Hurricane Sandy has pummeled the East Coast, and a variety of companies will feel the impact. Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are often thought of as winners in storms like this, selling generators and home-repair items, but the impact to most companies will be short-term in nature.
To find long-term plays, we need to look toward the damaged electrical infrastructure. It will take days, if not weeks, to restore power to parts of the East Coast, and the damage will be lasting for months. This is where contractors Quanta Services (NYSE:PWR), Pike Electric (NYSE:PIKE), and MYR Group (NASDAQ:MYRG) come in. These companies make a business of restoring power after storms and have months of work to do getting the East Coast up and running again.
See more in the following video.
Fool contributor Travis Hoium and The Motley Fool have no positions in the stocks mentioned above. Motley Fool newsletter services recommend Home Depot and Lowe's. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.