Investment journalism is a two-edged sword. If you read enough of it, there will always be a stock idea. Barron's is a must read for me every Saturday, and I think the magazine's combination of editorial commentary, market data, investor interviews, and stock ideas is a great package. That being said, every week you will find at least one or stock ideas being pitched regardless of the market environment.
To be sure, just because the overall market appears to be stretched in terms of valuation, that doesn't mean there aren't good stock ideas out there. In fact, that's the value of periodicals like Barron's. They screen the market to bring interesting ideas to the table. In fact, it was Barron's that first tipped me to TowneBank (TOWN), a regional bank that is perhaps one of the best run and most efficient banks I've come across. Anyone that wants to learn more about banking and which characteristics define a good banking operation should read the Towne Bank annual report.
Yet investors should pay careful attention to what is happening in the market as opposed to what is being said about the market. Fewer and fewer smart investors are making bets in the U.S. Many value investors are finding interesting investment ideas in Europe. Even the modest expected interest rate increase later this year will likely strengthen the dollar, and that will create more turmoil for U.S. companies doing a lot of business overseas. Finally, U.S. companies are so flush with cash that they are buying back shares with little discipline, and that will likely come to harm investors in the long run.
As you navigate the rest of 2015 and beyond, I would simply recommend that you be very selective with your stock picking today. Be ready for increasing volatility in stock prices. Remember that volatility is not risk, but rather simple stock price movements, and pay attention to investor action not words.