3 Soaring Stocks I'd Buy Now With No Hesitation

Looking for investments with both serious momentum and staying power

See why these rising stars made my "buy" list in July

Some stocks don't catch my eye unless they're really affordable

Starting a new position at a low price helps me in several ways: I'm more ly to take a calculated chance on a risky idea

The stock will be poised for greater long-term returns if the investment thesis plays out in my favor

This is also a classic way to in the footsteps of legends Warren Buffett. "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price," Buffett said

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But there are a handful of stocks that would be fantastic buys even at a soaring valuation

These are the growth stories I understand and trust so well that I don't mind a premium price tag

You never know where any stock will go in the short term, and maybe you'll see a dip or correction along the way -- but these stocks are primed for long-term success and might never be this affordable again

Everything is relative on Wall Street

Let me explain so you can determine whether these elevated stocks are right for your portfolio, too

New ideas such as ad-based subscription plans and a crackdown on account-sharing shenanigans are making a difference, and the long-term growth opportunity is as large as ever

The stock trades at 61 times earnings and 74 times free cash flows -- lofty territory even for a ven high-growth performer

At the same time, Netflix keeps ving the bears wrong, time and time again

That must have been a bad idea, right

I can't mise that Netflix will outperform expectations by that much again

Past performance doesn't necessarily reflect future results, you know

But I have been able to tell similar stories many times over the last two decades, and Netflix isn't done growing yet

Leaving consumer-grade AI services to other viders, IBM offers -class tools with robust data security and audit-ready information flows

And the stock isn't even expensive, changing hands at a modest 21 times free cash flow

That's not too shabby after posting market-busting returns over the last year

The company behind Chili's and Maggiano's Little Italy struggled to rebuild its customer traffic after the COVID-19 pandemic, falling behind top performers such as Chipotle Mexican Grill and Darden Restaurants in terms of revenue growth

Under Hochman, Chili's simplified its sprawling and refocused its marketing efforts

Other restaurants and the industry press now see Brinker as a shining example of how to fix a broken brand

So Brinker's stock is soaring too, but from a much lower starting point

Hence, the s are trading at an affordable valuation of 21 times free cash flow and 25 times earnings, even after more than doubling in one year

I don't own this stock yet, but that might change soon

It's so refreshing to see a common-sense plan striking exactly the right chord with consumers

Anders Bylund has positions in International Machines and Netflix

The Motley Fool has positions in and recommends Chipotle Mexican Grill, International Machines, and Netflix

The Motley Fool has a disclosure policy.