Institutional Investor (January 9)
“Amid market volatility in 2022, defensive stocks, most of which are dividend payers with stable earnings, had a good run. While they tend to underperform growth or cyclical stocks in bull markets, they are usually perceived as safer bets during recessionary periods. Dividend stocks gained 2 percent from January to October 2022, beating the market by more than 20 percent.”
Tags: 2022, Bull markets, Cyclical, Defensive, Dividend stocks, Growth, Market volatility, Recessionary, Safer, Stable earnings, Underperform
Bloomberg (August 23)
Dams are typically viewed as a stable form of renewable energy. “The drought on the Yangtze is showing how the climate can scramble that logic. Solar’s major variability can be measured in hours, governed by the rise and fall of the sun, and relatively easily fixed by using batteries to shift the midday peak in output to the early evening peak in grid demand…. Hydro power, however, has a unique ability to underperform for a whole season.”
Tags: Underperform
