New York's Air Quality Worst On The Planet Wednesday: Outdoor Activities Canceled, Flights Delayed
Portfolio Pulse from Aaron Bry
New York City experienced the worst air quality in the world on Wednesday due to Canadian wildfires, leading to outdoor activities being canceled and flights delayed. Companies producing masks, such as 3M Co and Alpha Pro Tech, could benefit if the situation persists.
June 07, 2023 | 8:13 pm
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NEUTRAL IMPACT
US Global Jets ETF was largely unaffected by the flight delays and cancellations caused by the poor air quality in NYC.
Despite the flight delays and cancellations caused by the poor air quality, the US Global Jets ETF was trading up slightly on Wednesday afternoon. This indicates that the ETF was not significantly impacted by the situation in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Alpha Pro Tech could benefit from the poor air quality in NYC as people use masks to protect themselves from the hazardous air.
As the air quality worsens, people are likely to use masks to protect themselves. Alpha Pro Tech, being a producer of masks, could see an increase in demand for their products, potentially leading to a short-term positive impact on their stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
3M Co could benefit from the poor air quality in NYC as people use masks to protect themselves from the hazardous air.
As the air quality worsens, people are likely to use masks to protect themselves. 3M Co, being a producer of masks, could see an increase in demand for their products, potentially leading to a short-term positive impact on their stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50