This stock is our favorite way to hedge against the pickup in inflation

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P 500 overcame a softer open and rallied to new record highs on Wednesday despite another hotter-than-expected inflation report that nudged long-dated U.S. Treasury yields higher and renewed concerns about future monetary policy decisions. …