5 Best Stagflation Stocks to Buy Now

3. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 46

Teck Resources Limited (NYSE:TECK) was founded in 1913 and is headquartered in Vancouver, Canada. The company acquires, develops, and produces natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Commodities are safe investments amid economic slowdowns, which makes Teck Resources Limited (NYSE:TECK) one of the best stagflation stocks to buy now.

BMO Capital analyst Jackie Przybylowski on September 22 maintained an Outperform rating on Teck Resources Limited (NYSE:TECK) but lowered the price target on the shares to C$48 from C$50. 

According to Insider Monkey’s data, 46 hedge funds held stakes worth over $2 billion in Teck Resources Limited (NYSE:TECK) at the end of Q2 2022, compared to 56 funds in the earlier quarter worth $2.6 billion. Eric W. Mandelblatt’s Soroban Capital Partners is the leading stakeholder of the company, with 13.6 million shares valued at over $416 million.