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The Select Sector SPDR Trust - The Utilities Select Sector SPDR Fund (SD7U.HM)

76.17

+2.03

+(2.74%)

At close: January 17 at 11:38:49 AM GMT+1

Edison International upgraded amid California wildfires. Here's why.

Utility provider Edison International (EIX) has been upgraded to Neutral from Sell by the team at Ladenburg Thalmann. Edison International's shares underwent a notable sell-off amid escalations in the wildfires that blazed through Southern California. Edison's subsidiary Southern California Edison (SCE) is reportedly under investigation by California fire authorities searching for potential link to the Los Angeles wildfires. Market Domination's Julie Hyman and Josh Lipton review the analyst commentary as EIX's stock gets a nearly 5% lift ahead of the closing bell. Follow along Yahoo Finance's recent coverage of the Southern California forest fires and its impact on various industries: California Edison parent's stock falls amid investigation, lawsuit over alleged role in LA wildfiresHow the LA wildfires may hit Big Bank earnings in 2025Utility, insurance stocks falling as California wildfires blazeWildfire recovery must address insurance: Rep. Mike Flood SouthernCalifornia fires spark insurance crisis, projected losses of $150BInsurance stocks tumble as LA blazes 'among the most costly wildfires' in California historyCalifornia homeowners insurance market tested as fires rageThe risk landscape for insurance in 2025: AXIS CEO talks coverageKey insurance advice amid Southern California wildfires To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 days ago

XLU

EIX
AI data center power demand to grow 160% by 2030 globally: Analyst

President Biden has signed an executive order allowing federal lands to be used for data center buildouts and supporting clean energy facilities. Brian Singer, Goldman Sachs Global Investment Research Global Head of GS Sustain, joins Catalysts to discuss the growing energy demand to power these artificial intelligence data centers. Singer projects AI data center power demand will grow 160% globally by 2030 compared to 2023 levels. "This is a significant expansion in the United States," he says, adding that "that's why we think this all-in approach that governments and corporates and hyperscalers and utilities are taking to try and ensure reliability... is going to be a significant investment theme going forward." According to Singer, the combination of data centers and increased power demands from non-AI sources, industrialization, reshoring, and electrification "is what's going to take power demand in the United States to levels that we haven't seen since the 1990s." Watch the full video above for insights on how the Trump administration's policies could impact this sector. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith

Yahoo Finance Video 3 days ago

XLU

XLE
Edison International stock falls 10% amid California wildfires

Wildfires continue to blaze across Los Angeles, leaving nearly 400,000 residents without electricity and forcing over 70,000 to leave the area under a mandatory evacuation order. Market Domination host Julie Hyman monitors the negative stock moves in Edison International (EIX), a major utility provider in southern California. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith

Yahoo Finance Video 9 days ago

XLU

EIX
2025 is a 'big year for nuclear': Why Vistra and Talen are top picks

Constellation Energy (CEG) is in focus after the company secured a $1 billion government contract to supply power to numerous governement agencies. The record-setting deal comes as Big Tech companies turn to nuclear energy to power artificial intelligence (AI) data centers. Jefferies managing director of US power, utilities, and clean energy research Paul Zimbardo joins Catalysts with Seana Smith and Madison Mills to discuss his outlook for the nuclear energy space in 2025. "I think 2025 is going to be a big year for nuclear, both [for] existing nuclear as well as new nuclear," Zimbardo says, explaining, "And it comes back to a topic that we've been following closely. It's just the power demand from data centers, and AI is accelerating." The analyst says related stocks still have room to run, with Vistra (VST) and Talen Energy (TLN) as his top picks. While there may be some concerns among investors that President-elect Donald Trump's policies could be negative for nuclear energy, Zimbardo notes the nuclear shift comes from the necessity for more power for AI data centers. "There's no real options besides the existing nuclear plant. If you want to add your data centers in the next five to seven years." Zimbardo expects hyperscalers like Microsoft (MSFT), Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta Platforms (META) to continue to acquire nuclear power as well as "all of the players in large size as well." Catch Yahoo Finance's full interview with Goldman Sachs' Carly Davenport on the role regulated utilities will have in building out the energy infrastructure for AI data centers. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Yahoo Finance Video 11 days ago

CEG

TLN

XLE
Regulated utilities positioned to drive AI infrastructure expansion

Vistra (VST) and Constellation Energy (CEG) saw massive gains in 2024 as the next phase of the so-called AI Revolution looks to build out the infrastructure for data centers, starting with an energy grid capable of supplying and powering them. "As we think about this theme, there's so much investment that's going to be needed to prepare a system that hasn't seen power demand growth in over a decade, to be able to actually connect all of these facilities to the grid," Carly Davenport, Goldman Sachs Vice President in Global Investment Research covering US utilities (XLU), tells Madison Mills on Catalysts. "So we think the regulated utilities are very well positioned to do that, and we think it's going to drive an expansion in their capital investment." Davenport also speaks about investment opportunities seen in NextEra Energy (NEE) and the potential for nuclear energy to power the AI infrastructure set up by President Biden's Inflation Reduction Act (IRA). To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 14 days ago

VST

XLU

NEE
The AI stock trade is starting to shift beyond the 'Magnificent 7'

Strategists expect the artificial intelligence trade will mature in 2025 to benefit companies beyond those buying and creating new AI chips.

Yahoo Finance 21 days ago

XLU

MA

AAPL
Utilities: How AI, EVs power sector gains in 2024

The utilities sector ETF (XLU) has gained nearly 20% in 2024, driven by growing demands from artificial intelligence infrastructure and global electrification initiatives. Yahoo Finance Senior Markets Reporter Ines Ferré analyzes this performance, examining the sector's strongest performers and explores Wall Street's outlook for nuclear energy in 2025. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

Yahoo Finance Video 22 days ago

XLU

VST

CEG
Building a resilient portfolio to withstand Trump 2.0 volatility

As investors gauge how President-elect Donald Trump's second term in office will impact markets, Janus Henderson Investors Global Alpha Equity Team portfolio manager Julian McManus joins Seana Smith and Josh Lipton on Market Domination to discuss how to build a portfolio that's resilient to market volatility. "Volatility and resilience are keywords that investors need to have in mind when they construct portfolios," Henderson says, adding, "I think we're just endemically heading into what is going to be a higher volatility regime, I think, for the next year or so, we can expect higher volatility around what policymakers do and the way that currencies and risk assets react to that." The portfolio manager shares two steps for "very thoughtful portfolio construction." He outlines, "First of all, isolating stock selection as the source of risk. So, we want idiosyncratic risk or stock-specific risk to be driving returns." "Secondly, I think a thoughtful approach to risk on a go-forward basis. So, thinking through the major risks facing the portfolio and picking stocks that can be resilient in the face of that." McManus highlights defense stocks (XAR) in the US and globally, as well as sectors like telecommunications (XLC) and utilities (XLU), as opportunities for investors to find resilience amid volatility. Watch the video above to learn about the portfolio manager's market expectations for Trump's second term. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video 28 days ago

XAR

^IXIC

^GSPC
Stock market's record run sets stage for December gains, pros say

The market’s record year may have more room to run, with sentiment buoyed by recent outperformance and historical trends.

Yahoo Finance last month

^MID

^IXIC

^DJI
Top S&P 500 performers year-to-date: Vistra, Nvidia, Palantir

With 2025 quickly approaching, Wealth! Host Brad Smith takes a look at the best and worst performers of the S&P 500 since the start of 2024. The top-performing stocks in the index include Vistra (VST), Nvidia (NVDA), and Palantir (PLTR). On the other end, Walgreens Boots Alliance (WBA), Moderna (MRNA), and Dollar Tree (DLTR) are among the worst performers. Sector-wise, financials (XLF), communication services (XLC), and utilities (XLU) led the pack while real estate XLRE (XLRE), materials (XLB), and healthcare (^IXV) were among the laggards. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.

Yahoo Finance Video last month

VST

WBA

XLU
What’s next for nuclear stocks after regulatory pushback?

The nuclear energy boom is a story the market ran with. Then came a regulatory wrist slap that briefly stopped the nuclear energy stock rally in its tracks.

Yahoo Finance 2 months ago

VST

NVDA

OKLO
Natural gas will be 'big winner' if it powers AI: Evercore ISI

Clean energy stocks — such as solar providers First Solar (FSLR), Sunrun (RUN), and SolarEdge (SEDG) — are trailing behind in the days following Donald Trump's 2024 election victory. The sector was considered a part of the "Harris Trade" attributed to the Biden-Harris administration's investments into the Inflation Reduction Act's (IRA) low-carbon initiatives. Oil giants Chevron (CVX) and Exxon Mobil (XOM) — components of the so-called Trump Trade — saw gains the day after this week's election Evercore ISI senior managing director James West speaks more about whether fears of Trump's impact on the industry are overblown. "The fact remains that the IRA bill, which is the largest investment in climate and clean tech that the world has ever seen, is largely going to remain intact because 80% of the job creation and the capital spending is going to red states, or red districts, if not higher now that more states have flipped red," West tells Yahoo Finance. Clean energy producers and even nuclear energy developers have been posed as the solution to AI data center's energy demands. "The AI prize is so big that they want to use whatever energy source they have now, and whatever energy source they can use in the future to capture that prize. And so we think actually natural gas is going to be a big winner over the next couple of decades," West explains to Julie Hyman and Josh Lipton. "And from a volume standpoint, because they're going to use a lot of natural gas. They already have natural gas facilities, have the infrastructure in place as we're building out more clean energy as we get to a nuclear renaissance." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 months ago

NOVA

BE

RUN
Trump rally could bring about 'new uncertainty' as markets calm

Donald Trump's reelection resulted in serious gains across markets and particular sectors in Wednesday's trading session. Investors saw the Trump Trade turn into a "Trump Everything Rally," Powers Advisory Group Managing Partner Matt Powers tells Yahoo Finance, noting the spark seen in the financial (XLF) and utilities (XLU) sectors. Powers sits down with Brad Smith on Wealth to discuss where Wall Street has seen market moves between Tuesday's election results and the interest rate cut expected from the Federal Reserve on Thursday. "Sectors we like the possibility of the deregulation of banks and it should spark the financial sector, should benefit both large banks and regionals," Powers explains. "Oil and gas will likely benefit. Energy stocks rose quite a bit yesterday but on expectations of pro-industry policies, clean energy's probably going to continue to suffer in that area." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 months ago

XLF

^GSPC

^IXIC
Utilities are a 'backdoor play' into AI trade: Strategist

As the so-called "Magnificent Seven" tech companies report their latest earnings, investors are keenly focused on understanding how their heavy investments in artificial intelligence (AI) will impact their financial results. To provide insights on this topic, Hennion & Walsh Asset Management president and chief investment officer Kevin Mahn joined Catalysts. Mahn notes that in the Big Tech earnings reports, "the focus is on AI." He explains that the need for AI-supporting infrastructure, like data centers, is driving increased demand for energy — a trend that could benefit the utilities sector (XLU). He identifies three fundamental tailwinds that could support utilities and drive growth: utilities are more defensive in nature, the sector is known for paying dividends, and utilities have become a "backdoor play into the AI revolution." Mahn advises investors to consider three specific utility names: DTE Energy Company (DTE), Duke Energy Corporation (DUK), and The Southern Company (SO). "There's more growth ahead. So look for those utilities such as the three I mentioned that do have a stake in the ground as it relates to nuclear, but also have a strong customer base, strong balance sheet, and pay good dividends," Mahn tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith

Yahoo Finance Video 2 months ago

SO

^IXIC

^GSPC
2 'tactical' portfolio shifts to consider ahead of the election

Kurt Reiman, UBS Global Wealth Management ElectionWatch co-lead, joins Catalysts to discuss how investors can best prepare for the election. Reiman expects heightened volatility around the election, and adds, "Some of the financial market outcomes that we're seeing are perfectly reasonable within the context of this elevated volatility that we're seeing." However, he notes that this will likely be a contested election: "We have a very narrowly divided country. The polls are telling us this. The prediction markets are not. And that's kind of an interesting sort of dichotomy with what's happening." It could take weeks to receive an official outcome, so Reiman encourages investors to avoid making large, strategic portfolio shifts during this time. Yet, there are investments that he says could be "helpful" over the next year. He points to gold (GC=F) as an example, arguing that it is not only a good asset to hold amid volatility but also when central banks are shifting their reserves. He also highlights the utilities sector (XLU), noting that it is a beneficiary of increased AI demand and is a "more stable dividend player." "The point is that making some tactical shifts in the portfolio to add a little bit of robustness to it going into what may be a contested election is not a bad idea. But what I would not recommend is large portfolio shifts because of concerns about the risk of a contested election," Reiman tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl

Yahoo Finance Video 2 months ago

^GSPC

^DJI

GC=F
Nuclear energy: Small modular reactors' role in fueling AI boom

The growing energy appetite to power AI and data center technologies has led companies to search for clean and cost-efficient energy sources, most notably nuclear power. Tech companies like Amazon (AMZN), Microsoft (MSFT), and Alphabet's Google (GOOG, GOOGL) have been signing deals with developers to build out small modular reactors (SMRs) to meet their energy needs. Yahoo Finance special reporter Akiko Fujita dives into the details, highlighting Big Tech's rising interest in the future of nuclear energy. She notes the benefits these SMRs could pose for power grids while no commercial modular reactors have been completed in the US yet. X-energy CEO Clay Sell sat down with Catalysts earlier today to discuss Amazon's investment into the nuclear reactor designer's SMR plans. Watch Kairos Power CEO Mike Laufer interview with Yahoo Finance last week about the nuclear power startup's partnership with Google. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith

Yahoo Finance Video 2 months ago

GOOG

XLU

AMZN
Why this portfolio manager prefers value over growth stocks

Brian Mulberry, Zacks Investment Management client portfolio manager, joins Wealth! to discuss why he prefers value stocks over growth stocks. Mulberry explains that the valuations of the "Magnificent Seven" are getting "a little bit top-heavy." He tells Yahoo Finance, "The S&P 500 (^GSPC) right now is trading the broader market at about a 22 times forward valuation when you're looking at earnings there. If we concentrate that down into the Magnificent Seven, it's still in the mid-to-high 30s. When you can look at the earnings growth that's expected in a place like utilities (XLU) and their forward P/E (price-to-earnings ratio) is only about 9 or 10, there's a much stronger valuation conversation to be had looking at those particular sectors." He notes that in those sectors, there are better-performing individual stocks that will see "durable earnings growth," offering a better investment opportunity. "So we really feel like you can do better at the current valuation levels if you're rotating back to some of those more traditional value sectors, right now," Mulberry adds, pointing to banks as an example. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Melanie Riehl

Yahoo Finance Video 2 months ago

^GSPC

XLU
Tesla, Boeing, UPS highlight earnings rush: What to know this week

Investors can expect key earnings from Tesla and Boeing as well as consumer sentiment data in the week ahead.

Yahoo Finance 2 months ago

AMZN

XLU

BA
ERCOT stepping in to help Texas grid prep for energy demand spike

Texas is among the states seeing the fastest-growing energy demands, with the Electric Reliability Council of Texas (ERCOT) working to expand grid operations and meet customers' electricity needs. ERCOT CEO Pablo Vegas comes on Market Domination Overtime to talk about how the council is planning to satisfy grid demands "Now we're starting to see some of these larger loads coming in faster, like the data centers," Vegas says about AI data centers' expected strain on power grids. "And what we've been doing is we've been planning for this eventuality over the last several years. We are seeing tremendous growth in renewables on the electric grid." He explains one aspect of the regulatory process that allows the Texas grid to get ahead of power consumption strains: "One of the things we do is a process that we call 'connect and manage,' where when a generator wants to come onto the grid, we do not require if there's the potential for any transmission level constraints for that generator, we don't require the whole transmission system to be upgraded before that generator can come online. A lot of other parts of the US do require that, and that's what can take so many years in other parts of the US to develop new power supply." Pablo advises other states' operators to "be nimble" on their regulatory processes and try to find "balance" in growing power supplies, maintaining reliability on said sources. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 months ago

XLU

XLE
Utilities outperform the broader markets amid enthusiasm over AI electricity demand

The Utilities sector is on fire this year. Here's what's driving the demand.

Yahoo Finance 2 months ago

VST

CEG

MSFT