The stock market as measured by the S&P 500 is at an all-time high, including dividend growth stocks. However, that is not what concerns me. What I am worried about is the extremely high relative valuation of the market in Today’s Expensive Market. To be clear, the market can be trading at an all-time high and still be attractively valued. Moreover, the long-term direction of the stock market has been up. On the other hand, that ascension is interrupted from time to time due to overvaluation eventually instigating the inevitable reversion to the mean valuation. With the above said I am on record many times of pointing out that it is a market of stocks not a stock market. In summary, this simply means that in every market - whether it be a bull market or a bear market - there will always be value to be found. Obviously, you can find more value in a bear market than you can in a bull market. Nevertheless, there are a lot of individual stocks that can be found at attractive valuations even in today’s expensive stock market to build a dividend growth portfolio from scratch in today’s expensive market.
With this FAST Graphs Analyze Out Loud video I will be utilizing AmerisourceBergen (ABC), Omega Healthcare (OHI), Enterprise Products (EPD), CVS Health (CVS), Oracle (ORCL), McKesson (MCK), Abbvie (ABBV), Kimberly Clark (KMB), Bristol Myers Squibb (BMY), Omnicom Group (OMC)
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