<p>2025 年股市表現出驚人的韌性。在擺脱貿易戰和經濟不確定性後，<strong>標準普爾 500 指數</strong> 接近歷史新高。隨着歷史上市場表現較弱的八月臨近，有一些穩健的公司以合理的估值交易，值得購買。</p>
<p>如果你有 1000 美元用於長期投資計劃，看看為什麼三位《傻瓜 Motley Fool》的撰稿人現在看好 <strong>阿里巴巴</strong>(BABA -2.99%)、<strong>Lululemon Athletica</strong>(LULU -3.50%) 和 <strong>威富集團</strong>(VFC -0.51%)。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc0MDQvc3RvY2stbWFya2V0LWdyYXBoLWFuZC1jdXJyZW5jeS5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc0MDQvc3RvY2stbWFya2V0LWdyYXBoLWFuZC1jdXJyZW5jeS5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>一家被低估的科技巨頭</h2>
<p><strong>約翰·巴拉德（阿里巴巴）：</strong> 阿里巴巴的股票開始走出過去幾年的低迷。這是考慮投資這家科技巨頭的好時機。中國經濟的改善和對公司雲服務的強勁需求是可能在五年內使股價翻倍的主要催化劑。</p>
<p>阿里巴巴的電商市場，淘寶和天貓，在 2025 年實現了穩定增長。截止三月的季度顯示，這些業務的客户管理收入同比增長 12%。這主要來自向在這些市場上銷售商品的第三方商家收取的費用，為阿里巴巴創造了非常有利可圖的收入來源。</p>
<p>阿里巴巴在其電商業務中有多個增長收入的槓桿。它將最近的增長歸功於多個舉措，包括將菜鳥物流整合到其電商業務中，以及新的軟件服務費用，這幫助其從商家活動中獲得了更高比例的收入。</p>
<p>支持股票復甦的另一個催化劑是阿里雲的強勁增長。企業正在快速採用人工智能（AI）服務。阿里巴巴表示，其與 AI 相關的產品收入已連續七個季度以三位數的速度增長。其在 AI 方面的投資使公司在未來十年內具備強勁增長的潛力。</p>
<p>儘管公司整體趨勢積極，投資者仍然可以以僅 13.5 倍的今年共識盈利預期購買股票——這是真正的便宜貨。如果投資者願意支付與標準普爾 500 指數平均市盈率 30 倍一致的更高盈利倍數，股票可能會翻倍。華爾街似乎正在重新評估阿里巴巴的股票，使其成為八月份的及時購買。</p>
<h2>便宜到無法忽視</h2>
<p><strong>詹妮弗·賽比爾（Lululemon）：</strong> Lululemon 在過去幾年中經歷了非常艱難的時光，其股票在 2025 年僅下跌了約 45%。然而，在當前價格下，市場似乎對其過度拋售，正在以便宜的價格交易。</p>
<p>經過多年的強勁增長後，增長急劇放緩。多種因素對其造成壓力，包括可支配支出的壓力和競爭加劇。Lululemon 幫助創造了運動休閒風潮，但其行業的進入壁壘較低。事實上，在高端運動休閒領域，客户通常在尋找下一個重要和獨特的品牌。此外，關於 Lululemon 如何受到關税影響的擔憂也在增加。難怪投資者對該股票失去了熱情。</p>
<p>2025 財年第一季度（截至 5 月 4 日）並未平息悲觀情緒。該季度銷售同比增長 7%，但可比銷售（comps）僅增長 1%。更糟的是，北美地區下降了 2%。管理層維持了全年收入中等個位數增長的指引，但下調了全年每股收益（EPS）的指引。</p>
<p>然而，仍然有樂觀的理由。Lululemon 的股票市盈率僅為 14，在這個價格下，看起來是個不錯的價值。Lululemon 的盈利能力很高，營業利潤率為 18.5%。在第一季度，這一數字比去年下降了 1.1 個百分點，主要是由於關税。然而，這仍然是行業領先，遠高於類似的運動服和普通服裝公司。</p>
<p>隨着特朗普政府繼續與其他國家達成協議，關税情況可能會改善。至於其他國家，儘管美洲市場表現令人失望，但 Lululemon 在中國表現良好，第一季度銷售同比增長 22%。</p>
<p>在當前價格下，可能是時候再次考慮 Lululemon 的股票，特別是如果你在尋找價值股。</p>
<h2>威富集團正在轉變。</h2>
<p><strong>傑里米·鮑曼（威富集團）：</strong> 隨着整體市場達到歷史新高，投資者可能是時候關注那些被打壓的、可能被低估的股票。</p>
<p>威富集團目前看起來就是這樣的股票之一。這家服裝品牌管理公司擁有 Vans、The North Face、Timberland 和 Dickies 等品牌，在過去五年中一直是市場上表現最差的服裝股票之一。該股票自 2021 年峯值以來下跌了約 85%。</p>
<p>Vans 的疲軟、股息削減以及消費品的整體逆風都對股票造成了壓力，但威富集團在週三的財報中顯示出轉機的跡象。</p>
<p>儘管整體收入持平，但公司在所有核心品牌（除了 Vans）中都實現了穩健增長，Vans 正在經歷 “渠道整合”，這意味着管理層正在減少分銷點的數量。然而，Timberland 增長了 11%，The North Face 增長了 6%。另一方面，Vans 下降了 14%，但整體業務比看起來要健康。</p>
<p>如果管理層能夠穩定 Vans 並改善盈利能力，公司應該會處於良好的基礎上。其調整後的營業虧損在第一季度遠好於預期，管理層的指引預計全年調整後的營業收入和自由現金流將增長。</p>
<p>VF Corp. 目前的市銷率僅為 0.5。如果它能夠實現 5% 的利潤率，這將使股票具有上漲潛力，當前的市銷率下對應的市盈率僅為 10。</p>
<p>對於一家擁有一系列知名高端品牌的公司來説，這應該是可以實現的。如果業務的復甦持續取得進展，VF 的股價可能會在此基礎上翻倍或三倍。</p>

阿里巴巴

阿里巴巴-W

威富集團

2 倍做多阿里巴巴 ETF - KraneShares

BABO

2 倍做多 BABA ETF - GraniteShares

<p>在 2025 年 8 月，推薦三隻股票進行投資：阿里巴巴、Lululemon 和威富集團。阿里巴巴在電子商務和雲服務方面強勁增長，正在復甦，市盈率較低。儘管 Lululemon 的股價下跌了 45%，但由於市盈率為 14 且盈利能力強，特別是在中國，被視為被低估的股票。威富集團被認為是服裝行業中潛在的被低估股票，暗示可能會迎來轉機。鼓勵投資者考慮這些股票以獲取長期收益</p>

<p>The stock market has shown incredible resiliency in 2025. After shaking off the trade wars and uncertainty for the economy, the <strong>S&amp;P 500</strong> is sitting close to new all-time highs. As August, which is historically a weak month for the markets, approaches, there are solid companies trading at reasonable valuations that are worth buying.</p>
<div class="lb-trans"><p>2025 年股市表現出驚人的韌性。在擺脱貿易戰和經濟不確定性後，<strong>標準普爾 500 指數</strong> 接近歷史新高。隨着歷史上市場表現較弱的八月臨近，有一些穩健的公司以合理的估值交易，值得購買。</p>
</div><p>If you have $1,000 to commit to a long-term investment plan, read why three Motley Fool contributors like <strong>Alibaba</strong>(BABA -2.99%), <strong>Lululemon Athletica</strong>(LULU -3.50%), and <strong>VF Corp</strong>(VFC -0.51%) right now.</p>
<div class="lb-trans"><p>如果你有 1000 美元用於長期投資計劃，看看為什麼三位《傻瓜 Motley Fool》的撰稿人現在看好 <strong>阿里巴巴</strong>(BABA -2.99%)、<strong>Lululemon Athletica</strong>(LULU -3.50%) 和 <strong>威富集團</strong>(VFC -0.51%)。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc0MDQvc3RvY2stbWFya2V0LWdyYXBoLWFuZC1jdXJyZW5jeS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F827404%2Fstock-market-graph-and-currency.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>An undervalued tech giant</h2>
<div class="lb-trans"><h2>一家被低估的科技巨頭</h2>
</div><p><strong>John Ballard (Alibaba):</strong> Shares of Alibaba are starting to climb out of the slump they've been in for the past few years. This is a great time to consider starting an investment in the tech giant. An improving economy in China and strong demand for the company's cloud services are major catalysts that could potentially double the share price within five years.</p>
<div class="lb-trans"><p><strong>約翰·巴拉德（阿里巴巴）：</strong> 阿里巴巴的股票開始走出過去幾年的低迷。這是考慮投資這家科技巨頭的好時機。中國經濟的改善和對公司雲服務的強勁需求是可能在五年內使股價翻倍的主要催化劑。</p>
</div><p>Alibaba's e-commerce marketplaces, Taobao and Tmall, are posting steady growth in 2025. The March-ending quarter showed these businesses growing customer management revenue by 12% year over year. This primarily comes from fees charged to third-party merchants that sell goods on these marketplaces, which creates very profitable revenue streams for Alibaba.</p>
<div class="lb-trans"><p>阿里巴巴的電商市場，淘寶和天貓，在 2025 年實現了穩定增長。截止三月的季度顯示，這些業務的客户管理收入同比增長 12%。這主要來自向在這些市場上銷售商品的第三方商家收取的費用，為阿里巴巴創造了非常有利可圖的收入來源。</p>
</div><p>Alibaba has multiple levers to grow revenue in its e-commerce business. It credited recent growth from several initiatives, including the integration of its Cainiao logistics in its e-commerce business, in addition to new software service fees that helped capture a higher percentage of revenue from merchant activities.</p>
<div class="lb-trans"><p>阿里巴巴在其電商業務中有多個增長收入的槓桿。它將最近的增長歸功於多個舉措，包括將菜鳥物流整合到其電商業務中，以及新的軟件服務費用，這幫助其從商家活動中獲得了更高比例的收入。</p>
</div><p>Another catalyst supporting the stock's recovery is strong growth in Alibaba Cloud. Enterprises are adopting artificial intelligence (AI) services at a rapid rate. Alibaba said its AI-related product revenue has grown at a triple-digit rate for seven consecutive quarters. Its investments in AI are positioning the company for strong growth over the next decade.</p>
<div class="lb-trans"><p>支持股票復甦的另一個催化劑是阿里雲的強勁增長。企業正在快速採用人工智能（AI）服務。阿里巴巴表示，其與 AI 相關的產品收入已連續七個季度以三位數的速度增長。其在 AI 方面的投資使公司在未來十年內具備強勁增長的潛力。</p>
</div><p>Despite positive trends across the company, investors can buy shares at just 13.5 times this year's consensus earnings estimate -- a genuine bargain. The stock could double if investors pay a higher multiple of earnings that is consistent with the average S&amp;P 500 price-to-earnings multiple of 30. Wall Street appears to be in the process of rerating Alibaba shares right now, making it a timely buy for the month of August.</p>
<div class="lb-trans"><p>儘管公司整體趨勢積極，投資者仍然可以以僅 13.5 倍的今年共識盈利預期購買股票——這是真正的便宜貨。如果投資者願意支付與標準普爾 500 指數平均市盈率 30 倍一致的更高盈利倍數，股票可能會翻倍。華爾街似乎正在重新評估阿里巴巴的股票，使其成為八月份的及時購買。</p>
</div><h2>Too cheap to ignore</h2>
<div class="lb-trans"><h2>便宜到無法忽視</h2>
</div><p><strong>Jennifer Saibil (Lululemon):</strong> Lululemon has been having a very tough time over the past few years, and its stock is down around 45% in 2025 alone. However, at the current price, it looks like the market is overselling it, and it's trading at a bargain price.</p>
<div class="lb-trans"><p><strong>詹妮弗·賽比爾（Lululemon）：</strong> Lululemon 在過去幾年中經歷了非常艱難的時光，其股票在 2025 年僅下跌了約 45%。然而，在當前價格下，市場似乎對其過度拋售，正在以便宜的價格交易。</p>
</div><p>After many years of strong growth, that growth has decelerated sharply. There are several factors working against it, including pressure in discretionary spending and increasing competition. Lululemon helped create the athleisure movement, but there are low barriers to entry in its industry. In fact, in the premium athleisure space, customers are often looking for the next important and exclusive brand. On top of that, there have been worries about how Lululemon will be affected by tariffs. It's no wonder investors have been losing enthusiasm for the stock.</p>
<div class="lb-trans"><p>經過多年的強勁增長後，增長急劇放緩。多種因素對其造成壓力，包括可支配支出的壓力和競爭加劇。Lululemon 幫助創造了運動休閒風潮，但其行業的進入壁壘較低。事實上，在高端運動休閒領域，客户通常在尋找下一個重要和獨特的品牌。此外，關於 Lululemon 如何受到關税影響的擔憂也在增加。難怪投資者對該股票失去了熱情。</p>
</div><p>The 2025 fiscal first quarter (ended May 4) did little to quell the pessimism. Sales increased 7% year over year in the quarter, but comparable sales (comps) were up only 1%. Even worse, they decreased 2% in the Americas region. Management maintained its guidance for a mid-single-digit increase in revenue for the full year, but it revised its guidance down for full-year earnings per share (EPS).</p>
<div class="lb-trans"><p>2025 財年第一季度（截至 5 月 4 日）並未平息悲觀情緒。該季度銷售同比增長 7%，但可比銷售（comps）僅增長 1%。更糟的是，北美地區下降了 2%。管理層維持了全年收入中等個位數增長的指引，但下調了全年每股收益（EPS）的指引。</p>
</div><p>However, there's reason for optimism. Lululemon stock trades at a P/E ratio of only 14, and at this price, it looks like a good value. Lululemon is highly profitable with an operating margin of 18.5%. That was down 1.1 percentage points from last year in the first quarter, mostly due to tariffs. However, it's still industry-leading, way above similar athletic wear and regular apparel companies.</p>
<div class="lb-trans"><p>然而，仍然有樂觀的理由。Lululemon 的股票市盈率僅為 14，在這個價格下，看起來是個不錯的價值。Lululemon 的盈利能力很高，營業利潤率為 18.5%。在第一季度，這一數字比去年下降了 1.1 個百分點，主要是由於關税。然而，這仍然是行業領先，遠高於類似的運動服和普通服裝公司。</p>
</div><p>The tariffs situation could be improving as the Trump administration continues to make deals with other countries. And in terms of other countries, although the Americas market has been disappointing, Lululemon is doing very well in China, where sales increased 22% over last year in Q1.</p>
<div class="lb-trans"><p>隨着特朗普政府繼續與其他國家達成協議，關税情況可能會改善。至於其他國家，儘管美洲市場表現令人失望，但 Lululemon 在中國表現良好，第一季度銷售同比增長 22%。</p>
</div><p>At the current price, it could finally be time to give Lululemon stock another shot, especially if you're looking for a value stock.</p>
<div class="lb-trans"><p>在當前價格下，可能是時候再次考慮 Lululemon 的股票，特別是如果你在尋找價值股。</p>
</div><h2>A turnaround is afoot at VF Corp.</h2>
<div class="lb-trans"><h2>威富集團正在轉變。</h2>
</div><p><strong>Jeremy Bowman (VF Corp):</strong> With the broad market at an all-time high, it may be a good time for investors to look to beaten-down stocks that could be undervalued.</p>
<div class="lb-trans"><p><strong>傑里米·鮑曼（威富集團）：</strong> 隨着整體市場達到歷史新高，投資者可能是時候關注那些被打壓的、可能被低估的股票。</p>
</div><p>VF Corp. looks like one of those stocks right now. The apparel brand manager, which owns brands like Vans, The North Face, Timberland, and Dickies, has been one of the worst-performing apparel stocks in the market over the last five years. The stock is down about 85% from its peak in 2021.</p>
<div class="lb-trans"><p>威富集團目前看起來就是這樣的股票之一。這家服裝品牌管理公司擁有 Vans、The North Face、Timberland 和 Dickies 等品牌，在過去五年中一直是市場上表現最差的服裝股票之一。該股票自 2021 年峯值以來下跌了約 85%。</p>
</div><p>Weakness at Vans, a dividend cut, and broader headwinds on consumer discretionary products all weighed on the stock, but VF Corp. showed signs of a turnaround in the fiscal Q1 earnings report on Wednesday.</p>
<div class="lb-trans"><p>Vans 的疲軟、股息削減以及消費品的整體逆風都對股票造成了壓力，但威富集團在週三的財報中顯示出轉機的跡象。</p>
</div><p>While overall revenue was flat, the company delivered solid growth at all of its core brands except Vans, which is going through a &#34;channel rationalization,&#34; meaning management is reducing the number of distribution points. However, Timberland was up 11%, and The North Face was up 6%. Vans, on the other hand, was down 14%, but the overall business is healthier than it might look.</p>
<div class="lb-trans"><p>儘管整體收入持平，但公司在所有核心品牌（除了 Vans）中都實現了穩健增長，Vans 正在經歷 “渠道整合”，這意味着管理層正在減少分銷點的數量。然而，Timberland 增長了 11%，The North Face 增長了 6%。另一方面，Vans 下降了 14%，但整體業務比看起來要健康。</p>
</div><p>If management can stabilize Vans and improve profitability, the company should be on good footing. Its adjusted operating loss was much better than expected in Q1, and management's guidance calls for full-year growth in adjusted operating income and free cash flow.</p>
<div class="lb-trans"><p>如果管理層能夠穩定 Vans 並改善盈利能力，公司應該會處於良好的基礎上。其調整後的營業虧損在第一季度遠好於預期，管理層的指引預計全年調整後的營業收入和自由現金流將增長。</p>
</div><p>VF Corp. now trades at a price-to-sales ratio of just 0.5. That gives the stock upside potential if it can achieve a profit margin of just 5%, which would equal a price-to-earnings ratio of just 10 at the current P/S ratio.</p>
<div class="lb-trans"><p>VF Corp. 目前的市銷率僅為 0.5。如果它能夠實現 5% 的利潤率，這將使股票具有上漲潛力，當前的市銷率下對應的市盈率僅為 10。</p>
</div><p>For a company with a set of well-known premium brands, that should be achievable. If the turnaround continues to make progress, VF could double or triple from here.</p>
<div class="lb-trans"><p>對於一家擁有一系列知名高端品牌的公司來説，這應該是可以實現的。如果業務的復甦持續取得進展，VF 的股價可能會在此基礎上翻倍或三倍。</p>
</div>

3 Top Stocks to Buy With $1,000 in August

- 2025 年股市表現強勁，S&P 500 接近歷史新高。  
- 阿里巴巴、Lululemon 和 VF Corp 被認為是值得投資的公司。  
- 阿里巴巴雲服務和電商增長顯著，Lululemon 在中國市場表現良好。

八月份值得用 1000 美元購買的三隻頂級股票