Inflation in the United States has reached a three-decade high. Prices of consumer goods and services have risen by 6.2 percent year over year. The jump has been fueled by factors such as energy production bottlenecks, supply chain interruptions, and a post-pandemic boost in demand. The Federal Reserve has frequently ignored calls to hike interest rates, citing “transitory” inflation fears, but political pressures may soon force the government to act. Apple Inc., Adobe Inc., and MercadoLibre, Inc. are among the best inflation-proof companies to buy right now.
Here is Insider Monkey’s list of the 10 best inflation-proof stocks. The volume of real estate investment trust mergers and acquisitions is expected to reach $108 billion in 2021. So far this year, the real estate market has outperformed the S&P 500. Many real estate companies have strong earnings and growth, including Federal Realty Investment Trust. The Trade Desk, Inc. is a cloud-based digital advertising platform provider. The amount of money spent on digital advertising has increased dramatically in the last year. Bloomberg Media’s CEO claimed it was unlike anything he’d seen before in his career. EPAM Systems, Inc. is a company that specializes in digital platform engineering and software development. Emakina, a digital agency, was recently bought by the company. EPAM exceeded market earnings predictions in early November and upped the full-year outlook. Aptiv PLC manufactures and distributes automotive parts. Despite a production halt owing to chip shortages, the company recently outperformed market forecasts on results. The company has a growing portfolio of electric vehicle-related products and is likely to use its pricing power. Stanley Black & Decker, Inc. is an industrial conglomerate. It has a long history of paying out dividends and has shown consistent earnings growth. Excel Industries and MTD Holdings were recently purchased for $375 million and $1.6 billion, respectively. For more details, click 10 Best Inflation-Proof Stocks.
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