3 expensive stocks worth every penny
Look past the high prices for potential earnings.
By Louis Navellier, InvestorPlace.com
High-priced stocks are certainly not right for every investor, but for those who are willing to dive into pricey shares, it’s important to know if the risk will be worth the reward. With the right pick, a solid outlook can translate into a high-value investment.
Here are 3 stocks with shares trading well into triple digits that would not surprise anyone with a steady rise in current asking price in the days to come.
A stock with a history of stellar performance for its shareholders, EPS trend estimates for Apple appear to be only looking up for the next year or more. Apple shares are a conservative risk, but with a cult following such as the one it has amassed, the consumer demand will likely keep AAPL healthy for the foreseeable future. (Related Article: iPad Frenzy Hits Asia)
With quarterly sales growth in Q2 of 41%, and estimates for Q3 between 27% and 40%, AMZN stock may be a lot of weight out of the wallet, but it is a moderately aggressive risk if it continues to perform well in such a highly competitive and quickly evolving market. (Related Article: Amazon ebooks outsell hardcover titles)
The company had an excellent first quarter, posting a 25% year-over-year growth from the same period in 2009, and although revenue during Q2 didn’t live up to analysts’ expectations, thew company still beat earning estimates.
Netflix should continue to expand in the months ahead, with plans to offer subscription services in Canada as its first step toward international growth. Buying shares in this industry visionary might be a calculated risk that could give back big. (Related Article: Netflix goes global with streaming in Canada)
For my complete list of 5 expensive Stocks Worth Every Penny, follow this link.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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