The Zacks Analyst Blog Highlights: TerraForm Power, Veolia Environnement, Algonquin Power & Utilities And NextEra Energy
Zacks Investment Research | Mar 03, 2020 07:26AM ET
For Immediate Release
Chicago, IL – March 3, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: TerraForm Power, Inc. (NASDAQ:TERP) , Veolia Environnement (PA:VIE) S.A. (OTC:VEOEY) , Algonquin Power & Utilities Corp. (TSX:AQN) and NextEra Energy Inc. (NYSE:NEE) .
Here are highlights from Monday’s Analyst Blog:
Utilities a Safe Bet Amid Coronavirus Fears
A statement made by an anonymous person is going viral on the web that says “The way the markets are behaving, it seems the Coronavirus will kill more invested people than infected ones.” Sadly, coronavirus or Covid -19 is not only claiming precious lives but also wiping out investors’ gains. Major indexes across the globe lost in the last week due to huge sell-off, triggered by the impact of this virus on global economy.
The sell-off across the globe could continue this week as well, primarily due to a lack of a concerted effort to control this global crisis. The global economy, which was still recovering from the U.S.- China trade war, is facing another crisis. This has the capability to turn into a pandemic unless controlled, and have an adverse impact on global and U.S. economic growth. The S&P 500 lost nearly 11.5% last week and the index might go down further this week, as the California governor issued a release stating that the state is currently monitoring 8,400 for Covid -19. Already seven U.S. states have reported Covid -19 cases.
Despite measures taken to control the spread of the deadly virus, Covid -19 has already spread in nearly 56 countries across the globe, with 84,000 infected and 2,900 losing their lives.
Amid such turmoil in U.S. markets, it is advisable to invest in domestic-focused Utilities to ride out the storm. Utilities have been insulated from the global turmoil as majority of their earnings are regulated and come from domestic holdings. In the past three months, Original post
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