Although the Federal Reserve signaled a potential end to its hiking cycle, the recent events in the past few weeks have induced a fresh bout of volatility in the markets. Therefore, investors could consider adding utility stocks such as ONEOK, Inc. (OKE), Brookfield Infrastructure Corporation (BIPC), and Genie Energy Ltd. (GNE), which have gained significant momentum lately.
Fresh fears over the stability of the U.S. financial sector tormented markets following the collapse of First Republic Bank, on concerns that the crisis could mount and spread to other midsized banks.
