More and More Talk about La Nina. Link.Superior has a "normal" winter in its earnings growth forecasts, after last year being warmer than average.
However, La Nina is going to kick in the next few weeks which will bring below average cold weather. This is very positive for SPB and the market will likely recognize this over the next few months, providing a tailwind for the stock and earnings. Sentiment is about to change.
Big dividend payout coming this month as well.
https://weather.com/news/weather/news/2024-09-12-us-la-nina-watch-noaa-update-2024
Also, oil rig count went up, which is also bullish for SPB. Might be why we got a bit of a bump last week.
Would not be surprised to see $9+ in Q4 especially as rates drop and these high dividend stocks get bid up for their yield.
Good luck to all.