<p>尝试在股票低点买入的问题在于，只有在股票已经触底之后，你才能知道它是否真的触底。在抛售过程中，无法知道它最终会跌到多低，直到在触底并稳定之后很久。</p>
<p><strong>联合健康集团</strong>（UNH 1.91%）的股票今年大幅下跌，期间创下新低。然而，最近它开始反弹，似乎状况有所好转。是什么导致了该股票近期价值的激增？这是否意味着现在买入是安全的？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQwOTMvZnJ1c3RyYXRlZC1wZXJzb24tc2l0dGluZy1uZWFyLXRoZWlyLWNvbXB1dGVyLWhvbGRpbmctdGhlaXItbm9zZS5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQwOTMvZnJ1c3RyYXRlZC1wZXJzb24tc2l0dGluZy1uZWFyLXRoZWlyLWNvbXB1dGVyLWhvbGRpbmctdGhlaXItbm9zZS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>联合健康的业务是否终于显示出稳定的迹象？</h2>
<p>这家领先的健康保险公司在过去几个月中面临多重挑战，包括首席执行官更换和季度业绩不佳。但几周前，它透露了对未来一年的乐观展望。</p>
<p>根据初步评估，该公司预计到 2026 年，约 78% 的会员将加入高评级的医疗保险计划（至少四星）。加入高评级计划确保了来自政府的更大支付。在宣布这一令人安心的预测时，给投资者带来了一些信心，表明业务走在正确的轨道上。</p>
<p>联合健康还重申了 2025 年的调整后每股收益预测。今年 7 月，它表示调整后的每股利润将至少为 16 美元。尽管这一数字远低于华尔街接近 21 美元的预期，但仍然有望达到当前的指导方针，至少表明医疗公司可能不会变得更糟。</p>
<h2>自从获得伯克希尔哈撒韦的投资以来，股票表现良好</h2>
<p>自 8 月中旬以来，联合健康的表现相当不错，当时投资者得知 <strong>伯克希尔哈撒韦</strong> 购买了 500 万股该公司的股票。沃伦·巴菲特所经营的公司专注于价值股票，并利用估值较低的机会。这促使许多投资者跟风购买联合健康的股票，推动了小幅反弹。</p>
<p>在这一消息之前，这只医疗股票徘徊在 270 美元左右，而截至上周末，它的收盘价超过 336 美元。自那时以来，联合健康表现良好，最新的发展表明情况已经稳定，可能会进一步让投资者放心，股票的抛售可能终于结束。</p>
<p>联合健康在过去 12 个月中报告了 213 亿美元的利润，仍然是一只强劲的蓝筹股。</p>
<h2>联合健康的股票是否已经触底？</h2>
<p>即使在股票近期反弹的情况下，联合健康在过去 12 个月中仍然下跌超过 40%。它的交易价格接近其过去收益的 15 倍，仍然是一只相对便宜的股票。</p>
<p>好消息是，由于大量负面因素已经有效地反映在股票价格中，目前可能没有太多下行风险。当然，股票可能会进一步下跌，但我认为这种可能性不大。除非出现令人担忧的新发展，否则我相信它在今年早些时候触及 234.60 美元的低点时确实已经触底。我不认为它会再次跌到那个低点，因为市场显然对围绕该公司的大量坏消息反应过度。</p>
<p>如果你是长期投资者，现在可能是大量购买联合健康股票的好时机，特别是其 2.6% 的股息收益率高于 <strong>标准普尔 500</strong> 的平均水平，仅为 1.2%。</p>

联合健康

<p>联合健康集团的股票今年经历了显著下跌，但正在显示出复苏的迹象。该公司最近对 2026 年提供了积极的展望，预计 78% 的成员将加入高评级的医疗保险计划，这可能会导致政府支付的增加。在伯克希尔哈撒韦的投资后，股价从约 270 美元上涨至 336 美元以上。尽管过去一年下跌了 40%，分析师认为该股票可能已经触底，成为长期投资者潜在的吸引力买入选择，特别是其股息收益率为 2.6%</p>

<p>The problem with trying to buy a stock at its low is that you'll only know whether it has bottomed out <em>after</em> it has done so. When it's in the midst of a sell-off, it's impossible to know how low it'll end up going, until well after it has hit a low and has stabilized.</p>
<div class="lb-trans"><p>尝试在股票低点买入的问题在于，只有在股票已经触底之后，你才能知道它是否真的触底。在抛售过程中，无法知道它最终会跌到多低，直到在触底并稳定之后很久。</p>
</div><p><strong>UnitedHealth Group</strong>(UNH 1.91%) stock has been falling sharply this year, hitting new lows along the way. Recently, however, it has been rallying and it looks to be in better shape. What's behind the stock's recent surge in value, and could it be confirmation that it's safe to buy it right now?</p>
<div class="lb-trans"><p><strong>联合健康集团</strong>（UNH 1.91%）的股票今年大幅下跌，期间创下新低。然而，最近它开始反弹，似乎状况有所好转。是什么导致了该股票近期价值的激增？这是否意味着现在买入是安全的？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQwOTMvZnJ1c3RyYXRlZC1wZXJzb24tc2l0dGluZy1uZWFyLXRoZWlyLWNvbXB1dGVyLWhvbGRpbmctdGhlaXItbm9zZS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F834093%2Ffrustrated-person-sitting-near-their-computer-holding-their-nose.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>Is UnitedHealth's business finally showing signs of stability?</h2>
<div class="lb-trans"><h2>联合健康的业务是否终于显示出稳定的迹象？</h2>
</div><p>The leading health insurance company has been battling multiple headwinds over the past several months, including a change in CEO and underwhelming quarterly results. But a few weeks ago it revealed an encouraging outlook for the year ahead.</p>
<div class="lb-trans"><p>这家领先的健康保险公司在过去几个月中面临多重挑战，包括首席执行官更换和季度业绩不佳。但几周前，它透露了对未来一年的乐观展望。</p>
</div><p>For 2026, the company expects, based on a preliminary review, that approximately 78% of its members will be in highly rated Medicare plans (at least four stars). Being on high-rated plans ensures larger payments from the government. And in announcing the reassuring forecast, that gives investors some confidence that the business is on the right track.</p>
<div class="lb-trans"><p>根据初步评估，该公司预计到 2026 年，约 78% 的会员将加入高评级的医疗保险计划（至少四星）。加入高评级计划确保了来自政府的更大支付。在宣布这一令人安心的预测时，给投资者带来了一些信心，表明业务走在正确的轨道上。</p>
</div><p>UnitedHealth also reaffirmed its adjusted earnings per share forecast for 2025. In July, it said its adjusted per-share profit will be at least $16. While that was well below Wall Street estimates of nearly $21, being on track to still meet its current guidance is at least a positive sign that perhaps things may not be getting any <em>worse</em> for the healthcare company.</p>
<div class="lb-trans"><p>联合健康还重申了 2025 年的调整后每股收益预测。今年 7 月，它表示调整后的每股利润将至少为 16 美元。尽管这一数字远低于华尔街接近 21 美元的预期，但仍然有望达到当前的指导方针，至少表明医疗公司可能不会变得更糟。</p>
</div><h2>The stock has been doing well since receiving an investment from Berkshire Hathaway</h2>
<div class="lb-trans"><h2>自从获得伯克希尔哈撒韦的投资以来，股票表现良好</h2>
</div><p>UnitedHealth has already been performing fairly well since mid-August, when investors learned that <strong>Berkshire Hathaway</strong> bought 5 million shares of the business. The company, which Warren Buffett runs, focuses on value stocks and takes advantage of opportunities where valuations are low. That prompted many investors to follow suit and also buy shares of UnitedHealth, prompting a bit of a rally.</p>
<div class="lb-trans"><p>自 8 月中旬以来，联合健康的表现相当不错，当时投资者得知 <strong>伯克希尔哈撒韦</strong> 购买了 500 万股该公司的股票。沃伦·巴菲特所经营的公司专注于价值股票，并利用估值较低的机会。这促使许多投资者跟风购买联合健康的股票，推动了小幅反弹。</p>
</div><p>Before the news, the healthcare stock was hovering around $270, and as of the end of last week, it closed at more than $336. UnitedHealth has been doing well since then and the latest developments suggesting that things have stabilized could provide investors with further reassurance that the stock's sell-off may finally be over.</p>
<div class="lb-trans"><p>在这一消息之前，这只医疗股票徘徊在 270 美元左右，而截至上周末，它的收盘价超过 336 美元。自那时以来，联合健康表现良好，最新的发展表明情况已经稳定，可能会进一步让投资者放心，股票的抛售可能终于结束。</p>
</div><p>UnitedHealth has reported $21.3 billion in profit over the trailing 12 months and remains a strong blue chip stock.</p>
<div class="lb-trans"><p>联合健康在过去 12 个月中报告了 213 亿美元的利润，仍然是一只强劲的蓝筹股。</p>
</div><h2>Has UnitedHealth stock bottomed out?</h2>
<div class="lb-trans"><h2>联合健康的股票是否已经触底？</h2>
</div><p>Even with the stock's recent rally, UnitedHealth remains down more than 40% over the past 12 months. It's trading at close to 15 times its trailing earnings and is still a fairly cheap stock to own.</p>
<div class="lb-trans"><p>即使在股票近期反弹的情况下，联合健康在过去 12 个月中仍然下跌超过 40%。它的交易价格接近其过去收益的 15 倍，仍然是一只相对便宜的股票。</p>
</div><p>The good news is that with a lot of negativity effectively priced into the stock, there may not be a whole lot more downside risk at this point. Of course, it's always possible that the stock goes lower, but I don't think it's all that probable. Unless there's a concerning new development around the business, I believe it may indeed have bottomed out when it reached a low of $234.60 earlier this year. I don't expect it'll get to those lows again as the market arguably overreacted to a flurry of bad news surrounding the business.</p>
<div class="lb-trans"><p>好消息是，由于大量负面因素已经有效地反映在股票价格中，目前可能没有太多下行风险。当然，股票可能会进一步下跌，但我认为这种可能性不大。除非出现令人担忧的新发展，否则我相信它在今年早些时候触及 234.60 美元的低点时确实已经触底。我不认为它会再次跌到那个低点，因为市场显然对围绕该公司的大量坏消息反应过度。</p>
</div><p>If you're a long-term investor, now can be a great time to load up on UnitedHealth's stock, especially with its dividend yield being an attractive rate of 2.6%,which is higher than the <strong>S&amp;P 500</strong>'s average of only 1.2%.</p>
<div class="lb-trans"><p>如果你是长期投资者，现在可能是大量购买联合健康股票的好时机，特别是其 2.6% 的股息收益率高于 <strong>标准普尔 500</strong> 的平均水平，仅为 1.2%。</p>
</div>

联合健康集团的股票是否已经度过了最糟糕的时期？