Shannon Saccocia, CIO, Boston Private iShares US Utilities E.T.F. IDU-N BUY Feb 16, 2024

The utility sector has done very, very well. In a bear market, this is a sector that always outperforms. About a 3% yield. Thinks there will be some capital appreciation.

(A Top Pick May 11/05. Up 10%.) Not as attractive as it was in May from a valuation standpoint. The trend is still intact, but would be a bit concerned here about the Fed as to what degree they are going to raise interest rates.