Two Pros Discuss The $1K Stocks Worth Buying

Out of the 500 stocks that comprise the S&P index, only five trade north of $1,000 per share: Alphabet Inc GOOG GOOGL, Amazon.com, Inc. AMZN, AutoZone, Inc. AZO, Booking Holdings Inc BKNG and NVR, Inc. NVR.

Two experts guested on CNBC's "Trading Nation" to discuss which of these five names should be bought by investors.

AutoZone AZO

AutoZone's stock has been a "very consistent" winner over the past two decades, even in 2008 and 2009, when the stock showed just a "little bit of a drop," said Danielle Shay, director of options at Simpler Trading.

Over a more recent timeline, the company has shown consistent earnings growth and analysts are expecting another 3% earnings growth in its March 3 earnings report.

AutoZone is also well-positioned to cater to a growing demographic of people wanting to fix up their older cars instead of buying a new one, Shay said. This comes at a time when the economy is starting to "stutter a little bit," she said.

Amazon AMZN

Amazon's stock broke out to a new all-time high in early 2020 and did so in a "very meaningful manner," Miller Tabak chief market strategist Matt Maley said on "Trading Nation."

Amazon's stock still needs to "play catch" with other "high-flying names," as its recent breakout is still shy of what other momentum stocks have shown, he said.

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