Hurricane Matthew Hammers Florida

Hurricane Matthew Hammers Florida

In the wake of sobering news from the Caribbean, Hurricane Matthew leaves its devastating footprint on Florida. The token news relief may be that the storm is only a Category 4 hurricane, with winds expected to reach 210-to-220 kilometers per hour. Most of Florida has been brought to a complete standstill. It seldom gets worse. Only three Category 5 hurricanes have hit Florida over the past century: Hurricane Andrew in 1992, Hurricane Camille in 1969, and the still-unbelievable Labor Day Hurricane in 1935. What should investors in US stocks expect? Home-improvement companies could be winners, while insurers will likely be losers. Based on the mid-week queue at the petrol station near our office, firms with business exposure to retail gas operations in Florida may see an unexpected bounce in revenue.

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