Seeking Alpha

Benzinga's  Instablog

Benzinga
Send Message
Benzinga is an innovative financial media outlet that empowers its users with high-quality, unique ideas that is coveted by the Street's top traders.
My company:
Benzinga
My blog:
  • Ways to Profit From California's Rain 0 comments
    Dec 22, 2010 2:30 PM | about stocks: RBN, GGG, FLS, SHS, IEX

    Trading Idea

    After days of relentless rain, Southern California is awaiting the most intense storm system yet, with evacuations ordered, rescue crews on standby and residents anxiously eyeing already saturated mountainsides denuded by wildfires.

    Forecasters expected more rain across the state Wednesday, but the focus clearly was on Southern California where a monster storm was expected to bring torrential rain, thunderstorms, flooding, hail and possible tornadoes and water spouts. Forecasters warned of possible rainfall rates of .75 inch to 1 inch an hour and thunderstorm rates of 2 inches an hour in the region.
    Steady rain began falling late Tuesday and was expected to intensify into early Wednesday.

    "It's going to be a three-ring circus," said National Weather Service spokesman Bill Hoffer. "There's going to be a six-hour time frame in the early morning when it's really going to be dumping on us."

    Officials on Tuesday ordered evacuation of 232 homes in La Canada Flintridge and La Crescenta, foothill suburbs of Los Angeles below steep hillsides that burned in 2009 and where mudslides inundated homes and backyards in February, according to Associated Press.

    Ways To Profit:

    Robbins & Myers (NYSE:RBN), Graco (NYSE:GGG), Flowserve Corporation (NYSE:FLS), Sauer-Danfoss (NYSE:SHS)

    Benzinga's Pick

    IDEX Corporation (NYSE:IEX) is an applied solutions business, which sells a range of pumps, flow meters and other fluidics systems and components and engineered products to customers in a range of markets globally. The Company's business activities are carried out through its wholly owned subsidiaries. IDEX operates in four business segments: Fluid & Metering Technologies, Health & Science Technologies, Dispensing Equipment, and Fire & Safety/Diversified Products.

    Disclosure: No position


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Themes: Flooding, California Stocks: RBN, GGG, FLS, SHS, IEX
Back To Benzinga's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.