GNRC could be on the move as potential hurricane looms
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The markets are off to a slow start in September, with last week culminating in its worst performance since 2023.
We predicted this slow start in The War Room, and right now I’m focusing on companies that show consistent trends for potential trades.
One of those tickers is Generac Holdings (GNRC).
GNRC is worth watching due to potential hurricanes in the Gulf of Mexico right now.
As you’ll see in the chart above, there are three storms in the Atlantic, each marked by “X”s.
One of those storms, currently named Tropical Cyclone Six, could become a hurricane by tomorrow.
If Tropical Cyclone Six becomes a hurricane, there’s potential for an upward move in GNRC.
Generac is a manufacturing company that provides power generation equipment. People rely on GNRC to power their homes during power outages from extreme weather events like hurricanes.
The key trend is Generac’s stock moves based on the perceived probability of disasters, which then ramps up demand for their product.
So if there’s a hurricane this week, and more potential hurricanes on the way, then we could see a spike in GNRC.
Of course, it’s never fun to think about the life-threatening implications of hurricanes. I live in Florida and don’t like to see them. But as an investor I also know how a hurricane could impact the other side.
Action Plan: Right now we’re at the peak of hurricane season, and there’s three disturbances in the Atlantic and Gulf. If any of them turn into a hurricane, Generac is the ticker to keep an eye for a potential move.
I’ll be looking to make a trade in The War Room if that happens.
