The best inflationary stocks to buy now? 4 To know

Do you have these most inflationary stocks on your watch list today?

Inflation appears to be weighing on the stock market today, even in the midst of its recent rally. Due to October’s Consumer Price Index (CPI) reading, investors are looking again for the best inflationary stocks about. For starters, the US Department of Labor revealed earlier today that consumer prices jumped 6.2% year-on-year in October. For comparison, economists expected an increase of 5.9%. Historically, this is the fastest annual rise in consumer inflation since 1990. With signs of a return to the hot economy, supply chain bottlenecks and reduction initiatives. Current Federal Reserve, investors may look to go on the defensive. Namely, this is where inflationary stocks come in.

Now, before I get into the specifics, what are some inflationary actions you might ask? Well, in layman’s terms, this stock group consists of companies whose companies see stable demand even with inflation. For example, consumers are likely to continue to depend on basic consumer products such as Walmart (NYSE: WMT). Additionally, some would also consider industry leaders with strong pricing power and quarterly dividend payouts as inflation-resistant names. Other than that gold stocks such as Barrel gold (NYSE: GOLD) is gaining ground among less adventurous investors when inflation rises. Overall, inflationary stocks, among other defensive games, appear to be on the rise in the stock market now. Having said that, could these companies be sure to be right now?

Best inflationary stocks to buy [Or Sell] This week

Newmont Company

Newmont is one of the largest gold mining companies in the world. It is also a major producer of copper, silver, zinc and lead. With its world-class portfolio of assets and talent, the company is the only gold producer listed in the S&P 500 Index. Newmont also has favorable mining jurisdictions in North America, South America, Australia and in Africa.

Today, the company announced a new strategic alliance with caterpillar (NYSE: CAT), producer of the world’s most comprehensive suite of mining equipment and technologies. Caterpillar will help deliver a fully connected, automated, carbon-free end-to-end mining system. Newmont has been responsible for lasting progress since its inception and with these latest news the company is taking it one step further.

Under the deal, Newmont will provide a preliminary investment of $ 100 million as the companies establish initial automation and electrification targets for surface and underground mining infrastructure and transportation fleets at mine sites. by Newmont. All in all, will you be adding NEM to your portfolio?

Source: TD Ameritrade CGU

[Read More] The best stocks for inflation in 2021? 4 real estate stocks to watch

Marathon Digital Holdings Inc.

Following this we have Marathon Digital Holdings, a digital asset technology company that operates cryptocurrencies with a focus on the blockchain ecosystem and digital asset generation. Impressively, it is building one of the largest bitcoin mining operations in North America, deploying more powerful miners to increase its hash rate. If anything, some would say cryptocurrency stocks could be a good hedge against inflation. MARA stock is currently trading at $ 73.90 at 10:58 a.m. ET and has risen over 3,000% in the past year alone.

Today, the company released its third quarter financial results. Plunging, total revenue rose to $ 51.7 million from $ 835,000 a year earlier. The company produced 1,252 self-issued bitcoins in the third quarter of 2021, an increase of 91% from the previous quarter.

Its investment fund, which bought 4,812.66 BTC for around $ 150 million in January 2021, increased its fair value by $ 58.8 million in the first nine months of 2021. It also completed the quarter with $ 32.9 million in cash and cash equivalents, while total liquidity was approximately $ 315.6 million. Given the impressive quarter, should investors view MARA stock as a buy now?

MARA stock chartSource: TD Ameritrade CGU

[Read More] Rivian’s IPO (RIVN Stock): Here’s What Investors Need to Know

Altria Group Inc.

Altria Group is one of the world’s largest producers and distributors of tobacco, cigarettes and related products. Additionally, it is a Fortune 200 company and has a premier tobacco product portfolio for US tobacco consumers. Interestingly, the company’s vision by 2030 is to responsibly lead the transition of adult smokers to a smoke-free future. In addition, its current smokeless products include electronic and wet vapor smokeless tobacco, as well as oral nicotine sachets. It does this by shifting millions of people to potentially less harmful choices.

At the end of October, the company released its financial results for the third quarter. Net sales for the quarter were $ 6.78 billion. “Altria continued to balance maximizing the profitability of our core tobacco business with investments to realize our vision of responsibly leading the transition of adult smokers to a smoke-free future,”Said Billy Gifford, Managing Director of Altria. “Our tobacco business has performed well against some tough year-over-year comparisons and we are encouraged by the significant growth in retail share from here on out! in the third trimester. We also continued to reward shareholders with a strong and growing dividend and today announced the extension of our existing stock buyback program from $ 2.0 billion to $ 3.5 billion.“That being said, should you be on the lookout for MO stocks?

MO stock chartSource: TD Ameritrade CGU

[Read More] 5 metaverse actions to watch in November 2021

Apple Inc.

Last but not least, we will examine Apple. Safe to say, the company is one of, if not the biggest, names in the mainstream tech space right now. Even with premium pricing on its devices, Apple continues to thrive amid the current pandemic. Not to mention that the company also offers a wide range of services and subscriptions that work well with said devices. All of these components make up Apple’s holistic technology ecosystem. On top of all this, the company currently has a quarterly dividend of 22 cents per share.

As it stands, AAPL stock is trading at $ 148.88 at 12:47 p.m. ET. Even so, the company does not appear to be sitting idly by just yet. Notably, by netflix (NASDAQ: NFLX) New gaming services debut on Apple’s iOS device today. This would encompass mobile games based on the streaming giant’s hit series. Strange things among other titles. This could indicate that Apple is more willing to work with third-party developers to strengthen its software offerings despite its recent policy changes on the App Store. In light of all this, would AAPL stock be worth investing for you right now?

aapl stock chartSource: TD Ameritrade CGU

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link

About Warren Dockery

Check Also

Shares with a dividend of less than $ 20 for passive investors

Image source: Getty Images The S & P / TSX Composite Index is still in …

Leave a Reply

Your email address will not be published. Required fields are marked *