Heat Wave Hits US: 10 Stocks To Watch During June's Sweltering Temperatures
Portfolio Pulse from Hayden Buckfire
A historic heat wave is expected to hit the Midwest and Mid-Atlantic United States, potentially impacting several stocks. Companies in the HVAC, home improvement, backup power generation, personal care, and amusement park sectors may see changes in demand due to the extreme temperatures.
June 17, 2024 | 3:13 pm
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NEGATIVE IMPACT
Walt Disney Co may see a decline in theme park attendance due to the extreme heat.
Extreme heat may deter visitors from attending Walt Disney's theme parks, negatively impacting revenue.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Six Flags Entertainment Corp may see a decline in theme park attendance due to the extreme heat.
Similar to Walt Disney, Six Flags may experience lower attendance at its theme parks due to the extreme heat.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Carrier Global Corp, a major HVAC manufacturer, is likely to see increased demand for air conditioners due to the heat wave.
Extreme heat increases the demand for cooling solutions, benefiting HVAC manufacturers like Carrier Global Corp.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Edgewell Personal Care Co is likely to see increased sales of sunscreen products due to the heat wave.
The heat wave will likely drive up demand for sunscreen products from Edgewell Personal Care.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Generac Holdings Inc is expected to see increased demand for backup power generators due to the heat wave.
The heat wave may lead to power outages, increasing the need for backup power solutions from Generac.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Home Depot Inc is likely to see increased sales of cooling products such as fans and air conditioners due to the heat wave.
Similar to Lowe’s, Home Depot is expected to see higher demand for cooling products during the heat wave.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Lennox International Inc is poised to see increased demand for its HVAC products due to the extreme heat.
The heat wave will likely drive up demand for Lennox International's cooling solutions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lowe’s Companies Inc is expected to see increased sales of fans and air conditioners due to the heat wave.
The heat wave will likely drive up demand for cooling products sold by Lowe’s.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Trane Technologies PLC, another major HVAC manufacturer, is expected to benefit from increased air conditioner sales during the heat wave.
Similar to Carrier, Trane Technologies is likely to experience higher demand for its cooling products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Watsco Inc, a leading HVAC distributor, is expected to see increased sales due to the heat wave.
Watsco Inc is likely to benefit from higher demand for HVAC products during the heat wave.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80