5 Best Hurricane and Natural Disaster Stocks to Buy Now

2. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 54 

3M Company (NYSE:MMM) operates as a diversified technology company worldwide. It is one of the best hurricane stocks to invest in. On October 5, the company announced that it would soon launch a next generation of 3M Scotchlite Reflective Material Industrial Wash to help meet the number of washes of garments and to withstand the tough conditions of industries. 

Among the hedge funds being tracked by Insider Monkey, Fisher Asset Management is a leading shareholder in 3M Company (NYSE:MMM) as of Q2 2022, with 6.2 million shares worth about $802 million. 

In its Q2 2022 investor letter, Mayar Capital, an asset management firm, highlighted a few stocks and 3M Company (NYSE:MMM) was one of them. Here is what the fund said:

“We also bought back into 3M Company (NYSE:MMM) as the stock reached attractive levels. We’d sold our shares in 3M last year when the price exceeded our estimated fair value, and as better opportunities to invest in presented themselves at the time. Nonetheless, we’ve always liked this business with its diversified revenues, its R&D leadership and its stable margins.”