Utility Stocks Set for 15% Growth in 2024? Ed Butowsky

"Jeremy Szafron, Anchor at Kitco News, interviews Ed Butowsky, Founder of Chapwood Investments, to discuss the strong performance of utility stocks in 2024. Butowsky explains how utility stocks surged by 30% due to reduced energy costs and favorable rate cuts. He predicts further gains in the sector before year-end and highlights stocks like Southern Company, Entergy, Con Edison, and Hawaii Electric. The interview also touches on recent economic data, the strong jobs report, and potential Federal Reserve rate decisions impacting the market outlook.

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00:00 - Introduction and Market Update
01:20 - Utility Stocks Recap
03:00 - Drivers Behind Utility Surge
05:00 - Specific Utility Stock Picks
06:45 - Risks to Utility Outlook
08:15 - Best Opportunities Now
10:00 - Dividend Stocks and Value Plays
12:00 - Thoughts on Growth Stocks
13:30 - Fed Response to Jobs Data
15:00 - Closing Thoughts and Market Outlook

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