As we’ve been telling you hurricane season began this week and good traders, like good scouts, need to be prepared. So, how do you allocate assets for the aftermath?
For starters, you could hunker down in home improvement stocks. After the big storms of the last decade the bottom line at Home Depot and Lowe's received a big boost.
But they’re not the biggest winners… Ironically, it’s the insurance companies who come out on top. Take this example. After storms of biblical proportion wreaked havoc in 2005, property premiums along the coast soared by as much as 1000%.
With 8 storms expected this season packing 110 mile-per-hour winds here are the divine trades that could make you money.
I would look at Allstate , says Guy Adami.