Utilities are typically known as one of the more boring sectors of the market. In a regulated industry whose rate structures are determined by states, power companies aren’t known for big growth. They’re seen as defensive because demand for electricity remains relatively constant through economic cycles.
Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says
Source: News Formal (newsformal.com)
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