Low beta stocks can offer stabilization when combined with high-beta stocks, providing a more balanced risk profile.
Here is how Consolidated Edison (ED) and PPL (PPL) have performed compared to their sector so far this year.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Con Ed (ED) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.