Energy is a good hedge for inflation says David Dietze, Managing Director, Peapack Wealth Management. David likes Exxon Mobil (XOM) saying it has pulled back and it has a 4.4% dividend. He likes insurance companies such as Met Life (MET) with a 2.7% dividend. Lastly he likes Boeing (BA), saying they will have plenty of business because people want to fly, and he points out increased global defense spending.
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