As residents of the Midwest and Mid-Atlantic United States brace for a historic heat wave, here are 10 stocks that could be impacted by June's extreme weather.
The Forecast: According to AccuWeather, several major population centers will see extreme heat this week.
Chicago is forecasted to experience temperatures exceeding 90 degrees through Friday, similar to the heatwaves seen in 2022 and 2023. No rain is expected for the week.
Fellow Midwestern cities Detroit, Cleveland and Cincinnati will see temperatures in the mid-to-high 90s through Friday.
On the East Coast, temperatures are expected to be even higher. New York City is forecasted to reach the mid-90s, Philadelphia will climb to the high 90s, and Washington D.C. is predicted to top out at over 100 degrees.
Affected Stocks: Temperatures have increased steadily in recent years. The phenomenon, widely attributed to the effects of climate change, has affected companies in various sectors.
Several large manufacturers of air conditioners in the U.S. typically see a surge in sales following periods of extreme weather. This trend is unsurprising given the increased demand for cooling solutions during heatwaves. Carrier Global Corp
Lowe's Companies Inc
Generac Holdings Inc
Edgewell Personal Care Co
Attendance at theme parks could wane during prolonged stretches of extreme heat. Walt Disney Co