MKM Partners analyst Megan McGrath said with the upgrade of Hurricane Michael's intensity to a Category 4 storm, some building products stocks could perform positively this morning.

McGrath expects potential positive reactions from Beacon (NASDAQ: BECN) and Owens Corning (NYSE: OC), as high winds from hurricanes would be expected to generate re-roofing demand. In addition, Builders First Source (NASDAQ: BLDR) and BMC Holdings (NASDAQ: BMCH) could also benefit from the distribution of wood construction products when re-building occurs.