Investing legend Warren Buffett has plenty of advice on what to own when inflation spikes.
Warren Buffett Inflation Stocks
1. American Express (AXP)
Last year, American Express demonstrated its pricing power by raising the annual fee on its Platinum Card from $550 to $695.
2. Coca-Cola (KO)
Coca-Cola is a classic example of a resistant business. A can of Coke is affordable to most people whether the economy is booming or struggling.
3. Apple (AAPL)
No one who spends $1,600 for a fully decked-out iPhone 13 Pro Max would call it a steal. However, consumers love splurging on Apple products.
4. Chevron (CVX)
One of Buffett’s big moves in 2022 is loading up on Chevron.