Utilities
The Utility stocks are looking good heading into the new week. The Dow Jones Utility Index is 2.25% from a 3-year high and is up 10.4% year-to-date, easily beating the more broad-based benchmarks.
Investors could choose to go with the SPDRs Utilities ETF ($XLU) that invests in a basket of stocks in the sector and currently pays a 3.8% yield. Or there is always the option of individual utility stocks. A few on the PFG WatchList that are near buy points include Exelon ($EXC), American Water Works ($AWK), and Consolidated Edison ($ED). The three stocks pay dividends of 4.8%, 2.9%, and 4.1%, respectively.
More Dividends
Other than the utility stocks, the overwhelming theme this week when going through the PFG WatchList was stocks that pay above-average dividend yields. Some of the names near buy points are:
EV Energy Partners ($EVEP) – Oil and natural gas L.P. that has a 4.7% dividend yield.
Wal-Mart ($WMT) – Largest retailer in the U.S. that pays a 2.5% dividend yield.
Enbridge ($ENB) – Energy pipeline company with a 2.8% dividend yield.
iShares High Dividend Equity ETF ($HDV) – Invest mainly in heath care and consumer goods stocks and pays a 3.8% dividend yield.
More Energy
The niche energy equipment and services sector has been getting a boost from oil trading at or near the $100 level. Two names on the PFG WatchList are in this sector and are outperforming the market and their peers.
Hornbeck Offshore Services ($HOS) - provides marine services to exploration and production, oilfield service, offshore construction, and the United States military customers.
Oceaneering International ($OII) – Just off an all-time high, the name gives it away. It is an offshore, deepwater oil and gas service company.
No comments:
Post a Comment