SEAT - Inflation is soaring - watch these stocks for positive pricing impact
Inflation is the topic of the day after the consumer price index rose 7.5% from a year ago on elevated prices across many different types of products and services. Big bursts of higher prices were seen in some of the categories listed below. Prices for the category that includes meat, poultry, fish and eggs broke 12.2% higher over the last year. Watch Tyson Foods (NYSE:TSN), Pilgrim's Pride (NASDAQ:PPC) and Hormel (NYSE:HRL) for margin relief in Q1. Prices in the furniture and bedding category saw a 17.0% jump. Watch Tempur Sealy International (NYSE:TPX), La-Z-Boy (NYSE:LZB), Sleep Number (NASDAQ:SNBR) and Ethan Allen Interiors (NYSE:ETD) to see if the higher prices will be sticky even after labor and input cost pressures recede. New auto vehicle prices jumped 12.2% from last year. Watch Ford (NYSE:F), General Motors (NYSE:GM), Tesla (NASDAQ:TSLA) and Toyota (NYSE:TM) to see if the favorable pricing backdrop will sustain. Lodging away
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Inflation is soaring - watch these stocks for positive pricing impact