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Utilities (XLU +0.5%) could be poised for a rebound after a rough month. Yesterday, utility...

Utilities (XLU +0.5%) could be poised for a rebound after a rough month. Yesterday, utility stocks jumped on the strength of electricity providers after Deutsche Bank upgraded Exelon (EXC +2%). Today, the sector again moves higher after ISI Group upgrades EXC to Buy from Neutral. Also: UNS +1.7%, NVE +1.6%, PPL +1.2%.
Comments (6)
  • spinrbait
    , contributor
    Comments (341) | Send Message
     
    i sold excelon and moved into duk and scg. i'm not going back
    27 Nov 2012, 03:09 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1141) | Send Message
     
    sorry about your luck,selling at the bottom, it's obvious that you have been learning form the MASTER of this (myself) :( I'm holding EXC and might but some more been thinking about that or FE and looks like EXC bottomed.

     

    M
    27 Nov 2012, 05:38 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2589) | Send Message
     
    I stocked up on xlu yesterday and last week,am now in the green. When to sell?
    27 Nov 2012, 06:09 PM Reply Like
  • ScooterSC
    , contributor
    Comments (30) | Send Message
     
    I sold Exelon and added to my Duke & Southern. I feel like both are better managed and operate in a climate that is more conducive to rate increases.
    27 Nov 2012, 07:25 PM Reply Like
  • freebra
    , contributor
    Comments (246) | Send Message
     
    SO & SCG for me. EXC & DUK not very well managed.
    27 Nov 2012, 07:53 PM Reply Like
  • spinrbait
    , contributor
    Comments (341) | Send Message
     
    i agree except for the duke energy part. i live in their service area. i have the utmost respect for them. after reading that exc may cut their dividend, look at duk's conference call where they said they look forward to "raising" their dividend. i have owned duk for 12-15 years. in that time, they have never cut, and raised every year but 1, if i recall correctly. i bought into excelon seeking the higher yield, while hoping the price would go up. thus lowering the yield% to competition levels. in other words i thought excelon was a bargain. the ceo said the dividend was safe. i should have known better. i remember the former ceo of bank of america saying he would cut his right arm off before he would cut the dividend. they cut it, and the last i saw, he still had his right arm. i once bought dow chemical because the ceo was on cramer, and said they would never cut the dividend as long as he was ceo. they cut the dividend, and years later, he is still ceo.i remember ge saying they would keep their dividend steady for at least a year. 3 months later it was cut in half. if a company has to come out and actually have to say their dividend is safe, you better cut and run while you still can. jmho. oh, one more thing about exc. i have seen a couple of analysts mention that they didn't think exc was going to go bankrupt or anything like that. now why would they even bring that up? why haven't they brought that up about duk, scg, or so? see where i am going with this?
    28 Nov 2012, 10:14 AM Reply Like
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