Hate Risk? You'll Love These 3 Stocks
Ripping above the 24,000 mark for the first time this week, the Dow Jones Industrial Average (DJINDICES: ^DJI) may have some investors reaching for bottles of the bubbly. On the other hand, there are plenty of other folks ringing the alarm bells, arguing that a correction is imminent. Regardless of whether they fall into one of these camps, the majority of investors agree that every portfolio should have a spot -- either large or small -- reserved for some more conservative investments. Let's look at three stocks that fit the bill.
The only water-utility member on the S&P 500 and Dow Jones Utility Average, American Water Works (NYSE: AWK), is the largest publicly traded water service provider by market cap and has a customer base of 15 million. Illustrating a large geographic footprint, American Water Works' customer base spans 47 states, Washington D.C., and Ontario, providing a competitive advantage and mitigating the risk of adverse local weather phenomena.
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Source: Fool.com