-- Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities.Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World
The S&P 500 Index’s utilities sector fell 10% in 2023, its worst year since 2008, making it the weakest group in the equities benchmark, which soared 24% overall. That wasn’t exactly a shock considering the companies tend to do poorly during periods of persistently high interest rates. “We consider these themes, along with Goldman’s Broad AI basket, to be the most popular in the next few years,” Faris Mourad, the firm’s vice president of US custom baskets, said in a phone interview.
With data center developers looking for inexpensive locations, Dunn expects the Midwest to become a hub of activity since land is cheaper than in other parts of the country. “That also benefits a company like CMS Energy Corp., which operates out of Michigan,” he said. This dividend stock surged in its first quarter, and more could be on the way as it works its way back to all-time highs. The post Buy 78 Shares in This Glorious Dividend Stock And Create $1,754 in Passive Income appeared first on The Motley Fool Canada.
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