First-0quarter profits for McCormick & Company (NYSE:MKC) came in better than expected, and shares have risen on the news. Although the company hasn't been a market beater of late, one Fool analyst thinks it's worth a second look.
In this segment from Tuesday's Investor Beat, host Chris Hill and Motley Fool analyst Morgan Housel discuss the spice maker, and why "boring" stocks like McCormick sometimes make the best investments. Unlike the high-flying, headline-grabbing stocks like Tesla Motors, McCormick doesn't need to constantly innovate, so it can continue to make the same products that people will continue to need for decades to come. Morgan sees that as a key ingredient to outperformance over the long run.
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Chris Hill and Morgan Housel have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.