Many investors start their searches for new stocks to buy by looking at those that have been beaten down. That strategy makes sense. Why pay a higher price for a quality company when you can pay a lower one for it?

Not every great pick has to be purchased while it's discounted, however. Plenty of stocks are still worth stepping into even when they're on their way up.

Investors have been flocking to these three Dow Jones Industrial Average (DJINDICES: ^DJI) constituents lately, pushing their valuations higher. But they're still worth buying at their present prices.

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Source Fool.com