As the hurricane season draws near, James Altucher, founder of stockpickr.com, sees great opportunities for investors.
Altucher claims to have scanned every single stock in the S&P after each major hurricane and says that every one of the following four stocks were up.
Hill Rom -– “They make a lot of furniture and software for hospitals and do well after a hurricane.”
Campbell Soup -– “People are evacuated to the school gym after a hurricane and they have to eat something. Of all the food companies, Campbell Soup raised guidance. They just announced that they are buying back $1.2 billion worth of stock. So this is a good company.”
Toro Company -– “They have been hit because of the housing industry, but they have been growing huge overseas. They just announced a $4 million share buyback. They have gone up after every single hurricane. Besides, people need landscaping after a hurricane!”
Nucor -– “We’re only halfway there in terms of the whole steel boom and the infrastructure boom -- and after each hurricane, everyone needs steel to rebuild.”
Disclosure information for James Altucher was not immediately available.