MILLBURN, N.J. ( Stockpickr) -- The U.S. has endured some very lousy weather recently. The winter of 2011 was one of the snowiest on record, and spring has brought us rains of near-Biblical proportions and tornadoes wreaking havoc in the Midwest.

Now, as we embark on the three-day Memorial Day weekend, nicer weather appears to be breaking out across the country, which will allow us, after a long, miserable winter, to leave the shelter of our homes, participate in outdoor activities and pile our families into the car for a long weekend away. Luckily, the price of gasoline appears to have peaked at about $4 per gallon and is headed lower, just in time for the holiday weekend.

With this in mind, let's take a look at several stocks poised to benefit from the warmer weather ahead.

Seven & I Holdings

Road trips mean pit stops, and is there a more-ubiquitous convenience store in the U.S. than 7-Eleven? 7-Eleven stores, loved by children and adults for their popular ice-cold Slurpee and Big Gulp beverage products, are located across the country along major highways and roads. There are over 39,000 global locations, surpassing McDonald's ( MCD) and Subway as the world's largest operator or franchisor of convenience/quick-service foods stores.

As it turns out, 7-Eleven is owned by a Japanese company, Seven & I Holdings' (SVNDY: Pink Sheets), which primarily trades in the home market but can also be acquired by investors in the U.S. markets on the Pink Sheets in American depository receipt form under the symbol SVNDY. Seven & I Holdings not only operates 7-Eleven globally but also owns one of the largest Japanese department store chains, Ito-Yokado, which is rapidly growing its operations in China.

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In the home market, shares of Seven & I Holdings trade in Japanese yen, and the ADRs trade in U.S. dollars. The ordinary shares earned 129.21 JPY for the fiscal year ended Feb. 21. Most recently, those ordinary shares closed at around 2,100 JPY. Net income for Seven & I rose nearly 150% in 2011 after dropping by nearly 50% in 2010. The P/E ratio on ordinary shares on a trailing basis is a reasonable 16. Each American Depository shares represents 2 ordinary shares.

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