|Day Low/High||69.94 / 70.69|
|52 Wk Low/High||45.50 / 76.45|
Buying blue-chip stocks in a bear market is a brilliant strategy. But this is not a bear market.
Looking at the charts, I like Edison International, National Grid and PG&E.
It's unnerving that almost every strong stock has a poorly performing company underneath it.
These names are unlikely to lead the market higher or resist a bear market.
The lack of financing plus debt and equity ratios power established energy companies.
Most new natural gas plants cannot compete in the marketplace.
If a utility's revenue is disconnected from sales, investors can benefit.
Pollution-free wind and solar power beats stinking old plants.