Investing in 60's | Two investing ideas

Views 410Apr 30, 2024

Here are two investment ideas if you are looking for sectors and companies that are benefiting from prices rising, despite slower economic growth.

1. Utililites

Electricity and gas prices are rising as oil and gas prices are up about 20% this year. Utility companies are benefiting from higher prices. And these trends might not slow down for some time. Australian electricity and gas giant, AGL $AGL Energy Ltd AGL Energy Ltd(AGL.AU)$, has already seen its shares jump 40% this year.

2. Staples.

Inghams $Inghams Group Ltd(Inghams Group Ltd(ING.AU)$ shares are up 30% this quarter. The chicken business is seeing increasing demand for affordable meat. It's also experiencing greater profits, as its business costs are down, thanks to a 30% drop in the wheat price (this year). And that's a big deal as Wheat accounts for 70% of the cost of raising a chicken.

Original post reference: https://www.moomoo.com/community/feed/111066888273926

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