Total Return | 29.09% |
| Beta (5Y Monthly) | 0.74 |
| Expense Ratio (net) | 0.09% |
| Inception Date | 1998-12-16 |
- Yahoo Finance Video
Utilities are a 'backdoor play' into AI trade: Strategist
As the so-called "Magnificent Seven" tech companies report their latest earnings, investors are keenly focused on understanding how their heavy investments in artificial intelligence (AI) will impact their financial results. To provide insights on this topic, Hennion & Walsh Asset Management president and chief investment officer Kevin Mahn joined Catalysts. Mahn notes that in the Big Tech earnings reports, "the focus is on AI." He explains that the need for AI-supporting infrastructure, like data centers, is driving increased demand for energy — a trend that could benefit the utilities sector (XLU). He identifies three fundamental tailwinds that could support utilities and drive growth: utilities are more defensive in nature, the sector is known for paying dividends, and utilities have become a "backdoor play into the AI revolution." Mahn advises investors to consider three specific utility names: DTE Energy Company (DTE), Duke Energy Corporation (DUK), and The Southern Company (SO). "There's more growth ahead. So look for those utilities such as the three I mentioned that do have a stake in the ground as it relates to nuclear, but also have a strong customer base, strong balance sheet, and pay good dividends," Mahn tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
- Yahoo Finance Video
2 'tactical' portfolio shifts to consider ahead of the election
Kurt Reiman, UBS Global Wealth Management ElectionWatch co-lead, joins Catalysts to discuss how investors can best prepare for the election. Reiman expects heightened volatility around the election, and adds, "Some of the financial market outcomes that we're seeing are perfectly reasonable within the context of this elevated volatility that we're seeing." However, he notes that this will likely be a contested election: "We have a very narrowly divided country. The polls are telling us this. The prediction markets are not. And that's kind of an interesting sort of dichotomy with what's happening." It could take weeks to receive an official outcome, so Reiman encourages investors to avoid making large, strategic portfolio shifts during this time. Yet, there are investments that he says could be "helpful" over the next year. He points to gold (GC=F) as an example, arguing that it is not only a good asset to hold amid volatility but also when central banks are shifting their reserves. He also highlights the utilities sector (XLU), noting that it is a beneficiary of increased AI demand and is a "more stable dividend player." "The point is that making some tactical shifts in the portfolio to add a little bit of robustness to it going into what may be a contested election is not a bad idea. But what I would not recommend is large portfolio shifts because of concerns about the risk of a contested election," Reiman tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl
