3 Inflation-Resistant Businesses That Recently Raised Guidance
Not all businesses do well in inflation. But there are some companies with essential products and services that remain in demand and that know they can afford to increase prices without losing too many customers. Three businesses are doing so well that management for each felt comfortable enough to recently raise guidance for the year. They are Adobe (NASDAQ: ADBE), Tapestry (NYSE: TPR), and Cardinal Health (NYSE: CAH).
Here's why you should consider buying these three stocks today.
Software company Adobe released its latest earnings numbers earlier this month, which came in better than expected. The company, known for its popular photo-editing program, Adobe Photoshop, reported revenue of $4.66 billion for the period ending March 3, which came in slightly better than analyst expectations of $4.62 billion. Its adjusted earnings per share totaled $3.80 was also higher than projections of $3.68.
Source Fool.com
