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Oppenheimer's Stoltzfus Likes Utilities

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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.

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.

 

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