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Are Even Utilities Dividends at Risk During a Pandemic Recession?
The world has changed in very short order as a result of the COVID-19 pandemic. The raging bull market of 11 years has died and the bear market drops of 30% and the economic pain recession have dealt a...
View ArticleUtility Stocks Making Comeback on Hopes for Stimulus Plan
Last week, the utilities sector was a train wreck. The industry’s predictable earnings and high dividends had essentially replaced ultra-safe instruments like certificates of deposit as a safe haven...
View ArticleUtilities Catch Downgrades as Recession Realities and Dividend Risks Set In
Just 30 to 60 days ago, the utilities sector was about as strong as iron. Then the coronavirus pandemic suddenly delivered a recession. Millions and millions of Americans, and businesses small and...
View ArticleApplied Materials, Cisco, Mylan, Under Armour and More Earnings Due This Week
Although earnings and other fundamentals are taking a backseat in the markets right now, they will be an important measure when the current crisis ends. Earnings season is beginning to wind down, but...
View Article12 Floundering Defensive Stocks Are Successfully Becoming Defensive All Over...
When the economy began to face an instant recession from the coronavirus, even before the name COVID-19 became labeled a pandemic, the phenomena of buying defensive stocks was thrown out the window....
View ArticleWhy Dominion Is Still a Stock to Buy After Its Unit Sale to Warren Buffett
Last Sunday, Dominion Energy Inc. (NYSE: D) made what can only be called a blockbuster announcement. First of all, the company sold its natural gas pipeline and storage business to the energy...
View Article10 Stocks Riding the Soaring Demand for Hydrogen Fuel
It’s not yet been two months since Nikola Corp. (NYSE: NKLA) came public at $34 a share and soared to $94 in just four trading days. The stock closed at $36.57 on Wednesday and has dipped even further...
View ArticleApplied Materials, Barrick, Cisco, DraftKings and More Major Earnings Coming...
The second-quarter earnings reporting season may have peaked, but it is not over yet. Here, 24/7 Wall St. has put together a preview of some of the most anticipated quarterly reports due this week. We...
View Article5 US Utilities That Might Welcome a Biden Presidency
The Democratic National Convention begins Monday in Milwaukee, and it’s safe to say that it will be unlike any other, ever. The COVID-19 pandemic has forced the convention to adopt a virtual format,...
View ArticleTop Analyst Upgrades and Downgrades: Aramark, Coupa, DraftKings, Duke, eGain,...
The S&P 500 and Nasdaq finally reminded that all of its tech darlings leading the surge to astronomical valuations day after day could actually sell off again. After a few days of sharp selling...
View ArticleCan a Super-Utility Arise From a Merged Duke and NextEra?
In what would be a blockbuster deal, the Wall Street Journal reported on Tuesday that NextEra Energy Inc. (NYSE: NEE), the country’s largest publicly traded utility company, suggested a takeover...
View ArticleBeyond NextEra/Duke Hopes, Warren Buffett and Other Utilities Deserve...
When it comes to defensive stocks with wide moats, utilities have historically fit the description down to every last detail. That may have changed in some markets where utilities have been deregulated...
View ArticleTop Analyst Upgrades and Downgrades: Alibaba, BlackRock, Devon, Domino’s,...
Stocks closed up on Wednesday to end the third quarter, but September was still a down month. Stocks were indicated to open higher by about 0.8% on the Dow Jones industrial average and S&P 500 as...
View ArticleDuke Energy’s New ESG Plans Target Coal, Methane & Higher Dividends
The movement into environment, social and governance (ESG) is attracting billions and billions of investment dollars away from certain companies and sectors. Many utilities in America are moving...
View ArticleGM, PayPal, Qualcomm, Regeneron, Uber and More Major Earnings Coming This Week
This week is coming right after the biggest week of earnings season, and many major names have still yet to report. The broad markets have pulled back recently, but positive results here could lift the...
View ArticleDuke Energy’s Q3 Proves Stronger Than Analysts Thought
When Duke Energy Corp. (NYSE: DUK) reported its most recent quarterly results before the markets opened on Thursday, the utility giant posted $1.87 in earnings per share (EPS) on $6.72 billion in...
View ArticleTop Analyst Upgrades and Downgrades: Chubb, Duke Energy, GE, Nutanix, PACCAR,...
The futures traded higher Tuesday morning after a big Monday rally that was in part COVID-19-vaccine-related, and perhaps a reflex to last Friday’s end-of-week selloff. Typically, trading volume drops...
View ArticleBiogen, 3D Systems, Duke Energy, Ford and More of Friday Afternoon’s Analyst...
With the trading day practically over, the broad markets were sliding into the weekend. The S&P 500, Dow Jones industrial average, and Nasdaq are each posting losses over 1% as Friday comes to a...
View ArticleCisco, Disney, GM, Twitter, Uber, Under Armour and More Major Earnings to...
Here, 24/7 Wall St. has put together a preview of a few of the most anticipated quarterly reports due this week. We have included the consensus earnings estimates, as well as the stock price and...
View ArticleThursday Morning Earnings Watch List: AstraZeneca, Duke, Kraft Heinz, and Pepsi
Earnings season is starting to wind down, but some major companies are still reporting their most recent quarterly results this week. Here we focus on Thursday mornings’ offerings, but many more...
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