Inflation-Resistant Stocks Emerge Amid Oil Price Spike
The recent spike in oil prices has put inflation back in the spotlight, and investors are looking for companies that can thrive in this environment.
Three stocks from the US Inflation Beneficiaries screener have caught attention: Supply Network (ASX:SNL), Wickes Group (LSE:WIX), and GrainCorp (ASX:GNC).
Supply Network supplies aftermarket truck and bus parts in Australia and New Zealand, with a market cap of A$1.39b.
The company has experienced 24.2% earnings growth over the past five years, but its share price is currently below one estimate of fair value, raising questions about how much optimism is already priced in.
Wickes Group, a UK-focused home improvement retailer, generates £1.6b in revenue from retailing home improvement products and services.
The company's value-focused model can appeal to households and tradespeople looking to stretch budgets during times of high inflation.
GrainCorp is an agribusiness that stores, trades, and processes grains and oilseeds, with a market cap of A$1.2b.