ITC Holdings Corp
Utilities Sector: Stock Market Update for Week Ended July 17
Of the 41 utilities stocks we track, 30 gained during the week ended July 17. A positive Greek deal cheered markets globally, and dovish comments by the Fed pushed mid-to-long-term bond yields down.
What’s the Rationale for the ITC-Fortis Merger?
Fortis (FRTSF) is buying ITC (ITC) in the largest Canadian purchase of a US utility. Fortis intends to sell a 19% stake in order to help finance the transaction.
Will India’s GDP Growth Support Market Performance in 2017?
India’s economy remains robust despite the removal of about 86% of its currency in circulation, according to national accounts.
The ALPS Kotak India Growth Fund (INDAX) Portfolio Analysis
The ALPS Kotak India Growth Fund (INDAX) intends to invest at least 80% of its net assets directly or indirectly in equity and equity linked securities of Indian companies.
Utilities Sector Losers on April 22
After falling by 0.9% on April 21, the Utilities Select Sector SPDR ETF (XLU) posted marginal gains of 0.2% on Wednesday, April 22.