U.S. markets closed

Two Pros Discuss The $1K Stocks Worth Buying

Jayson Derrick

Out of the 500 stocks that comprise the S&P index, only five trade north of $1,000 per share: Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon.com, Inc. (NASDAQ: AMZN), AutoZone, Inc. (NYSE: AZO), Booking Holdings Inc (NASDAQ: BKNG) and NVR, Inc. (NYSE: NVR).

Two experts guested on CNBC's "Trading Nation" to discuss which of these five names should be bought by investors.


AutoZone's stock has been a "very consistent" winner over the past two decades, even in 2008 and 2009, when the stock showed just a "little bit of a drop," said Danielle Shay, director of options at Simpler Trading.

Over a more recent timeline, the company has shown consistent earnings growth and analysts are expecting another 3% earnings growth in its March 3 earnings report.

AutoZone is also well-positioned to cater to a growing demographic of people wanting to fix up their older cars instead of buying a new one, Shay said. This comes at a time when the economy is starting to "stutter a little bit," she said.


Amazon's stock broke out to a new all-time high in early 2020 and did so in a "very meaningful manner," Miller Tabak chief market strategist Matt Maley said on "Trading Nation."

Amazon's stock still needs to "play catch" with other "high-flying names," as its recent breakout is still shy of what other momentum stocks have shown, he said.

Related Links:

AutoZone Stock Down, But Sell-Side Says Engine Running Just Fine

Amazon Purges Three Last-Mile Vendors This Week


See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.