Richard BernstienTXU CorpTXUTOP PICKApr 16, 2004

(A Top Pick July 12/06. Up 11%.) Has come out of all of his utility stocks because of concerns of long-term interest rates.

He's sold off since then. Still likes the utilities group, and is a good bar bell balance against the volatility in the market.

(A Top Pick July 12/06. Up 3.7%.) A play on yield. In current conditions, utility stocks are attractive. Has a little dividend and a consistent financial performance. Not a lot of risk.

An electric utility. Utility stocks are a great core position in a portfolio if you are looking for yield. Pays almost 3%. An economically un-sensitive business. One of the areas where he is seeing new strength. Good defensive position.

Big dividend yields, but could be cut. Credit problems.