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Jim Cramer recommends buying Quanta Services, Planet Labs and Duke Energy, citing growth potential and satellite momentum.
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Five sectors are higher and six are lower in Wednesday's regular session, with growth sectors holding two of the top three positions. Technology sits well clear of the next sector, separated by a margin several times wider than any other gap in the table.
https://news.duke-energy.com/releases/doe-announces-50-million-selection-of-duke-energy-to-strengthen-grid-reliability-and-support-growing-communities-in-the-carolinas
The iShares U.S. Utilities ETF (IDU) is a passively managed fund with $1.35 billion in assets tracking the Dow Jones U.S. Utilities Index. With a 0.38% expense ratio and 2.49% dividend yield, it offers diversified exposure to the utilities sector but has underperformed year-to-date, declining 2.57%. The fund holds 49 stocks with top positions in NextEra Energy (11.1%), Southern Company, and Duke Energy. Alternatives like Vanguard Utilities ETF (VPU) and State Street Utilities SPDR (XLU) offer lower expense ratios.
Planet Labs stock is down 66% from its peak as a Google AI satellite built with Planet reaches orbit. Jim Cramer says the stock is done falling.
Planet Labs (NYSE: PL) stock rose Tuesday after its Friday launch of 20 satellites, including a Google prototype, and Jim Cramer's Monday comments.
U.S. stocks rose; Apogee surged 10% on strong results and raised guidance, while Option Care, Ginkgo, PacBio and others posted double-digit gains.