While not in the real-estate sector, this infrastructure company has been weighed down by some stock-specific factors, but rising bond yields have also been a major impediment. We have discussed APA a number of times over recent months as it screens well around $8 – recent MM APA comments.
- We like APA Group (APA) as a defensive bond-like play into 2024, its forecast to yield ~6.8% over the coming year – we hold APA in our Active Income Portfolio.
MM is long and bullish on APA
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