Published on 14 Mar 2024 on Zacks via Yahoo Finance
Duke Energy (DUK) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this electric utility have returned +4.6%, compared to the Zacks S&P 500 composite's +4.4% change. During this period, the Zacks Utility - Electric Power industry, which Duke Energy falls in, has gained 6.2%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.