{"id":123370,"date":"2021-11-24T18:08:19","date_gmt":"2021-11-24T18:08:19","guid":{"rendered":"https:\/\/fin2me.com\/?p=123370"},"modified":"2021-11-24T18:08:19","modified_gmt":"2021-11-24T18:08:19","slug":"us-economy-roaring-back-after-pandemic-slump","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/us-economy-roaring-back-after-pandemic-slump\/","title":{"rendered":"US economy roaring back after pandemic slump"},"content":{"rendered":"
New York (CNN Business)<\/cite>Nobody in their right mind likes to pay higher prices for stuff. But if you’re an investor, there is a way to profit from inflationary trends \u2014 and it might be time to start adjusting your portfolio accordingly. <\/p>\n Consumer staples giants like Coca-Cola<\/span> (KO<\/span>)<\/span> and Pepsi<\/span> (PEP<\/span>)<\/span> can benefit from rising prices \u2014 as long as they are able to pass on some of those costs to customers. And that’s what some companies are doing. Smucker chief financial officer Tucker Marshall noted during a conference call that the company has been able to offset increased costs for coffee and transportation with higher prices.<\/p>\n Even some retailers are finding they can raise prices to offset higher costs and not alienate customers in the process.<\/p>\n
\nJ.M. Smucker, which makes a wide range of products including Jif peanut butter and Folgers coffee, has been raising prices, for example. And that has not appeared to hurt demand, or the stock. Shares of Smucker<\/span> (SJM<\/span>)<\/span> rose more than 5% Tuesday after the company reported earnings and sales that topped forecasts.<\/p>\n<\/ul>\n
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