Better Buy: Chevron or All 30 Dow Jones Stocks?

If you're mulling a new stake in oil giant Chevron (NYSE: CVX), you're in good company. After a brief bout of bearishness in July, the stock has rekindled the bullishness seen for the better part of the past year and a half. Up 22% since June's low, Chevron shares are now 66% higher for the past 12 months, and still chugging.

Before plugging into this hot stock simply because it's leading the marketwide charge, there's another option you may want to consider. Making the right choice between the two ultimately depends on asking yourself the right questions, and giving yourself honest answers.

It doesn't have to be Chevron. It can be any hot stock, or any individual stock for that matter. The question is: Why do you want to own it, and where does it fit into your overall portfolio?

Source Fool.com