S&P 500 Quarterly Net Profit Margin (ex. Financials & Utilities) Corporate America is minting profits like never before, and with margins set to stretch even further into 2026, the bullish narrative remains intact. Image: Goldman Sachs Global Investment Research
Utilities Flows Utility funds continue to attract strong inflows, making them a popular choice for investors seeking stable and predictable returns. Image: BofA Global Investment Strategy
ISM Manufacturing Index vs. Banks / Utilities (Leading Indicator) Will the ISM Manufacturing Index move downward from current levels? Image: Morgan Stanley Research
Utilities Dividend Yield Less 10-Year U.S. Treasury Yield Goldman Sachs upgraded utilities to outperform, as the utilities dividend yield is relatively high compared to the 10-year U.S. Treasury yield. Image: Goldman Sachs Global Investment Research
Valuation: Utilities vs. Tech vs. S&P 500 Nice chart showing the valuation of utilities vs. Tech and the S&P 500. Currently, utilities are valued at 19.9x forward EPS, tech at 18.7x, and the S&P 500 at 16.4x Image: Fidelity Investments
Utilities-to-Gold & Silver Mining Stocks Ratio Since 1990 S&P 500 Utility Sector to Philadelphia Gold and Silver Index hits all-time high. Image: Crescat Capital LLC
Positioning Across Sector Groups Investors are keeping exposure light across most sectors, with only Energy and Utilities still drawing interest. That’s hardly surprising, as Energy remains the market’s only bright spot. Image: Deutsche Bank Asset Allocation
Median Stock Short Interest as Share of Market Capitalization While the S&P 500’s median short interest is currently low by historical standards, Consumer Staples, Utilities, and Health Care sectors are notable exceptions, showing elevated short interest compared to their 30-year historical averages. Image: Goldman Sachs Global Investment Research
GWIM 4-Week ETF Flows as % of AUM BofA’s private clients have been buying municipals, dividend, utilities ETFs, and selling energy, EM debt, low-vol ETFs over the past four weeks. Image: BofA Global Investment Strategy
Utility Valuation Composite vs. S&P 500 Could utilities outperform the S&P 500? Image: MarketDesk Research
Yield Spread (Baa Bonds – Utility Dividends) Chart suggesting that utilities are cheap relative to Baa bonds. Image: Morgan Stanley