Junk-rated Financials, Utilities Likely to Lead Next Bull Market
Posted on February 23, 2009 at 11:34 AM EST
Standard & Poor’s thinks speculative grade financial and utilities companies are the most likely to lead the rally in the next bull market. S&P says sectors that perform best going into a bear market typically perform worst coming out if it, and vice versa. “…since investment-grade companies in the consumer staples and utilities sectors have been the [...]