3 Hot Stocks That Can Live Up to Their Lofty Valuations

Owning outstanding businesses is one thing. Buying them at attractive prices is the other side of the equation. The combination of these two, however, can lead to stock market outperformance over the long term. 

Often, some of the best companies trade at what initially seem like expensive valuations. But it might be a smart idea to pay up for a quality stock with competitive advantages and a solid growth outlook. 

Here are three hot stocks that could be worth their high prices. 

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Source Fool.com