Just like one can got to work instead of sitting at home, one can put money to work in order to generate more money. The best way to do this is to invest in stocks. Although it is safer to invest in fixed income schemes, it is more profitable in the long run to invest in the stock market. However, investing in the right stock is very important.
There exist some stocks that are guaranteed to make you a profit provided you sell them at the right time. Here are the top 10 most expensive stocks in the world of 2017.
List of World’s Top 10 Most Expensive Stocks in 2017
10. Chipotle Mexican Grill ($428)
The American and fast food chain currently trades on the New York Stock Exchange using the symbol CMG. Serving in over 2,000 locations spread across 6 countries, the CMG stock has grown about eleven times since its initial listing. Known especially for their tacos and burritos, Chipotle Mexican Grill has made it their mission to use naturally grown ingredients at their stores and restaurants.
9. Intuitive Surgical ($545)
Intuitive Surgical is a company that makes robotic surgical instruments and probably has the most opportunity for growth on our list. The creator of the revolutionary da Vinci Surgical System, the company currently trades in NASDAQ. The da Vinci System was created to improve upon conventional surgical procedures and allows surgery to be executed by means of robotic manipulators. The company kept growing throughout the last decade but has observed some lag in the last few years.
8. Amazon.com ($581)
Starting out as an internet book seller, Amazon.com has become the largest e-retailer in the United States and the entire world judging by total sales and market capitalization. Based in Seattle, the company sells a large variety of goods and even manufactures electronic products – most popular among them being the Amazon Kindle e-readers and Fire tablets. Founded by Jeff Bezos, Amazon.com has now passed Walmart as the most valued retailer in the United States.
7. Alphabet Inc. ($700)
Alphabet Inc. is a multinational conglomerate most known for being the parent company of internet search engine Google. The corporation was started by Larry Page and Sergey Brin in 2015 and often struggles with Apple for the position of the most valuable company in the world. Alphabet trades on the NASDAQ under stickers GOOG and GOOGL which were formerly used by Google. The company was established to allow greater autonomic to arms of Google that do not deal with Internet related services.
6. AutoZone ($703)
Based in Memphis, Tennessee this American automobile company is one of the largest auto parts and accessories retailer in the country. It trades on the New York Stock Exchange using the symbol AZO and is one of the best performing and expensive stocks of the year so far. Founded in 1979 as a wholesale grocer unit known as Auto Shack, the company now has over 5000 stores spread across the United States, Brazil and Mexico employing around 70,000 people. AutoZone holds the naming rights to the Memphis baseball stadium, home of the Memphis Redbirds.
5. Markel Corporation ($838)
Markel Corporation is a financial holding company that trades on the New York Stock Exchange under MKL symbol. Indulging in insurance, reinsurance and investment all over the globe the company has its headquarters in Virginia. Founded in 1930 and listed on the NASDAQ in 1968, the company has grown immensely since then owning 60 offices in 20 countries. The company prides itself on their unique “Markel Style” that influences their every decision and inspires their employees.
4. Priceline Group Inc. ($1,098)
The Priceline Group is one of the largest online travel agents in America and it operates in over 200 countries. The company currently trades under the sticker PCLN on the NASDAQ. The hugely successful company had its IPO in 1999 and broke the record for the highest value generated on the first day by reaching $12.9 billion in market value. Priceline Group works mainly through six brands namely Booking.com, KAYAK, agoda.com, OpenTable, Rentalcars.com and priceline.com.
3. NVR Inc. ($1,526)
A home building and mortgage establishment based in Virginia, NVR Inc. currently trades on the New York Stock Exchange using the symbol NVR. Although operating in only 15 states across the country the company has made buying a home possible for over 365,000 companies. The expanding company constructs expensive homes under many trade names and in the last five years the NVR stock has more than doubled. The company got into trouble for consumer fraud in 2010 when operating in Delaware under the name “Ryan Homes”.
2. Seaboard Corporation ($2,606)
The Seaboard Corporation is a multinational Fortune 500 giant that currently trades under the sticker SEB on the New York Stock Exchange. Engaged in a diverse agribusiness sector and transportation, the company’s main business is pork production and transportation across the oceans. Including its subsidiaries, the Seaboard Corporation which is headquartered in Kansas, employs over 23,000 people in 45 countries. The company which is nearly a century old has often been accused of animal cruelty and misappropriation of land.
1. Berkshire Hathaway Inc. ($190,499)
Trading on the New York Stock Exchange with the only six figure stock price, Berkshire Hathaway is undoubtedly one of the expensive stocks and most valuable on the planet. Controlled by the enigmatic Warren Buffet, one of the most successful investors of all time, this company owns minority holdings in huge brands like American Express, Coca Cola, Wells Fargo and IBM. It wholly owns successful enterprises such as GEICO, BNSF, Dairy Queen, Lubrizol and NetJets. Headquartered in Nebraska, Berkshire Hathaway is said to be the fifth largest public company in the world.
It should be kept in mind that stock market prices are subject to fluctuations and price of a stock can fall or rise tremendously in a short amount of time. So it would be no surprise if most stocks on our list do not maintain their position or are replaced by new ones as their prices vary. However investing in one of these expensive stocks can be considered a safe bet and one can usually expect to earn their money back.