A co-investment chief at billionaire investor Mario Gabelli’s firm shares 3 stocks with strong pricing power he’s betting on as inflation remains sticky

• A tight labor market threatens to keep inflation elevated, which could mean high rates for longer.
• In such an environment, pricing power is crucial to a firm’s success, says Kevin Dreyer.
• The Gabelli Funds co-CIO is bullish on stocks like Diageo and BellRing Brands.

The folks at Gabelli Funds are bottom-up investors, says Kevin Dreyer, a co-chief investment officer for value investing at the $29 billion firm founded by Mario Gabelli.