Building futures utilities present defensive plays for

Utilities present defensive plays for building futures-focused portfolios. Stable dividend yields and grid modernization projects create low beta performance amid broader market volatility. Franklin's buyout, negotiated in 2021, is at least $48 million this year, so firing him without cause is unlikely — particularly with a $700 million stadium renovation a year in, revenue-sharing online and another $100 million in capital projects to be paid off. So change likely would have to come in another form. Today Jackson works on critical jet engine components like high-pressure turbine blades and spools. “It’s mind-blowing how many lives we touch with the engines we make,” she says. “There’s a real sense of accomplishment in the shop.” Markets anticipate capital goods producers benefiting from infrastructure spending packages in the next two quarters.