Diamonds and Dogs
Need more plywood. Home Depot (HD) is up a percent as Hurricane Irma bears down on the Caribbean. Home Depot will be busy rebuilding Houston and now thanks to Hurricane Irma, Home Depot will probably be busy in Florida for the next several months. On top of that, Home Depot received an upgrade from Bank of America /Merrill with a price target of $170.
Hurricane Irma has yet to make landfall, but it's already doing damage to the cruise lines like Royal Caribbean (RCL) and Carnival (CCL) both down over 3%. The companies already had to change plans when Harvey shut down a port near Houston, and it appears investors are preparing for more disruption now in Florida. The good news is going into today, both stocks were having standout years, with Royal Caribbean surging about 44 percent and Carnival up more than 27 percent.
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