7 inflation trade stocks to watch while Paul Tudor Jones rings the bell
Inflation fears are one of the main driving forces in the stock market right now. Consumers, politicians and analysts are all torn apart over the scale of inflation and how much of its impact will be felt. While some are chase away those fears, many others prepare for things to get worse before they get better. The latter camp prepares its portfolios with stocks linked to inflation.
The Federal Reserve is see you this wednesday for its June meeting, and it looks like investors are closely watching what the bank has to say about inflation. The Fed is not expected to take any particular action at this meeting to curb inflation. But, he is likely to adjust his forecasts for interest rates and inflation. This will give investors a better idea of ââthe central bank’s mindset regarding the price spike.
One such investor is hedge fund manager Paul Tudor Jones keeping watch on the Fed. The billionaire believes that if the central bank is to come out and act like all is well, investors should invest heavily in inflationary trade stocks.
“If they say, ‘We’re on the right track, things are going well,’ then I would just all-in on the inflation trades,” Jones said Monday morning.
7 inflation trade stocks for the Fed to watch
So what inflation-related stocks should investors turn to given Jones’ green light? Well, Investor place contributor Alex Sirois has you covered. Sirois rounded off the inflationary trade stocks that appear to be the strongest in the face of rising consumer prices. Generally speaking, commodities and gold are extremely popular games.
Ahead of what will be one of the most revealing weeks for the economy and its inflation problem, here are Sirois’ picks for the best inflation-related trade actions:
- Barrel Gold (NYSE:GOLD)
- Newmont mining (NYSE:NEM)
- Western Fraser Wood (NYSE:WFG)
- Facebook (NASDAQ:FB)
- Ali Baba (NYSE:BABA)
- Pilgrim’s pride (NASDAQ:CPC)
- Hess (NYSE:IT IS)
At the date of publication, Brenden Rearick did not hold (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the publication guidelines of InvestorPlace.com.