5 Stocks to Profit from Inflation

In this article, we will look at 5 stocks to profit from inflation. If you want to explore similar stocks, you can read 10 Stocks to Profit from Inflation.

5. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 61

On June 9, Atlantic Equities analyst Daniela Nedialkova reiterated her $615 price target and Overweight rating on Costco Wholesale Corporation (NASDAQ:COST). As of June 23, Costco Wholesale Corporation (NASDAQ:COST) has gained 21.15% over the past twelve months. Costco Wholesale Corporation (NASDAQ:COST) is one of the beneficiaries of inflation as the big-box retailer can pass on rising costs to consumers, while consumer spending on staples is expected to remain more or less the same.

At the close of Q1 2022, 61 hedge funds were long Costco Wholesale Corporation (NASDAQ:COST) with stakes worth $5.41 billion. This is compared to 57 hedge funds in the previous quarter with stakes of $5.40 billion. The hedge fund sentiment for the stock is positive.

As of Q1 2022, Fisher Asset Management is the most bullish hedge fund investor in Costco Wholesale Corporation (NASDAQ:COST), having stakes worth $2.43 billion.

Here is what ClearBridge Investments had to say about Costco Wholesale Corporation (NASDAQ:COST) in its fourth-quarter 2021 investor letter:

“Portfolio gains were led by a diverse group of contributors. Also in consumer discretionary, Costco, which operates a chain of membership-only big-box retail stores, continues to impress as it takes to share and becomes more relevant for the consumer even as the world opens up.”