- Even though it was proclaimed in 2021 that earnings no longer mattered, investors had to realize that they ultimately did.
- As a result, the utilities sector in general has held up very well in this volatile market, and Duke Energy shares have significantly outperformed, even when dividends are excluded.
- Investors may rightly ask if now is the time to take a conservative position and invest in reliable, slow-growing companies with solid earnings, such as utility stocks.
- However, I believe that now is the time to at least consider shifting funds to more cyclical stocks of high-quality companies, and I'm thinking about selling my position in Duke Energy.
- Nevertheless, I would not mind holding on to my position in Duke, should the opportunities fail to materialize.
For further details see:
Duke Energy: Dependability Has Its Price