How Strong Is Milton? What To Expect From Hurricane Categories 1 Through 5
Portfolio Pulse from Anthony Noto
Hurricane Milton, initially a Category 5 storm, has been downgraded to Category 4 as it approaches Florida. Despite the downgrade, evacuation orders remain in place. The article discusses the Saffir-Simpson Hurricane Wind Scale and the potential damage from different hurricane categories. Insurance-focused ETFs like iShares U.S. Insurance ETF (IAK) and Invesco KBW Property & Casualty Insurance ETF (KBWP) may see movement due to the storm's impact.
October 09, 2024 | 6:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
iShares U.S. Insurance ETF (IAK) may experience price movement due to Hurricane Milton's potential impact on the insurance sector.
Hurricane Milton's potential damage could lead to increased insurance claims, affecting companies within the ETF. This may result in price movement for IAK.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Invesco KBW Property & Casualty Insurance ETF (KBWP) may see price fluctuations due to Hurricane Milton's impact on property and casualty insurance.
The storm's potential for significant damage could lead to increased claims in the property and casualty insurance sector, impacting KBWP's holdings and price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80