JosephHo
2021-09-17
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Investors are paying up for stocks where company profit resists squeeze from inflation, says strategist<blockquote>策略师表示，投资者正在为公司利润抵抗通胀挤压的股票买单</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":884109594,"tweetId":"884109594","gmtCreate":1631863255518,"gmtModify":1631890358998,"author":{"id":3575260924648045,"idStr":"3575260924648045","authorId":3575260924648045,"authorIdStr":"3575260924648045","name":"JosephHo","avatar":"https://static.tigerbbs.com/b18bd342ec6a173ee43df6269f056c9b","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":43,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Nice</p></body></html>","htmlText":"<html><head></head><body><p>Nice</p></body></html>","text":"Nice","highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/884109594","repostId":2168544259,"repostType":4,"repost":{"id":"2168544259","kind":"highlight","pubTimestamp":1631861904,"share":"https://www.laohu8.com/m/news/2168544259?lang=zh_CN&edition=full","pubTime":"2021-09-17 14:58","market":"us","language":"en","title":"Investors are paying up for stocks where company profit resists squeeze from inflation, says strategist<blockquote>策略师表示，投资者正在为公司利润抵抗通胀挤压的股票买单</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2168544259","media":"MarketWatch","summary":"Here are the sectors 'most vulnerable' in a rising cost environment, says Oxford Economics\nCorporate","content":"<p>Here are the sectors 'most vulnerable' in a rising cost environment, says Oxford Economics</p><p><blockquote>牛津经济研究院表示，这些行业在成本上升的环境中“最脆弱”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc6f9f7e1be5f4d2a76152b1f8773152\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Corporate profit may be squeezed by inflation pressures. Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>企业利润可能会受到通胀压力的挤压。盖蒂图片</span></p></blockquote></p><p> Investors are eyeing companies for signs that inflationary pressures are eroding profitability, with more resilient businesses falling into favor in the stock market, according to Oxford Economics.</p><p><blockquote>牛津经济研究院表示，投资者正在关注通胀压力正在侵蚀盈利能力的迹象，更具弹性的企业在股市中受到青睐。</blockquote></p><p> \"This is an environment where pricing power and productivity growth is being increasingly rewarded,\" said Daniel Grosvenor, director of equity strategy at Oxford Economics, in a report Thursday. \"U.S. profit margins are likely to come under pressure in the near-term as costs continue to rise.\"</p><p><blockquote>牛津经济研究院(Oxford Economics)股票策略主管丹尼尔·格罗夫纳(Daniel Grosvenor)在周四的一份报告中表示：“在这种环境下，定价能力和生产率增长正得到越来越多的回报。”“随着成本持续上升，美国利润率近期可能面临压力。”</blockquote></p><p> Supply-chain disruptions and labor market shortages are driving up costs for companies, with many estimating that profit margins peaked during the second quarter, according to the report. Companies in the S&P 500 index may see a \"modest decline\" in those margins in the second half of 2021, weighing on U.S. stocks without derailing the bull market, Grosvenor wrote.</p><p><blockquote>报告称，供应链中断和劳动力市场短缺正在推高企业成本，许多人估计利润率将在第二季度见顶。Grosvenor写道，标普500指数中的公司在2021年下半年的利润率可能会“小幅下降”，在不破坏牛市的情况下给美国股市带来压力。</blockquote></p><p> \"Sectors and stocks with a proven track record of maintaining profit margins have started to outperform and this trend may continue in the near-term,\" he said. Investors may continue to favor companies with \"high pricing power and scope to grow and sustain productivity gains.\"</p><p><blockquote>他表示：“在维持利润率方面有着良好记录的行业和股票已经开始跑赢大盘，这种趋势可能会在短期内持续下去。”投资者可能会继续青睐具有“高定价能力以及增长和维持生产率增长空间”的公司。</blockquote></p><p> The Oxford Economics report shows that technology<a href=\"https://laohu8.com/S/XLK\">$(XLK)$</a>, telecommunications<a href=\"https://laohu8.com/S/IYZ\">$(IYZ)$</a>, healthcare<a href=\"https://laohu8.com/S/IYH\">$(IYH)$</a> and the consumer products sectors are among the best positioned to maintain profit margins as the delta variant of the coronavirus continues to disrupt the economy in the pandemic. The \"most vulnerable\" sectors in the current environment include food and drug retail, chemicals and autos, said Grosvenor.</p><p><blockquote>牛津经济研究院报告显示，科技<a href=\"https://laohu8.com/S/XLK\">$(XLK)$</a>、电信<a href=\"https://laohu8.com/S/IYZ\">$(IYZ)$</a>,医疗保健<a href=\"https://laohu8.com/S/IYH\">$(IYH)$</a>随着冠状病毒的德尔塔变异毒株继续扰乱大流行中的经济，消费品行业是最有能力保持利润率的行业之一。格罗夫纳表示，当前环境下“最脆弱”的行业包括食品和药品零售、化学品和汽车。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d016c2199a65caa8f0408e76dbabc988\" tg-width=\"700\" tg-height=\"599\" width=\"100%\" height=\"auto\"><span>OXFORD ECONOMICS REPORT FROM SEPT. 16, 2021</span></p><p><blockquote><p class=\"t-img-caption\"><span>牛津经济报告9月。16, 2021</span></p></blockquote></p><p> The premium that investors are paying for shares of companies with high pricing power has increased significantly in recent months, expanding above pre-pandemic levels, according to the report. \"This suggests that investors are already paying up for the greater certainty over earnings,\" cautioned Grosvenor, \"which is likely to limit any further gains.\"</p><p><blockquote>报告称，近几个月来，投资者为具有高定价权的公司股票支付的溢价大幅上升，超过了大流行前的水平。格罗夫纳警告说：“这表明投资者已经在为盈利的更大确定性买单，这可能会限制任何进一步的收益。”</blockquote></p><p> \"If our base-case is correct that cost pressures ultimately prove transitory, then lower pricing power sectors and stocks may move back into favour as we head into 2022,\" he wrote. That's why Oxford Economics wouldn't \"indiscriminately\" favor companies with high pricing power.</p><p><blockquote>他写道：“如果我们的基本情况是正确的，即成本压力最终被证明是暂时的，那么随着我们进入2022年，定价较低的行业和股票可能会重新受到青睐。”这就是为什么牛津经济研究院不会“不分青红皂白”地青睐具有高定价权的公司。</blockquote></p><p> For example, \"we are currently overweight healthcare as the sector appears relatively inexpensive, but we are underweight tech where valuations remain stretched versus historical norms,\" said Grosvenor.</p><p><blockquote>例如，“我们目前是跑赢大盘医疗保健公司，因为该行业似乎相对便宜，但我们是跑输大盘科技公司，其估值与历史标准相比仍然过高，”Grosvenor表示。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Investors are paying up for stocks where company profit resists squeeze from inflation, says strategist<blockquote>策略师表示，投资者正在为公司利润抵抗通胀挤压的股票买单</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors are paying up for stocks where company profit resists squeeze from inflation, says strategist<blockquote>策略师表示，投资者正在为公司利润抵抗通胀挤压的股票买单</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-17 14:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Here are the sectors 'most vulnerable' in a rising cost environment, says Oxford Economics</p><p><blockquote>牛津经济研究院表示，这些行业在成本上升的环境中“最脆弱”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc6f9f7e1be5f4d2a76152b1f8773152\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Corporate profit may be squeezed by inflation pressures. Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>企业利润可能会受到通胀压力的挤压。盖蒂图片</span></p></blockquote></p><p> Investors are eyeing companies for signs that inflationary pressures are eroding profitability, with more resilient businesses falling into favor in the stock market, according to Oxford Economics.</p><p><blockquote>牛津经济研究院表示，投资者正在关注通胀压力正在侵蚀盈利能力的迹象，更具弹性的企业在股市中受到青睐。</blockquote></p><p> \"This is an environment where pricing power and productivity growth is being increasingly rewarded,\" said Daniel Grosvenor, director of equity strategy at Oxford Economics, in a report Thursday. \"U.S. profit margins are likely to come under pressure in the near-term as costs continue to rise.\"</p><p><blockquote>牛津经济研究院(Oxford Economics)股票策略主管丹尼尔·格罗夫纳(Daniel Grosvenor)在周四的一份报告中表示：“在这种环境下，定价能力和生产率增长正得到越来越多的回报。”“随着成本持续上升，美国利润率近期可能面临压力。”</blockquote></p><p> Supply-chain disruptions and labor market shortages are driving up costs for companies, with many estimating that profit margins peaked during the second quarter, according to the report. Companies in the S&P 500 index may see a \"modest decline\" in those margins in the second half of 2021, weighing on U.S. stocks without derailing the bull market, Grosvenor wrote.</p><p><blockquote>报告称，供应链中断和劳动力市场短缺正在推高企业成本，许多人估计利润率将在第二季度见顶。Grosvenor写道，标普500指数中的公司在2021年下半年的利润率可能会“小幅下降”，在不破坏牛市的情况下给美国股市带来压力。</blockquote></p><p> \"Sectors and stocks with a proven track record of maintaining profit margins have started to outperform and this trend may continue in the near-term,\" he said. Investors may continue to favor companies with \"high pricing power and scope to grow and sustain productivity gains.\"</p><p><blockquote>他表示：“在维持利润率方面有着良好记录的行业和股票已经开始跑赢大盘，这种趋势可能会在短期内持续下去。”投资者可能会继续青睐具有“高定价能力以及增长和维持生产率增长空间”的公司。</blockquote></p><p> The Oxford Economics report shows that technology<a href=\"https://laohu8.com/S/XLK\">$(XLK)$</a>, telecommunications<a href=\"https://laohu8.com/S/IYZ\">$(IYZ)$</a>, healthcare<a href=\"https://laohu8.com/S/IYH\">$(IYH)$</a> and the consumer products sectors are among the best positioned to maintain profit margins as the delta variant of the coronavirus continues to disrupt the economy in the pandemic. The \"most vulnerable\" sectors in the current environment include food and drug retail, chemicals and autos, said Grosvenor.</p><p><blockquote>牛津经济研究院报告显示，科技<a href=\"https://laohu8.com/S/XLK\">$(XLK)$</a>、电信<a href=\"https://laohu8.com/S/IYZ\">$(IYZ)$</a>,医疗保健<a href=\"https://laohu8.com/S/IYH\">$(IYH)$</a>随着冠状病毒的德尔塔变异毒株继续扰乱大流行中的经济，消费品行业是最有能力保持利润率的行业之一。格罗夫纳表示，当前环境下“最脆弱”的行业包括食品和药品零售、化学品和汽车。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d016c2199a65caa8f0408e76dbabc988\" tg-width=\"700\" tg-height=\"599\" width=\"100%\" height=\"auto\"><span>OXFORD ECONOMICS REPORT FROM SEPT. 16, 2021</span></p><p><blockquote><p class=\"t-img-caption\"><span>牛津经济报告9月。16, 2021</span></p></blockquote></p><p> The premium that investors are paying for shares of companies with high pricing power has increased significantly in recent months, expanding above pre-pandemic levels, according to the report. \"This suggests that investors are already paying up for the greater certainty over earnings,\" cautioned Grosvenor, \"which is likely to limit any further gains.\"</p><p><blockquote>报告称，近几个月来，投资者为具有高定价权的公司股票支付的溢价大幅上升，超过了大流行前的水平。格罗夫纳警告说：“这表明投资者已经在为盈利的更大确定性买单，这可能会限制任何进一步的收益。”</blockquote></p><p> \"If our base-case is correct that cost pressures ultimately prove transitory, then lower pricing power sectors and stocks may move back into favour as we head into 2022,\" he wrote. That's why Oxford Economics wouldn't \"indiscriminately\" favor companies with high pricing power.</p><p><blockquote>他写道：“如果我们的基本情况是正确的，即成本压力最终被证明是暂时的，那么随着我们进入2022年，定价较低的行业和股票可能会重新受到青睐。”这就是为什么牛津经济研究院不会“不分青红皂白”地青睐具有高定价权的公司。</blockquote></p><p> For example, \"we are currently overweight healthcare as the sector appears relatively inexpensive, but we are underweight tech where valuations remain stretched versus historical norms,\" said Grosvenor.</p><p><blockquote>例如，“我们目前是跑赢大盘医疗保健公司，因为该行业似乎相对便宜，但我们是跑输大盘科技公司，其估值与历史标准相比仍然过高，”Grosvenor表示。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/investors-are-paying-up-for-stocks-where-company-profit-resists-squeeze-from-inflation-says-strategist-11631825227?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","XLK":"高科技指数ETF-SPDR","IYZ":"电信业ETF-iShares","IYK":"iShares U.S. Consumer Staples ETF","ISBC":"投资者银行","IYH":"iShares U.S. Healthcare ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/investors-are-paying-up-for-stocks-where-company-profit-resists-squeeze-from-inflation-says-strategist-11631825227?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168544259","content_text":"Here are the sectors 'most vulnerable' in a rising cost environment, says Oxford Economics\nCorporate profit may be squeezed by inflation pressures. Getty Images\nInvestors are eyeing companies for signs that inflationary pressures are eroding profitability, with more resilient businesses falling into favor in the stock market, according to Oxford Economics.\n\"This is an environment where pricing power and productivity growth is being increasingly rewarded,\" said Daniel Grosvenor, director of equity strategy at Oxford Economics, in a report Thursday. \"U.S. profit margins are likely to come under pressure in the near-term as costs continue to rise.\"\nSupply-chain disruptions and labor market shortages are driving up costs for companies, with many estimating that profit margins peaked during the second quarter, according to the report. Companies in the S&P 500 index may see a \"modest decline\" in those margins in the second half of 2021, weighing on U.S. stocks without derailing the bull market, Grosvenor wrote.\n\"Sectors and stocks with a proven track record of maintaining profit margins have started to outperform and this trend may continue in the near-term,\" he said. Investors may continue to favor companies with \"high pricing power and scope to grow and sustain productivity gains.\"\nThe Oxford Economics report shows that technology$(XLK)$, telecommunications$(IYZ)$, healthcare$(IYH)$ and the consumer products sectors are among the best positioned to maintain profit margins as the delta variant of the coronavirus continues to disrupt the economy in the pandemic. The \"most vulnerable\" sectors in the current environment include food and drug retail, chemicals and autos, said Grosvenor.\nOXFORD ECONOMICS REPORT FROM SEPT. 16, 2021\nThe premium that investors are paying for shares of companies with high pricing power has increased significantly in recent months, expanding above pre-pandemic levels, according to the report. \"This suggests that investors are already paying up for the greater certainty over earnings,\" cautioned Grosvenor, \"which is likely to limit any further gains.\"\n\"If our base-case is correct that cost pressures ultimately prove transitory, then lower pricing power sectors and stocks may move back into favour as we head into 2022,\" he wrote. That's why Oxford Economics wouldn't \"indiscriminately\" favor companies with high pricing power.\nFor example, \"we are currently overweight healthcare as the sector appears relatively inexpensive, but we are underweight tech where valuations remain stretched versus historical norms,\" said Grosvenor.","news_type":1,"symbols_score_info":{".SPX":0.9,"IYZ":0.9,".DJI":0.9,"XLK":0.9,"IYH":0.9,"IYK":0.9,".IXIC":0.9,"ISBC":0.9}},"isVote":1,"tweetType":1,"viewCount":347,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/884109594"}
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