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Utilities (NYSEARCA:XLU) took it on the chin again

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JettLoneStar   Tuesday, 12/19/17 09:15:53 PM
Re: TREND1 post# 40
Post # of 44 
Utilities (NYSEARCA:XLU) took it on the chin again today, capping a 5.6% swoon over the past month that lags the S&P's 11 industry groups during the period.

Williams Capital analyst Christopher Ellinghaus blames the tax bill for most of the group's woes, saying that while utilities will get a tax cut like everyone else, they are regulated so most will be forced to pass the savings on to consumers in the form of lower power bills.

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