These stocks are either immune to inflation or stand to benefit, the Mad Money host says
Inflation and commodity booms often go hand in hand, with energy typically leading the charge.
Cramer also likes domestic producers that seem to be returning more and more capital to shareholders in the form of dividends — naming Devon Energy and Pioneer Natural Resources as just a couple.Banks tend to do well under rising interest rates. And facing growing inflation, the Fed is expected to raise rates as soon as next year.Article content
After a 70 per cent rally year-to-date, Wells Fargo shares now trade at about the same level as they did in January 2020. The other three stocks, however, are trading well above their pre-pandemic levels. “So they need to hire Salesforce.com, Adobe, Workday, Amazon Web Services, Azure from Microsoft or ServiceNow… or Snowflake,” he says.
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