Two of the sectors that get the least attention are getting a lot of investor love, but traders are split on whether their run can continue.
div > div.group > p:first-child"> Utilities and REITs, which are outperforming the broader market during the past week, hit record highs on Tuesday. The XLU utilities ETF and XLRE real estate ETF are up roughly 2 percent in the past five sessions, while the S&P 500 has been flat. The utilities sector is also the best performer in the past year.
"We now foresee that interest rates are going to be kept very stable, very few raises this year. That has a big impact on their costs, so now we know their costs aren't going to go up that much, if at all, and these guys are much more predictable," Gibbs said on CNBC's"Trading Nation" on Tuesday."Even though they're contracting, earnings, we at least know what's going to happen.
"The second thing is these are some of the highest dividend-yielding stocks, and in this environment of slumming growth, increased uncertainty, it's nice to have some lifeboat stocks just in case you happen to hit a storm," said Gibbs."These two combinations are really what's bringing investors back to these stocks when they've been so out of favor for so long."Mark Newton of Newton Advisors also sees the two sectors outperforming, though only over the short term.
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