Brian Madden’s was on BNN, he is chief investment officer at First Avenue Investment Counsel, and he picked these 3 today: $FTS, $LLY, $XOM. The $FTS call is the most interesting one here. Yields on 10 years are making defensive utilities ugly to hold, but 52 straight years of dividend hikes and zero correlation to tech makes it look like a sneaky port stabilizer right now. Meanwhile, $LLY is dropping $24B+ on Merge and Acquisition just to stay ahead of patent cliffs on Mounjaro/Zepbound. $XOM is pure cash cow. Pumping 4.5M barrels/day, low-cost assets, and relentless buybacks. Which one of these 3 are you holding, in this market? — This is for informational and educational purposes and not a financial, tax, or investment advice.
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6 Comments
Mike L
@noviceadvisor · 12d
Im a Xombie
Shael @nickel333 · 12dEdited
Utility stocks have held up better than I thought they would with the current situation we’re in…. I hold $XUT to hold all the utility names.
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