5 Companies That Will Benefit From Global Warming

4. Pool Corporation (NASDAQ: POOL)  

Pool Corporation is one of the 10 best companies that will benefit from global warming. As temperatures rise across the globe, the demand for swimming pools is expected to surge. Pool Corporation is a wholesale distributor of swimming pool supplies and related equipment. In October 2020, the company posted a 26.6% growth for its Q3 net sales, while adjusted EPS in the period jumped 47%.  The company said it is experiencing a rise in residential pool products, driven by home-centric trends amid the coronavirus pandemic.

A total of 36 funds tracked by Insider Monkey held stakes in Pool Corporation entering the fourth quarter.

Here’s what Wasatch Core Growth Fund said about POOL stock in its Q3 2020 Investor Letter:

“Pool Corp. (POOL) saw its stock price increase as the wholesale distributor of swimming pools and related equipment and supplies benefited from rising demand precipitated by families increasingly favoring activities that can be enjoyed at home. The company also benefited from costsaving measures put in place at the start of the pandemic. We believe Pool Corp. is on a promising long-term growth trajectory and also has the potential to see more business in the short term from greater use of swimming pools by housing communities and individual households.”