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Amid an inflationary environment, we think it could be wise to bet on quality commodity stocks as a hedging strategy. Furthermore, the $1 trillion infrastructure bill passed by the Senate on August 10, if passed into law, is expected to act as a catalyst for increased demand for several commodities.
Given this backdrop, it could be wise to bet on the shares of established commodities companies Rio Tinto Group (RIO), Glencore plc (GLNCY), Fortescue Metals Group Limited (OTC:FSUGY), and Vedanta Limited (VEDL). These stocks are currently trading below their recently hit price highs and are well-positioned to benefit from the increasing demand for commodities.
