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home / news releases / XLU - Duke Energy Q1 XLU And Rating Upgrade


XLU - Duke Energy Q1 XLU And Rating Upgrade

2023-05-21 00:24:43 ET

Summary

  • This is an updated coverage of Duke Energy and the utility sector represented by the Utilities Select Sector SPDR ETF.
  • My last article published in Oct 2022 called that time the “worst time since 2008” to buy utilities.
  • This current update is motivated by their price actions, Duke Q1 earnings report, and also the changes in macroeconomic conditions (particularly interest rates).
  • After reviewing these changes, I am still concerned about the sector as a whole, but I am more optimistic about Duke.

For further details see:

Duke Energy Q1, XLU, And Rating Upgrade
Stock Information

Company Name: SPDR Select Sector Fund - Utilities
Stock Symbol: XLU
Market: NYSE

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