<p>沃伦·巴菲特在 2025 年第二季度购买了 12 只股票。这是这位传奇投资者相当长一段时间以来的最大购买量。虽然巴菲特连续第 11 个季度净卖出股票，但他购买活动的增加似乎是一个积极的信号。</p>
<p>请记住，巴菲特的购买是在两个月前进行的。今天，他的 <strong>伯克希尔哈撒韦</strong>(BRK.A -0.09%)(BRK.B -0.20%) 投资组合中哪些股票是最佳购买选择？在我看来，这里有三只毫无疑问的巴菲特股票值得现在购买。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1MzkvYnVmZmV0dDIxLXRtZi5wbmcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1MzkvYnVmZmV0dDIxLXRtZi5wbmcmdz03MDA"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>1. 亚马逊</h2>
<p>我几乎可以把 <strong>亚马逊</strong>(AMZN 1.04%) 列入毫无疑问的巴菲特股票名单，几乎随时都可以。我认为这家公司的长期前景实在是太好了。</p>
<p>亚马逊以其电子商务业务而闻名。尽管它在电子商务市场占据主导地位，但仍有很大的增长空间。正如首席执行官安迪·贾西去年所解释的，亚马逊在全球零售市场的份额仅约为 1%。贾西补充说，大多数零售销售仍然是在实体店进行的，但他预测，未来 10 到 20 年电子商务将会取得显著进展。我同意这一评估，并预计亚马逊将是这一趋势的最大受益者。</p>
<p>然而，电子商务并不是亚马逊最大的机会。这个荣誉属于公司的亚马逊网络服务（AWS）部门。虽然有些人可能对人工智能（AI）热潮持怀疑态度，但我并不这样认为。我相信我们仍然处于人工智能改变商业（以及整个世界）的早期阶段。我完全预期，作为云服务提供商中的市场领导者，AWS 将在人工智能普及的过程中继续实现强劲增长。</p>
<p>最后，我认为亚马逊将继续做自 1990 年代以来一直在做的事情：寻找新的市场进行征服。卫星互联网服务可能是下一个，亚马逊计划在今年开始商业化其库柏项目卫星的能力。</p>
<h2>2. 美国运通</h2>
<p>巴菲特在 <strong>美国运通</strong>(AXP -0.31%) 的持股时间比伯克希尔投资组合中的几乎所有其他股票都要长。我认为这家金融服务巨头现在是一个很好的选择，原因有很多。</p>
<p>如果美联储下周降低利率，美国运通将受益。诚然，巴菲特持有的许多股票在这种情况下也可能享受良好的催化剂，尤其是如果降息幅度超出预期。然而，信用卡公司应该是低利率的明显受益者。</p>
<p>如果美联储不降息呢？美国运通对富裕客户的关注应该能防止其股价过度下跌，因为富裕客户的消费往往比低收入消费者更具韧性。</p>
<p>美国运通的估值也出奇地有吸引力。其前瞻市盈率仅为 18.6，考虑到许多股票的交易倍数处于高位，这实在令人耳目一新。</p>
<h2>3. 伯克希尔哈撒韦</h2>
<p>巴菲特在最近几个季度没有授权伯克希尔哈撒韦进行任何股票回购。这是否意味着其他投资者应该远离？我并不这样认为。</p>
<p>你可能注意到，伯克希尔的股票在今年早些时候表现异常良好，而整体股市并没有上涨。我怀疑许多投资者将这家综合企业视为避风港。他们也知道巴菲特积累了大量现金储备，可以在市场下跌时加以利用。如果股市在接下来的六个月内大幅回调（我认为这很容易发生），伯克希尔可能再次成为许多风险厌恶型投资者的最爱。</p>
<p>即使没有市场波动，伯克希尔哈撒韦在长期内仍然是一只优秀的股票。它提供的多样化几乎与一些交易所交易基金（ETF）一样好，其子公司和股权投资代表了广泛的行业和领域。</p>
<p>那么，关于巴菲特将在年末卸任首席执行官并将接力棒交给格雷格·阿贝尔的担忧呢？我的回答是听听 “奥马哈的先知” 自己对此的看法。在伯克希尔的股东大会上，他表示：“我认为伯克希尔在格雷格的管理下前景会比在我手下更好。”</p>

伯克希尔哈撒韦-B

伯克希尔哈撒韦-A

美国运通

亚马逊

南方两倍做多伯克希尔

亚马逊每日 2 倍做多 ETF - Direxion

<p>沃伦·巴菲特在 2025 年第二季度增加了股票购买，尽管连续 11 个季度为净卖出，但这表明了一个积极的趋势。他投资组合中推荐的三只股票包括：1）亚马逊，受益于电子商务增长和 AWS 扩展；2）美国运通，预计将从潜在的美联储降息和富裕客户支出的韧性中获益；3）伯克希尔哈撒韦，尽管近期没有回购，但被视为一个安全的避风港，具有强劲的长期前景和多元化。巴菲特向格雷格·阿贝尔过渡为首席执行官，预计将提升伯克希尔的未来</p>

<p>Warren Buffett bought 12 stocks in the second quarter of 2025. That's more buying than the legendary investor has done in quite a while. Sure, Buffett was a net seller of stocks for the 11th consecutive quarter. However, an increase in his buying activity seems to be a positive sign.</p>
<div class="lb-trans"><p>沃伦·巴菲特在 2025 年第二季度购买了 12 只股票。这是这位传奇投资者相当长一段时间以来的最大购买量。虽然巴菲特连续第 11 个季度净卖出股票，但他购买活动的增加似乎是一个积极的信号。</p>
</div><p>Keep in mind that Buffett's purchases were made more than two months ago, at the latest. Which of the stocks in his <strong>Berkshire Hathaway</strong>(BRK.A -0.09%)(BRK.B -0.20%) portfolio are the best picks to buy today? Here are three no-brainer Buffett stocks to buy right now, in my opinion.</p>
<div class="lb-trans"><p>请记住，巴菲特的购买是在两个月前进行的。今天，他的 <strong>伯克希尔哈撒韦</strong>(BRK.A -0.09%)(BRK.B -0.20%) 投资组合中哪些股票是最佳购买选择？在我看来，这里有三只毫无疑问的巴菲特股票值得现在购买。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1MzkvYnVmZmV0dDIxLXRtZi5wbmcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832539%2Fbuffett21-tmf.png&amp;op=resize&amp;w=700"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>1. Amazon</h2>
<div class="lb-trans"><h2>1. 亚马逊</h2>
</div><p>I could probably put <strong>Amazon</strong>(AMZN 1.04%) on the list of no-brainer Buffett stocks to buy pretty much all the time. I think the company's long-term prospects are simply that good.</p>
<div class="lb-trans"><p>我几乎可以把 <strong>亚马逊</strong>(AMZN 1.04%) 列入毫无疑问的巴菲特股票名单，几乎随时都可以。我认为这家公司的长期前景实在是太好了。</p>
</div><p>Amazon is best known for its e-commerce business. Even though it dominates the e-commerce market, there's still plenty of room for growth. As CEO Andy Jassy explained last year, Amazon only claims around a 1% share of the global retail market. Jassy added that most retail sales are still made in brick-and-mortar stores, but he predicts that e-commerce will make significant inroads over the next 10 to 20 years. I agree with that assessment and expect that Amazon will be the biggest beneficiary of the trend.</p>
<div class="lb-trans"><p>亚马逊以其电子商务业务而闻名。尽管它在电子商务市场占据主导地位，但仍有很大的增长空间。正如首席执行官安迪·贾西去年所解释的，亚马逊在全球零售市场的份额仅约为 1%。贾西补充说，大多数零售销售仍然是在实体店进行的，但他预测，未来 10 到 20 年电子商务将会取得显著进展。我同意这一评估，并预计亚马逊将是这一趋势的最大受益者。</p>
</div><p>E-commerce isn't Amazon's biggest opportunity, though. That honor goes to the company's Amazon Web Services (AWS) unit. Some might be skeptical about the artificial intelligence (AI) boom, but I'm not. I believe we're still only in the early innings of AI's transformation of business (and the world, in general). I fully expect that AWS, currently the market leader among cloud service providers, will continue to deliver strong growth as AI adoption surges.</p>
<div class="lb-trans"><p>然而，电子商务并不是亚马逊最大的机会。这个荣誉属于公司的亚马逊网络服务（AWS）部门。虽然有些人可能对人工智能（AI）热潮持怀疑态度，但我并不这样认为。我相信我们仍然处于人工智能改变商业（以及整个世界）的早期阶段。我完全预期，作为云服务提供商中的市场领导者，AWS 将在人工智能普及的过程中继续实现强劲增长。</p>
</div><p>Finally, I think that Amazon will continue to do what it has been doing since the 1990s: finding new markets to conquer. Satellite internet service could be next up, with Amazon planning to begin commercializing its Project Kuiper satellites' capabilities this year.</p>
<div class="lb-trans"><p>最后，我认为亚马逊将继续做自 1990 年代以来一直在做的事情：寻找新的市场进行征服。卫星互联网服务可能是下一个，亚马逊计划在今年开始商业化其库柏项目卫星的能力。</p>
</div><h2>2. American Express</h2>
<div class="lb-trans"><h2>2. 美国运通</h2>
</div><p>Buffett has owned a stake in <strong>American Express</strong>(AXP -0.31%) for longer than nearly any other stock in Berkshire's portfolio. I view the financial services giant as a great pick right now for several reasons.</p>
<div class="lb-trans"><p>巴菲特在 <strong>美国运通</strong>(AXP -0.31%) 的持股时间比伯克希尔投资组合中的几乎所有其他股票都要长。我认为这家金融服务巨头现在是一个很好的选择，原因有很多。</p>
</div><p>American Express should benefit if the Federal Reserve reduces interest rates next week. Granted, quite a few stocks that Buffett owns will also likely enjoy solid catalysts if this happens, especially if the rate cut is bigger than expected. However, credit card companies should be clear winners from lower interest rates.</p>
<div class="lb-trans"><p>如果美联储下周降低利率，美国运通将受益。诚然，巴菲特持有的许多股票在这种情况下也可能享受良好的催化剂，尤其是如果降息幅度超出预期。然而，信用卡公司应该是低利率的明显受益者。</p>
</div><p>What if the Fed doesn't cut rates? AmEx's focus on affluent customers should prevent its share price from sinking too much, since spending for wealthier customers tends to be more resilient than lower-income consumers.</p>
<div class="lb-trans"><p>如果美联储不降息呢？美国运通对富裕客户的关注应该能防止其股价过度下跌，因为富裕客户的消费往往比低收入消费者更具韧性。</p>
</div><p>American Express' valuation is also surprisingly attractive. Its forward price-to-earnings ratio is only 18.6, which is downright refreshing considering how many stocks trade at premium multiples.</p>
<div class="lb-trans"><p>美国运通的估值也出奇地有吸引力。其前瞻市盈率仅为 18.6，考虑到许多股票的交易倍数处于高位，这实在令人耳目一新。</p>
</div><h2>3. Berkshire Hathaway</h2>
<div class="lb-trans"><h2>3. 伯克希尔哈撒韦</h2>
</div><p>Buffett hasn't authorized any stock buybacks for Berkshire Hathaway in recent quarters. Does that mean that other investors should stay away? I don't think so.</p>
<div class="lb-trans"><p>巴菲特在最近几个季度没有授权伯克希尔哈撒韦进行任何股票回购。这是否意味着其他投资者应该远离？我并不这样认为。</p>
</div><p>You might have noticed that Berkshire's stock performed exceptionally well earlier this year when the overall stock market wasn't rising. I suspect that many investors view the conglomerate as a safe haven. They also know that Buffett has amassed a massive cash stockpile that could be put to use during a market downturn. If the stock market does pull back significantly (something that I think could easily happen over the next six months), Berkshire could again become a favorite for many risk-averse investors.</p>
<div class="lb-trans"><p>你可能注意到，伯克希尔的股票在今年早些时候表现异常良好，而整体股市并没有上涨。我怀疑许多投资者将这家综合企业视为避风港。他们也知道巴菲特积累了大量现金储备，可以在市场下跌时加以利用。如果股市在接下来的六个月内大幅回调（我认为这很容易发生），伯克希尔可能再次成为许多风险厌恶型投资者的最爱。</p>
</div><p>Even if there are no market hiccups, though, Berkshire Hathaway remains an excellent stock to own over the long term. It offers diversification that's almost as good as some exchange-traded funds (ETFs), with its subsidiaries and equity holdings representing a broad array of sectors and industries.</p>
<div class="lb-trans"><p>即使没有市场波动，伯克希尔哈撒韦在长期内仍然是一只优秀的股票。它提供的多样化几乎与一些交易所交易基金（ETF）一样好，其子公司和股权投资代表了广泛的行业和领域。</p>
</div><p>What about concerns that Buffett is stepping down as CEO at year-end and passing the baton to Greg Abel? My answer is to listen to what the &#34;Oracle of Omaha&#34; said about that himself. In Berkshire's shareholder meeting in May, he stated, &#34;I think the prospects of Berkshire will be better under Greg's management than mine.&#34;</p>
<div class="lb-trans"><p>那么，关于巴菲特将在年末卸任首席执行官并将接力棒交给格雷格·阿贝尔的担忧呢？我的回答是听听 “奥马哈的先知” 自己对此的看法。在伯克希尔的股东大会上，他表示：“我认为伯克希尔在格雷格的管理下前景会比在我手下更好。”</p>
</div>

3 No-Brainer Warren Buffett Stocks to Buy Right Now

- 巴菲特在 2025 年第二季度购买了 12 只股票，显示出买入活动增加。  
- 主要推荐的股票包括亚马逊、美国运通和伯克希尔哈撒韦。  
- 这些股票在市场波动中被视为安全投资，长期前景乐观。  

3 只值得立即买入的沃伦·巴菲特股票