Tapping the Power of Energy and Utilities
The places to be in the stock market these days are energy and utilities, with a sprinkling of financials and consumer cyclicals. So says David J. Braverman, senior investment officer for Standard & Poor's Equity Investor Services. Braverman is cautiously optimistic -- cautious because corporate earnings are still disappointing and long-term interest rates have crept up a bit despite Federal Reserve cuts on the short-term side.
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