Shares of utilities stocks are trading higher amid a drop in Treasury yields following softer-than-expected October CPI data.
Portfolio Pulse from Benzinga Newsdesk
Utility stocks are experiencing an uptick as Treasury yields fall in response to October's CPI data, which was less aggressive than anticipated, suggesting a potential easing of inflation concerns.
November 14, 2023 | 8:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ameren Corporation (AEE) shares are likely to see a short-term increase as investors turn to utilities amidst lower Treasury yields.
Utility stocks like AEE often benefit from lower Treasury yields as they are seen as stable investments, especially when inflation concerns are mitigated.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
NextEra Energy (NEE) shares are expected to rise in the short term due to the favorable market conditions for utility stocks following the CPI data release.
As a leading utility stock, NEE is likely to benefit from the current market shift towards utilities in light of the recent CPI data and lower Treasury yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Southern Company (SO) is likely to see its shares increase as investors are attracted to the defensive nature of utilities amid current economic data.
SO, as a utility company, stands to gain from the investor shift towards more defensive stocks like utilities in the face of softer economic indicators.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50