Already, the storms of February 2010 have brought blizzard conditions to the Washington, D.C. metro area, New York City and many other Northeastern cities. Of course, these storms also brought big snow and cold to the Midwest. In fact, if you live practically anywhere east of the San Andreas Fault you are likely acutely aware of the deep freeze biting the nation.
In addition to record-breaking snowfall, temperatures in many areas of the country have been way below normal this winter, especially in the Midwest and East Coast, and unfortunately, according to the 2010 Farmers’ Almanac, this winter will likely see many more days with below-normal average temperatures. Not just in the Midwest and East Coast, but for about three-quarters of the nation. The fallout from these cold temps is a constriction of outdoor activity, more time indoors, increased use of heaters, and when you have to go outside, the need to bundle up.
Fortunately, this year’s cold spell isn’t all bad. In fact, a grumpy Old Man Winter could actually bring warmth to investors savvy enough to take advantage of the extreme chill. And with this in mind, here are five cold weather stocks that might just heat up your portfolio.