I have noted many are seeking out utilities for a bit of stability.
XLU is an ETF slammed packed with utilities. It is a product of the SPDR ETFs.
Cypher which has the 2nd leg retracement pull between the .382 and the ,618 This one appears to have pulled to the ,618. Labeled XABCD and stop is below D somewhere. Peak 2 is higher than peak 1.
This could be safer than individual utility stocks and the dividend is good. Little more reach for the .786 of XC which is where the cypher lands. Patience is a virtue. No recommendation. Gap noted on XA which could serve as support.
Yield is 3.18%
Top 10 Holdings NextEra Energy Inc 18.15% Duke Energy Corp 7.99% Southern Co 7.20% Dominion Energy Inc 6.30% Exelon Corp 5.60% American Electric Power Co Inc 4.44% Sempra Energy 4.19% Xcel Energy Inc 3.61% American Water Works Co Inc 3.40% Public Service Enterprise Group Inc
What could be analysed entry point, please give your best judgement, thanks
lauralea
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@techserve2020, 68 with a stop/if you use one on ETFs/under 66. This moves slowly. It is not a rocket stock. But it is an ETF that is safe where one can tuck some money away until the bad weather in the market passes over with a good dividend. I have owned it for a long time but have increased my position recently. It does seem like high dividend stuff is moving like VZ and even T, PG etc. Folks are moving to "stalwarts" or huge companies they know are no going out of business with dividends it seems.
techserve2020
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@lauralea, Many thanks Lauralea, it is really helpful!
lauralea
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@techserve2020, This is one I hold in my IRA. May pull back soon as it is overbought right now but always recovers. Defensive ETF.