Purves Says Utility Stocks Could Rise Another 15-20%

The video discusses the importance of portfolio durability and the role of different sectors, particularly utilities, in risk mitigation. It highlights the underperformance of utilities during recent market volatility compared to their historical role as a defensive sector. The discussion also covers the overextended valuation of utilities earlier in the year and their current stable valuation. The speaker suggests that utilities may still perform well despite a range-bound equity market, drawing parallels to investment-grade paper trends.

What characteristics of utilities were questioned during the recent market volatility?

How did utilities perform compared to other sectors during the recent volatility?

What was the valuation situation of utilities in January and February compared to now?

What factors contribute to the stability of cash flows in utilities post-Corona economy?

What are the potential future performance expectations for utilities in a range-bound equity market?