Is water a defence against falling markets?
- From: Vol 7, Issue 6 (June 2006)
- Category: General
- Region: Unspecified
- Country: United Kingdom and United States
- Related Companies: Aqua America, Best Water Technology, California Water Service Co (Cal Water), Christ Water Technology, Consolidated Water, General Electric (GE), Hyflux, San Jose Water, Siemens, Southwest Water Company, Stanford Washington Research Group, Veolia and Zenon Environmental
Bears and bulls both need water, which makes for a good stock in hard times, but how did the water sector perform in last month’s market downturn? It depends on what you are buying.
Last month’s stock market correction knocked some of the bubbles out of the water market, but did not destroy the sector’s reputation as a defensive play. The overall performance of the sector depends on which index it is compared with.
The weighted average of US water stocks fell by 5.1% in May compared with 1.7% for ...
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