<p>对唐纳德·特朗普总统新关税的恐惧在股市中至少已经减退。四月份的低点已经消失，取而代之的是一个蓬勃发展的牛市，<strong>标准普尔 500 指数</strong> 今年迄今已上涨超过 11%。</p>
<p>下周美联储召开会议并考虑降息时，情况可能会发生变化。如果它最终决定降息，正如它所暗示的那样，市场可能会对这一消息作出积极反应。如果出于某种原因没有降息，或者如果它对经济做出任何负面评估，市场可能会再次下跌。</p>
<p>但这就是市场的生活。总会有不确定性和波动的时期，以及下跌、修正和崩盘。但整体趋势始终向上，今天的投资是对未来的信心投票。</p>
<p>如果你在寻找能够经受市场波动的优秀股票，我推荐 <strong>MercadoLibre</strong>(MELI 0.10%)、<strong>Dutch Bros</strong>(BROS -2.66%) 和 <strong>苹果</strong>(AAPL 1.82%)。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE2MTgvcGVyc29uLWhvbGRpbmctYS1zdGFjay1vZi1kb2xsYXItYmlsbHMuanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE2MTgvcGVyc29uLWhvbGRpbmctYS1zdGFjay1vZi1kb2xsYXItYmlsbHMuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. MercadoLibre：电子商务和金融科技</h2>
<p>对于寻求长期增长的投资者来说，MercadoLibre 是一个毫无疑问的选择。它继续展现出令人难以置信的表现，但还有很大的发展空间。</p>
<p>尽管其主要业务是电子商务，这仍然是一个极其出色的增长驱动因素，但它已经扩展成为一个完整的金融应用。双重关注为其提供了巨大的长期机会。</p>
<p>尽管它的业务几乎与 <strong>亚马逊</strong> 一样久，但它在电子商务方面仍然报告了高增长。其区域市场尚未充分渗透，并且正在从线下零售向线上零售转变。</p>
<p>第二季度总收入同比增长 53%（货币中性），通过其电子商务市场销售的商品总交易量增长了 37%。新活跃客户，即消费者向电子商务转变的基础，同比增长了 35%。管理层正在提升价值主张，使新购物者愿意尝试 MercadoLibre，该服务最近将巴西的免费送货门槛从 79 巴西雷亚尔降低至 19 巴西雷亚尔。它还在更多地融入人工智能，这导致了更高的参与度，此外无限滚动功能也在显示更多信息。</p>
<p>MercadoLibre 的金融科技平台在未充分银行化的社区中具有更大的潜力。它通过其数字钱包 MercadoPago 提供大量金融服务，过去七个季度每月活跃用户的增长率保持在 30% 或更高。</p>
<p>我非常喜欢这家公司的一点是它的市场多样性。它在 18 个拉丁美洲市场运营，而这些市场并不完全相同。去年，它在阿根廷面临压力，阿根廷历史上是其最大市场，但这一点被在巴西和墨西哥这两个其他最大市场的成功所抵消。这种对冲使 MercadoLibre 在某些市场看起来风险较高的情况下仍然保持稳定。</p>
<h2>2. Dutch Bros：在咖啡领域扩展品牌</h2>
<p>Dutch Bros 几乎与 <strong>星巴克</strong> 一样古老，但它是一家集中在俄勒冈州的小型连锁店。尽管多年来一直在缓慢扩张，但当疫情改变咖啡店消费行为时，它做出了聪明的举动，将其自驾咖啡概念推广到全国。</p>
<p>最初的试点项目将连锁店向南扩展到加利福尼亚，取得了极大的成功。公司通过一些非常聪明的决策引入新管理层并尝试新的店面形式，随着向东扩展，取得了巨大的成功。</p>
<p>当你听到咖啡时，可能会想象热腾腾的咖啡杯。但 Dutch Bros 的核心饮品是冷饮和能量饮料。它提供各种口味和配料的定制饮品，并在这个领域开辟了一个重要且不断增长的细分市场。顾客们非常喜欢，未来前景广阔。</p>
<p>结果不言而喻。第二季度收入同比增长 28%，同店销售增长 6.1%。贡献利润率，即衡量门店盈利能力的指标，从 30.8% 提高到 31.1%，调整后的净收入从 3120 万美元上升到 4550 万美元。</p>
<p>投资论点因扩张机会而变得更加引人注目。管理层最近将其长期目标从 4000 家门店提高到 7000 家，是目前门店数量的七倍。</p>
<h2>3. 苹果：不要放弃它</h2>
<p>最后，苹果今天可能看起来像是一个逆势的选择，但其最近停滞的价格意味着在再次飙升之前还有时间购买。</p>
<p>反对者可能会指出增长放缓和对 iPhone 的过度依赖。但苹果并不需要很多产品来产生参与度和高销售额。它已经开发出一个无与伦比的产品生态系统，这些产品相互协作，加上忠实的粉丝，他们热爱其质量并留在这个生态系统中，购买新的升级和配套产品。</p>
<p>最近的一个担忧是它在人工智能（AI）方面未能保持竞争力。它发布了一系列苹果智能服务，但似乎没有找到像许多直接竞争对手那样的突破性 AI 模型。但我认为它很可能会有所突破。</p>
<p>苹果努力做到与众不同，更加出色，其人工智能将反映这一点。最近推出的一项新功能是其 AirPods Pro 耳机能够即时翻译对话。这种创新将使苹果智能脱颖而出。</p>
<p>苹果股票今年下跌了 6%，落后于市场，现在是前瞻性投资者入场的绝佳时机。</p>

BROS

苹果

2 倍做多 AAPL ETF - GraniteShares

苹果每日 1 倍做空 ETF - Direxion

苹果每日 2 倍做多 ETF - Direxion

AAPX

AAPY

APLY

<p>股市正在经历一波牛市，标准普尔 500 指数年初至今上涨超过 11%，尽管市场对美联储可能降息的担忧依然存在。推荐的长期增长股票包括在电子商务和金融科技领域蓬勃发展的 MercadoLibre；扩展其自驾咖啡概念的 Dutch Bros；以及尽管近期停滞但被视为逆势买入的苹果。每家公司都显示出强劲的收入增长和良好的未来前景，使它们在波动的市场中成为稳健的投资选择</p>

<p>Fear over President Donald Trump's new tariffs has subsided, at least in the stock market. April lows have disappeared into a thriving bull market, and the <strong>S&amp;P 500</strong> is up more than 11% year to date.</p>
<div class="lb-trans"><p>对唐纳德·特朗普总统新关税的恐惧在股市中至少已经减退。四月份的低点已经消失，取而代之的是一个蓬勃发展的牛市，<strong>标准普尔 500 指数</strong> 今年迄今已上涨超过 11%。</p>
</div><p>Things could change next week when the Federal Reserve meets and considers an interest rate cut. If it does end up reducing interest rates, which it has indicated that it will, the market is likely to greet the news positively. If for some reason it doesn't, or if it offers any kind of negative assessment of the economy, it could sink the markets again.</p>
<div class="lb-trans"><p>下周美联储召开会议并考虑降息时，情况可能会发生变化。如果它最终决定降息，正如它所暗示的那样，市场可能会对这一消息作出积极反应。如果出于某种原因没有降息，或者如果它对经济做出任何负面评估，市场可能会再次下跌。</p>
</div><p>But that's life in the markets. There are always going to be periods of uncertainty and volatility as well as dips, corrections, and crashes. But the overall arc has always been upward, and investing today is a vote of confidence in the future.</p>
<div class="lb-trans"><p>但这就是市场的生活。总会有不确定性和波动的时期，以及下跌、修正和崩盘。但整体趋势始终向上，今天的投资是对未来的信心投票。</p>
</div><p>If you're looking for excellent stocks that can withstand the oscillations of the market over time, I recommend <strong>MercadoLibre</strong>(MELI 0.10%), <strong>Dutch Bros</strong>(BROS -2.66%), and <strong>Apple</strong>(AAPL 1.82%).</p>
<div class="lb-trans"><p>如果你在寻找能够经受市场波动的优秀股票，我推荐 <strong>MercadoLibre</strong>(MELI 0.10%)、<strong>Dutch Bros</strong>(BROS -2.66%) 和 <strong>苹果</strong>(AAPL 1.82%)。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE2MTgvcGVyc29uLWhvbGRpbmctYS1zdGFjay1vZi1kb2xsYXItYmlsbHMuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831618%2Fperson-holding-a-stack-of-dollar-bills.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>1. MercadoLibre: E-commerce and fintech</h2>
<div class="lb-trans"><h2>1. MercadoLibre：电子商务和金融科技</h2>
</div><p>MercadoLibre is a no-brainer for investors looking for long-term growth. It continues to demonstrate incredible performance, but there's so much further to go.</p>
<div class="lb-trans"><p>对于寻求长期增长的投资者来说，MercadoLibre 是一个毫无疑问的选择。它继续展现出令人难以置信的表现，但还有很大的发展空间。</p>
</div><p>Although its main business is e-commerce, which is still a phenomenal growth driver, it has expanded to become a complete financial app. The dual focus gives it massive long-term opportunities.</p>
<div class="lb-trans"><p>尽管其主要业务是电子商务，这仍然是一个极其出色的增长驱动因素，但它已经扩展成为一个完整的金融应用。双重关注为其提供了巨大的长期机会。</p>
</div><p>Despite having been in business almost as long as <strong>Amazon</strong>, it still reports high growth in e-commerce. Its region is underpenetrated, and it's generating a shift from offline retail to online retail.</p>
<div class="lb-trans"><p>尽管它的业务几乎与 <strong>亚马逊</strong> 一样久，但它在电子商务方面仍然报告了高增长。其区域市场尚未充分渗透，并且正在从线下零售向线上零售转变。</p>
</div><p>Total revenue increased 53% year over year (currency neutral) in the second quarter, and gross merchandise volume of goods sold through its e-commerce marketplace increased 37%. New active customers, the foundation of the consumer shift to e-commerce, increased 35% over last year. Management is upgrading the value proposition to make it worthwhile for new shoppers to try MercadoLibre, and the service recently lowered its threshold for free shipping in Brazil from 79 Brazilian reals to 19. It's also incorporating more artificial intelligence, and that's leading to higher engagement, as is infinite scroll, which displays more information on a screen.</p>
<div class="lb-trans"><p>第二季度总收入同比增长 53%（货币中性），通过其电子商务市场销售的商品总交易量增长了 37%。新活跃客户，即消费者向电子商务转变的基础，同比增长了 35%。管理层正在提升价值主张，使新购物者愿意尝试 MercadoLibre，该服务最近将巴西的免费送货门槛从 79 巴西雷亚尔降低至 19 巴西雷亚尔。它还在更多地融入人工智能，这导致了更高的参与度，此外无限滚动功能也在显示更多信息。</p>
</div><p>MercadoLibre's fintech platform has even greater potential in underbanked communities. It offers a large assortment of financial services through its digital wallet, MercadoPago, and growth in monthly active users has been at 30% or higher for the past seven quarters.</p>
<div class="lb-trans"><p>MercadoLibre 的金融科技平台在未充分银行化的社区中具有更大的潜力。它通过其数字钱包 MercadoPago 提供大量金融服务，过去七个季度每月活跃用户的增长率保持在 30% 或更高。</p>
</div><p>Another feature I like a lot about this company is its varied markets. It operates in 18 Latin American markets, and they're not all the same. Last year, it was experiencing pressure in Argentina, historically its largest market, but that was offset by success in Brazil and Mexico, its other two largest markets. That kind of hedge gives MercadoLibre stability even as some of its markets look risky.</p>
<div class="lb-trans"><p>我非常喜欢这家公司的一点是它的市场多样性。它在 18 个拉丁美洲市场运营，而这些市场并不完全相同。去年，它在阿根廷面临压力，阿根廷历史上是其最大市场，但这一点被在巴西和墨西哥这两个其他最大市场的成功所抵消。这种对冲使 MercadoLibre 在某些市场看起来风险较高的情况下仍然保持稳定。</p>
</div><h2>2. Dutch Bros: Growing its brand in coffee</h2>
<div class="lb-trans"><h2>2. Dutch Bros：在咖啡领域扩展品牌</h2>
</div><p>Dutch Bros is almost as old as <strong>Starbucks</strong>, but it's been a small chain concentrated in Oregon. Although it's been expanding slowly for years, it made a clever move when the pandemic shifted coffee shop consumption behaviors to ride the tide and take its drive-thru coffee concept national.</p>
<div class="lb-trans"><p>Dutch Bros 几乎与 <strong>星巴克</strong> 一样古老，但它是一家集中在俄勒冈州的小型连锁店。尽管多年来一直在缓慢扩张，但当疫情改变咖啡店消费行为时，它做出了聪明的举动，将其自驾咖啡概念推广到全国。</p>
</div><p>The original pilot, bringing the chain south through California, was extremely successful. The company took it up a notch with some very smart decisions to bring in new management and try new store formats as it keeps moving east, and it's been a roaring success.</p>
<div class="lb-trans"><p>最初的试点项目将连锁店向南扩展到加利福尼亚，取得了极大的成功。公司通过一些非常聪明的决策引入新管理层并尝试新的店面形式，随着向东扩展，取得了巨大的成功。</p>
</div><p>When you hear coffee, you might be envisioning steaming hot cups. But Dutch Bros' core beverages are cold drinks and energy drinks. It offers customized beverages featuring all kinds of flavors and shots, and it has carved out a significant and growing niche in this space. Customers love it, and the future looks wide open.</p>
<div class="lb-trans"><p>当你听到咖啡时，可能会想象热腾腾的咖啡杯。但 Dutch Bros 的核心饮品是冷饮和能量饮料。它提供各种口味和配料的定制饮品，并在这个领域开辟了一个重要且不断增长的细分市场。顾客们非常喜欢，未来前景广阔。</p>
</div><p>The results speak for themselves. Revenue increased 28% year over year in the second quarter, driven by a 6.1% increase in same-store sales. Contribution margin, which measures store profitability, improved from 30.8% to 31.1%, and adjusted net income rose from $31.2 million to $45.5 million.</p>
<div class="lb-trans"><p>结果不言而喻。第二季度收入同比增长 28%，同店销售增长 6.1%。贡献利润率，即衡量门店盈利能力的指标，从 30.8% 提高到 31.1%，调整后的净收入从 3120 万美元上升到 4550 万美元。</p>
</div><p>The investing thesis is made even more compelling by the expansion opportunities. Management recently raised its long-term goal from 4,000 stores to 7,000, a sevenfold increase from today's store count.</p>
<div class="lb-trans"><p>投资论点因扩张机会而变得更加引人注目。管理层最近将其长期目标从 4000 家门店提高到 7000 家，是目前门店数量的七倍。</p>
</div><h2>3. Apple: Don't give up on it</h2>
<div class="lb-trans"><h2>3. 苹果：不要放弃它</h2>
</div><p>Finally, Apple might seem like a contrarian call today, but its recently stagnating price means that there's time to buy before it starts to soar again.</p>
<div class="lb-trans"><p>最后，苹果今天可能看起来像是一个逆势的选择，但其最近停滞的价格意味着在再次飙升之前还有时间购买。</p>
</div><p>The naysayers might point to slowing growth and too much dependence on the iPhone. But Apple doesn't need a lot of products to generate engagement and high sales. It has developed an incomparable ecosystem of products that work together, plus loyal fans who love its quality and stay in that ecosystem, buying new upgrades and complementary products.</p>
<div class="lb-trans"><p>反对者可能会指出增长放缓和对 iPhone 的过度依赖。但苹果并不需要很多产品来产生参与度和高销售额。它已经开发出一个无与伦比的产品生态系统，这些产品相互协作，加上忠实的粉丝，他们热爱其质量并留在这个生态系统中，购买新的升级和配套产品。</p>
</div><p>One recent concern has been that it's not staying competitive in artificial intelligence (AI). It has released a slew of Apple Intelligence services, but it doesn't seem to have found a breakout AI model like many of its most direct competitors. But I think it's highly likely that it will come through.</p>
<div class="lb-trans"><p>最近的一个担忧是它在人工智能（AI）方面未能保持竞争力。它发布了一系列苹果智能服务，但似乎没有找到像许多直接竞争对手那样的突破性 AI 模型。但我认为它很可能会有所突破。</p>
</div><p>Apple strives to be different, and better, and its AI will reflect that. One recent development just launched for its AirPods Pro earbuds is the ability to translate conversations on the spot. This is the kind of innovation that will make Apple Intelligence stand out.</p>
<div class="lb-trans"><p>苹果努力做到与众不同，更加出色，其人工智能将反映这一点。最近推出的一项新功能是其 AirPods Pro 耳机能够即时翻译对话。这种创新将使苹果智能脱颖而出。</p>
</div><p>Apple stock is down 6% this year, trailing the market, and now is a great time for the forward-thinking investor to take a position.</p>
<div class="lb-trans"><p>苹果股票今年下跌了 6%，落后于市场，现在是前瞻性投资者入场的绝佳时机。</p>
</div>

My 3 Favorite Stocks to Buy Right Now

- 市场对特朗普新关税的恐惧已减弱，标普 500 指数年初至今上涨超过 11%。  
- 如果美联储下周降息，市场可能会积极反应，反之则可能下跌。  
- 推荐的股票包括 MercadoLibre、Dutch Bros 和 Apple，均展现出长期增长潜力。

我目前最喜欢购买的三只股票