Utilities Heat Up

May 20, 2024


Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions. 
 
  • Due to energy-efficient technology, the US generated slightly less electricity in 2021 than in 2007. As a result, the Utilities sector only grew by an average of 6.6% annually (vs. 15.7% for the S&P 500). However, AI is helping to reinvigorate the Utilities sector, with energy demand now expected to grow 15% annually over the next decade. 1


  • Warren Buffett’s company, Berkshire Hathaway, now has over $189 billion in cash. To put this into perspective, this cash pile alone would make Berkshire the world's 58th-largest economy, just behind Hungary. 2


  • Nationwide, the cost of childcare for two kids exceeds average rent by at least 25% and is more than double that level in eight states. Childcare costs are a growing burden, accounting for about 10% of a married couple's income. 3


  • Privately owned companies are crucial to the US economy. 87% of firms with over $100 million in revenue are private, and these firms account for nearly 80% of job openings. Meanwhile, employment in S&P 500 companies comprises only 18% of jobs. 4


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Sources:

  1. WSJ - "Why Utilities Are Lighting Up the Stock Market"
  2. Advisorpedia – “Is Buffet's Cash Hoard a Market Warning? "
  3. AdvisorHub– “Child Care Is More Expensive Than Rent for the Average American Family"
  4. Apollo - "Public Markets are a Small Part of the Overall Economy"

*Past performance is not indicative of future performance


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