Canadian Utilities Stock: Analysis and Insights | Smart Money Dumb Money Show

Welcome to the Smart Money Dumb Money Show with your host, Keith Richards, President and Chief Portfolio Manager at ValueTrend Wealth Management. In today's video, we dive deep into Canadian Utilities Stock, exploring the current market trends, performance, and potential opportunities within this sector. Don't forget to like, subscribe, and hit the notification bell for more financial insights!
📅 Timestamps:
(00:04) - Introduction
Keith Richards introduces the episode's topic, Canadian Utilities Stock, and discusses its relevance to his upcoming presentation at the Money Show.
(01:01) - Canadian Utilities at the Money Show
Keith explains why he chose to focus on utilities in this video and invites viewers to join him at the Money Show for more in-depth insights.
(01:50) - The Power of Utilities
Discussion on the different types of Canadian Utilities stocks and why Keith is bullish on power sources like nuclear and other types due to increased demand from data storage, AI, and immigration.
(02:58) - Relative Strength Performance Chart
Keith shows a two-month relative strength chart, highlighting the outperformers and underperformers in recent months, with a focus on utilities.
(04:11) - Canadian vs. U.S. Utilities
A detailed comparison between Canadian and U.S. utilities ETFs, analyzing their differences in diversification and market performance.
(06:22) - U.S. Utilities Performance
An overview of the U.S. utilities ETF performance, noting the breakout points, overbought conditions, and key indicators like MACD and RSI.
(08:15) - Canadian Utilities Performance
Keith discusses why Canadian utilities may have more upside potential, focusing on the iShares XUT index and the breakout patterns in top stocks.
(08:54) - More on Canadian Utilities
Further analysis of specific Canadian utility stocks, including Fortis, Brookfield, Hydro, and more, with insights into their current performance and potential.
(09:59) - Old vs. New Technology in Utilities
Keith explains the challenges faced by newer renewable technologies and why traditional power sources still play a crucial role in meeting current energy demands.
(10:54) - Final Thoughts on Canadian Utilities
Keith shares his concluding thoughts on the potential of Canadian utilities, emphasizing the importance of individual stock analysis over broad ETFs and the ongoing rotation in the market.
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[@elitedelta9001]

Keith, great video. Question: How about Zut instead of XUT?

[@ValuetrendCa]

Yes, I typically prefer equal weight ETF's

[@1232bluejays]

Looks like utilities have already run up in anticipation of rate cuts

[@ValuetrendCa]

Yes--I just wrote a blog about that happening! www.valuetrend.ca/tsx-venture-composite-china-utilities-bitcoin/