The NRG Energy Earnings Beat Lifts Utilities ETFs March 1, 2021
Utilities sector-related exchange traded funds lit up after NRG Energy (NYSE: NRG) revealed better-than-expected fourth-quarter results and claimed it was able to shake off the financial setback from the cold storm in Texas.
On Monday, the
Utilities Select Sector SPDR (NYSEArca: XLU), the largest utilities sector-related ETF, advanced 3.1%. The three funds were testing their long-term support at the 200-day simple moving average.
NRG Energy shares jumped 14.2% on Monday. NRG makes up 4.6% of FXU’s underlying portfolio, 4.4% of RYU, and 3.3% of XLU.
NRG reported fourth-quarter earnings of $2.10 per share, up from $1.27 in the year-earlier quarter, TheStreet reports. In comparison, analysts surveyed by FactSet predicted earnings of 45 cents per share.
According to transaction data from SWFI.com, sovereign funds and large public pensions increased direct purchases of listed exchange-traded funds (ETF) in recent years. ETFs are a way sovereign funds can make short-term to medium plays on sector, asset class, or country bets. For example, Saudi Arabia’s Public Investment Fund (PIF) bought a number of SPDR […]
one thing right now.
I’ll give you the answer (which I think you’ll like) in a moment.
Then I’ll show you 2 funds whose portfolios are packed with familiar stocks, including
Apple (AAPL). Both funds are poised for strong gains in 2018 while handing you fat cash payouts up to 8.8%!
Finding Bargains in a Surprising Place
First, if you’re like most folks, you might feel queasy about
any stocks–including “reliable” blue chips–after the stomach-churning drops we suffered in February.
If so, let me put your mind at ease.
For one thing, keep in mind that the S&P 500 is
Smart Sector ETFs Picks Part III: IT, Materials, Real Estate, Utilities investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.