3 Underrated Inflation-Proof Stocks: American Water Works, Kroger, W.P. Carey
Wednesday, 4 September 2024, 10:57
American Water Works: Stability in Utilities
American Water Works (NYSE: AWK) is positioned as a suitable inflation-proof investment, given its necessity-based service model in water utilities.
Solid Growth with High Demand
- Consistent demand for essential services
- Ability to pass costs to consumers
- Q2 2024 revenue grew 4.7% YoY
Kroger: The Grocery Giant
Kroger (NYSE: KR) demonstrates strong pricing power, making it a valuable stock amid inflation.
Protection Against Inflation
- Elastic demand allows Kroger to maintain margins
- Investments in technology enhance supply chain
- Trading at $53 with a gain of 16% in 2024
W.P. Carey: Diversifying Investments
W.P. Carey (NYSE: WPC) stands out for its diversified portfolio, providing a hedge against inflation.
Lower Risk Investment
- Real estate investment trust (REIT) with various property types
- Revenue of $389.7 million, down 13.9% YoY
- Stock has gained nearly 8% over the past month
As inflation remains a concern, American Water Works, Kroger, and W.P. Carey present solid investment opportunities for investors seeking security.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.