August Heat Wave Grips US: 12 Stocks To Watch As Blistering Temperatures Affect Nearly 150 Million Americans
Portfolio Pulse from Hayden Buckfire
A severe heat wave is affecting nearly 150 million Americans, with temperatures exceeding 110 degrees in several states. This extreme weather is expected to impact various sectors, including utilities, home improvement, and agriculture. Companies like Black Hills Corp, OGE Energy Corp, Evergy Inc, PG&E Corp, Lowe’s, Home Depot, Walmart, Generac Holdings, Tyson Foods, Deere & Co, Agco Corp, and Corteva Inc are likely to see changes in demand and operational challenges.
August 01, 2024 | 7:02 pm
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Tyson Foods Inc may face operational challenges due to the heat wave affecting its centers in several states.
The heat wave could disrupt operations at Tyson Foods' centers, posing challenges for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
PG&E Corp, operating in California, may face increased electricity demand and wildfire-related risks due to the heat wave.
While increased electricity usage could benefit PG&E Corp, the risk of wildfires poses significant challenges.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Agco Corp may see increased demand for irrigation equipment and heat-resistant machinery due to the heat wave.
The heat wave is likely to drive up demand for irrigation equipment and heat-resistant machinery, benefiting Agco Corp.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Black Hills Corp, operating in Nebraska, Kansas, and Arkansas, may face increased demand for electricity and potential operational strain due to the heat wave.
The heat wave will likely increase electricity usage, benefiting utility companies like Black Hills Corp. However, operational strain could pose challenges.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Corteva Inc may see increased demand for crop protection products due to the heat wave.
The heat wave is likely to drive up demand for crop protection products, benefiting Corteva Inc.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Deere & Co may see increased demand for irrigation equipment and heat-resistant machinery due to the heat wave.
The heat wave is likely to drive up demand for irrigation equipment and heat-resistant machinery, benefiting Deere & Co.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Evergy Inc, the largest electricity provider in Kansas, may see increased demand for electricity and potential operational strain due to the heat wave.
The heat wave will likely increase electricity usage, benefiting Evergy Inc. However, operational strain could pose challenges.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Generac Holdings Inc may see increased demand for generators due to the heat wave.
The heat wave is likely to drive up demand for generators, benefiting Generac Holdings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Home Depot Inc may see increased demand for air conditioning units due to the heat wave.
The heat wave is likely to drive up demand for air conditioning units, benefiting home improvement retailers like Home Depot.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Lowe’s Companies Inc may see increased demand for air conditioning units due to the heat wave.
The heat wave is likely to drive up demand for air conditioning units, benefiting home improvement retailers like Lowe’s.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
OGE Energy Corp, the largest utilities provider in Oklahoma, is expected to see increased electricity demand and potential operational challenges due to the heat wave.
Increased electricity usage during the heat wave will likely benefit OGE Energy Corp, but operational challenges may arise.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Walmart Inc may see increased demand for air conditioning units due to the heat wave.
The heat wave is likely to drive up demand for air conditioning units, benefiting retailers like Walmart.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60