--- title: "\"Certain Industries are Beating Inflation-Like a Drum.\" Interview with Tom Samuelson in The Street" description: Although inflation has dominated news cycles and caused economic metrics like consumer and small business confidence to wane, many industries are thriving. image: https://blog.vineyardglobaladvisors.com/hubfs/ft-img-beating-the-inflationary-drum.jpg --- [![Vineyard Global Advisors](https://blog.vineyardglobaladvisors.com/hs-fs/hubfs/Vineyard_GlobalAdvisors_logo_transparent.png?width=250&height=87&name=Vineyard_GlobalAdvisors_logo_transparent.png "Vineyard Global Advisors")](https://www.vineyardglobaladvisors.com/) - [Home](https://www.vineyardglobaladvisors.com) - [Our Firm](https://www.vineyardglobaladvisors.com/our-firm) - [Philosophy](https://www.vineyardglobaladvisors.com/our-philosophy) - Strategies - [Strategy Overview](https://www.vineyardglobaladvisors.com/strategies) - Equity Alpha - [Quantitative Value](https://www.vineyardglobaladvisors.com/quantitative-value) - [Quantitative Growth](https://www.vineyardglobaladvisors.com/quantitative-growth) - [Sector Rotation](https://www.vineyardglobaladvisors.com/sector-rotation) - [Style Flex](https://www.vineyardglobaladvisors.com/style-flex) - [Optimized Equity Alpha](https://www.vineyardglobaladvisors.com/optimized-equity-alpha) - [Enhanced S&P 500](https://www.vineyardglobaladvisors.com/enhanced-500) - Income - [Russell 3000 Enhanced Dividend](https://www.vineyardglobaladvisors.com/russell-3000) - [Dynamic Yield](https://www.vineyardglobaladvisors.com/dynamic-yield) - [Risk Managed Income](https://www.vineyardglobaladvisors.com/risk-managed-income) - [Global Fixed Income](https://www.vineyardglobaladvisors.com/global-fixed-income) - Asset Allocation - [Advantage Plus Series](https://www.vineyardglobaladvisors.com/advantage-plus-series) - [Allocation Plus Series](https://www.vineyardglobaladvisors.com/allocation-plus-series) - [ETF Advantage Series](https://www.vineyardglobaladvisors.com/etf-advantage-series) - Insights - [Market Commentary](https://blog.vineyardglobaladvisors.com/commentary) - [Quarterly Webinars](https://blog.vineyardglobaladvisors.com/commentary/tag/webinars) - [In The News](https://blog.vineyardglobaladvisors.com/blog/tag/in-the-news) - [Blog](https://blog.vineyardglobaladvisors.com/blog) - [For Advisors](https://www.vineyardglobaladvisors.com/wealth-advisors) - Contact - [Contact Us](https://www.vineyardglobaladvisors.com/contact-us) - [Request for Proposal](https://www.vineyardglobaladvisors.com/request-for-proposal) ![VGA_Hero](https://blog.vineyardglobaladvisors.com/hubfs/VGA_Hero.jpg) [In The News](https://blog.vineyardglobaladvisors.com/blog/tag/in-the-news) | 1 min read # "Certain Industries are Beating Inflation-Like a Drum." Interview with Tom Samuelson in The Street Written by [VGA Investment Team](https://blog.vineyardglobaladvisors.com/blog/author/vga-investment-team) Oct 11, 2022 10:24:57 AM ## ![Tom-1-1](https://blog.vineyardglobaladvisors.com/hs-fs/hubfs/Tom-1-1.jpg?width=255&name=Tom-1-1.jpg)"Certain Industries are Beating Inflation-Like a Drum." Interview with Vineyard Global Advisors Chief Investment Officer Tom Samuelson, CFA, CMT  Vineyard Global Advisors CIO Tom Samuelson, CFA, CMT, joined author [Brian O'Connell of The Street](https://www.thestreet.com/personal-finance/certain-industries-are-beating-inflation) to offer his insight on which industries are proving more resilient than in prior cycles due to strong supply and demand fundamentals. Forty-year record high inflation has dominated news cycles and casts a gloomy forecast. Yet, many sectors are thriving. Although inflation has caused economic metrics like consumer and small business confidence and manufacturing indexes to wane, many industries are beating inflation.  *This Article Explores...* ***Which Industries are Prospering Despite Inflationary Pressures?*** *Traditionally, companies that sell “what you need, not what you want” products and services tend to hold up better during recessions and enjoy greater pricing power. As a result, sectors like energy, healthcare, and utilities, are all doing well due to supply and demand fundamentals.* *Additionally, c*onsumer staples like Coca-Cola & Pepsi and mission critical tech companies like Microsoft, Oracle, Palo Alto, and Arista Networks have shown very little margin deterioration even in a tough economy.** ***How Will Inflation Affect Holiday Shopping?*** *Due to inflation, Vineyard Global expects a weaker holiday season than last year as consumers are forced to re-channel more spending into essential goods and services, like food and gasoline due to inflation. Additionally, factors such as the slowing economy, falling stock market, and weaker home prices may also weigh on consumer confidence and holiday spending plans.* [*Read the Full Article Here...*](https://www.thestreet.com/personal-finance/certain-industries-are-beating-inflation) Author: [Brian O'Connell, The Street](https://www.thestreet.com/author/brian-oconnell) Guest Contributor: [Tom Samuelson, CIO of Vineyard Global Advisors](https://www.vineyardglobaladvisors.com/our-firm/thomas-samuelson) [![Learn more about Vineyard Global Advisors’ investment strategies.](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/19651629/f072f4f7-b638-4b1c-b636-323b7e67ce25.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/19651629/f072f4f7-b638-4b1c-b636-323b7e67ce25) [![View Our Strategies](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/19651629/0f0d02a1-ab92-4994-b098-68cb6f2bae33.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/19651629/0f0d02a1-ab92-4994-b098-68cb6f2bae33) [![Contact Us Today](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/19651629/542864bc-0da7-4a08-9f27-df9bac129224.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/19651629/542864bc-0da7-4a08-9f27-df9bac129224) Investment advisory services are provided through Integrated Advisors Network, LLC (“Integrated”) a registered investment advisor. Registration does not imply a certain level of skill or training. Vineyard Global Advisors, LLC is a practice group of Integrated. The opinions expressed herein are those of Vineyard Global Advisors and are subject to change without notice. This material is not financial advice or an offer to sell any product. Forward-looking statements cannot be guaranteed. This document may contain certain information that constitutes “forward-looking statements” which can be identified by the use of forward-looking terminology such as “may,” “expect,” “will,” “hope,” “forecast,” “intend,” “target,” “believe,” and/or comparable terminology. No assurance, representation, or warranty is made by any person that any of Vineyard’s assumptions, expectations, objectives, and/or goals will be achieved. Nothing contained in this document may be relied upon as a guarantee, promise, assurance, or representation as to the future. 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It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations. Integrated is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Business is only transacted in states in which it is property registered or is excluded or exempted from registration. 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