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Dr. Kris
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Dr. Kris has two degrees from MIT because one just wasn't enough. Her life goal was to figure out the universe and having done that (at least to her satisfaction), she decided to tackle something even more difficult—the stock market. Applying the scientific method along with an insatiably... More
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  • Electric utilities creating sparks 0 comments
    Mar 1, 2011 12:17 PM | about stocks: PNM, ES, ALE, UNS, POR, CNL
    Electric utilities doing well today on the heels of PNM today raising FY11 guidance citing a shift in more favorable rate legislation.  The stock is up 7% on 2x volume. 

    Other electric utes making new highs:  NU, ALE, UNS, POR, CNL.  Most compelling are ALE which broke $38 major resistance dating back to April of last year (see below chart), and UNS which broke $37 resistance. All of these companies sport dividend yields in the 3-5% range, and except for CNL and NU, the rest are well off their previous highs.

    Stocks: PNM, ES, ALE, UNS, POR, CNL
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