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On CNBC's "Trading Nation," John Stoltzfus of Oppenheimer Asset Management said he didn't like the Utilities SPDR (NYSE:XLU) coming into the crisis, but he likes it now with all the rescue efforts from the Federal Reserve and the administration.
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He still thinks it will under perform the more cyclical sectors, but he likes the dividend yield. He added that the interest rates are not going higher for quite a while.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.