Record heat: Stocks winners and losers | CNN Business

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.

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