The markets have taken quite a tumble over the past several weeks, and certain indexes such as the Dow Jones Industrials and the S&P 500 are now negative for the year. The sell-off has resulted from a variety of different factors, including the strengthening U.S. dollar, which has caused commodities like oil to plunge, as well as disappointing economic data that has raised the threat of economic contraction in the eurozone.
However, not all stocks are collapsing. In fact, utility stocks have strongly outperformed the market this year. Southern Company (NYSE:SO), American Electric Power (NYSE:AEP), Duke Energy (NYSE:DUK), and Consolidated Edison (NYSE:ED) are each up by 10% or more, while the S&P 500 Index is now negative for the year. For investors looking for a safe haven, consider the utility sector and these four strong dividend stocks.
Source: Seeking Alpha
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