Larry Berman CFA, CMT, CTA
iShares US Utilities E.T.F.
IDU-N
TOP PICK
May 11, 2005
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.