Finding Value In The S&P 500: 9 Healthcare Dividend Growth Stocks: Part 1

Introduction
Most everyone would agree that the stock market as measured by the S&P 500 is not cheap today. However, there might be a great deal of disagreement regarding precisely how overvalued the S&P 500 currently is. Nevertheless, I would agree that in the general sense, stocks are not exactly bargains today. This might especially be true regarding best-of-breed blue-chip dividend growth stocks. Low interest rates have enhanced the attraction for high-quality dividend paying stocks.
On the other hand, suggesting that the S&P 500 is fully valued or even overvalued, is not the same as saying that all stocks in the S&P 500 are overvalued. As I've often stated, I believe it is a market of stocks and not a stock market. Additionally, I would also confidently state that it is also a market of various sectors as well. In this regard, there will be times when certain sectors are in favor while others are out of favor. Consequently, even in an overheated market, it is not unusual to find companies in specific sectors that are out of favor at the same time. Furthermore, this would also apply to certain companies in various subsectors within the larger sector.
The bottom line for me is that I never make individual common stock investment decisions based on where I think the level of the overall market is. Instead, I believe in looking for value when and wherever I can find it. Since I believe in building a stock portfolio one company at a time, it logically... Read more