Utility stocks are the companies that provide everyday utilities that consumers need to survive. This primarily refers to amenities such as gas, heat, and electricity, as well as food and water. It is a broad industrial category, but some of the most popular stocks include UGI Corporation and Consolidated Edison, both of which operate across multiple subsectors.
With possibly choppy waters ahead in the global economy, investors may want to seek shelter in utility stocks to buy.
Warren Buffett stocks rarely disappoint the disciplined long-term investor willing to buy stocks on weakness and hold forever.