Believe It or Not, These $100+ Stocks Are Cheap

Everyone loves a $5 stock that doubles, including me. But right now I'm finding some of the biggest gains are coming from stocks trading in the $100 range. Don't make the mistake of thinking a $100 stock is expensive. With growth rates going through the roof and strong buying pressure, these stocks should prove to be bargains at current valuations.

I'm here to help you make money year in and year out and right now there's money to be made in the five stocks I'm going to tell you about today. Let's start with Apple (AAPL) and Amazon.com (AMZN).

Both of these companies have been on my favorites list for more than a year. I first recommended APPL in October of 2009 when shares were nearly $190 apiece! I'm sure there were people out there who thought I was crazy, but with the launch of iPhone 4 and the iPad since and shares now trading around $330, crazy like a fox is more like it. And right now I still like the company at current prices and would recommend it for purchase in just about any portfolio.

The same is true for AMZN. I recommended this one in my Blue Chip Growth service back in June of 2009 when shares were about $83 a share. This may have seemed like a pricey stock in a sector that many were writing off–online retail–but I saw the potential for the company to grab customers looking for a bargain. And boy has that paid off. The stock is up 122% for my subscribers and even with shares trading over $185 right now, I still think the company has a bright future.

Across all four of my newsletters, there are about 14 stocks trading near or above $100 a share. In addition to AAPL and AMZN, the three that I like best right now are Netflix (NFLX), Novo Nordisk A/S (NVO) and Millicom International (MICC).

These are fantastic companies with incredible growth prospects that you shouldn't be afraid to buy at current prices.

Netflix (NFLX): This movie rental company has developed an ingenious business model built around the idea that individuals don't want to leave their houses in order to rent a movie. Instead, Netflix sends movies directly to consumers; through the mail… people walk no further than their mailboxes to rent DVDs. Netflix says that it ships around 2 million DVDs every day. It also streams thousands of movies directly to subscribers through their computers and video game consoles at no extra charge. Netflix caters to the "inner couch potato," and since we all have that potato inside of us to some degree, it should come as no surprise that the company boasts more than 12 million subscribers! NFLX currently trades at about $178 a share and I'm recommending it as a buy in Emerging Growth.

Novo Nordisk A/S (NVO): This company has made multiple appearances on my Buy Lists because it is one of the world's leading producers of insulin. The company also makes insulin injection devices and diabetes education materials. Its products include Levemir and NovoLog (which mimic natural insulin regulation more closely than human insulin) and FlexPen, a prefilled insulin injection tool. In addition to its diabetes portfolio, Novo Nordisk also has products in the areas of blood clotting management, human growth hormone regimens and hormone replacement therapies. Forward growth estimates are compelling and that's why this $111 stock is a top buy in my Global Growth service.

Millicom International (MICC): As you can probably guess by the name, Millicom provides cellular phone service. It has more than 23 million subscribers in 16 emerging markets. These are subscribers who typically have limited landline exposure because of a lack of infrastructure. Millicon's core market is Latin America, where it does approximately 75% of its business, but the company also has cellular operations and licenses in countries in Africa and Asia. Nearly all of Millicom's subscribers are prepaid wireless service users. This gives the company a great opportunity to upsell its products to this new customer base and ensure growth for the company. MICC is trading just under $100 right now and I'm betting that it will cross the $100 threshold and more in the weeks to come. My Quantum Growth subscribers are up about 3% in this position, but it's really early in the game for MICC and there's still time for you to grab your share of the profits in this play.