R/I ~ AA
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Updated 11:01 AM ET, Wed November 24, 2021
New York (CNN Business)Nobody in their right mind likes to pay higher prices for stuff. But if you’re an investor, there is a way to profit from inflationary trends — and it might be time to start adjusting your portfolio accordingly.
Consumer staples giants like Coca-Cola (KO) and Pepsi (PEP) can benefit from rising prices — as long as they are able to pass on some of those costs to customers. And that’s what some companies are doing.
J.M. Smucker, which makes a wide range of products including Jif peanut butter and Folgers coffee, has been raising prices, for example. And that has not appeared to hurt demand, or the stock. Shares of Smucker (SJM) rose more than 5% Tuesday after the company reported earnings and sales that topped forecasts.
Smucker chief financial officer Tucker Marshall noted during a conference call that the company has been able to offset increased costs for coffee and transportation with higher prices.
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Carl Sagan
Article URL : https://www.cnn.com/2021/11/24/investing/inflation-stocks-sectors/index.html