With the market reaching new all-time highs and kicking off a new bull market, it's becoming obvious that some stocks are getting overvalued. This leaves some investors searching for stocks they can buy without paying a significant premium.

Recently, I added to my positions in five of my favorite companies, as I believe now represents a great time to invest in this group.

In my book, Amazon (NASDAQ: AMZN) is a perfect buy in this environment. It's no longer a solely e-commerce investment, as it has other dominant business segments like advertising and cloud computing (Amazon Web Services, or AWS). Both businesses have higher margins than e-commerce, so Amazon's profit margins are seeing massive increases over time.

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Source Fool.com