Utilities Outperform in 2024: 3 Stocks to Keep on Your Radar

In a surprising turn of events, the utilities sector has emerged as one of the best-performing sectors of 2024. Year-to-date (YTD), the Utilities Select Sector SPDR ETF NYSE: XLU is up nearly 30%, outpacing the QQQ ETF and the S&P 500 ETF NYSE: SPY, both of which have gained closer to 20%. This rally has defied expectations, driven by an interest rate cut, renewed nuclear energy initiatives, and even the rise of artificial intelligence (AI). Investors looking for growth beyond traditional tech and healthcar ...