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Sandy Rebuilding Rally: Construction, Home Improvement Stocks Rise



 

Sandy Rebuilding Rally: Construction, Home Improvement Stocks Rise

Sandy Rebuilding Rally: Construction, Home Improvement Stocks Rise
News from Fox Business:

While the East Coast attempts to clean up from Hurricane Sandy, the super storm is already proving to be a boon for the stock prices of companies that could benefit from the massive rebuilding efforts.

Shares of construction and home-improvement stocks like Owens Corning (OC) and Home Depot (HD) were among the early winners on Wednesday, while insurers such as Travelers (TRV) and Chubb (CB) suffered modest selling.

It’s not clear just how much damage Hurricane Sandy has caused in hard-hit areas like New Jersey and New York, but IHS Global Insight (IHS) forecasted potential infrastructure insured damages of about $ 10 billion and total damage of about $ 20 billion……………. continues on Fox Business

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Related News:

Home improvement stocks set to lead S&P 500 after storm
News from Reuters:

Related N…………… continues on Reuters

… Read the full article


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