Manufactured Home Stocks Are Jumping. Hurricane Idalia Could Spur Demand.

With Hurricane Idalia making landfall in Florida on Wednesday, investors are already placing their bets on companies that could benefit from recovery efforts after the natural disaster.

Last fiscal year, Skyline posted strong sales as it delivered a large order for FEMA. That could happen again if the disaster relief agency’s inventory runs low after the 2023 hurricane season. “I think the vast majority of the gains reflect those two transactions, while the more temporary potential benefit following the hurricane certainly could have driven some of the follow-up,” says Moore.

If any FEMA orders do happen, that would certainly be positive for the firm. McCanless noted that manufactured homes in disaster-prone areas need to be heavier and sturdier. As a result, the average selling price for such government orders tends to exceed the average pricing for manufactured home sales.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

U.S. crude stocks plunge 11M barrels last week; fuel stocks upU.S. crude stocks plunge 11M barrels last week; fuel stocks up - API
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Japanese stocks rise for third day as Hong Kong stocks hold steadyStocks in the Asia-Pacific region increased Wednesday, Aug. 30, the Japanese market showing a third day of increases. Hong Kong stocks were flat, with the...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Dow ends up 200 points, stocks score back-to-back gainsU.S. stocks scored back-to-back gains on Monday in an attempt to claw back ground in a rough August for equities. The Dow Jones Industrial Average rose about...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

FACTBOX-Stocks to watch as Idalia makes landfall in Florida By ReutersFACTBOX-Stocks to watch as Idalia makes landfall in Florida
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: Dow, Nasdaq Close Higher; 3M Stock RisesLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »