Home improvement retailers see gains during 3Q

For the quarter beginning July 1, Lowe's Cos. Inc. saw its stock price climb more than 10 percent. Meanwhile, shares of the company's bigger competitor--The Home Depot Inc.--grew by nearly 7 percent.

Despite the turmoil on Wall Street that roiled many industries, the home improvement chain's strong quarter came at the height of this year's hurricane season, which began June 1.

According to the National Hurricane Center, tropical storm activity in July was above average with three tropical storms forming during the month, two of which became hurricanes.

Atlanta-based Home Depot shares climbed a penny to $25.00 in midday trading Tuesday.

Meanwhile, Mooresville, N.C.-based Lowe's stock rose 46 cents, or 2 percent, to $23.42.