<p>華爾街時不時會向投資者發出一個不太微妙的提醒：股票的價格可以雙向波動。</p>
<p>在 2 月 19 日和 3 月 13 日的收盤鈴聲之間，標誌性的 <strong>道瓊斯工業平均指數</strong>、基準 <strong>標準普爾 500 指數</strong>(^GSPC -1.12%) 和以增長為導向的 <strong>納斯達克綜合指數</strong>(^IXIC -2.04%) 分別下跌了 8.6%、10.1% 和 13.7%。標準普爾 500 指數和納斯達克綜合指數的兩位數百分比下跌使這兩個指數進入了正式的修正區域。</p>
<p>然而，這些劃定的修正相對短暫。標準普爾 500 指數僅需一個交易日便走出修正，而納斯達克綜合指數則在 3 月 24 日緊隨其後。</p>
<p>傳統上，股市修正是長期投資者手握充足現金時尋找便宜貨的絕佳時機。即使納斯達克的下跌尚未結束，五隻歷史上便宜的成長股仍然顯得極具吸引力。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTIzNzgvc3RvcHdhdGNoLXRpbWUtdG8tYnV5LXN0b2NrLW1hcmtldC1jb3JyZWN0aW9uLWdldHR5LmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTIzNzgvc3RvcHdhdGNoLXRpbWUtdG8tYnV5LXN0b2NrLW1hcmtldC1jb3JyZWN0aW9uLWdldHR5LmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>The Trade Desk</h2>
<p>尋求增長的投資者可以自信購買的第一個絕佳交易是廣告科技巨頭 <strong>The Trade Desk</strong>(TTD -5.10%)，其股價比歷史最高點低了超過 57%。儘管經濟增長的擔憂對公司近期的運營前景造成壓力，但 The Trade Desk 完全有能力利用數字廣告支出的上升。</p>
<p>The Trade Desk 的成名之作是數字廣告行業採用的 Unified ID 2.0 技術，這是一種超越傳統 cookie 的跟蹤工具，允許企業將其信息針對性地傳遞給消費者。The Trade Desk 在需求方連接電視廣告中扮演着關鍵角色，即在流媒體內容中投放的廣告。這為公司提供了持續的兩位數增長機會。</p>
<p>不要忘記，廣告公司也受益於經濟週期的非線性。自第二次世界大戰結束以來，典型的經濟擴張持續了大約五年。這促使企業在營銷上大舉支出，並將隨着時間的推移提升 The Trade Desk 的銷售和利潤。</p>
<p>The Trade Desk 的前瞻市盈率 (P/E) 為 27，相較於過去五年的平均前瞻市盈率近 89，折扣幅度巨大。</p>
<h2>PayPal Holdings</h2>
<p>在納斯達克修正後，你會後悔沒有購買的第二隻便宜成長股是金融科技巨頭 <strong>PayPal Holdings</strong>(PYPL -1.21%)。儘管數字支付領域競爭加劇，PayPal 仍具備必要的催化劑以推動自身發展並實現差異化。</p>
<p>關於 PayPal 的第一點需要注意的是，其關鍵績效指標並不像懷疑者所暗示的那樣令人擔憂。即使活躍賬户增長非常温和，其數字支付網絡的總支付量在 2024 年以固定匯率增長了 10%，達到了 1.68 萬億美元。更重要的是，過去 12 個月每個活躍賬户的支付交易量從 2020 年底的 40.9 躍升至 2024 年底的 60.6。活躍賬户的參與度比以往任何時候都高，這意味着 PayPal 的毛利潤將更高。</p>
<p>亞歷克斯·克里斯效應也很重要。克里斯於 2023 年 9 月底成為 PayPal 的首席執行官，他從 <strong>Intuit</strong> 的小型企業和自僱集團的執行副總裁職位帶來了大量的小型企業知識。克里斯瞭解可以吸引新用户加入 PayPal 網絡的創新，並且不怕削減運營成本或積極回購自己公司的股票，以分別提升利潤率和 PayPal 的每股收益。</p>
<p>PayPal 的前瞻市盈率為 12.6，相較於過去五年的平均前瞻市盈率折扣 37%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTIzNzgvYW16bi1wYWNrYWdlLWRlbGl2ZXJ5LWZhdGhlci1kYXVnaHRlci1odWIuanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTIzNzgvYW16bi1wYWNrYWdlLWRlbGl2ZXJ5LWZhdGhlci1kYXVnaHRlci1odWIuanBnJnc9NzAw"/></p>
<p>圖片來源：Amazon。</p>
<h2>Amazon</h2>
<p>在納斯達克修正之後，購買電子商務巨頭 <strong>Amazon</strong>(AMZN -2.19%) 的股票也是一個絕佳時機。儘管亞馬遜的在線零售市場在經濟下行期間可能會受到影響，但公司的未來幾乎完全依賴於其附屬運營部門。</p>
<p>可以説，沒有哪個運營部門對亞馬遜的長期成功影響更大於亞馬遜網絡服務 (AWS)。AWS 是全球領先的雲基礎設施服務提供商，企業雲支出仍處於相對早期的增長階段。將人工智能 (AI) 解決方案納入 AWS 只會加速支出。儘管 AWS 僅佔亞馬遜總銷售額的六分之一，但它通常貢獻了公司一半以上的運營收入。</p>
<p>公司的廣告和訂閲服務部門也應在其增長中發揮關鍵作用。例如，亞馬遜贏得了獨家直播_星期四夜足球_和部分 NBA 比賽的權利，這可以增強其廣告和 Prime 訂閲的定價能力。這兩個部門在不考慮匯率變化的情況下，均保持了兩位數的銷售增長。</p>
<p>雖然亞馬遜在表面上可能看起來不是一個基本的便宜貨，但相較於其未來現金流，它在歷史上是便宜的。現在的股價大約是 2026 年預測現金流的 12.2 倍，比公司過去五年的現金流平均倍數低 42%。</p>
<h2>BioMarin Pharmaceutical</h2>
<p>在納斯達克近 14% 的回調後，長期投資者可以自信地增持的第四隻便宜成長股是專業生物技術公司 <strong>BioMarin Pharmaceutical</strong>(BMRN -0.10%)。儘管品牌藥物的銷售獨佔期有限，BioMarin 仍提供了一些可能讓機會主義投資者難以忽視的催化劑。</p>
<p>首先，BioMarin 專注於罕見疾病的適應症和孤兒療法。聚焦於治療選擇少或沒有的疾病，確保了 BioMarin 幾乎沒有競爭，這通常會導致卓越的定價能力。其暢銷藥物 Voxzogo 用於治療四個月及以上患者的軟骨發育不良，去年銷售額達到了 7.35 億美元，比前一年增長了 56%。</p>
<p>除了 Voxzogo 的標籤擴展機會外，BioMarin 還有一個前景廣闊的產品 pipeline。這包括實驗性杜氏肌營養不良症藥物 BMN 351，以及正在研究的 BMN 333，後者涉及多種骨骼疾病。BioMarin 的管理團隊相信，公司有望在 2027 年實現 40 億美元的年銷售目標，這將比 2024 年報告的 28.5 億美元銷售額增長 40%。</p>
<p>BioMarin 的前瞻市盈率為 13.5，低於過去五年平均前瞻市盈率的 64%。</p>
<h2>字母表</h2>
<p>最後但同樣重要的是，谷歌母公司 <strong>Alphabet</strong>（GOOGL -3.17%）（GOOG -3.23%）在納斯達克修正後是一個絕佳的投資機會。儘管它面臨與 The Trade Desk 相同的短期廣告不確定性，但 Alphabet 有多種策略來推動其業務增長。</p>
<p>目前，谷歌是其基礎。根據 GlobalStats 的數據，谷歌在過去 10 年中佔據了 89% 到 93% 的全球互聯網搜索市場份額。擁有互聯網搜索的絕對壟斷地位，使谷歌獲得了卓越的廣告定價能力，並使 Alphabet 獲得了豐厚的運營現金流。經濟增長的漫長時期對一家在第四季度中產生 75% 淨銷售額來自廣告的公司來説，簡直是天籟之音。</p>
<p>然而，Alphabet 在本十年後半段的現金流可能會受到雲基礎設施服務平台 Google Cloud 的推動。將生成性 AI 解決方案納入其平台，應該會鞏固甚至增強其作為全球第三大雲服務基礎設施平台的地位。雲服務的利潤率顯著高於廣告相關的利潤率。</p>
<p>機會主義的長期投資者可以以 2026 年預測收益的 16.4 倍的價格購買 Alphabet 的股票，這比其五年平均水平低了 27%。</p>

亞馬遜

<p>在最近納斯達克調整之後，五隻歷史上便宜的成長股被強調為強有力的買入機會。Trade Desk 的股價從高峰下跌了 57%，有望受益於數字廣告支出的增長。PayPal 的前瞻市盈率為 12.6，儘管面臨競爭，但顯示出強勁的用户參與指標。亞馬遜雖然面臨零售挑戰，但依靠其盈利的 AWS 部門和不斷增長的廣告收入。這些股票為尋求利用市場調整的長期投資者提供了有吸引力的估值</p>

<p>Every so often, Wall Street sends a not-so-subtle reminder to investors that stocks can move in both directions.</p>
<div class="lb-trans"><p>華爾街時不時會向投資者發出一個不太微妙的提醒：股票的價格可以雙向波動。</p>
</div><p>Between the closing bells on Feb. 19 and March 13, the iconic <strong>Dow Jones Industrial Average</strong>, benchmark <strong>S&amp;P 500</strong>(^GSPC -1.12%), and growth-focused <strong>Nasdaq Composite</strong>(^IXIC -2.04%) respectively tumbled by 8.6%, 10.1%, and 13.7%. The double-digit percentage declines for the S&amp;P 500 and Nasdaq Composite placed both indexes in official correction territory.</p>
<div class="lb-trans"><p>在 2 月 19 日和 3 月 13 日的收盤鈴聲之間，標誌性的 <strong>道瓊斯工業平均指數</strong>、基準 <strong>標準普爾 500 指數</strong>(^GSPC -1.12%) 和以增長為導向的 <strong>納斯達克綜合指數</strong>(^IXIC -2.04%) 分別下跌了 8.6%、10.1% 和 13.7%。標準普爾 500 指數和納斯達克綜合指數的兩位數百分比下跌使這兩個指數進入了正式的修正區域。</p>
</div><p>However, these line-in-the-sand corrections were relatively short-lived. The S&amp;P 500 needed only one session to move out of correction, with the Nasdaq Composite following suit on March 24.</p>
<div class="lb-trans"><p>然而，這些劃定的修正相對短暫。標準普爾 500 指數僅需一個交易日便走出修正，而納斯達克綜合指數則在 3 月 24 日緊隨其後。</p>
</div><p>Traditionally, stock market corrections have been the perfect time for long-term-minded investors with ample cash on hand to go shopping for bargains. Even if the Nasdaq's downturn isn't over just yet, five historically cheap growth stocks stand out as sensational buys.</p>
<div class="lb-trans"><p>傳統上，股市修正是長期投資者手握充足現金時尋找便宜貨的絕佳時機。即使納斯達克的下跌尚未結束，五隻歷史上便宜的成長股仍然顯得極具吸引力。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTIzNzgvc3RvcHdhdGNoLXRpbWUtdG8tYnV5LXN0b2NrLW1hcmtldC1jb3JyZWN0aW9uLWdldHR5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F812378%2Fstopwatch-time-to-buy-stock-market-correction-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>The Trade Desk</h2>
<div class="lb-trans"><h2>The Trade Desk</h2>
</div><p>The first amazing deal that growth-seeking investors can purchase with confidence is adtech giant <strong>The Trade Desk</strong>(TTD -5.10%), whose shares are more than 57% below their all-time high. Though economic growth concerns are weighing on the company's very near-term operating prospects, The Trade Desk is perfectly positioned to take advantage of rising spending in digital advertising.</p>
<div class="lb-trans"><p>尋求增長的投資者可以自信購買的第一個絕佳交易是廣告科技巨頭 <strong>The Trade Desk</strong>(TTD -5.10%)，其股價比歷史最高點低了超過 57%。儘管經濟增長的擔憂對公司近期的運營前景造成壓力，但 The Trade Desk 完全有能力利用數字廣告支出的上升。</p>
</div><p>The Trade Desk's claim to fame is the digital ad industry's adoption of its Unified ID 2.0 technology, which is a tracking tool that moves beyond traditional cookies and allows businesses to target their message(s) to consumers. The Trade Desk is making its living as a key player in demand-side connected TV advertising -- i.e., ads served during streamed content. This is a sustained double-digit growth opportunity for the company.</p>
<div class="lb-trans"><p>The Trade Desk 的成名之作是數字廣告行業採用的 Unified ID 2.0 技術，這是一種超越傳統 cookie 的跟蹤工具，允許企業將其信息針對性地傳遞給消費者。The Trade Desk 在需求方連接電視廣告中扮演着關鍵角色，即在流媒體內容中投放的廣告。這為公司提供了持續的兩位數增長機會。</p>
</div><p>Don't forget that ad companies benefit from the nonlinearity of economic cycles, as well. The typical economic expansion since the end of World War II has stuck around for approximately five years. This encourages businesses to spend aggressively on marketing and will lift The Trade Desk's sales and profits over time.</p>
<div class="lb-trans"><p>不要忘記，廣告公司也受益於經濟週期的非線性。自第二次世界大戰結束以來，典型的經濟擴張持續了大約五年。這促使企業在營銷上大舉支出，並將隨着時間的推移提升 The Trade Desk 的銷售和利潤。</p>
</div><p>The Trade Desk's forward price-to-earnings (P/E) ratio of 27 marks a <em>massive</em> discount to its average forward P/E of almost 89 over the trailing-five-year period.</p>
<div class="lb-trans"><p>The Trade Desk 的前瞻市盈率 (P/E) 為 27，相較於過去五年的平均前瞻市盈率近 89，折扣幅度巨大。</p>
</div><h2>PayPal Holdings</h2>
<div class="lb-trans"><h2>PayPal Holdings</h2>
</div><p>A second inexpensive growth stock you'll regret not buying in the wake of the Nasdaq correction is fintech goliath <strong>PayPal Holdings</strong>(PYPL -1.21%). Despite increasing competition in the digital payments arena, PayPal has the necessary catalysts to push forward and differentiate itself.</p>
<div class="lb-trans"><p>在納斯達克修正後，你會後悔沒有購買的第二隻便宜成長股是金融科技巨頭 <strong>PayPal Holdings</strong>(PYPL -1.21%)。儘管數字支付領域競爭加劇，PayPal 仍具備必要的催化劑以推動自身發展並實現差異化。</p>
</div><p>The first thing to note about PayPal is that its key performance indicators aren't as worrisome as skeptics might suggest. Even with very modest active account growth, total payment volume across its digital payment networks jumped by 10% on a constant-currency basis to $1.68 trillion in 2024. More importantly, payment transactions per active account over the trailing-12-months catapulted from 40.9 at the end of 2020 to 60.6 by the end of 2024. Active accounts are more engaged than ever, which means higher gross profit for PayPal.</p>
<div class="lb-trans"><p>關於 PayPal 的第一點需要注意的是，其關鍵績效指標並不像懷疑者所暗示的那樣令人擔憂。即使活躍賬户增長非常温和，其數字支付網絡的總支付量在 2024 年以固定匯率增長了 10%，達到了 1.68 萬億美元。更重要的是，過去 12 個月每個活躍賬户的支付交易量從 2020 年底的 40.9 躍升至 2024 年底的 60.6。活躍賬户的參與度比以往任何時候都高，這意味着 PayPal 的毛利潤將更高。</p>
</div><p>The Alex Chriss effect is important, too. Chriss became PayPal's CEO in late September 2023, and he brought over a plethora of small business knowledge from his previous job as Executive Vice President of <strong>Intuit</strong>'s Small Business and Self-Employed Group. Chriss understands the innovations that can bring new users to the PayPal network, and hasn't been afraid to cut operating costs or aggressively repurchase his own company's stock to respectively boost margins and PayPal's earnings per share.</p>
<div class="lb-trans"><p>亞歷克斯·克里斯效應也很重要。克里斯於 2023 年 9 月底成為 PayPal 的首席執行官，他從 <strong>Intuit</strong> 的小型企業和自僱集團的執行副總裁職位帶來了大量的小型企業知識。克里斯瞭解可以吸引新用户加入 PayPal 網絡的創新，並且不怕削減運營成本或積極回購自己公司的股票，以分別提升利潤率和 PayPal 的每股收益。</p>
</div><p>PayPal's forward P/E ratio of 12.6 equates to a 37% discount to its average forward-earnings multiple over the last half-decade.</p>
<div class="lb-trans"><p>PayPal 的前瞻市盈率為 12.6，相較於過去五年的平均前瞻市盈率折扣 37%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTIzNzgvYW16bi1wYWNrYWdlLWRlbGl2ZXJ5LWZhdGhlci1kYXVnaHRlci1odWIuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F812378%2Famzn-package-delivery-father-daughter-hub.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Amazon.</p>
<div class="lb-trans"><p>圖片來源：Amazon。</p>
</div><h2>Amazon</h2>
<div class="lb-trans"><h2>Amazon</h2>
</div><p>The wake of the Nasdaq correction is also a great time to scoop up shares of e-commerce colossus <strong>Amazon</strong>(AMZN -2.19%). Although Amazon's online retail marketplace is susceptible to weakness during economic downturns, the company's future is almost entirely dependent on its ancillary operating segments.</p>
<div class="lb-trans"><p>在納斯達克修正之後，購買電子商務巨頭 <strong>Amazon</strong>(AMZN -2.19%) 的股票也是一個絕佳時機。儘管亞馬遜的在線零售市場在經濟下行期間可能會受到影響，但公司的未來幾乎完全依賴於其附屬運營部門。</p>
</div><p>Arguably no operating segment holds more bearing to Amazon's long-term success than Amazon Web Services (AWS). AWS is the world's leading cloud infrastructure service provider, and enterprise cloud spending is still in its relative early stages of ramping up. The incorporation of artificial intelligence (AI) solutions into AWS should only serve to accelerate spending. Though it only accounts for around a sixth of Amazon's total sales, AWS frequently generates more than half of the company's operating income.</p>
<div class="lb-trans"><p>可以説，沒有哪個運營部門對亞馬遜的長期成功影響更大於亞馬遜網絡服務 (AWS)。AWS 是全球領先的雲基礎設施服務提供商，企業雲支出仍處於相對早期的增長階段。將人工智能 (AI) 解決方案納入 AWS 只會加速支出。儘管 AWS 僅佔亞馬遜總銷售額的六分之一，但它通常貢獻了公司一半以上的運營收入。</p>
</div><p>The company's advertising and subscription service segments should play key roles in its growth, as well. For instance, Amazon winning the exclusive rights to stream <em>Thursday Night Football</em> and select NBA games can strengthen both its ad- and Prime subscription-pricing power. Both segments have sustained double-digit sales growth, sans currency changes.</p>
<div class="lb-trans"><p>公司的廣告和訂閲服務部門也應在其增長中發揮關鍵作用。例如，亞馬遜贏得了獨家直播_星期四夜足球_和部分 NBA 比賽的權利，這可以增強其廣告和 Prime 訂閲的定價能力。這兩個部門在不考慮匯率變化的情況下，均保持了兩位數的銷售增長。</p>
</div><p>While Amazon might not look like a fundamental bargain on the surface, it is historically cheap relative to its future cash flow. Shares can be purchased right now for roughly 12.2 times forecast cash flow in 2026, which is 42% below the company's average multiple to cash flow over the last five years.</p>
<div class="lb-trans"><p>雖然亞馬遜在表面上可能看起來不是一個基本的便宜貨，但相較於其未來現金流，它在歷史上是便宜的。現在的股價大約是 2026 年預測現金流的 12.2 倍，比公司過去五年的現金流平均倍數低 42%。</p>
</div><h2>BioMarin Pharmaceutical</h2>
<div class="lb-trans"><h2>BioMarin Pharmaceutical</h2>
</div><p>A fourth inexpensive growth stock that can be added with confidence by long-term investors in the wake of the Nasdaq's near-14% drawdown is specialty biotech <strong>BioMarin Pharmaceutical</strong>(BMRN -0.10%). Even though brand-name drugs have finite periods of sales exclusivity, BioMarin offers a couple of catalysts that may be hard for opportunistic investors to ignore.</p>
<div class="lb-trans"><p>在納斯達克近 14% 的回調後，長期投資者可以自信地增持的第四隻便宜成長股是專業生物技術公司 <strong>BioMarin Pharmaceutical</strong>(BMRN -0.10%)。儘管品牌藥物的銷售獨佔期有限，BioMarin 仍提供了一些可能讓機會主義投資者難以忽視的催化劑。</p>
</div><p>For starters, BioMarin is focused on rare-disease indications and orphan therapies. Homing in on diseases with few or no treatment options ensures little to no competition for BioMarin, and it often leads to exceptional pricing power. Top-selling drug Voxzogo, which treats achondroplasia in patients aged four months and older, produced $735 million in sales last year, up 56% from the previous year.</p>
<div class="lb-trans"><p>首先，BioMarin 專注於罕見疾病的適應症和孤兒療法。聚焦於治療選擇少或沒有的疾病，確保了 BioMarin 幾乎沒有競爭，這通常會導致卓越的定價能力。其暢銷藥物 Voxzogo 用於治療四個月及以上患者的軟骨發育不良，去年銷售額達到了 7.35 億美元，比前一年增長了 56%。</p>
</div><p>Beyond just label expansion opportunities for Voxzogo, BioMarin has a promising pipeline. This includes experimental Duchenne Muscular Dystrophy drug BMN 351, as well as BMN 333, which is being examined in various skeletal conditions. BioMarin's management team believes the company is on track to hit its target of $4 billion in annual sales by 2027, which would represent an increase of 40% from the company's $2.85 billion in reported sales for 2024.</p>
<div class="lb-trans"><p>除了 Voxzogo 的標籤擴展機會外，BioMarin 還有一個前景廣闊的產品 pipeline。這包括實驗性杜氏肌營養不良症藥物 BMN 351，以及正在研究的 BMN 333，後者涉及多種骨骼疾病。BioMarin 的管理團隊相信，公司有望在 2027 年實現 40 億美元的年銷售目標，這將比 2024 年報告的 28.5 億美元銷售額增長 40%。</p>
</div><p>BioMarin's forward P/E ratio of 13.5 is 64% below its average forward-year earnings multiple over the trailing-five-year period.</p>
<div class="lb-trans"><p>BioMarin 的前瞻市盈率為 13.5，低於過去五年平均前瞻市盈率的 64%。</p>
</div><h2>Alphabet</h2>
<div class="lb-trans"><h2>字母表</h2>
</div><p>Last but certainly not least, Google parent <strong>Alphabet</strong>(GOOGL -3.17%) (GOOG -3.23%) is a screaming bargain in the wake of the Nasdaq correction. While it's contending with the same short-term advertising uncertainties as The Trade Desk, Alphabet has more than one trick up its sleeve to grow its business.</p>
<div class="lb-trans"><p>最後但同樣重要的是，谷歌母公司 <strong>Alphabet</strong>（GOOGL -3.17%）（GOOG -3.23%）在納斯達克修正後是一個絕佳的投資機會。儘管它面臨與 The Trade Desk 相同的短期廣告不確定性，但 Alphabet 有多種策略來推動其業務增長。</p>
</div><p>For the time being, Google is its foundation. According to GlobalStats, Google has accounted for an 89% to 93% share of monthly global internet search dating back 10 years. Having a veritable monopoly in internet search has afforded Google exceptional ad-pricing power and allowed Alphabet to rake in plenty of operating cash flow. Lengthy periods of economic growth are music to the ears of a company that generated 75% of its net sales from advertising during the fourth quarter.</p>
<div class="lb-trans"><p>目前，谷歌是其基礎。根據 GlobalStats 的數據，谷歌在過去 10 年中佔據了 89% 到 93% 的全球互聯網搜索市場份額。擁有互聯網搜索的絕對壟斷地位，使谷歌獲得了卓越的廣告定價能力，並使 Alphabet 獲得了豐厚的運營現金流。經濟增長的漫長時期對一家在第四季度中產生 75% 淨銷售額來自廣告的公司來説，簡直是天籟之音。</p>
</div><p>However, Alphabet's cash flow in the second-half of this decade is likely to be fueled by cloud infrastructure service platform Google Cloud. Incorporating generative AI solutions into its platform should solidify, if not strengthen, its role as the world's No. 3 cloud service infrastructure platform by global spend. Cloud-service margins are notably higher than those associated with advertising.</p>
<div class="lb-trans"><p>然而，Alphabet 在本十年後半段的現金流可能會受到雲基礎設施服務平台 Google Cloud 的推動。將生成性 AI 解決方案納入其平台，應該會鞏固甚至增強其作為全球第三大雲服務基礎設施平台的地位。雲服務的利潤率顯著高於廣告相關的利潤率。</p>
</div><p>Opportunistic long-term investors can buy shares of Alphabet for 16.4 times forecast earnings in 2026, which is a cool 27% discount to its five-year average.</p>
<div class="lb-trans"><p>機會主義的長期投資者可以以 2026 年預測收益的 16.4 倍的價格購買 Alphabet 的股票，這比其五年平均水平低了 27%。</p>
</div>

5 Historically Cheap Growth Stocks to Buy With Confidence in the Wake of the Nasdaq Correction

- 道瓊斯、標普 500 和納斯達克在 2 月 19 日至 3 月 13 日間分別下跌 8.6%、10.1% 和 13.7%。  
- 納斯達克的回調為長期投資者提供了購買機會，五隻便宜的成長股值得關注。  
- 包括 The Trade Desk、PayPal、亞馬遜、BioMarin 和 Alphabet 在內的公司，均展現出強勁的增長潛力。

納斯達克調整後值得放心買入的 5 只歷史性低價成長股