As Americans desperately seek to cool off, some stocks are rising with the temperature
Shares of companies whose products help cool homes have gained as record temperatures hit the United States. Carrier Global shares have jumped 10.6% this month, Whirlpool rose 4.8% and Aaon added 8.3%. Those gains have outperformed the broad-based S&P 500, which has risen 2.7% in the same time frame. That comes as Americans stock up on air conditioners, fans and other products to help battle the sweltering heat.
2% in the last month, Devon Energy gained 4.6% and Coterra Energy rose 4.6%. “The heat wave that much of the United States is experiencing is great for natural gas stocks because there are natural gas peaker power plants all over America that come on during peak load demand to help provide extra electricity,” according to a note by Louis Navellier, chairman of Navellier & Associates. Still, extreme weather has been a headache for many companies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Americans aren't rebuilding their savings fast enough | CNN BusinessA recession could be miles away — or it could be just around the corner. It’s the storm that just keeps getting delayed further, but someday in the near future a mild recession will hit, economists predict.
Read more »
Tech Stocks, Meme Stocks, Crypto: Investors Are Feeling Bold AgainTech stocks are rising manically, spilling into meme stocks. The cryptoverse is enjoying a resurgence. The market looks a lot like it did in 2021—right before stocks entered a deep slump.
Read more »
Carvana, AT&T, VMware stocks roar higher, Cinemark shares sag — and other stocks on the moveMovers & Shakers: Carvana hits the gas, as AT&T looks past lead-liner hang-up
Read more »
Passengers Pass Out Trapped In 111-Degree Heat On Las Vegas TarmacOver 70 million Americans are under heat advisories amid record-setting temperatures.
Read more »
CNN exclusive: DeSantis downplays concerns about the state of his 2024 campaign | CNN PoliticsGov. Ron DeSantis, in an exclusive interview with CNN’s Jake Tapper on Tuesday, brushed aside concerns about the state of his presidential campaign, continued to downplay the conflict in Ukraine and steered clear of supporting national abortion restrictions similar to the six-week ban he signed in Florida.
Read more »