Inflation a Big Obstacle for Utilities
Most utilities have strong balance sheets and dividend growth potential, but we don't think that justifies trading at 20 times earnings.
Source: morningstar.com
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Most utilities have strong balance sheets and dividend growth potential, but we don't think that justifies trading at 20 times earnings.
In the long term, gaming companies could level up.
We think oil consumption will continue to recover.
There are few undervalued stocks in the sector.
Drug and biotech industries pricing in the risk of policy changes in the U.S., but we don't think there will be a big regulatory impact.