Hurricane Lee Picks Up Pace, On Track To Hit Northeastern US
Portfolio Pulse from Aaron Bry
Hurricane Lee is expected to hit parts of the U.S. North East, potentially causing damage and power outages. Home improvement retailers like Home Depot Inc (NYSE:HD) and Lowe’s Companies Inc (NYSE:LOW), and Generac Holdings Inc (NYSE:GNRC), a company that specializes in mobile generators, could benefit from the storm's aftermath.
September 14, 2023 | 6:46 pm
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POSITIVE IMPACT
Generac Holdings, a company that specializes in mobile generators, could see increased sales due to potential power outages from Hurricane Lee.
Generac Holdings' stock could rise due to increased demand for generators in the aftermath of Hurricane Lee, especially if there are widespread power outages.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Home Depot could see increased sales due to the need for reconstruction after Hurricane Lee.
Home Depot's stock could rise due to increased demand for home improvement and reconstruction materials in the aftermath of Hurricane Lee.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Lowe’s Companies could benefit from the storm's aftermath due to increased demand for home repair and improvement materials.
Lowe’s Companies' stock could rise due to increased demand for home improvement and reconstruction materials in the aftermath of Hurricane Lee.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75