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.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
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.
Källa: CNN - 🏆 4. / 95 Läs mer »
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.
Källa: WSJ - 🏆 98. / 63 Läs mer »
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
Källa: MarketWatch - 🏆 3. / 97 Läs mer »