It shouldn’t surprise anyone in the U.S. that July 2023 was the hottest month ever recorded on Earth. It is so hot that some cities have gone an entire month without temperatures falling below 100 degrees Fahrenheit. Coincidentally, 2023 has been the summer for sizzling stocks.
Because it’s been so darn hot, I thought I would focus my three hot summer stock picks on companies benefiting from hot weather. Whether it be HVAC providers or beverage producers, specific industries enjoy the hot weather more than others.
This post first appeared on InvestorPlace.