Sell utilities rally, shift to growth-oriented sectors like energy, financials, industrials, materials

From Investing.com: 2024-10-06 04:00:00

Wells Fargo analysts suggest selling into the recent utilities sector rally, tipping underperformance in the near future. Reasons include the expected shift in macroeconomic conditions, rising interest rates, and historical trends. They recommend reallocating capital to growth-oriented sectors like Energy, communication services, financials, industrials, and materials for better opportunities in the current market.



Read more at Investing.com: Now a good time to sell the Utilities rally, Wells Fargo says By Investing.com