"This week, JPMorgan analysts suggested that a retreat from today's elevated stock prices might actually be beneficial, helping to cool an overheated market and create conditions for steadier, longer-term expansion. Their view emerges as key benchmarks such as the S&P 500 trade at lofty valuations following months of consistent gains. We screened the equity research database, looking for companies that are highly stable, pay reliable dividends, and operate in sectors that tend to perform well during market corrections, such as healthcare, utilities, and consumer staples."
"The company is a publicly traded limited partnership with core operations that include: Following the acquisition of Enable Partners in December 2021, Energy Transfer owns and operates over 114,000 miles of pipelines and related assets in 41 states, spanning all major U.S. producing regions and markets. This further solidifies its leadership position in the midstream sector. Through its ownership of Energy Transfer Operating, L.P., formerly known as Energy Transfer Partners, L.P., the company also owns Lake Charles"
JPMorgan analysts suggested a retreat from elevated stock prices could cool an overheated market and create conditions for steadier, longer-term expansion. The S&P 500 trades at lofty valuations after months of consistent gains. Research screened for companies that are highly stable, pay reliable dividends, and operate in defensive sectors such as healthcare, utilities, and consumer staples. JPMorgan is described as a leading investment firm with a top-notch research department serving institutional and high-net-worth clients. Representative names include AT&T, which sells through company stores and agents, provides broadband fiber and legacy telephony, and has a JPMorgan price target of $33; and Energy Transfer, which, after acquiring Enable Partners in December 2021, operates over 114,000 miles of pipelines across 41 states.
Read at 24/7 Wall St.
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