3 Supercharged Stocks That Could Help You Crush Inflation
Inflation has reared its ugly head, forcing people to pay more for groceries, rent, and fuel. According to the Bureau of Labor Statistics, the consumer price index, which measures prices on a basket of goods, rose 8.6% year over year in May. With prices rising so quickly, investors can look to companies that are less exposed to higher costs to protect their portfolios from inflation.
AMC Entertainment Group (NYSE: AMC), Netflix (NASDAQ: NFLX), and DraftKings (NASDAQ: DKNG) fit that description. Of course, they are not entirely immune to rising costs, but in aggregate, they are less harmed by inflation than others. Let's look at how each could help you crush inflation.
US Consumer Price Index YoY data by YCharts
Source Fool.com
