Utilities, traditionally seen as a recession-proof sector, have been underperforming the broader U.S. market in the current economic downturn. That may present a good buying opportunity for investors harboring doubts about the latest bull market. Investments least linked to the state of the broader economy should fare well in the face of uncertainty. Utilities neatly fit into this bucket: Their returns come from providing essential services—electricity, gas, water—for which demand isn’t tightly linked to growth. Yet utilities...

Source: Wall Street Journal August 10, 2020 11:03 UTC