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Upgrading Utilities to marketweight

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We are adding 2% points to Utilities and upgrading to marketweight. Financials will be reduced by 2% points but remain an overweight. Mean reversion, an attractive dividend yield, and the capex cycle should benefit Utilities going forward. Utilities could turn out to be a stealth green-energy play with stronger defensive characteristics than more traditional green energy equities.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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