November 13, 2012 at 11:56 AM EST
An Update on the Utilities Sector
MINYANVILLE ORIGINAL With all this talk of the fiscal cliff we wanted to look at the utilities sector. Last week ChartLabPro.com moved our Buy/Sell rating to a Sell on the utilities sector; this is the only sector currently rated a Sell. Click to enlarge With the fear of the unknown regarding the potential capital gain tax hike this sector has seen a pretty big sell-off. Below we have the ten largest names within the Utilities Select Sector SPDR ETF (NYSEARCA:XLU). For this article we are only looking at the five largest weighted names: Duke Energy (NYSE:DUK) Southern Company (NYSE:SO) ...
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