Home Depot (NYSE:HD) and Lowe’s (NYSE:LOW) are trading higher today as investors snap of shares of retailers (NYSE:XRT) expected to report solid gains after Hurricane Irene. U.S. residents on the eastern seaboard stormed stores to stock up on necessities (NYSE:XLP) such as water, home improvement products, and food.
General store Walmart (NYSE:WMT) and pharmacies CVS (NYSE:CVS) and Walgreens (NYSE:WAG) also benefitted from a last minute rush for household items, prescription drugs, and first aid products. Although office supply stores Staples (NASDAQ:SPLS), Office Depot (NYSE:ODP) and Office Max (NYSE:OMX) are trading higher today, be careful as they may pullback if these outlets didn’t benefit as much as the other obvious beneficiaries of hurricane preparation.
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