Utility companies tend to do well in recessions as consumers understandably still have to make payments for basic requirements such as water, gas and energy. This week is an important week for utility companies and on Friday we see the Duke energy company releasing its earnings is headquarters is in Charlotte North Carolina and it has an annual revenue of over $24 billion with just under 30,000 employees, furthermore Duke energy is also investing in hydrogen and advance nuclear power generation technologies.
Does this make Duke energy a good company to buy? If the US is heading into a recession let’s take a look at the seasonals.
Major Trade Risks:
The major trade risks here is if earnings show a more negative outlook for Duke Energy and that could alter the seasonals.
Remember don’t just trade it, Seasonax it!