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6 Expensive Stocks Worth Buying: Contrarian Strategy

The traditional advice is “buy low, sell high,” but one might want to consider buying high and selling higher, according to Scott Kessler, equity analyst for Standard & Poor’s, and Todd Horowitz, chief strategist at Adam Mesh Trading Group.

“Just because the stock prices are high doesn’t mean there isn’t a lot of value,” Kessler told CNBC.

Even with a higher price, there's still potential for appreciation in certain names, he explained.

Despite the volatility in the stock market, Horowitz believes it's a wise choice to purchase higher-priced stocks.

“Through all the trouble we’ve had in the market, these stocks have continued to climb higher,” Horowitz said adding, “So I’m willing to buy high, and sell higher.”

Kessler Recommends:

Apple

Visa

Google

Horowitz Recommends:

AmBev

AutoZone

CME

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Disclosures:

Disclosure information was not available for Kessler or Horowitz.

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