It’s been a busy hurricane season.
Well aware of that possibility, we recommended related stocks like Generac Holdings (GNRC), Home Depot (HD), Lowe’s (LOW), and Xylem (XYL) on June 8, 2021.
At the time, GNRC traded at $339. It’s now up to $404 – and could run higher. Home Depot traded at $309. It’s now up to $330. Lowe’s even ran from $190 to $204. While most are pulling back at the moment, don’t count them out just yet.
Many have a history of running even higher around this time of year with the season still active.
In fact, according to Accuweather, the Atlantic hurricane season shows no signs of slowing.
“There are three systems that have the potential to become tropical depressions and storms this week over the Atlantic basin,” AccuWeather Hurricane Expert Dan Kottlowski said earlier this week, adding that one is a strong candidate to take on the next name from the 2021 list.
In addition, October has a history of producing major hurricanes. “The ocean heat content or what meteorologists call “available energy” for hurricanes can be quite high in the western Caribbean during October. When warm ocean water evaporates, it heats the surrounding air, which in turn, can fuel the growth and intensity of a hurricane,” added Accuweather.
Should October 2021 prove to be another active hurricane month, the above-mentioned stocks could see higher highs.
The post The Top Hurricane Stocks to Consider Even Now appeared first on Morningology.
