2024-05-11 00:30:00 ET
Summary
- The Utilities sector has been the second best of the eleven S&P 500 sectors so far in 2024, and it's the best performing sector so far in May.
- The individual stocks in the S&P 500 Utilities sector are overbought, with the large majority in "extreme" overbought territory.
- With AI and other new technologies demanding so much more electricity, have investors woken up to the fact that the companies providing it stand to benefit?
The Utilities sector has been the second best of the eleven S&P 500 sectors so far in 2024, and it's the best performing sector so far in May....
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For further details see:
The Year Of The Utes?