Status symbols come in all shapes and sizes, but there’s no doubt they all stem from envy — whether you’re the one flaunting wealth to make onlookers jealous, or the one drooling over the elite’s toys.
Luxury cars are an especially popular avenue for showing off, as they can be displayed even to random strangers on the street … and there’s no faking it. Unless you’re an expert, the same probably can’t be said with Coach (COH) purses or Michael Kors (KORS) diamonds.
That makes German automaker Daimler (DDAIF) — best known for its iconic and fabulous Mercedes-Benz line — a prime example of this sin.
The undervalued company recently snuck into the top five of InvestorPlace‘s Best Stocks of 2013 contest thanks in part to its high-end brand, which can weather currency fluctuations and downturns. As Charles Sizemore put it, “If you can afford a $70,000 car, then you’re going to buy the car you want.”