Friday, August 2, 2024

UPDATED—With Six Weeks To Peak Hurricane Day (Sept. 10) A Chance To Own The Risk Manager's Go To Disaster Equity, On Sale (GNRC)

Update: price $141.02 down $4.48 (-3.08%) after the payrolls report.
Original post: 

I refer, of course to electrical generator company Generac Holdings.

The company just reported a beat-and-raise (Reuters via Yahoo Finance, July 31):

Generac lifts annual sales growth forecast on strong demand for generators

but is caught in the downdraft along with everything else.

The stock got hit for ten bucks yesterday and is down a bit more this morning:

$145.50 down $10.18 (-6.54%) at the close August 1.
$144.99  down $0.51 (-0.35%) pre-market August 2.

Meanwhile in the Caribbean the National Hurricane Center is highlighting a disturbance that has a likelihood of developing into a storm or worse: