Dear Rundown Reader,
Next week, we’re going to a new format — we’ll be bringing you The Rundown three days a week instead of the usual daily issue.
This as a result of feeder readback that requested more thoroughly-researched, actionable ideas. Should be good. So check your inbox every Monday, Wednesday and Friday.
And, hey, if there’s something you’d like us to cover, take a minute to write in. We read every email you send.
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Friday, Jan. 31, 2020
Investors are getting defensive, and who can fault them?
What with an impeachment of a U.S. president, a global health crisis, the U.K. finalizing its divorce from the EU at 11 p.m. GMT tonight… and we’re just getting started.
CNBC says: “The move into risk-off stocks is highlighted by the strength of utility stocks, now the best-performing sector of 2020.” That means the sector’s unseated the information technology sector.
Indeed, investors are piling into boring ol’ utilities. And one of the easiest ways to do so? A plug-and-play ETF…
The Utilities Select Sector SPDR Fund (XLU) has gained 8.6% in just four weeks, meaning the ramp-up started before the coronavirus outbreak that’s rocked markets recently.
Even more impressive, XLU has gained over 33% in one year. The fund’s top three holdings?
- Nextera Energy Inc (NEE): 13.8%
- Southern Co (SO): 7.8%
- Duke Energy Co (DUK): 7.5%
So if you’re into single stocks, these three have each gained about 9% since Jan. 1.
We’d say it’s about time to pad your portfolio with utility sector stocks, and we’ve given you a good jumping-off point.
Market Rundown for Friday, Jan. 31, 2020
S&P 500 futures are down 13 points to 3,276.
Oil’s up just 14 cents per barrel to $52.28.
Gold’s lost $4.90 to $1,584.30 per ounce.
Bitcoin is down $220.16 to $9,280.20.
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Have a good weekend. Cheers.
For the Rundown,