No Rate Cuts in ’24? I’m Not Buying It (Here’s Why and How to Profit)
April 09, 2024 at 05:00 AM EDT
We’ve got a great shot at locking in big yields—and big dividend growth—on utility stocks. But we need to buy now, before rates start their (inevitable) decline. I’ve got three “growth utilities”—boasting fast-growing businesses and dividends—for us to play this opportunity with below. Best part is, thanks to their healthy balance sheets, these three have a built-in “buffer” if rate cuts do get held up for a bit. Last October’s Rate Peak Was Just Act 1 I know this plan works because, well, it’s exactly what happened last fall, when fear was everywhere and the 10-year yield scraped up against the 5% barrier.… Read more