對通膨持謹慎態度的投資人要小心：為了市場穩定應避免買的股票

儘管美國經濟強勁，通膨仍令人擔憂，選股需謹慎。由於短期內不太可能降息，投資者應避開潛在表現不佳的股票。其中包括面臨成本壓力和下調指引的雅詩蘭黛（EL）； Coinbase (COIN)，容易受到加密貨幣波動的影響；和 Pool Corporation (POOL) 的收入下降，獲利指引也降低。這些公司的估值在通膨環境下也構成下行風險。

Inflation Resilience: Navigating Market Uncertainties by Avoiding Vulnerable Stocks

通膨抵禦能力：透過避免弱勢股票來應對市場的不確定性

The resilience of the U.S. economy has surprised many, leaving investors grappling with the challenge of identifying stocks that can withstand the persistent threat of inflation. As central banks maintain a cautious stance on interest rates, discerning investors must exercise prudence in selecting investments to safeguard their portfolios.

美國經濟的韌性令許多人感到驚訝，這讓投資人面臨著尋找能夠抵禦持續通膨威脅的股票的挑戰。由於各國央行對利率保持謹慎立場，眼光敏銳的投資人必須謹慎選擇投資以保護其投資組合。

1. Estee Lauder: Beauty Giant Weighed Down by Inflationary Pressures

1. 雅詩蘭黛：受通膨壓力拖累的美容巨頭

Estee Lauder Companies, a venerable name in the cosmetics industry, has faced significant headwinds due to escalating production costs and diminished consumer spending. The company's recent fiscal reports have painted a bleak picture, revealing a somber outlook for the near future. Despite cost-cutting measures, market expectations remain subdued, indicating that the stock lacks immediate upside potential.

雅詩蘭黛公司是化妝品行業的老牌企業，但由於生產成本上升和消費者支出減少而面臨巨大的阻力。該公司最近的財務報告描繪了一幅黯淡的景象，揭示了近期的黯淡前景。儘管採取了削減成本的措施，但市場預期仍然低迷，顯示該股缺乏直接的上漲潛力。

2. Coinbase: Crypto Volatility Casts Shadow over Exchange Platform

2. Coinbase：加密貨幣波動讓交易平台蒙上陰影

Coinbase, once buoyed by the surge in cryptocurrency prices, has since encountered a significant slowdown in its growth trajectory. The company's close correlation with Bitcoin's volatility makes it highly vulnerable to market fluctuations, a risk compounded by its exorbitant valuation. Insiders' continued divestment casts further doubt on the company's future prospects, making it a stock to avoid amid inflationary pressures.

Coinbase 曾因加密貨幣價格飆升而受到提振，但此後其成長軌跡大幅放緩。該公司與比特幣波動性的密切相關性使其極易受到市場波動的影響，而其過高的估值又加劇了這一風險。內部人士持續撤資使該公司的未來前景進一步受到質疑，使其成為通膨壓力應迴避的股票。

3. Pool Corporation: Swimming Pool Supplier Faces Normalizing Demand

3.泳池公司：泳池供應商面臨需求正常化

Pool Corporation, the leading distributor of swimming pool supplies, has experienced a post-pandemic slowdown in revenue growth. Its recent quarterly results have shown a consistent decline in sales, with estimates missed by a significant margin. The company's guidance for 2024 indicates a potential contraction in earnings, further dimming its investment appeal. Traded at a premium valuation, Pool Corporation offers limited upside potential and is particularly susceptible to inflationary erosion of its margins.

Pool Corporation 是泳池用品的領先經銷商，其收入成長在疫情後出現放緩。其最近的季度業績顯示銷售額持續下降，大幅低於預期。該公司2024年的指引顯示獲利可能收縮，進一步削弱其投資吸引力。 Pool Corporation 的交易估值較高，其上漲潛力有限，特別容易受到通膨侵蝕其利潤。

Remaining Vigilant in the Face of Inflation

面對通膨保持警惕

As inflation remains a prevalent concern, investors must exercise caution when navigating the market. By avoiding stocks that are vulnerable to rising costs, reduced consumer spending, and unpredictable market conditions, they can enhance their portfolio resilience and mitigate the impact of inflationary pressures. Prudent investment decisions are paramount in these uncertain times, and identifying stocks to avoid is an essential aspect of safeguarding financial stability.

由於通膨仍然是人們普遍關注的問題，投資者在市場上必須謹慎行事。透過避開容易受到成本上漲、消費者支出減少和不可預測的市場狀況影響的股票，他們可以增強投資組合的彈性並減輕通膨壓力的影響。在這些不確定的時期，審慎的投資決策至關重要，而確定要規避的股票是維護金融穩定的重要面向。