Many investors are often blinded by hefty price tags and thus avoid nominally expensive stocks, but Priceline has proved to be one rock-solid investment. Since Jan. 1, the stock’s soared 60%, around three times the broader market.
But more important, investors should remember that it really doesn’t matter what you pay for a single share of a stock. Whether you’re holding a $1,000 share of Priceline or 100 shares of a $10 stock, a 10% gain or loss will work out to the exact same amount of moolah.
And at the same time, some stock with a huge price tags may actually be better deals than picks with a smaller share price but higher valuation.
With that in mind, let’s take a look at a few “expensive stocks” that are worth your consideration despite their eye-popping price tags.