5 CPI Stocks to Watch as Inflation Data Looms

TLDR

• Tesla, Palantir, Coinbase, Strategy, and Robinhood are among the main CPI stocks to watch ahead of July inflation data.
• Economists expect headline CPI to rise 0.1% monthly and 3.4% annually, with core CPI forecast at 0.2% and 2.5%.
• Tesla could benefit from cooler inflation through lower yields and cheaper vehicle financing costs.
• Palantir remains sensitive to interest rates because of its premium valuation despite strong revenue growth.
• Coinbase and Strategy could move with Bitcoin if the CPI report changes expectations for Federal Reserve policy.

Tesla, Palantir, Coinbase, Strategy, and Robinhood are among the CPI stocks to watch on Wednesday as investors prepare for July inflation data. Economists expect headline CPI to rise 0.1% from June and 3.4% from a year earlier. They expect core inflation to increase by 0.2% per month and 2.5% annually.

BTIG strategist Jonathan Krinsky warned that hotter inflation may hurt equities more than Treasuries because stocks have priced in less inflation risk.

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