February 16, 2024, 1:37 pm EST
Dollar General (DG) and Exxon Mobil (XOM)
While the stock markets may go through a pullback process after the extended rally, there are still stocks that are worthy of attention in this environment.
If the inflation is coming back again in the next few weeks or months as shown in the data (PPI and CPI), Dollar General (DG) and Exxon Mobil (XOM) are potential candidates to watch.
Technically, both DG and XOM seem ready to jump out of the consolidation base that was formed in the past few months.
Rising costs of energy and a frugal economy may boost their sales and earnings when inflation pressure rises again.
Investment rotation from the overheated mega tech stocks (GOOGL, MSFT, AAPL, AMZN, META, NVDA) to the less overvalued stocks like DG and XOM may be another benefit to watch or own them during this time.
