Meanwhile, margin debt levels are not yet extreme, which supports continued flows from Treasury bills, cash, and money markets into equity markets as the fear of missing out (‘FOMO’) continues. Plus: 74% of major central banks are easing now, versus only 9% in July 2023.As for Generac Holdings, it is up around 40% in the last three months. It should push beyond $200 in the short-term and higher over a longer time frame. Generac has a 70% share in the home standby generator market. With hurricane activity rising and power grid strain showing, single-digit home penetration will go up.My recommended action would be to consider buying shares of Generac Holdings.
About the Author
Thomas J. Hayes is the founder, chairman, and managing member of Great Hill Capital, LLC (a long/short equity manager based in New York City). Before starting his own firm, Mr. Hayes worked with Cornwall Capital, LP (one of the firms featured in The Big Short book and movie).On a weekly basis, he publishes his timely stock market commentary, Hedge Fund Tips with Tom Hayes videocast and podcast. He has a wide following in the investment management, hedge fund, and media community.More By This Author:Copa Holdings: A Higher-Yielding Airline In A Group Not Known For Juicy DividendsKMI & TRP: Two Energy Companies Set To Profit From LNG ExportsGLW: Ignore The Latest EU Kerfuffle And Buy The Glass Supplier
Generac Holdings: A Promising Small-Cap Play In A Rallying Market
