<p>2025 年股市表现出惊人的韧性。在摆脱贸易战和经济不确定性后，<strong>标准普尔 500 指数</strong> 接近历史新高。随着历史上市场表现较弱的八月临近，有一些稳健的公司以合理的估值交易，值得购买。</p>
<p>如果你有 1000 美元用于长期投资计划，看看为什么三位《傻瓜 Motley Fool》的撰稿人现在看好 <strong>阿里巴巴</strong>(BABA -2.99%)、<strong>Lululemon Athletica</strong>(LULU -3.50%) 和 <strong>威富集团</strong>(VFC -0.51%)。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc0MDQvc3RvY2stbWFya2V0LWdyYXBoLWFuZC1jdXJyZW5jeS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc0MDQvc3RvY2stbWFya2V0LWdyYXBoLWFuZC1jdXJyZW5jeS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>一家被低估的科技巨头</h2>
<p><strong>约翰·巴拉德（阿里巴巴）：</strong> 阿里巴巴的股票开始走出过去几年的低迷。这是考虑投资这家科技巨头的好时机。中国经济的改善和对公司云服务的强劲需求是可能在五年内使股价翻倍的主要催化剂。</p>
<p>阿里巴巴的电商市场，淘宝和天猫，在 2025 年实现了稳定增长。截止三月的季度显示，这些业务的客户管理收入同比增长 12%。这主要来自向在这些市场上销售商品的第三方商家收取的费用，为阿里巴巴创造了非常有利可图的收入来源。</p>
<p>阿里巴巴在其电商业务中有多个增长收入的杠杆。它将最近的增长归功于多个举措，包括将菜鸟物流整合到其电商业务中，以及新的软件服务费用，这帮助其从商家活动中获得了更高比例的收入。</p>
<p>支持股票复苏的另一个催化剂是阿里云的强劲增长。企业正在快速采用人工智能（AI）服务。阿里巴巴表示，其与 AI 相关的产品收入已连续七个季度以三位数的速度增长。其在 AI 方面的投资使公司在未来十年内具备强劲增长的潜力。</p>
<p>尽管公司整体趋势积极，投资者仍然可以以仅 13.5 倍的今年共识盈利预期购买股票——这是真正的便宜货。如果投资者愿意支付与标准普尔 500 指数平均市盈率 30 倍一致的更高盈利倍数，股票可能会翻倍。华尔街似乎正在重新评估阿里巴巴的股票，使其成为八月份的及时购买。</p>
<h2>便宜到无法忽视</h2>
<p><strong>詹妮弗·赛比尔（Lululemon）：</strong> Lululemon 在过去几年中经历了非常艰难的时光，其股票在 2025 年仅下跌了约 45%。然而，在当前价格下，市场似乎对其过度抛售，正在以便宜的价格交易。</p>
<p>经过多年的强劲增长后，增长急剧放缓。多种因素对其造成压力，包括可支配支出的压力和竞争加剧。Lululemon 帮助创造了运动休闲风潮，但其行业的进入壁垒较低。事实上，在高端运动休闲领域，客户通常在寻找下一个重要和独特的品牌。此外，关于 Lululemon 如何受到关税影响的担忧也在增加。难怪投资者对该股票失去了热情。</p>
<p>2025 财年第一季度（截至 5 月 4 日）并未平息悲观情绪。该季度销售同比增长 7%，但可比销售（comps）仅增长 1%。更糟的是，北美地区下降了 2%。管理层维持了全年收入中等个位数增长的指引，但下调了全年每股收益（EPS）的指引。</p>
<p>然而，仍然有乐观的理由。Lululemon 的股票市盈率仅为 14，在这个价格下，看起来是个不错的价值。Lululemon 的盈利能力很高，营业利润率为 18.5%。在第一季度，这一数字比去年下降了 1.1 个百分点，主要是由于关税。然而，这仍然是行业领先，远高于类似的运动服和普通服装公司。</p>
<p>随着特朗普政府继续与其他国家达成协议，关税情况可能会改善。至于其他国家，尽管美洲市场表现令人失望，但 Lululemon 在中国表现良好，第一季度销售同比增长 22%。</p>
<p>在当前价格下，可能是时候再次考虑 Lululemon 的股票，特别是如果你在寻找价值股。</p>
<h2>威富集团正在转变。</h2>
<p><strong>杰里米·鲍曼（威富集团）：</strong> 随着整体市场达到历史新高，投资者可能是时候关注那些被打压的、可能被低估的股票。</p>
<p>威富集团目前看起来就是这样的股票之一。这家服装品牌管理公司拥有 Vans、The North Face、Timberland 和 Dickies 等品牌，在过去五年中一直是市场上表现最差的服装股票之一。该股票自 2021 年峰值以来下跌了约 85%。</p>
<p>Vans 的疲软、股息削减以及消费品的整体逆风都对股票造成了压力，但威富集团在周三的财报中显示出转机的迹象。</p>
<p>尽管整体收入持平，但公司在所有核心品牌（除了 Vans）中都实现了稳健增长，Vans 正在经历 “渠道整合”，这意味着管理层正在减少分销点的数量。然而，Timberland 增长了 11%，The North Face 增长了 6%。另一方面，Vans 下降了 14%，但整体业务比看起来要健康。</p>
<p>如果管理层能够稳定 Vans 并改善盈利能力，公司应该会处于良好的基础上。其调整后的营业亏损在第一季度远好于预期，管理层的指引预计全年调整后的营业收入和自由现金流将增长。</p>
<p>VF Corp. 目前的市销率仅为 0.5。如果它能够实现 5% 的利润率，这将使股票具有上涨潜力，当前的市销率下对应的市盈率仅为 10。</p>
<p>对于一家拥有一系列知名高端品牌的公司来说，这应该是可以实现的。如果业务的复苏持续取得进展，VF 的股价可能会在此基础上翻倍或三倍。</p>

阿里巴巴

阿里巴巴-W

威富集团

2 倍做多阿里巴巴 ETF - KraneShares

BABO

2 倍做多 BABA ETF - GraniteShares

<p>在 2025 年 8 月，推荐三只股票进行投资：阿里巴巴、Lululemon 和威富集团。阿里巴巴在电子商务和云服务方面强劲增长，正在复苏，市盈率较低。尽管 Lululemon 的股价下跌了 45%，但由于市盈率为 14 且盈利能力强，特别是在中国，被视为被低估的股票。威富集团被认为是服装行业中潜在的被低估股票，暗示可能会迎来转机。鼓励投资者考虑这些股票以获取长期收益</p>

<p>The stock market has shown incredible resiliency in 2025. After shaking off the trade wars and uncertainty for the economy, the <strong>S&amp;P 500</strong> is sitting close to new all-time highs. As August, which is historically a weak month for the markets, approaches, there are solid companies trading at reasonable valuations that are worth buying.</p>
<div class="lb-trans"><p>2025 年股市表现出惊人的韧性。在摆脱贸易战和经济不确定性后，<strong>标准普尔 500 指数</strong> 接近历史新高。随着历史上市场表现较弱的八月临近，有一些稳健的公司以合理的估值交易，值得购买。</p>
</div><p>If you have $1,000 to commit to a long-term investment plan, read why three Motley Fool contributors like <strong>Alibaba</strong>(BABA -2.99%), <strong>Lululemon Athletica</strong>(LULU -3.50%), and <strong>VF Corp</strong>(VFC -0.51%) right now.</p>
<div class="lb-trans"><p>如果你有 1000 美元用于长期投资计划，看看为什么三位《傻瓜 Motley Fool》的撰稿人现在看好 <strong>阿里巴巴</strong>(BABA -2.99%)、<strong>Lululemon Athletica</strong>(LULU -3.50%) 和 <strong>威富集团</strong>(VFC -0.51%)。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc0MDQvc3RvY2stbWFya2V0LWdyYXBoLWFuZC1jdXJyZW5jeS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F827404%2Fstock-market-graph-and-currency.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>An undervalued tech giant</h2>
<div class="lb-trans"><h2>一家被低估的科技巨头</h2>
</div><p><strong>John Ballard (Alibaba):</strong> Shares of Alibaba are starting to climb out of the slump they've been in for the past few years. This is a great time to consider starting an investment in the tech giant. An improving economy in China and strong demand for the company's cloud services are major catalysts that could potentially double the share price within five years.</p>
<div class="lb-trans"><p><strong>约翰·巴拉德（阿里巴巴）：</strong> 阿里巴巴的股票开始走出过去几年的低迷。这是考虑投资这家科技巨头的好时机。中国经济的改善和对公司云服务的强劲需求是可能在五年内使股价翻倍的主要催化剂。</p>
</div><p>Alibaba's e-commerce marketplaces, Taobao and Tmall, are posting steady growth in 2025. The March-ending quarter showed these businesses growing customer management revenue by 12% year over year. This primarily comes from fees charged to third-party merchants that sell goods on these marketplaces, which creates very profitable revenue streams for Alibaba.</p>
<div class="lb-trans"><p>阿里巴巴的电商市场，淘宝和天猫，在 2025 年实现了稳定增长。截止三月的季度显示，这些业务的客户管理收入同比增长 12%。这主要来自向在这些市场上销售商品的第三方商家收取的费用，为阿里巴巴创造了非常有利可图的收入来源。</p>
</div><p>Alibaba has multiple levers to grow revenue in its e-commerce business. It credited recent growth from several initiatives, including the integration of its Cainiao logistics in its e-commerce business, in addition to new software service fees that helped capture a higher percentage of revenue from merchant activities.</p>
<div class="lb-trans"><p>阿里巴巴在其电商业务中有多个增长收入的杠杆。它将最近的增长归功于多个举措，包括将菜鸟物流整合到其电商业务中，以及新的软件服务费用，这帮助其从商家活动中获得了更高比例的收入。</p>
</div><p>Another catalyst supporting the stock's recovery is strong growth in Alibaba Cloud. Enterprises are adopting artificial intelligence (AI) services at a rapid rate. Alibaba said its AI-related product revenue has grown at a triple-digit rate for seven consecutive quarters. Its investments in AI are positioning the company for strong growth over the next decade.</p>
<div class="lb-trans"><p>支持股票复苏的另一个催化剂是阿里云的强劲增长。企业正在快速采用人工智能（AI）服务。阿里巴巴表示，其与 AI 相关的产品收入已连续七个季度以三位数的速度增长。其在 AI 方面的投资使公司在未来十年内具备强劲增长的潜力。</p>
</div><p>Despite positive trends across the company, investors can buy shares at just 13.5 times this year's consensus earnings estimate -- a genuine bargain. The stock could double if investors pay a higher multiple of earnings that is consistent with the average S&amp;P 500 price-to-earnings multiple of 30. Wall Street appears to be in the process of rerating Alibaba shares right now, making it a timely buy for the month of August.</p>
<div class="lb-trans"><p>尽管公司整体趋势积极，投资者仍然可以以仅 13.5 倍的今年共识盈利预期购买股票——这是真正的便宜货。如果投资者愿意支付与标准普尔 500 指数平均市盈率 30 倍一致的更高盈利倍数，股票可能会翻倍。华尔街似乎正在重新评估阿里巴巴的股票，使其成为八月份的及时购买。</p>
</div><h2>Too cheap to ignore</h2>
<div class="lb-trans"><h2>便宜到无法忽视</h2>
</div><p><strong>Jennifer Saibil (Lululemon):</strong> Lululemon has been having a very tough time over the past few years, and its stock is down around 45% in 2025 alone. However, at the current price, it looks like the market is overselling it, and it's trading at a bargain price.</p>
<div class="lb-trans"><p><strong>詹妮弗·赛比尔（Lululemon）：</strong> Lululemon 在过去几年中经历了非常艰难的时光，其股票在 2025 年仅下跌了约 45%。然而，在当前价格下，市场似乎对其过度抛售，正在以便宜的价格交易。</p>
</div><p>After many years of strong growth, that growth has decelerated sharply. There are several factors working against it, including pressure in discretionary spending and increasing competition. Lululemon helped create the athleisure movement, but there are low barriers to entry in its industry. In fact, in the premium athleisure space, customers are often looking for the next important and exclusive brand. On top of that, there have been worries about how Lululemon will be affected by tariffs. It's no wonder investors have been losing enthusiasm for the stock.</p>
<div class="lb-trans"><p>经过多年的强劲增长后，增长急剧放缓。多种因素对其造成压力，包括可支配支出的压力和竞争加剧。Lululemon 帮助创造了运动休闲风潮，但其行业的进入壁垒较低。事实上，在高端运动休闲领域，客户通常在寻找下一个重要和独特的品牌。此外，关于 Lululemon 如何受到关税影响的担忧也在增加。难怪投资者对该股票失去了热情。</p>
</div><p>The 2025 fiscal first quarter (ended May 4) did little to quell the pessimism. Sales increased 7% year over year in the quarter, but comparable sales (comps) were up only 1%. Even worse, they decreased 2% in the Americas region. Management maintained its guidance for a mid-single-digit increase in revenue for the full year, but it revised its guidance down for full-year earnings per share (EPS).</p>
<div class="lb-trans"><p>2025 财年第一季度（截至 5 月 4 日）并未平息悲观情绪。该季度销售同比增长 7%，但可比销售（comps）仅增长 1%。更糟的是，北美地区下降了 2%。管理层维持了全年收入中等个位数增长的指引，但下调了全年每股收益（EPS）的指引。</p>
</div><p>However, there's reason for optimism. Lululemon stock trades at a P/E ratio of only 14, and at this price, it looks like a good value. Lululemon is highly profitable with an operating margin of 18.5%. That was down 1.1 percentage points from last year in the first quarter, mostly due to tariffs. However, it's still industry-leading, way above similar athletic wear and regular apparel companies.</p>
<div class="lb-trans"><p>然而，仍然有乐观的理由。Lululemon 的股票市盈率仅为 14，在这个价格下，看起来是个不错的价值。Lululemon 的盈利能力很高，营业利润率为 18.5%。在第一季度，这一数字比去年下降了 1.1 个百分点，主要是由于关税。然而，这仍然是行业领先，远高于类似的运动服和普通服装公司。</p>
</div><p>The tariffs situation could be improving as the Trump administration continues to make deals with other countries. And in terms of other countries, although the Americas market has been disappointing, Lululemon is doing very well in China, where sales increased 22% over last year in Q1.</p>
<div class="lb-trans"><p>随着特朗普政府继续与其他国家达成协议，关税情况可能会改善。至于其他国家，尽管美洲市场表现令人失望，但 Lululemon 在中国表现良好，第一季度销售同比增长 22%。</p>
</div><p>At the current price, it could finally be time to give Lululemon stock another shot, especially if you're looking for a value stock.</p>
<div class="lb-trans"><p>在当前价格下，可能是时候再次考虑 Lululemon 的股票，特别是如果你在寻找价值股。</p>
</div><h2>A turnaround is afoot at VF Corp.</h2>
<div class="lb-trans"><h2>威富集团正在转变。</h2>
</div><p><strong>Jeremy Bowman (VF Corp):</strong> With the broad market at an all-time high, it may be a good time for investors to look to beaten-down stocks that could be undervalued.</p>
<div class="lb-trans"><p><strong>杰里米·鲍曼（威富集团）：</strong> 随着整体市场达到历史新高，投资者可能是时候关注那些被打压的、可能被低估的股票。</p>
</div><p>VF Corp. looks like one of those stocks right now. The apparel brand manager, which owns brands like Vans, The North Face, Timberland, and Dickies, has been one of the worst-performing apparel stocks in the market over the last five years. The stock is down about 85% from its peak in 2021.</p>
<div class="lb-trans"><p>威富集团目前看起来就是这样的股票之一。这家服装品牌管理公司拥有 Vans、The North Face、Timberland 和 Dickies 等品牌，在过去五年中一直是市场上表现最差的服装股票之一。该股票自 2021 年峰值以来下跌了约 85%。</p>
</div><p>Weakness at Vans, a dividend cut, and broader headwinds on consumer discretionary products all weighed on the stock, but VF Corp. showed signs of a turnaround in the fiscal Q1 earnings report on Wednesday.</p>
<div class="lb-trans"><p>Vans 的疲软、股息削减以及消费品的整体逆风都对股票造成了压力，但威富集团在周三的财报中显示出转机的迹象。</p>
</div><p>While overall revenue was flat, the company delivered solid growth at all of its core brands except Vans, which is going through a &#34;channel rationalization,&#34; meaning management is reducing the number of distribution points. However, Timberland was up 11%, and The North Face was up 6%. Vans, on the other hand, was down 14%, but the overall business is healthier than it might look.</p>
<div class="lb-trans"><p>尽管整体收入持平，但公司在所有核心品牌（除了 Vans）中都实现了稳健增长，Vans 正在经历 “渠道整合”，这意味着管理层正在减少分销点的数量。然而，Timberland 增长了 11%，The North Face 增长了 6%。另一方面，Vans 下降了 14%，但整体业务比看起来要健康。</p>
</div><p>If management can stabilize Vans and improve profitability, the company should be on good footing. Its adjusted operating loss was much better than expected in Q1, and management's guidance calls for full-year growth in adjusted operating income and free cash flow.</p>
<div class="lb-trans"><p>如果管理层能够稳定 Vans 并改善盈利能力，公司应该会处于良好的基础上。其调整后的营业亏损在第一季度远好于预期，管理层的指引预计全年调整后的营业收入和自由现金流将增长。</p>
</div><p>VF Corp. now trades at a price-to-sales ratio of just 0.5. That gives the stock upside potential if it can achieve a profit margin of just 5%, which would equal a price-to-earnings ratio of just 10 at the current P/S ratio.</p>
<div class="lb-trans"><p>VF Corp. 目前的市销率仅为 0.5。如果它能够实现 5% 的利润率，这将使股票具有上涨潜力，当前的市销率下对应的市盈率仅为 10。</p>
</div><p>For a company with a set of well-known premium brands, that should be achievable. If the turnaround continues to make progress, VF could double or triple from here.</p>
<div class="lb-trans"><p>对于一家拥有一系列知名高端品牌的公司来说，这应该是可以实现的。如果业务的复苏持续取得进展，VF 的股价可能会在此基础上翻倍或三倍。</p>
</div>

3 Top Stocks to Buy With $1,000 in August

- 2025 年股市表现强劲，S&P 500 接近历史新高。  
- 阿里巴巴、Lululemon 和 VF Corp 被认为是值得投资的公司。  
- 阿里巴巴云服务和电商增长显著，Lululemon 在中国市场表现良好。

八月份值得用 1000 美元购买的三只顶级股票