The stock market has enjoyed a phenomenal 2023. And while it can seem counterintuitive to buy a stock at a higher price today than it was just a few months ago, sometimes that's the exact kind of decision that leads to outsize returns.

There's a fine line between buying a red-hot stock because it could keep going up and buying a stock because the fundamentals suggest that the company is still worth investing in. (NASDAQ: AAPL), Baker Hughes (NASDAQ: BKR), and nVent Electric (NYSE: NVT), are three businesses at the top of their game and have a bright future ahead of them. Here's why each is worth buying in August.

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Source Fool.com