With the calendar turning over to 2019, many of the trends causing the rise in volatility aren’t stopping. To that end, making a calculated bet on utility stocks could be a great way to increase the safety and stability of a portfolio. The extra income won’t hurt either. Here are 3 utility stocks that could power-up your portfolio in the new year...
When it comes to utility stocks, PPL Corp. (NYSE:PPL) could be a great blend of both stability and growth potential. For those investors looking for more a stodgy utility, you can’t go wrong with Consolidated Edison (NYSE:ED). The piece of “fly-over” country actually features some of the fastest population growth in the entire Midwest. More to the point, that growth is coming on the back of plenty of manufacturing and tech muscle. This is good news for IDACORP Inc (NYSE:IDA) who has a monopoly position as a utility in Idaho and western Oregon.
Source: InvestorPlace
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