Why Pool Corporation Rose 16.5% in July
What happened
Shares of Pool Corporation(NASDAQ:POOL) rose 16.5% in July, according to data from S&P Global Market Intelligence. As second waves of COVID-19 broke out across the south and western U.S., Pool continued to benefit from people who were investing in their homes and pools this summer.
The company also reported second-quarter earnings on July 23, beating analyst expectations for both revenue and earnings per share, continuing the strong month for this 2020 market outperformer.
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