Utilities Stocks OGS, NJR & AMPS Await Opportunity as Tech Cools Down
@NAI500:
图片As inflation pressure eases and the Fed's hawkish stance begins to soften, utility stocks, which have been the worst performers this year, may usher in the best buying opportunity in the new year. Institutional investors seem to have smelled the sign of a trend reversal and started to re-enter the utility sector.Back in August, the utility sector saw a year-to-date decline of as much as 11%, ranking at the bottom among all sectors of $S&P 500(.SPX)$, far exceeding the second-last real estate sector (-3.2%), while IT sector led the gain with a 37.5% increase over the same period. In September, NextEra's stock price plummeted to a three-year low due to its subsidiary $NextEra Energy Partners LP(NEP)$ s