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While Federal Reserve Chairman Jerome Powell reiterated recently that inflation is transitory, the International Monetary Fund (IMF) warned yesterday that inflation could be persistent. And while investors are worried about rising inflation, companies that are increasing the prices of their products are not expected to be significantly affected by an inflationary environment.
PepsiCo, Inc. (PEP), Whirlpool Corporation (NYSE:WHR), and Tempur Sealy International, Inc. (TPX) have been raising prices to offset increased costs. So, we think it could be wise to scoop up their shares to protect one’s portfolio from the impact of high inflation.
