<p>近年来，<strong>标准普尔 500 指数</strong> 因对人工智能（AI）股票的热情而飙升。投资者纷纷涌入这些令人兴奋的成长故事。然而，最近专注于 AI 的公司经历了一些逆风，从对经济环境的普遍担忧到对 AI 支出水平的担忧。这对一些公司的表现造成了压力，并促使某些投资者寻找其他增长机会。</p>
<p>AI 的故事显然还没有结束。对 AI 产品和服务的需求仍然很高，这项技术才刚刚开始在现实世界中应用，预示着未来的盈利增长潜力。但寻求另一种增长主题的投资者，可能会转向某些消费品公司，这些公司可能提供更稳定的增长。</p>
<p><strong>亚马逊</strong>( AMZN 1.88%)、<strong>沃尔玛</strong>( WMT +1.49%) 和 <strong>开市客</strong>( COST +1.44%) 是绝佳的选择。但在这三者中，哪一个是下半年的最佳购买选择呢？让我们来看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NjkwMi9lLWNvbW1lcmNlLWRlbGl2ZXJ5LW9ubGluZS1zaG9wcGluZy5qcGcWdz0zODQwFm9wPXJlc2l6ZQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NjkwMi9lLWNvbW1lcmNlLWRlbGl2ZXJ5LW9ubGluZS1zaG9wcGluZy5qcGcWdz0zODQwFm9wPXJlc2l6ZQ"/></p>
<p>图片来源：Getty Images。</p>
<h2>支持亚马逊的理由</h2>
<p>亚马逊实际上是一只 AI 股票，这要归功于其亚马逊网络服务（AWS）云计算部门——该部门向客户提供 AI 产品和服务，这使得 AWS 的年收入达到了 1500 亿美元的运行率。但该公司也是一家 电子商务巨头，向客户销售日用品、一般商品，甚至包括书籍和电影等娱乐产品。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvQU1aTi5wbmcWdz0xMjgWb3A9cmVzaXpl?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="亚马逊股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvQU1aTi5wbmcWdz0xMjgWb3A9cmVzaXpl"/></p>
<h2>NASDAQ: AMZN</h2>
<p>亚马逊</p>
<p>今日变动</p>
<p>(-1.88%) $-4.62</p>
<p>当前价格</p>
<p>$241.36</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$2.6T 市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。</p>
<p>日内区间</p>
<p>$240.89 - $244.85</p>
<p>52 周区间</p>
<p>$196.00 - $278.56</p>
<p>成交量</p>
<p>447K</p>
<p>平均成交量</p>
<p>51.4M</p>
<p>毛利率</p>
<p>50.60%</p>
<p>这家电子商务公司在盈利能力方面建立了显著的业绩记录。由于亚马逊在几年前对其成本结构进行了重组，未来几个季度的盈利可能会更强。该公司裁减了一些职位，将其美国履行系统从全国模式转变为区域模式，并采取其他措施以提高盈利能力。</p>
<p>亚马逊对快速交付的关注、广泛的产品范围以及全球的存在，应该能让客户不断回归，推动盈利增长。</p>
<h2>支持开市客的理由</h2>
<p>我最喜欢开市客商业模式的一点是，作为客户，你在进入仓库购物之前就为公司创造了收入。这是通过会员费实现的，而这些费用对公司来说是高利润的——实际上推动了开市客的利润增长。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvQ09TVC5wbmcWdz0xMjgWb3A9cmVzaXpl?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="开市客股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvQ09TVC5wbmcWdz0xMjgWb3A9cmVzaXpl"/></p>
<h2>NASDAQ: COST</h2>
<p>开市客</p>
<p>今日变动</p>
<p>(1.44%) $13.61</p>
<p>当前价格</p>
<p>$961.11</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$420B 市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。</p>
<p>日内区间</p>
<p>$948.08 - $966.48</p>
<p>52 周区间</p>
<p>$844.06 - $1096.50</p>
<p>成交量</p>
<p>18.8K</p>
<p>平均成交量</p>
<p>2.3M</p>
<p>毛利率</p>
<p>12.88%</p>
<p>股息收益率</p>
<p>0.57%</p>
<p>更令人振奋的是，开市客的续费率极高。在公司最大的市场美国和加拿大，续费率每季度超过 90%。这非常棒，因为它为我们提供了未来盈利的可见性。会员模式也很棒，因为一旦购物者支付了费用，他们会希望摊销这笔费用——因此他们可能会尽可能多地在开市客购物。</p>
<p>所有这些都帮助这家仓储巨头随着时间的推移增加了盈利——而这种商业模式也为开市客的长期胜利奠定了基础。</p>
<h2>支持沃尔玛的理由</h2>
<p>沃尔玛专注于低价格，使其成为客户的最爱，并在任何市场环境中都具有优势。该公司在数字销售等领域也取得了进展——这有助于其与亚马逊竞争——以及会员制——这有助于其与开市客竞争。在最近一个季度，全球电子商务销售增长了 26%，会员费收入增长了 17%。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvV01ULnBuZxZ3PTEyOBZvcD1yZXNpemU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="沃尔玛股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvV01ULnBuZxZ3PTEyOBZvcD1yZXNpemU"/></p>
<h2>NASDAQ: WMT</h2>
<p>沃尔玛</p>
<p>今日变动</p>
<p>(1.49%) $1.66</p>
<p>当前价格</p>
<p>$113.20</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$888B 市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。</p>
<p>日内区间</p>
<p>$111.81 - $113.84</p>
<p>52 周区间</p>
<p>$94.23 - $135.16</p>
<p>成交量</p>
<p>398.2K</p>
<p>平均成交量</p>
<p>21.8M</p>
<p>毛利率</p>
<p>24.98%</p>
<p>股息收益率</p>
<p>0.87%</p>
<p>这家零售巨头还受益于其广告业务，为品牌提供了在沃尔玛的数字平台和实体店中宣传产品以吸引注意力的机会。该业务在最新季度实现了 37% 的增长。</p>
<p>因此，沃尔玛为投资者提供了一定程度的收入稳定性和增长潜力，这种组合帮助其股价在近年来飙升。</p>
<h2>哪家零售商更值得投资？</h2>
<p>这些参与者都经过时间的考验，提供了稳健的长期前景——因此投资其中任何一家都不会出错。而且它们最近都经历了一些抛售，为投资者提供了潜在的买入机会。但如果我只能在下半年投资其中一家 零售赢家，我会选择亚马逊。该公司的估值低于沃尔玛和开市客，但提供了更优越的收入增长。</p>
<p></p>
<p>AMZN 市盈率（前瞻） 数据来源于 YCharts</p>
<p>与此同时，亚马逊可能会受益于人工智能的繁荣，但在经济增长放缓时期也可能成为赢家，这得益于其电子商务业务和对客户价值的关注。所有这些使得亚马逊成为现在合理的买入股票——它在 2026 年下半年及以后任何环境中都有可能表现出色。</p>

开市客

亚马逊

沃尔玛

<p>在人工智能股票波动的背景下，投资者寻求亚马逊、沃尔玛和开市客等消费巨头的稳定增长。亚马逊利用 AWS 和电子商务效率；开市客依靠高利润的会员费和强劲的续费率；沃尔玛则结合了低价格、数字销售增长和广告收入。本文比较了这三家零售商，以确定 2026 年下半年的最佳投资选择</p>

<p>The <strong>S&amp;P 500</strong> has soared in recent years amid excitement about artificial intelligence (AI) stocks. Investors piled into these exciting growth stories. In more recent times, though, companies specifically focused on AI have experienced some headwinds, from general worries about the economic environment to concerns about the level of spending on AI. This weighed on the performance of some -- and has pushed certain investors into looking for other growth opportunities.</p>
<div class="lb-trans"><p>近年来，<strong>标准普尔 500 指数</strong> 因对人工智能（AI）股票的热情而飙升。投资者纷纷涌入这些令人兴奋的成长故事。然而，最近专注于 AI 的公司经历了一些逆风，从对经济环境的普遍担忧到对 AI 支出水平的担忧。这对一些公司的表现造成了压力，并促使某些投资者寻找其他增长机会。</p>
</div><p>The AI story certainly isn't over. Demand for AI products and services remains high, and the technology is just starting to be applied in the real world, signaling earnings growth potential ahead. But investors looking for another growth theme, one that may offer a bit more stability, might turn to certain consumer goods players.</p>
<div class="lb-trans"><p>AI 的故事显然还没有结束。对 AI 产品和服务的需求仍然很高，这项技术才刚刚开始在现实世界中应用，预示着未来的盈利增长潜力。但寻求另一种增长主题的投资者，可能会转向某些消费品公司，这些公司可能提供更稳定的增长。</p>
</div><p><strong>Amazon</strong>( AMZN 1.88%), <strong>Walmart</strong>( WMT +1.49%), and <strong>Costco Wholesale</strong>( COST +1.44%) are excellent options. But, of the three, which is the smartest buy for the second half? Let's find out.</p>
<div class="lb-trans"><p><strong>亚马逊</strong>( AMZN 1.88%)、<strong>沃尔玛</strong>( WMT +1.49%) 和 <strong>开市客</strong>( COST +1.44%) 是绝佳的选择。但在这三者中，哪一个是下半年的最佳购买选择呢？让我们来看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzY5MDIvZS1jb21tZXJjZS1kZWxpdmVyeS1vbmxpbmUtc2hvcHBpbmcuanBnJnc9Mzg0MA" alt="A shopper removes an item from a box." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F876902%2Fe-commerce-delivery-online-shopping.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>The case for Amazon</h2>
<div class="lb-trans"><h2>支持亚马逊的理由</h2>
</div><p>Amazon actually is an AI stock, thanks to its Amazon Web Services (AWS) cloud computing arm -- the unit offers AI products and services to its customers, and this has resulted in a $150 billion annual revenue run rate for AWS. But the company also is an e-commerce giant, selling essentials, general merchandise, and even entertainment like books and movies to its customers.</p>
<div class="lb-trans"><p>亚马逊实际上是一只 AI 股票，这要归功于其亚马逊网络服务（AWS）云计算部门——该部门向客户提供 AI 产品和服务，这使得 AWS 的年收入达到了 1500 亿美元的运行率。但该公司也是一家 电子商务巨头，向客户销售日用品、一般商品，甚至包括书籍和电影等娱乐产品。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4" alt="Amazon Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FAMZN.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: AMZN</h2>
<div class="lb-trans"><h2>NASDAQ: AMZN</h2>
</div><p>Amazon</p>
<div class="lb-trans"><p>亚马逊</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-1.88%) $-4.62</p>
<div class="lb-trans"><p>(-1.88%) $-4.62</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$241.36</p>
<div class="lb-trans"><p>$241.36</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$2.6TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$2.6T 市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$240.89 - $244.85</p>
<div class="lb-trans"><p>$240.89 - $244.85</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$196.00 - $278.56</p>
<div class="lb-trans"><p>$196.00 - $278.56</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>447K</p>
<div class="lb-trans"><p>447K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>51.4M</p>
<div class="lb-trans"><p>51.4M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>50.60%</p>
<div class="lb-trans"><p>50.60%</p>
</div><p>This e-commerce business has built a significant track record of earnings strength. And earnings may become even stronger in the quarters to come, thanks to Amazon's revamp of its cost structure a couple of years ago. The company cut certain jobs, shifted its U.S. fulfillment system to a regional model from a national one, and made other moves to favor profitability.</p>
<div class="lb-trans"><p>这家电子商务公司在盈利能力方面建立了显著的业绩记录。由于亚马逊在几年前对其成本结构进行了重组，未来几个季度的盈利可能会更强。该公司裁减了一些职位，将其美国履行系统从全国模式转变为区域模式，并采取其他措施以提高盈利能力。</p>
</div><p>Amazon's focus on fast delivery, its broad range of products, and its global presence should keep customers coming back and earnings climbing.</p>
<div class="lb-trans"><p>亚马逊对快速交付的关注、广泛的产品范围以及全球的存在，应该能让客户不断回归，推动盈利增长。</p>
</div><h2>The case for Costco</h2>
<div class="lb-trans"><h2>支持开市客的理由</h2>
</div><p>What I like most about Costco's business model is that you, as a customer, generate revenue for the company before you even set foot in a warehouse to shop. This is through membership fees, and these fees are high-margin for the company -- and they actually drive Costco's profit growth.</p>
<div class="lb-trans"><p>我最喜欢开市客商业模式的一点是，作为客户，你在进入仓库购物之前就为公司创造了收入。这是通过会员费实现的，而这些费用对公司来说是高利润的——实际上推动了开市客的利润增长。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NPU1QucG5nJnc9MTI4" alt="Costco Wholesale Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FCOST.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: COST</h2>
<div class="lb-trans"><h2>NASDAQ: COST</h2>
</div><p>Costco Wholesale</p>
<div class="lb-trans"><p>开市客</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(1.44%) $13.61</p>
<div class="lb-trans"><p>(1.44%) $13.61</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$961.11</p>
<div class="lb-trans"><p>$961.11</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$420BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$420B 市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$948.08 - $966.48</p>
<div class="lb-trans"><p>$948.08 - $966.48</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$844.06 - $1096.50</p>
<div class="lb-trans"><p>$844.06 - $1096.50</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>18.8K</p>
<div class="lb-trans"><p>18.8K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>2.3M</p>
<div class="lb-trans"><p>2.3M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>12.88%</p>
<div class="lb-trans"><p>12.88%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.57%</p>
<div class="lb-trans"><p>0.57%</p>
</div><p>To make the story even better, Costco's renewal rates are extremely high. In the company's biggest markets of the U.S. and Canada, renewal rates have topped 90% quarter after quarter. This is fantastic because it offers us visibility regarding earnings ahead. The membership model also is great because once shoppers pay the fee, they will want to amortize it -- so they will likely shop as much as possible at Costco.</p>
<div class="lb-trans"><p>更令人振奋的是，开市客的续费率极高。在公司最大的市场美国和加拿大，续费率每季度超过 90%。这非常棒，因为它为我们提供了未来盈利的可见性。会员模式也很棒，因为一旦购物者支付了费用，他们会希望摊销这笔费用——因此他们可能会尽可能多地在开市客购物。</p>
</div><p>All of this has helped this warehouse giant increase earnings over time -- and this business model sets Costco up for victory over the long run too.</p>
<div class="lb-trans"><p>所有这些都帮助这家仓储巨头随着时间的推移增加了盈利——而这种商业模式也为开市客的长期胜利奠定了基础。</p>
</div><h2>The case for Walmart</h2>
<div class="lb-trans"><h2>支持沃尔玛的理由</h2>
</div><p>Walmart's focus on low prices makes it a favorite of customers and gives it an advantage in any market environment. The company has also made progress in areas such as digital sales -- something that helps it compete with Amazon -- and membership -- something that helps it compete with Costco. In the recent quarter, worldwide e-commerce sales rose 26%, and membership fee revenue advanced 17%.</p>
<div class="lb-trans"><p>沃尔玛专注于低价格，使其成为客户的最爱，并在任何市场环境中都具有优势。该公司在数字销售等领域也取得了进展——这有助于其与亚马逊竞争——以及会员制——这有助于其与开市客竞争。在最近一个季度，全球电子商务销售增长了 26%，会员费收入增长了 17%。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1dNVC5wbmcmdz0xMjg" alt="Walmart Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FWMT.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: WMT</h2>
<div class="lb-trans"><h2>NASDAQ: WMT</h2>
</div><p>Walmart</p>
<div class="lb-trans"><p>沃尔玛</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(1.49%) $1.66</p>
<div class="lb-trans"><p>(1.49%) $1.66</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$113.20</p>
<div class="lb-trans"><p>$113.20</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$888BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$888B 市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。市值仅基于公开交易的流通股计算。不包括未上市、私人或双重类别非交易股份。隐含市值可能会有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$111.81 - $113.84</p>
<div class="lb-trans"><p>$111.81 - $113.84</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$94.23 - $135.16</p>
<div class="lb-trans"><p>$94.23 - $135.16</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>398.2K</p>
<div class="lb-trans"><p>398.2K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>21.8M</p>
<div class="lb-trans"><p>21.8M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>24.98%</p>
<div class="lb-trans"><p>24.98%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.87%</p>
<div class="lb-trans"><p>0.87%</p>
</div><p>This retail giant also has benefited from its advertising business, offering brands the ability to advertise to gain attention for their products across Walmart's digital platforms and in stores. The business generated 37% growth in the latest quarter.</p>
<div class="lb-trans"><p>这家零售巨头还受益于其广告业务，为品牌提供了在沃尔玛的数字平台和实体店中宣传产品以吸引注意力的机会。该业务在最新季度实现了 37% 的增长。</p>
</div><p>So, Walmart offers investors a certain level of revenue stability and the potential for growth, a combination that has helped the stock price soar in recent years.</p>
<div class="lb-trans"><p>因此，沃尔玛为投资者提供了一定程度的收入稳定性和增长潜力，这种组合帮助其股价在近年来飙升。</p>
</div><h2>Which retailer is the better buy?</h2>
<div class="lb-trans"><h2>哪家零售商更值得投资？</h2>
</div><p>Each of these players has proven itself over time and offers solid long-term prospects -- so you can't go wrong by investing in any of them. And each has seen a bit of a sell-off recently, offering investors a potential buying opportunity. But if I could only invest in one of these retail winners for the second half, I would choose Amazon. The company trades for a lower valuation than Walmart and Costco, yet it offers superior revenue growth.</p>
<div class="lb-trans"><p>这些参与者都经过时间的考验，提供了稳健的长期前景——因此投资其中任何一家都不会出错。而且它们最近都经历了一些抛售，为投资者提供了潜在的买入机会。但如果我只能在下半年投资其中一家 零售赢家，我会选择亚马逊。该公司的估值低于沃尔玛和开市客，但提供了更优越的收入增长。</p>
</div><p></p>
<div class="lb-trans"><p></p>
</div><p>AMZN PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>AMZN 市盈率（前瞻） 数据来源于 YCharts</p>
</div><p>At the same time, Amazon may benefit from the AI boom, but it also could be a winner during times of slower economic growth, thanks to its e-commerce business and focus on value for the customer. All of this makes Amazon a reasonably priced stock to buy now -- it's one that could excel during any environment in the second half of 2026 and beyond.</p>
<div class="lb-trans"><p>与此同时，亚马逊可能会受益于人工智能的繁荣，但在经济增长放缓时期也可能成为赢家，这得益于其电子商务业务和对客户价值的关注。所有这些使得亚马逊成为现在合理的买入股票——它在 2026 年下半年及以后任何环境中都有可能表现出色。</p>
</div>

Amazon vs. Walmart vs. Costco: Which Is the Smartest Buy for the Second Half of 2026?

- 美国股市中，S&P 500 受人工智能股票推动上涨。
- 投资者关注亚马逊、沃尔玛和好市多等消费品公司。
- 亚马逊因其云服务和电商优势，被认为是最佳购买选择。

Motley Fool

Roundhill AMZN WeeklyPay ETF

Leverage Shares 2X Long Cost Daily ETF

亚马逊每日 2 倍做多 ETF - Direxion

Roundhill COST WeeklyPay ETF

GraniteShares 2x Long AMZN Daily ETF

亚马逊每日 1 倍做空 ETF - Direxion

Kurv Yield Premium Strategy Amazon AMZN ETF

Leverage Shares 2X Long AMZN Daily ETF

REX WMT Growth & Income ETF

Tradr 2X Short AMZN Daily ETF

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Graniteshares YieldBOOST AMZN ETF

2 倍做多 MAG7 指数 ETF - Roundhill

标普 500 指数

亚马逊、沃尔玛和开市客：哪个是 2026 年下半年最明智的投资选择？