Previous close | 0.3300 |
Open | 0.3300 |
Bid | 0.1000 |
Ask | 0.2000 |
Strike | 85.00 |
Expiry date | 2024-10-18 |
Day's range | 0.2400 - 0.3300 |
Contract range | N/A |
Volume | |
Open interest | 1.06k |
Most readers would already be aware that Sempra's (NYSE:SRE) stock increased significantly by 12% over the past three...
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Hennion & Walsh CIO Kevin Mahn sits down in-studio with Josh Lipton and Josh Schafer on Market Domination ahead of Wednesday’s expected interest rate cut, discussing why the utilities sector (XLU) stands out in a changing rate environment. Utilities are “generally known for paying attractive dividend yields" and as interest rates come down, “these high dividend paying stocks are going to look a lot more attractive,” Mahn says. The sector has “also historically have a very defensive nature" which could help weather near-term volatility brought on by not only the 2024 presidential election and the "Fed guessing game." Mahn tells Yahoo Finance that the utility sector is "a backdoor play into the AI revolution" due to the intense power demands of data centers. He highlights Southern Company (SO), Sempra Energy (SRE), and NiSource (NI) as stocks within the sector that could benefit. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.