<p>嘗試在股票低點買入的問題在於，只有在股票已經觸底之後，你才能知道它是否真的觸底。在拋售過程中，無法知道它最終會跌到多低，直到在觸底並穩定之後很久。</p>
<p><strong>聯合健康集團</strong>（UNH 1.91%）的股票今年大幅下跌，期間創下新低。然而，最近它開始反彈，似乎狀況有所好轉。是什麼導致了該股票近期價值的激增？這是否意味着現在買入是安全的？</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>圖片來源：Getty Images。</p>
<h2>聯合健康的業務是否終於顯示出穩定的跡象？</h2>
<p>這家領先的健康保險公司在過去幾個月中面臨多重挑戰，包括首席執行官更換和季度業績不佳。但幾周前，它透露了對未來一年的樂觀展望。</p>
<p>根據初步評估，該公司預計到 2026 年，約 78% 的會員將加入高評級的醫療保險計劃（至少四星）。加入高評級計劃確保了來自政府的更大支付。在宣佈這一令人安心的預測時，給投資者帶來了一些信心，表明業務走在正確的軌道上。</p>
<p>聯合健康還重申了 2025 年的調整後每股收益預測。今年 7 月，它表示調整後的每股利潤將至少為 16 美元。儘管這一數字遠低於華爾街接近 21 美元的預期，但仍然有望達到當前的指導方針，至少表明醫療公司可能不會變得更糟。</p>
<h2>自從獲得伯克希爾哈撒韋的投資以來，股票表現良好</h2>
<p>自 8 月中旬以來，聯合健康的表現相當不錯，當時投資者得知 <strong>伯克希爾哈撒韋</strong> 購買了 500 萬股該公司的股票。沃倫·巴菲特所經營的公司專注於價值股票，並利用估值較低的機會。這促使許多投資者跟風購買聯合健康的股票，推動了小幅反彈。</p>
<p>在這一消息之前，這隻醫療股票徘徊在 270 美元左右，而截至上週末，它的收盤價超過 336 美元。自那時以來，聯合健康表現良好，最新的發展表明情況已經穩定，可能會進一步讓投資者放心，股票的拋售可能終於結束。</p>
<p>聯合健康在過去 12 個月中報告了 213 億美元的利潤，仍然是一隻強勁的藍籌股。</p>
<h2>聯合健康的股票是否已經觸底？</h2>
<p>即使在股票近期反彈的情況下，聯合健康在過去 12 個月中仍然下跌超過 40%。它的交易價格接近其過去收益的 15 倍，仍然是一隻相對便宜的股票。</p>
<p>好消息是，由於大量負面因素已經有效地反映在股票價格中，目前可能沒有太多下行風險。當然，股票可能會進一步下跌，但我認為這種可能性不大。除非出現令人擔憂的新發展，否則我相信它在今年早些時候觸及 234.60 美元的低點時確實已經觸底。我不認為它會再次跌到那個低點，因為市場顯然對圍繞該公司的大量壞消息反應過度。</p>
<p>如果你是長期投資者，現在可能是大量購買聯合健康股票的好時機，特別是其 2.6% 的股息收益率高於 <strong>標準普爾 500</strong> 的平均水平，僅為 1.2%。</p>

聯合健康

<p>聯合健康集團的股票今年經歷了顯著下跌，但正在顯示出復甦的跡象。該公司最近對 2026 年提供了積極的展望，預計 78% 的成員將加入高評級的醫療保險計劃，這可能會導致政府支付的增加。在伯克希爾哈撒韋的投資後，股價從約 270 美元上漲至 336 美元以上。儘管過去一年下跌了 40%，分析師認為該股票可能已經觸底，成為長期投資者潛在的吸引力買入選擇，特別是其股息收益率為 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>嘗試在股票低點買入的問題在於，只有在股票已經觸底之後，你才能知道它是否真的觸底。在拋售過程中，無法知道它最終會跌到多低，直到在觸底並穩定之後很久。</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>聯合健康集團</strong>（UNH 1.91%）的股票今年大幅下跌，期間創下新低。然而，最近它開始反彈，似乎狀況有所好轉。是什麼導致了該股票近期價值的激增？這是否意味着現在買入是安全的？</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>圖片來源：Getty Images。</p>
</div><h2>Is UnitedHealth's business finally showing signs of stability?</h2>
<div class="lb-trans"><h2>聯合健康的業務是否終於顯示出穩定的跡象？</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>這家領先的健康保險公司在過去幾個月中面臨多重挑戰，包括首席執行官更換和季度業績不佳。但幾周前，它透露了對未來一年的樂觀展望。</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>根據初步評估，該公司預計到 2026 年，約 78% 的會員將加入高評級的醫療保險計劃（至少四星）。加入高評級計劃確保了來自政府的更大支付。在宣佈這一令人安心的預測時，給投資者帶來了一些信心，表明業務走在正確的軌道上。</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>聯合健康還重申了 2025 年的調整後每股收益預測。今年 7 月，它表示調整後的每股利潤將至少為 16 美元。儘管這一數字遠低於華爾街接近 21 美元的預期，但仍然有望達到當前的指導方針，至少表明醫療公司可能不會變得更糟。</p>
</div><h2>The stock has been doing well since receiving an investment from Berkshire Hathaway</h2>
<div class="lb-trans"><h2>自從獲得伯克希爾哈撒韋的投資以來，股票表現良好</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 月中旬以來，聯合健康的表現相當不錯，當時投資者得知 <strong>伯克希爾哈撒韋</strong> 購買了 500 萬股該公司的股票。沃倫·巴菲特所經營的公司專注於價值股票，並利用估值較低的機會。這促使許多投資者跟風購買聯合健康的股票，推動了小幅反彈。</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>在這一消息之前，這隻醫療股票徘徊在 270 美元左右，而截至上週末，它的收盤價超過 336 美元。自那時以來，聯合健康表現良好，最新的發展表明情況已經穩定，可能會進一步讓投資者放心，股票的拋售可能終於結束。</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>聯合健康在過去 12 個月中報告了 213 億美元的利潤，仍然是一隻強勁的藍籌股。</p>
</div><h2>Has UnitedHealth stock bottomed out?</h2>
<div class="lb-trans"><h2>聯合健康的股票是否已經觸底？</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>即使在股票近期反彈的情況下，聯合健康在過去 12 個月中仍然下跌超過 40%。它的交易價格接近其過去收益的 15 倍，仍然是一隻相對便宜的股票。</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，由於大量負面因素已經有效地反映在股票價格中，目前可能沒有太多下行風險。當然，股票可能會進一步下跌，但我認為這種可能性不大。除非出現令人擔憂的新發展，否則我相信它在今年早些時候觸及 234.60 美元的低點時確實已經觸底。我不認為它會再次跌到那個低點，因為市場顯然對圍繞該公司的大量壞消息反應過度。</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>如果你是長期投資者，現在可能是大量購買聯合健康股票的好時機，特別是其 2.6% 的股息收益率高於 <strong>標準普爾 500</strong> 的平均水平，僅為 1.2%。</p>
</div>

聯合健康集團的股票是否已經度過了最糟糕的時期？