Despite a positive start to 2024, the tide could turn this year, and the fact that inflation remains sticky, as evidenced by the December consumer price index report, may be part of the reason.
While interest rates probably start to come down by the summer or, at the latest, the fall, one sector that was a victim of rising rates last year may be a benefactor if they decline this year: utility stocks. Everyone needs power, regardless of the economy.
We screened our 24/7 Wall St. utility stock research and found five top companies that are buy-rated on Wall Street and pay reliable and significant dividends to shareholders.
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