Investors starved for income should be wary of overpaying for yield, particularly when it comes to utilities, Russ Koesterich of iShares warns. Utilities trade at a discount of ~25% on average to the S&P 500, but they're now trading at a premium of more than 8%. But National Grid (NGG) might be one utility stock that’s been beaten up enough to get long, Greg Harmon suggests.
Investors starved for income should be wary of overpaying for yield, particularly when it comes...
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