The SPDR Select Sector Fund Utilities (ARCA: XLU) is down roughly 10% year-to-date and only invests in utility companies that are included in the S&P 500.
With gas futures surging after OPEC+ decided to cut 2 million barrels per day in oil production, many investors are preparing for a winter season with an oil and gas supply crunch.
Jana Partners, the activist hedge fund founded by Barry Rosenstein, grabbed headlines in 2017 when it earned $300 million off Amazon.com's (NASDAQ: AMZN) acquisition of Whole Foods.
Archaea Energy Inc. (NYSE: LFG) is one of the largest renewable natural gas (RNG) companies in the U.S. Its RNG facilities capture waste emissions and convert them into low-carbon fuel.
Since late August, China's strict zero-covid policy led to a full or partial lockdown of more than 70 cities. As a result, the demand for energy has fallen.
What Happened: Shenzhen, one of the world's busiest container port cities, continues to experience lockdowns.
With the SPDR S&P 500 (ARCA: SPY) down roughly 22.5% year-to-date, investors may want to turn to blue chip dividend kings. These stocks typically lose less of their value than other stocks in the S&P 500 and increase dividends for 50 consecutive years.