Beat Inflation with 3M, Procter & Gamble and McDonald!
According to the Motley Team, you can consider adding these 3 inflation-resistant stocks to your portfolio.
3M CO (MMM) - MMM generated $35.4 billion of sales in 2021 and has a diversified business that deals with everything from adhesives and ceramics to wound care products and stationery. The diversification ensures that it is adequately insulated from economic upheavals while also allowing it to enjoy the upside from the different industries where it has a presence. It closed at USD149.340 yesterday.
PROCTER & GAMBLE (PG) – PG has been in business for more than 180 years and boasts a broad portfolio of consumer goods in 10 categories, selling to more than 180 countries. With well-known brands such as Pantene, Olay, Oral-B, and Pampers, PG has superior pricing power that can help it to stay ahead of inflation. It closed at USD148.010 yesterday.
MCDONALDS CORP (MCD) - As one of the most widespread fast-food chains, MCD is a powerhouse with 38,000 locations worldwide. The company stood firm in 2021 even as the pandemic swept across the world, reporting a 21% year-over-year jump in total revenue to $23.2 billion and a 59% surge in net income to $7.5 billion. It closed at USD252.320 yesterday.
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