XOM - 3 Dividend Stocks to Buy in an Inflation-Driven Bear Market
The U.S. Bureau of Labor Statistics recently reported that the consumer price index rose 1.2% on a monthly basis in March and a whopping 8.5% over the last 12 months. That year-over-year increase represented the highest level since 1981, and there's a risk that the continuation of the trend could push the stock market into a new bearish phase.
That's a worrying thought, but the good news is that it could also create conditions that allow some stocks to thrive. With that in mind, we asked a panel of Motley Fool contributors to spotlight top stock picks for an inflation-driven bear market. Read on to see why they identified Walmart (NYSE: WMT) The Kraft Heinz Company (NASDAQ: KHC) , and ExxonMobil (NYSE: XOM) as good ways to play current inflationary trends.
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3 Dividend Stocks to Buy in an Inflation-Driven Bear Market