Hurricane Sandy damaged property, caused millions to lose power and even shut down U.S. markets for two days, which could spark economic activity as billions are spent on cleanup and recovery, according to an article published on Zacks.com.
Besides insurance, investors should watch construction- and gasoline-related products, as these sectors of the economy are likely to be most impacted by the effects of Hurricane Sandy. Here are a few examples listed by Zacks:
- iShares Dow Jones US Insurance ETF (NYSEArca: IAK)
- iShares Dow Jones Home Construction Index Fund (NYSEArca: ITB)
- United States Gasoline Fund (NYSEArca: UGA)
Visit Zacks.com for additional details.