5 Best Inflation Stocks to Buy According to Hedge Funds

In this article, we discuss 5 best inflation stocks to buy according to hedge funds. If you want to read about some more inflation stocks, go directly to 10 Best Inflation Stocks to Buy According to Hedge Funds.

5. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 69      

Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments worldwide. It is one of the best inflation stocks to invest in. Oracle Corporation (NYSE:ORCL) recently revealed that it was working closely with Teléfonos de México on a new project. The project involves the expansion of Oracle Cloud Infrastructure service to the customers across Mexico. Customers will be able to use OCI services to advance their applications and also in the closing of data centers. 

On September 14, Berenberg analyst Nay Soe Naing kept a Hold rating on Oracle Corporation (NYSE:ORCL) stock with a $72 price target, saying that the mid-term opportunities and risks seemed balanced for the firm. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm First Eagle Investment Management is a leading shareholder in Oracle Corporation (NYSE:ORCL), with 25.9 million shares worth more than $1.8 billion.  

In its Q2 2022 investor letter, First Eagle Investment Management, an asset management firm, highlighted a few stocks and Oracle Corporation (NYSE:ORCL) was one of them. Here is what the fund said:

“Oracle Corporation (NYSE:ORCL) is one of the world’s largest independent enterprise software companies and has been reinventing itself for the cloud-computing environment, a transition pursued primarily through investments in organic research and design and smallish, well-priced acquisitions. That said, Oracle in June closed its largest-ever deal with the acquisition of Cerner, a designer of software to store and analyze medical records and other healthcare data.

Oracle took on additional debt to finance this all-cash acquisition and as a result plans to moderate its stock-buyback program to focus on debt reduction. Despite the weak quarter for the stock, Oracle’s operations remain strong; it reported better- than-expected results for its most recent quarter and issued upbeat guidance for the coming fiscal year.”