Stocks that can give cool returns this summer

Traders are scouring the market for stock bets that could benefit from a likely harsh summer. Brokerage Jefferies said companies benefiting from a strong summer belong to makers of fans, air conditioners, refrigerators, agriculture pipes, air coolers and pumps.

The firm’s top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex Industries and Supreme Industries. Based on Jefferies’ price targets, these stocks could return between 11% and 44%.