This story was originally published here.
This market has been on a tear. If, as the old saying goes, bull markets climb a wall of worry, this one has leapt that wall in a single bound.
Now, maybe with all the Federal Reserve support and the trillions of dollars in stimulus approved by Congress this will continue.
But there are also 40 million people out of work and the economy is in a recession that goes far beyond America’s shores.
If you’re an investor looking for opportunity but would also like sleep-at-night safety, or would like to go on holiday without looking at your portfolio every few hours, then utilities are a good place to start.
For many electric utilities, they have both regulated and unregulated operations. That means one part of the operation provides a solid foundation of conservative growth. And the other provides opportunity to sell energy at market prices, offering greater growth.
Here are 7 utility stocks keeping the lights on below
Utility Stocks to Buy: NextEra Energy (NEE)
This company is a prime example of what I was talking about in the intro. It operates FPL (Florida Power & Light), which is a regulated utility that serves southern Florida.
And it is also the largest producer of wind and solar energy in the world.
Its regulated business operates in high-growth, densely populated sector of the state, which means solid, reliable returns.
And its unregulated business sells renewable energy across the US to other utilities and industry. They can use the renewable energy to offset their carbon emissions and they don’t have to get into the renewables business. It’s a model that more and more utilities are adopting.
Also, renewables are more resilient as climactic events rise.
The stock is up 26% in the past year and 7% year to date. The latter figure is bullish given the drop in industrial and commercial demand due to COVID-19 lockdowns. NEE has a 2.2% dividend.
Editor's Note: Click here to keep reading.
65 Ways You Can Make Extra Cash in This Crazy Environment
With the market crisis moving into our rearview mirror, folks are now looking for ways to get back to making money.
Neil George wants to show you how to get his new book that profiles 65 simple ways to earn large amounts of work-free income.
…extra cash that you can collect ON TOP of your Social Security check…
…without messing around with crappy jobs. (Pizza delivery driver? No way.)
These are PROVEN cash-gushing strategies… the kind typically used by the wealthy elite.
And the best part is…
Neil George has set aside copies of his book, Income for Life, and he’s willing to send you a hardback version today ABSOLUTELY FREE (just pay shipping). This may be the last time we offer this.
Here's just a sample of what you can find inside:
- Use what Neil calls the “FHA Loophole” to get the government to pay your mortgage — PLUS receive hundreds in extra cash on top.(Page 217)
- Collect $100s for pictures in old family photo albums! Believe it or not, there is an easy way to turn your old artwork/photographs into $100 bills (certain businesses are desperate). (Page 297)
- Get paid every time your favorite song gets played on the radio! This little-known website allows you to tap into royalty payments every time your favorite song is played on the radio. Some lucky folks collect thousands of dollars a year! (Page 307)
- Pocket upwards of $197 PER HOUR simply by taking a walk through the woods in the fall… or $137 while visiting your favorite beach in the summer… and many, many more!
This book is flying off the shelves and this may be the last run of copies we print.
So if you don't claim your copy of Income for Life today, we'll send it to the person behind you in line…