Recently, I noticed an interesting phenomenon: during this market correction, you can still find some undervalued opportunities. Although the valuation of the S&P 500 looks a bit expensive (close to 30x PE), and geopolitical risks are heating up, if you can ignore short-term noise and plan to hold long-term, there are still plenty of tickers worth getting into.

I’m especially focused on two stocks to buy: Alibaba and Intuitive Machines. Both have the potential to turn a $1,000 small investment into bigger returns.

First, let’s talk about Alibaba. This is China’s largest e-commerce and cloud infrastructure company. Its current stock price is more than 50% below the historical high in October 2020. Why did it drop so sharply? There are mainly three reasons. In 2021, it was hit with a record-breaking fine, and regulators also banned Taobao and Tmall from running exclusive deals and aggressive loss-leader promotions. This directly weakened its defenses against competitors. On top of that, during the pandemic, consumers tightened their spending, and cloud service customers also started to pinch pennies. The U.S.-China trade conflict also scared off a batch of American investors.

But Alibaba didn’t just lie flat. It expanded overseas—Lazada in Southeast Asia, Trendyol in Turkey, Daraz in South Asia, and the cross-border e-commerce platform AliExpress. At the same time, Cainiao logistics is speeding up, using AI to optimize recommendations and merchant tools to shorten delivery times. The cloud business is even more interesting— the rapid growth of the Qwen large model has brought a new growth engine to cloud services. Analysts expect that from fiscal year 2025 to fiscal year 2028, Alibaba’s revenue and EPS compound annual growth rates can reach 8% and 10%, respectively. Even though the era of high growth has passed, an 18x PE valuation really does look cheap.

Next, let’s look at Intuitive Machines. This company, which makes lunar landers and rovers, has been very hot lately. In February last year, it sent Odysseus to the Moon (this was NASA’s first lunar landing since 1972), and in March this year, it sent Athena as well. After that, there’s a planned third mission, IM-3. It not only has NASA contracts for lunar landings, but also includes lunar terrain vehicles, near-space network services, lunar communications, and logistics solutions. In the long run, Intuitive Machines wants to become a “one-stop shop” for space transportation services. Recently, it also acquired Lanteris Space Systems to accelerate this transition and reduce dependence on NASA missions.

The growth numbers are tempting: revenue is expected to multiply fivefold from 2025 to 2027, it turns profitable in 2026, and net profit could multiply fivefold again in 2027. Even though this is a company with explosive growth, it’s valued at only 2x PS. The problem also exists—its first two landers flipped over when landing, and data return is limited. If IM-3 also goes wrong, NASA may reconsider. Federal spending cuts could also affect contracts. Competitors are increasing too. But once it gets through these challenges, there’s a lot of upside room in the stock price.

So, should you buy these stock to buy? It depends on your risk tolerance and time horizon. But from a long-term value perspective, both are worth keeping an eye on.