Roger Conrad

The so-called “magnificent seven” big tech stocks still get most of the attention when it comes to the artificial intelligence boom. But as they run out of steam following last year’s record gains, an up-to-now overlooked AI-linked sector is starting to pick up steam—electric utilities. Roger highlights top utility AI bets with an upside of 50% and more over the next year from this emerging great rotation.    

Despite a late-year rally, utility stocks were among the stock market’s worst performers in 2023. That’s about to change with a vengeance—whether the New Year brings a rising market with rapid sector rotation from bloated Big Tech, or a US recession and sell-off. The utility earnings Armageddon many predicted would result from rising interest rates never happened. Now rates are headed lower, and investment is set to keep driving growth. And best-in-class utilities earnings, dividends, and stock prices are gearing up for potentially their biggest year since 2000—when the Dow Jones Industrial Average returned more than 50%. Join 37-year industry veteran Roger Conrad as he highlights his top utility picks for 2024—as well as what to avoid. 

The past 18 months have been a wild ride for the energy market with oil trading over $100/bbl and under $70/bbl and US natural gas prices reaching 10+ year highs in the summer of 2022 only to crash under $2/MMBtu last spring. A year ago, the US and other developed countries were begging Saudi Arabia and the rest of OPEC for more supply; today the market is obsessed with how much, and for how long, the cartel I willing to restrict production to prop up prices.  In this session, Roger Conrad and Elliott Gue, will cut through all the noise and conflicting narratives about energy commodities and identify a handful of their top energy stocks to buy for 2024.