5 Best Hurricane and Natural Disaster Stocks to Buy Now

1. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 80

The Home Depot, Inc. (NYSE:HD) operates as a home improvement retailer. It is one of the top hurricane stocks to invest in. On October 03, Jefferies analyst Jonathan Matuszewski kept a Buy rating on Home Depot, Inc. (NYSE:HD) stock and raised the price target to $394 from $392, remarking that home maintenance and emergency repair offer under-appreciated downside cushion for The Home Depot, Inc. (NYSE:HD) if discretionary home improvement outlays slow.

Among the hedge funds being tracked by Insider Monkey, Washington-based firm Fisher Asset Management is a leading shareholder in The Home Depot, Inc. (NYSE:HD), with 8.4 million shares worth more than $2.2 billion.

In its Q1 2022 investor letter, Diamond Hill Capital , an asset management firm, highlighted a few stocks and The Home Depot, Inc. (NYSE:HD) was one of them. Here is what the fund said:

“The Home Depot, Inc. (NYSE:HD) shares underperformed as continued solid fundamental results were outweighed by concerns about the impact rising mortgage rates may have on the housing market and general inflationary pressures potentially leading to a consumer spending slowdown. We view the long-term prospects and multi-year fundamental outlook as unchanged.” 

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