-
Can Generac Hold Its Charge After Harvey And Irma?
Tuesday, September 5, 2017 - 4:28pm | 341Hurricane Harvey has dissipated, but one of the most popular hurricane stocks continued its bullish momentum on Tuesday. With Hurricane Irma now a category 5 storm and Tropical Storm Jose right on its heels, traders are betting that there could be more demand for Generac Holdings Inc. (NYSE: GNRC)...
-
Economist: 'Blissfully Ignorant' Wall Street May See Downturn Due To Real-World Realities
Sunday, September 3, 2017 - 12:31pm | 591A summer vacation season filled with anxiety may have finally provided Wall Street with a wake-up call. But it may be too late to avoid a downturn. From Hurricane Harvey to tax reform to the debt ceiling to the very social stability of the United States, the markets are likely to show signs that it...
-
Hurricane Harvey, By The Numbers
Friday, September 1, 2017 - 2:17pm | 404Hurricane Harvey's devastation on Texas has impacted 30,000 people who were forced to abandon their homes and another 13,000 others were rescued in the Houston region alone, Statista reported. Meanwhile, the death toll stands at 46 although this could change and the final human and economic cost...
-
August Auto Sales Recover Modestly As Industry Looks To Post-Hurricane Replacement Demand
Friday, September 1, 2017 - 1:43pm | 1009Some semblance of sanity returned to the auto market in August after an extended lean run that spanned seven months. That said, the performance remained lukewarm, as companies continued to work their way through inventories. August 2017 had one additional selling day compared to the same month in...
-
BMO Says RV Stocks Aren't The Way To Play Hurricane Harvey
Friday, September 1, 2017 - 12:09pm | 372There have been plenty of stocks on the move this week in the aftermath of Hurricane Harvey. However, BMO Capital Markets says investors should think twice about buying RV stocks as a Harvey trade. Analysts such as Baird Equity Research’s Craig Kennison, expect major demand for RVs from the...
-
Will Global Warming Reduce Investment In Coastal Real Estate?
Thursday, August 31, 2017 - 1:17pm | 915As Hurricane Harvey wreaks havoc, it's worth examining how global warming may affect investment in coastal real estate. Long-term measurements of tide gauges and the latest satellite figures reveal an average of how much sea levels have risen per year — 3.2 millimeters annually. Over the...
-
How Hurricane Harvey Has Impacted Gas Prices
Thursday, August 31, 2017 - 11:48am | 515Hurricane Harvey has triggered a unique phenomenon in the U.S. oil and gas industry. Since the devastating flooding in South Texas and Louisiana has disrupted far more crude oil refining capacity in the region than production capacity, the net result of the storm has been less crude oil being...
-
Here's What May Be Tempering Reactions To Five Below's Fantastic Q2
Thursday, August 31, 2017 - 11:34am | 386By many measures Five Below Inc (NASDAQ: FIVE) reported a fantastic earnings report Wednesday, which helped boost the stock higher by more than 3 percent. But by Thursday morning, shares of Five Below gave up all of its gains and was lower by more than 2 percent. Five Below's sell-off could in part...
-
Cramer's Top Stock Picks Post Hurricane Harvey
Thursday, August 31, 2017 - 10:11am | 490One of the many things America does best is to rebuild itself to be bigger and better than it was before. Along the way, a small handful of companies will play a vital role in rebuilding the fourth-largest city in the U.S., which was taken offline by Hurricane Harvey, CNBC's Jim Cramer commented...
-
Petroleum Paradox Explained: Why Crude Prices Are Dropping And Gasoline Prices Rising In The Wake Of Harvey
Wednesday, August 30, 2017 - 2:16pm | 397Oil prices are dropping and gasoline prices are rising because of Tropical Storm Harvey’s impact on Texas, when the two usually move in concert. Why the dramatic divergence? Harvey knocked out half the oil-refining capacity in Texas, which converts 30 percent of the nation’s crude, LPL...
-
ICF International: A Stock Picker's Play On Disaster Recovery Services
Wednesday, August 30, 2017 - 9:44am | 523After days of flooding the Texas coast, Tropical Storm Harvey hit land again Wednesday, inundating the Louisiana-Texas border with 2- to 4-foot storm surges. At least 30 have been confirmed dead, and destruction is said to be in the $50 billion range, and still climbing. But recovery aid is...
-
'Fake News' Media Keeping Masses Informed, Literally Saving Lives In Houston
Tuesday, August 29, 2017 - 4:21pm | 590A local Houston television reporter spots a truck in 10 feet of water, its driver trapped inside as the flood slowly fills up his cab and threatens to drown him. KHOU 11 reporter Brandi Smith and photographer Mario Sandoval, their station flooded and evacuated, are reporting live and alone and...
-
Will Hurricane Harvey Be The Costliest Storm The Insurance Industry's Ever Faced?
Monday, August 28, 2017 - 12:19pm | 693When Hurricane Sandy blew through the Northeast, trailing $68.4 billion in damages, insurers felt a $30 billion punch, according to Statista. The Gulf’s legendary Katrina drained some $80 billion from the pot. But insurance companies could escape relatively unscathed from the weekend’s...
-
How Will Harvey Impact Oil And Gasoline Prices?
Monday, August 28, 2017 - 10:28am | 481Flooding from Hurricane Harvey is devastating the Houston and Galveston areas of Texas, major hubs for U.S. oil refining. Royal Dutch Shell plc (ADR) (NYSE: RDS-A) (NYSE: RDS-B), ExxonMobil Corporation (NYSE: XOM) and other major refiners have already shut down more than 1 million barrels per day...
-
An Energy ETF That's Actually Surging
Monday, August 28, 2017 - 8:30am | 566If investors have heard one thing about the energy sector this year, it is about how poorly the group is performing. Simply put, energy is the worst-performing sector in the S&P 500 in 2017. The Energy Select Sector SPDR (NYSE: XLE), the largest energy exchange traded fund by assets, is down 16...