Penny stocks are one way to double your money, though it's fraught with risk. But there are equally shiny opportunities trading at the other end of the price spectrum, too. I call 'em "three-digit stocks," yet if they're anything like Berkshire Hathaway they can trade in the four-, five-, and six-digit range, too.

penny stock might not be a good buy simply because it's cheap, and a three-digit stock shouldn't scare you away just because it carries a hefty price tag. Handsome is as handsome does. Let's check in with the Motley Fool CAPS community to see which of the high-priced stocks below earn the greatest confidence from our investor-intelligence database:


CAPS Rating (out of 5)

3-Digit Price

Return on Capital, TTM

SPDR Dow Jones Industrial Average (NYSE: DIA) ** $118.46 1.7%
EOG Resources (NYSE: EOG) *** $101.72 1.9%
Intercontinental Exchange (NYSE: ICE) ***** $116.59 13.2%

Source: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS.

But just because these stocks are purring is no reason to jump into them blindly. Catching a tiger by the tail -- or a knife falling from on high -- can end up leaving you scratched and bleeding. That's why we recommend you use this list as a launchpad for your own research and analysis.

Highfalutin' honeys
There's been some high expectations built into the market as both the SPDR Dow Jones Industrial Average and SDPR S&P 500 (NYSE: SPY) have had a remarkable year, each climbing about 20%. But now things might get more volatile as earnings start to falter and uncertainty creeps back in.

Banking giants such as Citigroup, Goldman Sachs, and Bank of America all reported results that indicate all is not well in the financial sector. Then Apple wunderkind Steve Jobs took a leave of absence for health reasons and Google booted its CEO.

Indeed, there was a lot of good news, too. IBM was strong (which helped bolster the Diamonds) and General Electric surprised to the upside (along with its CEO getting picked to advise President Barack Obama on the economy). But after a strong run, the question remains: Are you ready for a correction?

Wall Street is bullish on America and the CAPS community is decidedly so with nearly 80% of the 300 members rating the ETF to continue to grow. Let us know on the SPDR DJIA CAPS page whether you agree.

King for a day?
Following the pioneering work in the Niobrara shale play by EOG Resources and Noble Energy, this is shaping up to be as an exciting area as the Marcellus, Bakken, Barnett, and other big shale areas. EOG has been a big beneficiary of its work, and its shares are some 11% higher in the past month.

There are concerns, however, because to access the Niobrara region, drillers are using horizontal drilling and hydraulic fracturing techniques, which has some worried about the environmental effects. New York has already imposed a temporary moratorium on new fracking permits, and ExxonMobil and Chevron (NYSE: CVX) are being pressured to reveal the chemicals they use in the process.

With 97% of the CAPS members rating EOG Resources to continue outperforming the market, it seems that they think opposition to the drilling methods will dissipate and the driller will grow even more. You can monitor how management performs by adding it to the Fool's free portfolio tracker, and then post your thoughts on the EOG Resources CAPS page.

Triple-digit titans
Last summer, CAPS member AlphaCenturion saw the acquisition of Climate Exchange by Intercontinental Exchange as a means for future growth in carbon trading.

They just acquired Climate Exchange (CLE) for roughly $600 million, adding emission credits to their existing swap and futures business and giving them exposure to potential future cap and trade regulations. While it's difficult to predict exactly how the new financial reform rules will affect ICE's revenue which is largely volume-driven, I think it's safe to say that the company stands to benefit from the inevitable shift toward centralized, regulated exchanges.

But carbon trading exchanges in Europe, including ICE, just took a hit as a result of the theft of permits worth millions of euros that had been stolen from an account in the Czech Republic. ICE, which is the largest emissions exchange, suspended trading, as did bourses in France and Denmark.

Obviously, this will be just a temporary speed bump, but you can offer your own opinion on the Intercontinental Exchange CAPS page.

Count to 10
These three-digit stocks might be on their way to even higher valuations. That's why it pays to start your own research in Motley Fool CAPS. Read a company's financial reports, scrutinize key data and charts, and examine the comments your fellow investors have made, all from a stock's CAPS page.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.