对通胀持谨慎态度的投资者要小心：为了市场稳定应避免购买的股票

尽管美国经济强劲，但通胀仍然令人担忧，选股需谨慎。由于短期内不太可能降息，投资者应避开潜在表现不佳的股票。其中包括面临成本压力和下调指引的雅诗兰黛（EL）； Coinbase (COIN)，容易受到加密货币波动的影响；和 Pool Corporation (POOL) 的收入下降，盈利指引也降低。这些公司的估值在通胀环境下也构成下行风险。

Inflation Resilience: Navigating Market Uncertainties by Avoiding Vulnerable Stocks

通胀抵御能力：通过避免弱势股票来应对市场的不确定性

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.

美国经济的韧性令许多人感到惊讶，这让投资者面临着寻找能够抵御持续通胀威胁的股票的挑战。由于各国央行对利率保持谨慎立场，眼光敏锐的投资者必须谨慎选择投资以保护其投资组合。

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

1. 雅诗兰黛：受通胀压力拖累的美容巨头

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.

雅诗兰黛公司是化妆品行业的老牌企业，但由于生产成本上升和消费者支出减少而面临着巨大的阻力。该公司最近的财务报告描绘了一幅黯淡的景象，揭示了近期的黯淡前景。尽管采取了削减成本的措施，但市场预期仍然低迷，表明该股缺乏直接的上涨潜力。

2. Coinbase: Crypto Volatility Casts Shadow over Exchange Platform

2. Coinbase：加密货币波动给交易平台蒙上阴影

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 曾因加密货币价格飙升而受到提振，但此后其增长轨迹大幅放缓。该公司与比特币波动性的密切相关性使其极易受到市场波动的影响，而其过高的估值又加剧了这一风险。内部人士持续撤资使该公司的未来前景进一步受到质疑，使其成为在通胀压力下应回避的股票。

3. Pool Corporation: Swimming Pool Supplier Faces Normalizing Demand

3.泳池公司：泳池供应商面临需求正常化

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 是泳池用品的领先分销商，其收入增长在疫情后出现放缓。其最近的季度业绩显示销售额持续下降，大幅低于预期。该公司2024年的指引表明盈利可能收缩，进一步削弱其投资吸引力。 Pool Corporation 的交易估值较高，其上涨潜力有限，而且特别容易受到通胀侵蚀其利润。

Remaining Vigilant in the Face of Inflation

面对通胀保持警惕

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.

由于通胀仍然是人们普遍关注的问题，投资者在市场上必须谨慎行事。通过避开容易受到成本上涨、消费者支出减少和不可预测的市场状况影响的股票，他们可以增强投资组合的弹性并减轻通胀压力的影响。在这些不确定的时期，审慎的投资决策至关重要，而确定要规避的股票是维护金融稳定的一个重要方面。