7 Stocks That Are Good Inflation Investments

From the latest U.S. News Invested and in compliance with our continuing discussions on inflation, here is their list of the best bets for stocks that represent good hedges against inflation.  Hope enjoyed this beautiful weekend.   

VIEW IN BROWSER AUGUST 26, 2022 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks rise as investors await a big speech from Federal Reserve Chairman Jerome Powell on Friday morning. Highlights of today's newsletter include our market insights plus these new articles: 7 Stocks That Are Good Inflation Investments How to Invest in Art TODAY'S FEATURED STOCK STORY 7 Stocks That Are Good Inflation Investments The stock market jumped when the U.S. Labor Department reported the consumer price index grew 8.5% year over year in July, down from a 9.1% advance in June. Inflation may have finally peaked, but the Federal Reserve is likely to continue to raise interest rates until inflation is back near its long-term target of 2%. Bank of America recently compiled a pro-inflation stock screen to identify stocks that have historically demonstrated a strong positive correlation with inflation. While other companies battle rising costs, inflation may actually help these stocks outperform. Here are seven inflation investments for investors looking to protect their portfolios: Mosaic Co. (ticker: MOS). Mosaic produces concentrated phosphate and potash crop nutrients for the agricultural industry. Analyst Steve Byrne says Mosaic's second-quarter earnings numbers were in line with his expectations. Fertilizer prices hit record highs in 2022 following Russia's invasion of Ukraine, but Byrne projects phosphate and potash prices will pull back in the second half of 2022. Mosaic management recently said it plans to return 100% of its free cash flow to shareholders. Byrne expects $2 billion in buybacks and says there is potential for a special dividend as well. Bank of America has a "buy" rating and $88 price target for MOS stock, which closed at $60.69 on Aug. 24. APA Corp. (APA). Formerly known as Apache, APA is a major U.S. oil and gas exploration and production company. Analyst Doug Leggate says APA returned 43% of its free cash flow to shareholders in the first half of 2022 and is positioned to accelerate its share buybacks in the second half of the year. Leggate says APA's second quarter was "messy" and its guidance was "light," but the value of APA's cash flow makes the stock one of the most undervalued U.S. exploration and production stocks in the market. Bank of America has a "buy" rating and $62 price target for APA stock, which closed at $40.31 on Aug. 24. Click here to continue reading. 7 stocks that are good inflation investments: Mosaic Co. (MOS) APA Corp. (APA) Applied Materials Inc. (AMAT) Halliburton Co. (HAL) Advanced Micro Devices Inc. (AMD) SVB Financial Group (SIVB) Tapestry Inc. (TPR)