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Even utilities are higher in today's stock rally

Feb. 07, 2018 1:05 PM ETPPL Corporation (PPL) StockDUK, AEE, AEP, D, DTE, EIX, EXC, PEG, PPL, SCG, SO, SRE, WEC, PCG, IDU, XLU, VPU, RSPU, SDP, UPW, UTG, FXU, GUT, NEE, BUI, FUTY, FUGAX, JHMU, UTLFBy: Carl Surran, SA News Editor42 Comments
  • Utilities stocks are broadly rebounding from recent declines and a day after the Utilities SPDR ETF (XLU +0.7%) fell as much as 3.4% yesterday to its lowest point since December 2016.
  • Any utilities rally is hardly a given, since the group's selloff has been driven by fears that stronger inflation would push yields higher, which would make dividend oriented utilities less attractive.
  • XLU fell 3.1% from the start of the year through the Jan. 26 high on the S&P 500, which had gained 7.5%; since then, utilities have lost only a bit less than the broader market, 4.3% vs. 5.2%.
  • Sector stocks are off earlier highs but remain in the green: PPL +1.6%, SRE +1.4%, PEG +1.4%, DUK +1%, DTE +0.9%, AEE +0.8%, D +0.8%, SO +0.7%, WEC +0.5%, SCG +0.5%, NEE +0.4%, AEP +0.4%, EXC +0.3%, EIX +0.3%, PCG +0.3%.
  • ETFs: XLU, UTG, VPU, GUT, IDU, BUI, FUTY, RYU, UPW, FXU, SDP, FUGAX, JHMU, UTLF

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