SMI initiates coverage on UTH - Utilities Holdrs

Investors in search of a safe place to park money for the long term should consider adding to their portfolios UTH, Utilities Holdrs, a diversified mix of utility stocks.

While there are many individual stocks that offer long term growth and solid dividend returns, this basket instrument helps to take the guess work out of deciding which stock in this sector is best. Most recently this sector has been bucking the downtrend in the markets since the start of the year. The chart below displays the outperformance of the Utilities versus the Dow and S&P.




Institutions looking for some safe havens having been moving into this sector for many reasons.

The recent prospects of private equity buyouts and consolidation in the sector along with lower interest rates boosts the near term performance potential for both long term investors and short term market timers.

Analyst Thomas Chenoweth will be adding UTH to his Top Pick portfolios on any near term weakness so stay subscribed for this market call.