The economic and financial recovery from Hurricane Harvey is likely to cost tens of billions of dollars, anticipated to come in the form of federal disaster relief funding and spending by local governments and businesses. A long list of companies is likely to see a boost in revenues and stock prices as a result of the rebuilding effort, per CNBC's Jim Cramer.

Storm Surge

Many of these stocks already have spiked, some by nearly 20 percent, since the start of the hurricane, on August 24. Cramer's list includes these eight companies: home improvement and repair superstores The Home Depot Inc. (HD) and Lowe's Companies Inc. (LOW); home building materials suppliers Weyerhaeuser Co. (WY), Louisiana-Pacific Corp. (LPX), and USG Corp. (USG); road aggregates supplier Martin Marietta Materials Inc. (MLM); and roofing specialists Owens Corning (OC) and Beacon Roofing Supply Inc. (BECN).

Impact on Steel and Autos

Domestic steelmakers also could see a short-term benefit, given that between 30% and 35% steel imports to the U.S. come through Houston, per KeyBanc analyst Phil Gibbs, as reported by TheStreet. The supply disruption could cause an increase in domestic steel prices that would be a positive for companies such as United States Steel Corp. (X) and AK Steel Holding Corp. (AKS), Gibbs says. Cramer, meanwhile, cites a report that perhaps 500,000 vehicles have been damaged by Harvey, which would cause a spike in sales by auto and truck manufacturers, as these vehicles get replaced.

The National Hurricane Center determined that Harvey was reaching hurricane intensity during the early hours of Thursday, August 24, well before the start of trading in New York, according to The New York Times. These are the increases in the prices of the aforementioned stocks from the close on Wednesday, August 23 to the opening on Friday, September 1, per Yahoo! Finance: Home Depot, +0.8%; Lowe's, +1.6%; Weyerhaeuser, +4.3%; Louisiana-Pacific, +10.0%; USG, +16.8%; Martin Marietta Materials, +4.4%; Owens Corning +8.7%; Beacon, +19.0%; U.S. Steel, +8.2%; AK Steel, +4.6%.

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