These days, there's a lot of talk about inflation. The last time prices rose this much, the stock market was on the verge of a collapse. Even with five Federal Reserve presidents signaling that the loose monetary policy should end, Chairman Jay Powell continues to assume that rising prices are temporary. Maybe the best strategy is to buy stocks that can benefit if inflation does persist.
Paycom (NYSE: PAYC) , PayPal (NASDAQ: PYPL) , and Starbucks (NASDAQ: SBUX) can all weather the storm of rising prices. However, they'll do it in different ways. If current trends hold, we should get used to higher wages, interest rates, spending, and prices. That isn't all bad news for these companies. Here's why.
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3 Growth Stocks That Can Make You Richer If Inflation Stays Hot