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