3 Tech Stocks That Can Slay Higher Inflation
The U.S. Bureau of Labor Statistics recently updated the inflation rate for November 2021, saying that average prices rose 6.8% over the last 12 months -- the highest since 1982, if you're keeping score. Granted, the economy is in a very different place than it was nearly 40 years ago, but some investors worry that ongoing inflation could kill returns for stocks.
But not all stocks are created equal. Three Fool.com contributors think Applied Materials (NASDAQ: AMAT), IBM (NYSE: IBM), and Micron Technology (NASDAQ: MU) can easily outpace inflation, and are worth a look right now.
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Source Fool.com
