Three Expensive Stocks Worth Every Penny

Apple Inc. (AAPL): It's easy to see why Apple is leading the tech revolution, from digital media distribution to smart phones to personal computing. The colossal success experienced with its iPhone and iPad sales kept this industry-leader riding high this past quarter, with record revenues and 78% earnings growth for Q3. A stock with a history of stellar performance for its shareholders, EPS trend estimates for Apple appear to be only looking up for the next year or more. Apple shares are a conservative risk, but with a cult following such as the one it has amassed, the consumer demand will likely keep AAPL healthy for the foreseeable future.

Amazon.com (AMZN): Amazon started as world's biggest bookstore, but has rapidly become the planet's biggest anything store. Relentless expansion has propelled Amazon in countless directions in the quest of bigger sales and profits. With the growing popularity of digital readers, Amazon has reaped the rewards with its Kindle, which has exceeded its e-book sales numbers from this time last year by more than 200%. With quarterly growth in net sales in Q2 41%, and estimates for Q3 between 27% and 40%, the stock may be a lot of weight out of the wallet, but it is a moderately aggressive risk if it continues to perform well in such a highly competitive and quickly evolving market.

Netflix Inc. (NFLX): Netflix is a movie rental company that has developed an ingenious business model built around the idea that individuals don't want to leave their homes in order to rent a movie. Wall Street severely is underestimating this stock's growth potential. The company had an excellent first quarter, posting a 25% year-over-year growth from the same period in 2009, and although revenue during Q2 didn't live up to analysts' expectations, the company still beat earning estimates. Netflix should continue to expand in the months ahead, with plans to offer subscription services in Canada as its first step toward international growth. Buying shares in this industry visionary might be a calculated risk that could give back big.

As of this writing, Louis Navellier was recommending all three of these stocks to his paid newsletter subscribers. Read more about his investing strategy on InvestorPlace.com.