ASX:AGLIntegrated Utilities
Defensive Utility Stocks Investors May Revisit As Rate Hike Odds Ease
With U.S. jobs unexpectedly shrinking and rate hike odds easing while inflation stays at 3.5%, investors are being pushed to rethink where they feel comfortable putting money to work. Defensive sectors like consumer staples and utilities are drawing fresh attention as households feel wage pressure and businesses slow hiring. This article walks through three stocks from our screener that appear well placed and explains how the recent news may help or hurt each one.
The stocks covered below are...