Generac Holdings (GNRC)

Sep 7, 2023Trade Ideas

Hurricane season isn’t over just yet.

In fact, experts say Hurricane Lee could be a dangerous Category 4 storm, or quite possibly a Category 5. All as it approaches the warmer waters of the Caribbean. 

Hopefully, it’ll stay far off land, go north and die in colder waters.  For now, all we know is “Life-threatening surf was expected to hit the Lesser Antilles on Friday and reach the British and U.S. Virgin Islands, Puerto Rico, Hispaniola, the Bahamas and Bermuda this weekend,” as noted by the Associated Press.

With that, investors may want to pay close attention to generator stocks, such as Generac Holdings (GNRC), which has a history of running during such events. 

Technically, after finding support at $105, the stock is now consolidating around $118.46. We’d eventually like to see GNRC refill its bearish gap around $155.


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