With the valuation indicators such as the Schiller P/E and Tobin's Q very high, I think there is more risk in stocks than normal. A period like now is when quality stocks with low volatility may be a good idea to preserve capital. I believe that the following four stocks are considerably safer than the market, with similar upside.
Flowers Foods, Inc (NYSE:FLO)
Flowers Foods, Inc. is a producer and marketer of bakery products in the United States. It has two segments: direct-store-delivery (DSD) and warehouse delivery. The DSD segment focuses on the production and marketing of bakery products through its direct-store-delivery system. The warehouse delivery segment produces snack cakes for sale to co-pack, retail and vending customers, as well as frozen bread, rolls, buns, and tortillas for sale to retail and food service customers primarily through warehouse distribution (see full description here).
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New Jersey Resources Corp. (NYSE:NJR)
New Jersey Resources Corporation (NJR) is an energy services holding company providing retail and wholesale energy services to customers in states from the Gulf Coast and Mid-Continent regions to the Appalachian and Northeast regions, the West Coast and Canada. (see full description here).
CR Bard Inc. (NYSE:BCR)
C. R. Bard, Inc. is engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices. The company sells a range of products to hospitals, individual healthcare professionals, extended care facilities and alternate site facilities on a global basis (see full description here).
Casey's General Stores Inc. (NASDAQ:CASY)
Casey’s General Stores, Inc. (Casey’s) operates convenience stores under the name Casey’s General Store, HandiMart and Just Diesel in nine Midwestern states, primarily Iowa, Missouri and Illinois. The stores carry a selection of food (including freshly prepared foods, such as pizza, donuts, and sandwiches), beverages, tobacco products, health and beauty aids, automotive products and other nonfood items (see full description here).