An important process for most investors is the monitoring of stocks which they would be interested in buying under a certain set of circumstances.

These circumstances often involve a lower price. For example, after researching and valuing a stock an investor may come to the decision that they’d like to own the company but only at a lower price. The stock is therefore promptly placed onto their watch list.

Another reason a stock may end up on a watch list rather than in a portfolio is because there is some form of uncertainty hovering over the company. Uncertainty may lead to a decision to stay on the side line and wait until something happens (or doesn’t happen) before looking to purchase the stock for a portfolio.

Here are three stocks which due to their lofty share prices might not be stocks you’d purchase for your portfolio just yet, but they could well deserve a place on your watch list.

REA Group Limited (ASX: REA) owns Australia’s leading real estate advertising portal. The group’s recently released interim results showed a 28% leap in earnings per share and a 22% increase in the interim dividend. While REA is the clear market leader in Australia, the company also operates online portals in a number of exciting growth regions overseas.

SEEK Limited (ASX: SEK) owns Australia’s leading employment classifieds business and recorded underlying net profit growth of 9% and interim dividend growth of 11%. Drilling down into the result and investors will find that SEEK’s International division achieved revenue growth of 34% and earnings growth of 36% for the half year. These are obviously strong growth rates and with exposure to markets such as Brazil and Asia these solid growth rates can be expected to continue for some time.

Ramsay Health Care Limited (ASX: RHC) is Australia’s leading private hospital operator. For the six months ending December 2015 the group achieved core earnings per share growth of 17%. Importantly, with the benefit of tailwinds from an ageing population and new technologies which are driving increased healthcare spends, the growth outlook for Ramsay remains favourable.

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Motley Fool contributor Tim McArthur has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.