With prices rising at a hot pace, inflation beneficiary stocks are beating the market — and Credit Suisse shared its favorite picks. The U.S. consumer price index grew 7.5% over the past year in January, the fastest pace since 1982. "Inflation will remain stubbornly high over the intermediate-term," Credit Suisse's Jonathan Golub said in a note last week. To play the trend, Credit Suisse in a report Monday highlighted the top inflation-sensitive stocks in the S & P 500. Shares of companies benefiting from inflation are outperforming their peers, Credit Suisse found. U.S. large-cap inflation beneficiary stocks are up 1.7% this year versus the S & P 500's 7.2% loss in 2022. In the past year, the inflation-sensitive large caps are 25.1% higher versus the S & P 500's 14.4% return. The inflation-sensitive stocks are also trading at a discount to the rest of the market, according to Credit Suisse's analysis. Credit Suisse listed top S & P 500 stocks gaining from rising inflation. Take a look at 10 names the firm highlighted. The firm's list primarily consists of energy, materials and financial stocks. Energy companies are benefiting from the rise in oil and natural gas prices. Devon Energy, Marathon Oil and Valero Energy are among the stocks Credit Suisse highlighted. Materials names also get a boost from inflation by way of higher commodities prices. Miner Freeport-McMoRan and steel producer Nucor made Credit Suisse's list. Financial names should also benefit from inflation, as the Federal Reserve prepares to hike interest rates to address rising prices. Rising interest rates benefit banks in several ways. For instance, banks can charge borrowers more for loans, boosting profitability. Citizens , Signature Bank and Regions are some of the financial names Credit Suisse likes. — CNBC's Michael Bloom contributed reporting.
File photo of a man putting gas into his Mustang at a Marathon gas station in Chicago.
With prices rising at a hot pace, inflation beneficiary stocks are beating the market — and Credit Suisse shared its favorite picks.