As inflation hits consumer spending, some stocks will not only weather the storm but are poised to move higher, according to Barclays. The consumer-related names were chosen based on Barclays’ view that spending growth, once the main driver of the economy’s expansion during the Covid-19 era, is now becoming normal, or worse. The company also believes that high global inflation will take some time to subside and that food inflation, specifically, will likely last longer than other inflationary trends. Furthermore, tightening financial conditions could hit the housing sector harder than expected, Barclays said. Home prices are still higher than they were a year ago, but growth slowed to a record fast pace in June, according to mortgage analytics, data and software firm Black Knight. Barclays’ note on Tuesday comes after retail sales rose 1% in June. However, the figures are not adjusted for inflation. “While June retail sales may make consumers appear more resilient than previous estimates suggested, strength comes mainly from gasoline, storeless retailers and auto sales, which our economists believe could lead to a significant deceleration once inflation is taken into account,” wrote lead analyst Terence Malone. Additionally, Barclays high-frequency credit card data shows a slowdown in spending in June for both high- and low-income consumers. “Households are finally responding to higher prices and tighter financial conditions,” the analysts said. Picking stocks When putting together this list, Malone’s team asked banking company analysts what stocks they would own during this period of reduced consumer spending. The stocks selected were all rated as overweight by Barclays analysts. Here are five names that have made the cut. Expedia: $157 Price Target Barclays analysts see Expedia’s advantage on the internet travel company’s alternative accommodation platform, VRBO, as well as a $750 million reduction in fixed costs in Covid, which analysts believe will likely help expand its profit margins. Barclays has a price target of $157 per share on the stock, implying a 52.7% gain from Monday’s close. McDonald’s: $285 Price Target Barclays enjoys the unique liquidity, scale, and scale of fast food chains in the industry, as well as strong underlying growth in comparable store sales, leverage its relatively modest balance sheet leverage and real estate ownership. Shares of McDonald’s could be up 7.8% since late Monday, based on Barclays’ price target. Ross Store: $85 target price The discount department store is among retailers that Barclays believes own strong brands or sell strong brands, or are in a growing retail segment development, such as price reductions. Based on the bank’s price target, shares of Ross Stores are up 3.2% from Monday’s close. PepsiCo: $183 Price Target Barclays said beverage companies like PepsiCo “still enjoy a fair valuation backdrop,” could support their stock. The bank sees a 3.4% gain for the beverage and snack giant, based on Monday’s closing price and Barclays price target. Take-Two Interactive Software: $171 Price Target Barclays calls this tech stock valuation “too cheap to ignore” and notes that the video game sector is relatively well positioned for value high for every dollar it offers. Based on Barclays price target, Take-Two Interactive could rally 34% from here. — Michael Bloom of CNBC contributed to this report.