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5 Stocks to Buy Ahead of Hurricane Season

Researchers expert this year to be especially brutal

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Hurricane Irene 2011 630The old Wall Street saying “Sell in May and Go Away” might work for the broader market most of the time, but it doesn’t appear to apply to hurricane stocks.

Forecasters expect this year’s Atlantic hurricane season — which runs from June 1 to Nov. 30 — to vie for the record books. Researchers at Colorado State University figure there’s a 72% chance of at least one major hurricane (that is, category 3, 4 or 5) slamming into the U.S. coastline this season. (Over the last century, the probability of such an event has been 52%.)

Furthermore, researchers expect four major hurricanes to form this season amid a total of 18 named storms. In the words of WeatherBell Analytics: “A wild season is on the way.”

If there’s any bright side for traders, it’s that flooding, wind damage, power outages and all the other destruction stemming from big storms does wonders for hurricane stocks. (At least it did last year.)

Here are stocks that stand to benefit from an active hurricane season:

Article printed from InvestorPlace Media,

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