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3 Inflation-Resistant Stocks to Buy for November -Breaking

by Mike Robinson

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© Reuters. Here are 3 stocks that will resist inflation for November

Inflation is a concern as the world economy recovers from the COVID-19 epidemic. Inflation has been a problem due to both increased consumer demand and tight supply chains. Inflation could continue for another year, investors might consider investing in inflation-resistant stocks like EOG Resources, Inc. (NYSE -), Olin Corporation, and Coca-Cola Company. Inflation is lurking underneath all these successes. Inflation has resulted from the reopening and a combination of labor shortages, pent-up consumer demands, and government stimulus. The result was higher product prices, and more inflation.

In September, the Consumer Price Index (CPI), which tracks the change in goods prices over time, rose by more than 5 percent. Jerome Powell, Fed Chair, stated in recent remarks that the global supply chains crisis could continue into 2022. Additionally, inflation can not only impact corporate margins but it also affects investor returns.

There are some businesses that can make more profit when the prices go up. That’s why investors should consider companies with higher pricing power. They can increase prices quicker and then pass on the cost to consumers. You can find these stocks in a variety of industries, including energy and chemicals. Three stocks that are worth a glance include EOG Resources Inc. (EOG), Olin Corporation, (OLN), or Coca-Cola Company.

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