Who says that there is no growth potential in high-priced stocks? Not only do you have the same potential to achieve capital appreciation as lower-priced shares, but higher-priced stocks can also provide added income from dividends.
Stockpickr has reviewed the stocks that sell for over $100 a share, extracted the ones with the highest yields and compiled them in a portfolio called the
is a stock that sells for over $100 a share in spite of the fact that it has dropped in price during the last month along with many other bank stocks. It yields 5.9%.
The chief executive of the bank, Josef Ackermann, called for more transparency and overhauling of investment banks in a recent speech at the London School of Economics, according to a
report. The company's earnings announcement is scheduled for Feb. 7. The stock has a
price-to-earnings (P/E) ratio of 8 and a P/E-to-growth (PEG) ratio of 0.6.
Deutsche Bank is also featured in the portfolio of
, which invests at least 80% of its portfolio in U.S. and foreign financial services stocks. The fund, which is rated four stars by Morningstar, also owns
, which yields 3.8%,
Bank of America
, which yields 6.9%, and
, which has a yield of 1.3%.
Another high-yield, triple-digit stock is
Imperial Tobacco Group
( ITY), which yields 3.9%. The stock last week was selling for about $100 but has fallen sharply in the last few days along with the broader market. This British tobacco producer just received approval from Spanish regulators for the takeover of
. Imperial has a P/E of 17 and a PEG of 1.8.
One fund that owns Imperial shares is the
, which invests in companies that provide products or services that are considered socially irresponsible. It also holds
, which yields 3.8%,
, at a 4% yield, and
, which yields 2.3%.
, a stock that sells for around $118 a share and yields 2.7%. This New Orleans-based electric utility has a P/E of 18 and a PEG of 1.8.
Entergy also shows up in
, a portfolio on Stockpickr that also includes
, which yields 0.3%,
, yielding 2%, and
, at 2.8%.
For more stocks that sell for over $100 a share and pay high yields, check out the
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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