The Only New Stock I've Bought This Year Is the Perfect Addition Amid a Historically Pricey Stock Market
The "Greatest Dividend Stock on Wall Street" is ideally positioned to benefit if the stock market rolls over.
Overview
Earlier this month, the Dow Jones Industrial Average, S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite hit fresh all-time highs -- and stock valuations nearly followed suit. The second-priciest stock market in history has made it challenging to find a fundamentally attractive deal.
While I've selectively purchased shares of a few existing holdings this year, there's only one new stock I've added to my portfolio, and it's ideally positioned to succeed amid a historically pricey stock market: York Water (NASDAQ: YORW).
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.