<p>私募品牌食品製造商 <strong>樹屋食品</strong>(THS 10.54%) 的股票在週五上漲了兩位數，截至東部時間下午 1:21，漲幅為 10.5%。</p>
<p>今天，美聯儲主席傑伊·鮑威爾似乎暗示未來幾個月可能會降息。降息的前景導致許多利率敏感股票出現了一波買入和空頭回補。作為一家高負債公司，樹屋食品也不例外。</p>
<h2>傑伊·鮑威爾暗示可能降息</h2>
<p>在疫情結束時，通貨膨脹飆升，美聯儲以歷史上最快的速度加息。但儘管美聯儲去年開始降低聯邦基金利率，最後一次降息是在 12 月。自那時以來，通貨膨脹仍然頑固地高於美聯儲的目標，導致中央銀行暫停了降息，同時將資金利率保持在 4.5% 的 “適度限制” 水平。</p>
<p>今天，在懷俄明州傑克遜霍爾的演講中，鮑威爾表示，“風險的平衡似乎正在轉變。” 這意味着鮑威爾目前認為就業市場面臨的風險與通貨膨脹一樣多。這似乎暗示未來幾個月可能會有更多的降息，儘管通貨膨脹仍高於目標。</p>
<p>市場對此謹慎的信息反應熱烈，導致經濟敏感股票大幅上漲。這包括樹屋食品，考慮到其高負債水平。</p>
<p>截至第二季度末，樹屋食品的債務約為 15 億美元，現金幾乎為零，相對於其 2025 年息税折舊攤銷前利潤（EBITDA）指導的 3.6 億美元。這大約是 4.2 倍的槓桿比率，算是相對較高。該公司的利息支出在上個季度也達到了 2220 萬美元，比去年增長了 42%。</p>
<p>因此，債務利率降低的前景，加上由於利率降低可能帶來的更多消費者支出，可能會在未來一年幫助樹屋食品的財務狀況。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTUvZ2V0dHlpbWFnZXMtMjAwMzAxMDU2LTAwMy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTUvZ2V0dHlpbWFnZXMtMjAwMzAxMDU2LTAwMy5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>樹屋食品是一個價值機會嗎？</h2>
<p>由於其股票今年下跌了 45%，而降息的前景又在眼前，樹屋食品可能是一個有趣的機會。股票的交易價格約為今年盈利預期的 11 倍。儘管公司的債務構成了風險，但持續的債務償還可能會降低這一風險並促進重新評級。</p>
<p>話雖如此，鮑威爾的話遠非 “完全放行”，因此任何令人失望的通貨膨脹數據或缺乏後續降息的情況都可能導致股票再次下跌。</p>

樹屋食品

<p>樹屋食品的股票在美聯儲主席傑伊·鮑威爾暗示可能降息後上漲了 10.5%。該公司的高負債約為 15 億美元，使其對利率變化非常敏感。鮑威爾的評論暗示風險平衡的轉變，這讓投資者感到興奮，尤其是在像樹屋食品這樣的經濟敏感股票中。儘管今年股票價值下降了 45%，但降息和消費者支出增加的前景可能帶來價值機會，儘管如果通脹數據令人失望，風險仍然存在</p>

<p>Shares of private label food manufacturer <strong>TreeHouse Foods</strong>(THS 10.54%) rallied double digits on Friday, appreciating 10.5% as of 1:21 p.m. ET.</p>
<div class="lb-trans"><p>私募品牌食品製造商 <strong>樹屋食品</strong>(THS 10.54%) 的股票在週五上漲了兩位數，截至東部時間下午 1:21，漲幅為 10.5%。</p>
</div><p>Today, Federal Reserve Chair Jay Powell appeared to hint at interest rate cuts in the months ahead. The prospect of rate cuts led to a bout of buying and short covering in many rate-dependent stocks. As a highly indebted name, TreeHouse was no exception.</p>
<div class="lb-trans"><p>今天，美聯儲主席傑伊·鮑威爾似乎暗示未來幾個月可能會降息。降息的前景導致許多利率敏感股票出現了一波買入和空頭回補。作為一家高負債公司，樹屋食品也不例外。</p>
</div><h2>Jay Powell hints rate cuts could be possible</h2>
<div class="lb-trans"><h2>傑伊·鮑威爾暗示可能降息</h2>
</div><p>At the end of the pandemic, inflation jumped and the Federal Reserve hiked interest rates at the fastest pace in history. But while the Fed began cutting the federal funds rate last year, the last rate cut was in December. Since then, inflation has remained stubbornly above the Fed's target, causing the central bank to pause those cuts while keeping the funds rate &#34;moderately restrictive&#34; at 4.5%.</p>
<div class="lb-trans"><p>在疫情結束時，通貨膨脹飆升，美聯儲以歷史上最快的速度加息。但儘管美聯儲去年開始降低聯邦基金利率，最後一次降息是在 12 月。自那時以來，通貨膨脹仍然頑固地高於美聯儲的目標，導致中央銀行暫停了降息，同時將資金利率保持在 4.5% 的 “適度限制” 水平。</p>
</div><p>Today in a speech at Jackson Hole, Wyoming, Powell said, &#34;the balance of risks appear to be shifting.&#34; What that means is that Powell currently sees as much risk to the job market as there is to inflation. That appeared to suggest more rate cuts could be coming in the months ahead, even as inflation remains above-target.</p>
<div class="lb-trans"><p>今天，在懷俄明州傑克遜霍爾的演講中，鮑威爾表示，“風險的平衡似乎正在轉變。” 這意味着鮑威爾目前認為就業市場面臨的風險與通貨膨脹一樣多。這似乎暗示未來幾個月可能會有更多的降息，儘管通貨膨脹仍高於目標。</p>
</div><p>The markets took this hedged message enthusiastically, leading to a big jump in economically sensitive stocks. That included TreeHouse, given its high debt load.</p>
<div class="lb-trans"><p>市場對此謹慎的信息反應熱烈，導致經濟敏感股票大幅上漲。這包括樹屋食品，考慮到其高負債水平。</p>
</div><p>At the end of the second quarter, TreeHouse had about $1.5 billion of debt and little cash, relative to its 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of $360 million. That's about a 4.2 times leverage ratio, which is somewhat high. The company's interest expense was also $22.2 million last quarter, up 42% from last year.</p>
<div class="lb-trans"><p>截至第二季度末，樹屋食品的債務約為 15 億美元，現金幾乎為零，相對於其 2025 年息税折舊攤銷前利潤（EBITDA）指導的 3.6 億美元。這大約是 4.2 倍的槓桿比率，算是相對較高。該公司的利息支出在上個季度也達到了 2220 萬美元，比去年增長了 42%。</p>
</div><p>So, the prospect of lower interest rates on that debt, along with perhaps more consumer spending due to lower rates, could help TreeHouse's financials in the year ahead.</p>
<div class="lb-trans"><p>因此，債務利率降低的前景，加上由於利率降低可能帶來的更多消費者支出，可能會在未來一年幫助樹屋食品的財務狀況。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTUvZ2V0dHlpbWFnZXMtMjAwMzAxMDU2LTAwMy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F830655%2Fgettyimages-200301056-003.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>Is TreeHouse a value opportunity?</h2>
<div class="lb-trans"><h2>樹屋食品是一個價值機會嗎？</h2>
</div><p>With its stock down 45% this year and the prospect of lower rates on the horizon, TreeHouse could be an interesting opportunity. Shares trade at about 11 times this year's earnings estimates. And while the company's debt poses a risk, continued debt paydown could lessen that risk and spur a rerating.</p>
<div class="lb-trans"><p>由於其股票今年下跌了 45%，而降息的前景又在眼前，樹屋食品可能是一個有趣的機會。股票的交易價格約為今年盈利預期的 11 倍。儘管公司的債務構成了風險，但持續的債務償還可能會降低這一風險並促進重新評級。</p>
</div><p>That being said, Powell's words were far from an &#34;all-clear,&#34; so any disappointing inflation numbers or a lack of follow-through on cuts could cause the stock to fall again.</p>
<div class="lb-trans"><p>話雖如此，鮑威爾的話遠非 “完全放行”，因此任何令人失望的通貨膨脹數據或缺乏後續降息的情況都可能導致股票再次下跌。</p>
</div>

Why TreeHouse Foods Rallied Today

- TreeHouse Foods 股價因美聯儲主席暗示可能降息而上漲 10.5%。
- 公司債務高達 15 億美元，槓桿比率約為 4.2 倍。
- 降息前景可能改善其財務狀況，吸引投資者關注。

為什麼樹屋食品今天股價上漲