Hurricane Milton Is Florida's Second Storm In Two Weeks: How Disney, Theme Parks, Insurance Companies Could Be Impacted
Portfolio Pulse from Chris Katje
Hurricane Milton, a potential Category 4 or 5 storm, is set to hit Florida, impacting theme parks like Disney and Universal, power companies, and insurance firms. Home improvement retailers and generator companies may benefit from increased demand due to storm damage.
October 07, 2024 | 2:55 pm
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NEGATIVE IMPACT
Allstate Corporation may face increased insurance claims due to Hurricane Milton, impacting profits.
The hurricane's potential for severe damage could lead to increased insurance claims, impacting Allstate's profits.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Berkshire Hathaway may face increased insurance claims due to Hurricane Milton, impacting profits.
The potential for severe damage from the hurricane could lead to increased insurance claims, impacting Berkshire Hathaway's profits.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Universal Studios, owned by Comcast, may face closures and cancellations due to Hurricane Milton, impacting revenue.
Universal Studios is in the projected path of the hurricane, which could lead to closures and revenue loss.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Walt Disney World may face closures due to Hurricane Milton, leading to missed revenue opportunities and potential refunds.
Disney World is in the path of Hurricane Milton and has already stopped taking reservations for certain days, indicating potential closures and revenue loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Duke Energy may experience increased customer outages and repair costs due to Hurricane Milton.
The hurricane's path includes areas serviced by Duke Energy, likely leading to outages and increased repair costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Southern Company may face increased outages and repair costs due to Hurricane Milton.
Southern Company services areas in the hurricane's path, likely leading to outages and increased repair costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Travelers Companies may face increased insurance claims due to Hurricane Milton, impacting profits.
The hurricane's potential for severe damage could lead to increased insurance claims, impacting Travelers Companies' profits.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
Generac Holdings may benefit from increased demand for generators due to Hurricane Milton.
Generac shares have already hit new highs in anticipation of increased generator demand due to the hurricane.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Home Depot may benefit from increased demand for hurricane restoration supplies due to Hurricane Milton.
Home Depot typically sees increased demand for supplies following hurricanes, which is likely with Milton's impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Lowe's Companies may see increased demand for hurricane restoration supplies due to Hurricane Milton.
Lowe's typically experiences increased demand for supplies following hurricanes, which is expected with Milton.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60