3 Inflation-Resistant Stocks to Buy Right Now
High inflation rates are making it difficult to come up with a good investing strategy right now. On one hand, stocks are usually considered a great way to hedge against inflation. At the same time, runaway inflation could cause the Fed to raise rates, which would probably result in market volatility or an outright correction. Even worse, inflation won't impact every stock the same way -- some will experience higher costs that they won't be able to pass on to their customers with higher pricing.
The three stocks below don't just offer some resistance to inflation, they also should actually benefit as prices rise across the economy.
Intrepid Potash (NYSE: IPI) is a major producer of potassium salts and related raw materials that are essential inputs in agricultural fertilizers. The company also sells by-products that are used in a variety of agricultural and energy-extraction activities.
Source Fool.com