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Highlights
- The world economy is on edge amid concerns that growing inflationary pressure and risk aversion may trigger stagflation shocks.
- Some analysts fear that rising prices for fuel, food and metals can push inflation-struck economies towards stagnant or low-growth positions amid uncertain market conditions helped by the Russia-Ukraine crisis.
- In an effort to protect one’s portfolio from stagflation risks, investors can explore blue-chip companies as these generally have robust financials and resources to tackle economic challenges.
The world economy is on edge amid concerns that growing inflationary pressure and risk aversion may trigger stagflation shocks. Some analysts fear that rising prices for fuel, food and metals can push inflation-struck economies towards stagnant or low-growth positions amid uncertain market conditions helped by the Russia-Ukraine crisis.
In an effort to protect one’s portfolio from stagflation risks, investors can explore blue-chip companies as these generally have robust financials and resources to tackle economic challenges.
So, let us look at two blue-chip stocks that can help amid stagflation.
Rogers Communications Inc (TSX: RCI.B)
Rogers Communications, on Thursday, March 24, received a conditional approval from the Canadian Radio-television and Telecommunications Commission (CRTC) regarding transfer of Shaw Communications (TSX:SJR.B)’ broadcast undertaking distribution licenses. The transaction between the two companies is expected to close in Q2 2022.
On March 16, it announced a five-year strategic alliance with Microsoft Azure to stimulate digitization and leverage hybrid work and 5G solutions.
The telecom scrip climbed by 12 per cent in three months to close at C$ 66.88 on Thursday.
Also read: Why did Mogo (TSX:MOGO) stock zoom 18% in a day?
National Bank of Canada (TSX: NA)
National Bank of Canada posted a net profit of C$ 932 million in Q1 FY2022, marling a year-over-year (YoY) jump of 22 per cent.
NA stock swelled by over 13 per cent in the last 12 months and closed at C$ 98.28 apiece on Thursday.
Bottomline
Rogers Communication and the National Bank of Canada belong to two different sectors, thereby they can help widen the exposure one’s portfolio while also diversifying risk. Such blue-chip stocks are also generally known for their steady dividend payouts.
Also read: BMO, BNS, and CM: 3 TSX banks stocks to tackle market volatility
