Residents in the Northeast are hunkering down in anticipation of Winter Storm Juno, as blizzard warnings have been issued for parts of seven states in the region.
The Weather Channel is forecasting more than two feet of snowfall for certain areas over the next three days.
Here’s a look at five stocks that could benefit from the storm:
1. United States Natural Gas Fund LP ETF (NYSE: UNG)
It’s no secret that cold weather boosts demand for natural gas. During last year’s unseasonably cold winter, UNG surged more than 46 percent from the beginning of November to the end of February.
Potential UNG investors should, however, be cautious in the current commodity environment. The price of natural gas is down 43 percent over the past year due to oversupply conditions.
So far, investors seem to be dismissing Juno’s potential effect on gas demand, as UNG is down more than three percent in trading on Monday.
However, if Juno ends up being the beginning ...
/www.benzinga.com/trading-ideas/long-ideas/15/01/5177778/build-up-your-winter-storm-juno-portfolio-with-these-5-stocks alt=Build Up Your 'Winter Storm Juno' Portfolio With These 5 Stocks>Full story available on Benzinga.com
More...