[Cheap Even at $2,000+] Why These High-Priced Stocks are Still Undervalued

Valuation metrics such as the price-to-earnings (P/E) ratio are the real determinant of company worth. Picks from the Editor SPONSORED (Newsletter Continues Below) Sponsored [Build Wealth 10x Faster By Doing This]( As you know, the stock market has been volatile lately, and there's a lot of uncertainty in the air. But we want to assure you that this is not the time to panic. In fact, it's the time to be buying stocks.[Go HERE to Get Their Names And Ticker Symbols]( By clicking the link you are subscribing to the Summa Money Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( Why These 3 Stocks Are Worth the Investment at $2,000+ Per Share  Hi Traders,  Got your eye on that designer suit but balking at the hefty price tag?  Investing can be a bit like that, you know.  A stock flashing a four-figure price might have you sprinting for the exit. Hang on, don't dash off just yet. It's time to rethink this 'stock sticker shock'.  Thanks to the beauty of fractional share investing, you don't need to dig deep and commit to an entire share. Instead, you can snag less than one share of the company, savoring the joy of equity ownership without the sizable outlay.  Risk, be gone! Many brokerages like Charles Schwab, Robinhood, and SoFi now allow for fractional share purchases, promoting diversification without the heavy-duty investment.  Don't be fooled by the numerical value of a share price.  It’s not a comprehensive view of a company's worth, which is why smart investors look to valuation metrics, like the price-to-earnings (P/E) ratio.  A stock with a $1,000 price tag could offer far more value than one at $100 or $10.  Now, you might wonder why a company wouldn't just split their stock if it's climbing into the $1,000s.  For some, a soaring price is like a luxury car emblem—it's about status, projecting an image of high value.  But in the grand scheme of things, a stock with a high price tag could have the same market value as a stock priced in the teens.  Take AutoZone, Inc., which is currently doing the high jump around the $2,300 per share mark. Despite never having split in its 32-year history, this automotive parts retailer might seem a tad overpriced.  But don't be swayed by the price alone.  AutoZone’s P/E ratio, at 18x, is noticeably cheaper than rival O’Reilly Automotive's 26x, despite the latter's market cap being $11 billion larger. AutoZone, also boasting a healthy buyback program, is more of a value wagon than a luxury sedan.  Booking Holdings Inc., currently the king of the Nasdaq castle with a share price of around $2,700, had its fair share of tribulations, including a reverse 1-for-6 split back in 2003.  Fast forward to today, Booking is one of the leading travel sites, famous for its unique Name Your Own Price feature, and trading at a sensible 20x this year’s earnings estimate.  It seems like the penny stock from yesteryears has evolved into a wise owl.  Then we have Chipotle Mexican Grill, Inc., the Tex-Mex fast-food favorite, simmering near its all-time high of $2,139.88.  One might argue it's a tad spicy, but then again, so are their burrito bowls. Chipotle's proven growth track, ability to hike prices without upsetting patrons, and robust balance sheet, add some enticing flavors to this financial feast.  Yes, the 2023 P/E ratio of 46x might give you a bit of heartburn initially.  But pair it with a side of robust growth, and the valuation becomes quite palatable. Its PEG ratio of 2.2x stacks up favorably against competitors like Wingstop and McDonald’s.  Remember, a higher share price doesn't always mean an overpriced stock, and a lower one doesn't necessarily spell bargain.  At the end of this article, don't let a lofty share price scare you off.  Who knows, the 'high-priced' stock could be your portfolio's missing ingredient. And remember, with Chipotle, the extra guac is always worth it.  Keep on keeping up!  John @ Traders on Trend  (In the next article: Now that we're officially at a bull market, what then now? Find out below! 👇) Sponsored [Exclusive Report: Master Uncertain Markets]( In the world of investing, uncertain markets can be downright terrifying. The fear of losing your hard-earned money can keep you up at night, and the anxiety of not knowing what tomorrow holds can be overwhelming. But what if you could take control of this uncertainty and turn it to your advantage? What if you could not only survive but actually profit from market volatility?[Go HERE to see the Potential Investing Opportunity]( By clicking link you are subscribing to The Bullish Traders Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( Check the Free Presentation Today ☝ SPONSORED A Turning Point: S&P 500 Escapes the Longest Bear Market in Over Seven Decades  Well, grab a cup of coffee, or perhaps a caffeinated energy drink if that's more your speed, because we're about to unpack the hustle and bustle of major equity market indexes in 2023.  You know the ones I'm talking about — the S&P 500 and Nasdaq Composite COMP.  The tech and semiconductor sectors have been turning heads, and I must say, for good reasons.  The undeniable popularity of artificial intelligence has given the likes of Nvidia Corp.  NVDA a VIP pass to the high-achievers party. With a whopping 164.6% rise this year, Nvidia seems to have a secret decoder ring for success.  Consequently, the S&P 500 is humming a cheery tune, up 11.8% year-to-date. Quite the bounce back from a sobering 19.4% pullback in 2022, which had the unfortunate distinction of being the index's worst performance since 2008.  Meanwhile, the Nasdaq has been quite the showstopper too, boasting a 26.3% rise. Remember, this index tends to flirt more with the high-flying tech stocks, giving it a chance to dance in the spotlight.  Now, you may have heard of the 'buy the dip' strategy, which emerged as a darling of short-term traders post the 2008 financial crisis. With interest rates at a ground-zero level (or sometimes even lower), the strategy found its footing in the market's steady climb.  Moving onto the concept of bear and bull markets, which might seem like a baseball match between two rival teams, but it's a tad more complex.   (article continues below) Sponsored [You Can’t Escape Inflation So Profit From It Here]( “Inflation is bad” – yeah we all get it. There’s nothing you can do to stop it though. If you can’t beat ‘em – join ‘em. That means learning to leverage inflation to build your wealth instead of devaluing it.[Claim Your Copy Of Our Research Report FREE]( By clicking this link you are subscribing to Conservative Investor News’s Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( SPONSORED  🔼 Pay attention, this is worth your time! ☝  (article continues)  A jump of 20% from a recent low signals the crowd cheering for the bull, whereas a fall of 20% has the bear growling. However, the market isn't doing a quick costume change with every crossing of the threshold. Think of it more as a theatrical play with two acts.  To switch acts, we need a significant shift in the narrative—another 10% or 20% movement in the opposite direction.  What does the wise old sage of history tell us about what could happen next?  Well, a peek into Dow Jones Market Data shows us that previous bear-market exits have painted an optimistic picture in the span of a month to a year.  But do take note, the variability in these performances is like a game of hopscotch, it's not always a straight line.  Here's something interesting, though. Out of the 14 bear markets since World War II, as pointed out by Sam Stovall of CFRA, only two made an encore with the S&P 500 taking a 20% tumble.  The stock market had a bit of a celebration recently with a rise in first-time jobless claims playing the trump card.  This news bolstered expectations that the Federal Reserve might hold off on changing the interest rates in its upcoming meeting.  Consequently, the S&P 500 and Nasdaq Composite COMP showed off some smooth dance moves with respective increases of 0.6% and 1%. The Dow Jones Industrial Average DJIA wasn't left behind, showcasing a gain of 0.5%.  And now, drumrolls, please.  Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. 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