Americans are not sure about economic health and its future, as several factors continue to fear their heads. The impact of the marketplace market and tariffs continues to be concerned, despite the interest rates and hints of reducing the federal reserves of last month’s federal reserves and hints of increased tariffs this year.
Given uncertainty, it would be wise to invest in defensive shares in the safe utility sector. This includes Atmos Energy Corporation Ato, Consolidated Water Co. Ltd. Cwco, Northwestern Energy Group, Inc. Owners and Northwest Natural Control Nwn. Each of these stocks contains 2 rank (buy). You can see A detailed list of today’s Zacks #1 (Strong Buy) stock here;
These stocks come from the low category of Beta (Beta Beta is larger than 0 but less than 1). Thus, the recommended approach is to invest in small beta shares with high dividend yields and favorable Zacks rank.
September Consumer confidence decreased to 94.2, and a month decreased by 3.6 points and there was a lack of consensus to estimate 96 reading, the conference board said Tuesday. The current situation index, consumer assessment of current business and labor market conditions, decreased by 7 points to 125.4.
Short -term expectations of income, business conditions and employment also decreased by 1.3 points to 74.8 in September. Any reading below the 80 threshold indicates a higher economic risk sliding into the downturn.
Increasing concern about the decline in the labor market first caused consumers’ confidence. Consumer evaluation due to the possibilities of current work has now declined for the ninth consecutive month.
In addition, high prices of goods continue to put pressure on consumer costs. President Donald Trump’s rates have already increased the prices of goods, and high inflation is still concerned.
Last month, federal reserves’ penalty reduced interest rates by 25 base points to increase the economy after the job statement has painted a gloomy economic view. The central bank also mentioned two more tariff reductions in quarterly basic points this year. But the worries once again became unstable.
Atmos Energy CorporationTogether with subsidiaries, they are engaged in regulated natural gas distribution and storage business. ATO serves nearly 3.3 million customers of more than 1,400 communities in the eight states from the Blue Ridge Mountains to the West of Rocky Mountains. Atmos Energy is operative more than 73,000 miles of transmission and distribution lines, as well as 5,700 miles of cross -border pipelines.