Actionable news
All posts from Actionable news
Actionable news in ED: CONSOLIDATED EDISON Inc,

ConEd Still A Buy


The ingredients for ConEd stock to go higher remain.

The valuation is expensive, but it will not stop this top performer.

The ingredients are dovish central banks, low yields, slow growth, a high amount of uncertainty and bullish/flat stock market.

On May 26th there was an article written by Bob Ciura titled "Now Is Not The Time To Buy Utility Stocks." The main premises of the article were that Consolidated Edison Inc. (ConEd) (NYSE:ED) is expensive and yields are set to go higher which would increase the cost of capital and make investors balk at its 3.7% dividend yield. Since that short time ConEd stock is up 10.5%. What happened to cause ConEd to skyrocket? Yields have plummeted lower with...