Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, June 30
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Utilities are a ‘backdoor play’ into AI trade: Strategist
    Utilities

    Utilities are a ‘backdoor play’ into AI trade: Strategist

    October 30, 20242 Mins Read


    As the so-called “Magnificent Seven” tech companies report their latest earnings, investors are keenly focused on understanding how their heavy investments in artificial intelligence (AI) will impact their financial results.

    To provide insights on this topic, Hennion & Walsh Asset Management president and chief investment officer Kevin Mahn joined Catalysts.

    Mahn notes that in the Big Tech earnings reports, “the focus is on AI.” He explains that the need for AI-supporting infrastructure, like data centers, is driving increased demand for energy — a trend that could benefit the utilities sector (XLU).

    He identifies three fundamental tailwinds that could support utilities and drive growth: utilities are more defensive in nature, the sector is known for paying dividends, and utilities have become a “backdoor play into the AI revolution.”

    Mahn advises investors to consider three specific utility names: DTE Energy Company (DTE), Duke Energy Corporation (DUK), and The Southern Company (SO).

    “There’s more growth ahead. So look for those utilities such as the three I mentioned that do have a stake in the ground as it relates to nuclear, but also have a strong customer base, strong balance sheet, and pay good dividends,” Mahn tells Yahoo Finance.

    To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

    This post was written by Angel Smith



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleReddit Dumped Most of Its Bitcoin Well Before ‘Uptober’ Pump
    Next Article Industry welcomes budget boost for UK infra and housing | News

    Related Posts

    Utilities

    City utilities don’t have to give extensions to life support customers

    June 30, 2025
    Utilities

    Western State Utilities Plan To Mitigate Wildfires, Others Unprepared

    June 28, 2025
    Utilities

    Springfield City Utilities to save $1.3 million yearly after bond refinance

    June 27, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    McAllen Public Works, Utilities Team Traveling to Laredo to Assist with Water System

    October 21, 2024
    Commodities

    commodity and currency check, 28 October

    October 28, 2024
    Bitcoin

    Here’s When Bitcoin price Could Reach $70,000 Again

    August 20, 2024
    What's Hot

    Less power from coal, more from natural gas in Kentucky’s future, says state’s largest utility • Kentucky Lantern

    October 25, 2024

    If EPS Growth Is Important To You, Zhejiang China Commodities City Group (SHSE:600415) Presents An Opportunity

    July 29, 2024

    Wall Street Week Ahead: Spooked US stock market faces tech earnings minefield, Fed meeting

    July 27, 2024
    Most Popular

    Crude oil futures fell more than 2% on Tuesday morning after US President Donald Trump announced that Israel and Iran agreed to a ceasefire.

    June 23, 2025

    Bitcoin Plummets to $56K and Recovers, Altcoins Volatile (Market Watch)

    August 16, 2024

    vous avez un rêve pour votre quartier, la municipalité finance !

    February 9, 2025
    Editor's Picks

    Bitcoin à Solana: les prix de la crypto restent au-dessus des moyennes mondiales en Corée du Sud

    June 8, 2025

    Bitcoin tombera-t-il en dessous de 80 000 $ avant d’atteindre un nouvel ATH? (Analyse des prix BTC)

    February 17, 2025

    Analyse des prix Bitcoin: est-ce le dernier recul de BTC avant un autre niveau record?

    June 12, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.