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InvestorPlace.com Editor Jeff Reeves on the three stocks over $300 that could boost investors’ portfolios.
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Oh all right so when you think a stock's price over 300 box apple probably the first name it comes to mind but there are a lot of names out there don't know also -- Pricey well comparatively when you look at their price to earnings ratio but we've got somebody here who says.
Do not be frightened off by the big price -- -- those names are actually worth every single penny.
Jefferies is the editor of investor place dot com he's picked out three names over 300 dollars a share.
That he likes bright now how to pick these first of all.
Well number one I think that investors should note in chief doesn't necessarily mean better anybody about three shares of of 100 dollar soccer a hundred shares for three dollar stock.
Up 10% is up 10% that's your portfolio so they -- that misconception they wanna mind round lots -- two shares of apple has been done.
We're pretty good free over the last year let's -- he -- the three that you like.
Either through -- ally and a seller Priceline I think there's -- and in the news a lot lately because this cut its guidance.
I think that frankly presents a little oversold earlier this year is up around 750 but after the flop it's actually got -- PE of fifteen volatility in Asia is coming back cut back.
Well -- -- -- a hundred bucks yeah I mean -- is generous good deal for the company but more importantly I mean.
I don't understand -- -- us negativity about it you know European operations being soft as you can fill in the blank for that for guidance and any country there are companies are around the world these days is if you the European.
Crisis is weighing on the bottom line for parts plants everybody is not a surprise so I think it's been a little oversold because of that it's grown at twenty to 30% annual -- clip on on bookings and revenue on earnings are a lot of growth stories right now and -- -- might be -- but I mean I think it's would have done.
European exposure those 60% of the business would you say don't be scared by the way the stock is up 278%.
Over the past three years yet.
And any if if you wanna be their first you don't wanna be there whenever it was just like -- solve the present are gains -- already been made so if we wanna get in long term you wanna be helpful let's get -- -- your next pick intuitive surgical.
Yeah I really like this company number one because I think demographic plays are important for your portfolio.
-- -- getting older than anybody care this is a company that provides -- surgery for cancer for heart disease so I mean those -- two really big growth areas in the medical industry health -- is recession -- -- in the right place at the right time -- -- incredible technology -- -- you worried about the attacks in the pump Obama healthcare law on medical device makers I mean that the bottom line is that if you have a device that is is revolutionaries into -- -- -- -- -- like -- they grow the revenue and profit -- -- a dozen -- earnings.
Increases year over year over seventeen revenue increases year over year they continue to sell more to stop so -- the bottom line is I'm not concerned because you can sell enough to make up for that our company.
Right of -- being product is that division chief certain.
Surgical system let's get your last one and that is AutoZone market like that I like AutoZone because it is it's the biggest in the auto parts -- -- just opens it's 5000 store and if if you look at even numbers.
The average age of the vehicle on the road is eleven years -- -- averaging and you measure these clunkers that are going around any brake pads you know people got -- oil so I mean there there's just a trend among consumers and -- buying as many new vehicles anymore they want.
Kind of repair the old ones AutoZone as is the leader in that category -- seen big growth.
Continue to see being growth and if you look at the peers -- that's -- apart fell off a cliff in June.
A lot of the other companies -- O -- of also fall off -- -- -- -- a little more strengths lie like that but again it's a long term.
Play based on the fact that I mean older cars are just on the -- -- can be put off by the price tag alright Jeffrey gives investors place not commented I think excellent -- -- a -- -- video.
