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2021-06-15

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3 Commodity Stocks To Consider For Inflation

As inflation heats up, the stocks of some commodity-based companies can move higher. These companies

3 Commodity Stocks To Consider For Inflation

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These companies","content":"<p>As inflation heats up, the stocks of some commodity-based companies can move higher. These companies hold a large part of their assets in commodities, so as their prices move higher, the companies become more valuable.</p>\n<p>They include&nbsp;<b>Exxon Mobil Corporation</b>(NYSE:XOM),<b>Southern Copper Corporation</b>(NYSE:SCCO), and&nbsp;<b>Newmont Corporation</b>(NYSE:NEM).</p>\n<p>Exxon benefits from higher oil prices. The stock has hit resistance at the $63.50 level and it could be on the verge of a breakout.</p>\n<p><img src=\"https://static.tigerbbs.com/db45eed41059ff0878aac7b6b4e2fee7\" tg-width=\"1618\" tg-height=\"823\"></p>\n<p>Southern Copper benefits from higher copper prices. Shares have dropped to support around the $67 level and there’s a chance they rebound.</p>\n<p><img src=\"https://static.tigerbbs.com/543514dbd50dbb41ce5748225d9e606d\" tg-width=\"1615\" tg-height=\"814\"></p>\n<p>Newmont is a gold miner. 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These companies hold a large part of their assets in commodities, so as their prices move higher, the companies become more valuable.</p>\n<p>They include&nbsp;<b>Exxon Mobil Corporation</b>(NYSE:XOM),<b>Southern Copper Corporation</b>(NYSE:SCCO), and&nbsp;<b>Newmont Corporation</b>(NYSE:NEM).</p>\n<p>Exxon benefits from higher oil prices. The stock has hit resistance at the $63.50 level and it could be on the verge of a breakout.</p>\n<p><img src=\"https://static.tigerbbs.com/db45eed41059ff0878aac7b6b4e2fee7\" tg-width=\"1618\" tg-height=\"823\"></p>\n<p>Southern Copper benefits from higher copper prices. Shares have dropped to support around the $67 level and there’s a chance they rebound.</p>\n<p><img src=\"https://static.tigerbbs.com/543514dbd50dbb41ce5748225d9e606d\" tg-width=\"1615\" tg-height=\"814\"></p>\n<p>Newmont is a gold miner. As the price of gold increases, so does its value. The shares are close to the $68.50 level and there’s a chance they find support and rally.</p>\n<p><img src=\"https://static.tigerbbs.com/f699df6d7097a731136d18e4e57324e2\" tg-width=\"1619\" tg-height=\"817\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646539","content_text":"As inflation heats up, the stocks of some commodity-based companies can move higher. These companies hold a large part of their assets in commodities, so as their prices move higher, the companies become more valuable.\nThey include Exxon Mobil Corporation(NYSE:XOM),Southern Copper Corporation(NYSE:SCCO), and Newmont Corporation(NYSE:NEM).\nExxon benefits from higher oil prices. The stock has hit resistance at the $63.50 level and it could be on the verge of a breakout.\n\nSouthern Copper benefits from higher copper prices. Shares have dropped to support around the $67 level and there’s a chance they rebound.\n\nNewmont is a gold miner. As the price of gold increases, so does its value. The shares are close to the $68.50 level and there’s a chance they find support and rally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}