A couple more rate hikes are all but certain. I was concerned the last one was going to knock the low DIV utilities like XEL down. Get short bonds yielding much over 3% and there is just no need for anybody but a long-term investor to take the risk. I've read articles that say the hedge fund managers are hiding in Utes the past few months after dumping tech. That is probably the reason they are doing so well in the face on interest rate hikes.
And MO needed some good news. They've had a bad year.
And MO needed some good news. They've had a bad year.