Safety Against Inflation: 3 Pullbacks With Upside Potential
The United States added 850,000 jobs in June, beating analysts’ consensus estimate for 703,000 new jobs. The unemployment rate rose slightly to 5.9%. This news arrives a day after the Institute for Supply Management released the latest manufacturing price index data, which showed the biggest price jump since 1979.
If supply chain issues persist, stocks in the Consumer Discretionary and Consumer Staples sectors could take a hit. With more inflation likely just around the corner, we could see a rise in defensive stocks again. I’ve identified three companies — a large supermarket company, a real estate investment trust and a pharmaceutical company — that have all experienced pullbacks and are now positioned to bounce back.
In today’s video, you’ll discover whether stocks are heading higher or lower… why bonds are range bound until the end of summer… whether momentum levels are declining or rising… how manufacturing is going to impact stocks… and three cheap stocks ripe for a breakout.
