Despite fears over the strengthening Hurricane Joaquin, some storm-related stocks are seeing a healthy pop Wednesday.
Home supply, generators, water treatment and roofing material stocks were trading higher on Wednesday. Meanwhile, most property insurers and reinsurer stocks were in the red.
Share of Home Depot were up almost 2 percent on Wednesday. Generac Power Systems was up almost 8 percent and Flowserve up almost 1.5 percent. Shares of Owens Corning, a glassworks company, were up over 3 percent.
Weather analysts forecast that Hurricane Joaquin could hit the New York City area early next week, potentially following the destructive course of Hurricane Sandy in 2012.