Video News/Market Analysis

Jeremy Szafron, Anchor at Kitco News, interviews Ed Butowsky, Founder of Chapwood Investments, about the surprising performance of utility stocks in 2024 and where the smart money is going next. Butowsky shared his insights on why utility stocks surged by 30% and explained the hidden gains that drove their performance, including reduced energy costs and favorable rate cuts. He also predicted more upside potential in the sector before year-end. The discussion covered specific stocks like Southern Company, Entergy, Con Edison, and Hawaii Electric, and Ed provided his outlook for 2024, revealing key value opportunities he believes are set to deliver solid returns. The conversation also went into the impacts of recent economic data, including the strong jobs report and the potential for unexpected rate decisions by the Federal Reserve.