The utilities sector moves up another spot, and is now the second best sector according to the ValuEngine valuation models. This typically happens when markets are too high, as utility stocks are historically a relatively safe place to be in risky times. They are less volatile on average, and pay dividends. Since the beginning of April, the utilities sector has steadily marched upwards from the second worst overall sector to the second best, out of the total 16 sector groups.
It is currently only one of four sectors that remain undervalued. Yet another indicator of how much the market has changed in 5 months. Be careful out there. Read on for the weekly stock pick and more, which interestingly is based on the opposite theme of being careful. A risky pick with great upside potential, RCL (Royal Caribbean).
ValuEngine Capital Management (http://www.ValuEngineCapital.com) can help. With five custom portfolios, ValuEngine Capital can allocate client funds between risky and conservative portfolios depending upon client goals and market conditions. Check it out.
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