Three Stocks to Own Amid Sticky Inflation

The July PCE price index rose 3.7% year-over-year, matching June but exceeding economists' 3.6% forecast.

This is a mixed bag for Wall Street as it suggests that inflation remains sticky, which could keep the Federal Reserve cautious on interest rates.

However, other data in the report shows that personal income climbed 0.4% in July and disposable income rose 0.5%, indicating that the economy can absorb higher prices.

Experts point to three stocks that are well-positioned for this environment: JPMorgan, Dollar General, and ExxonMobil.