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.
3 stocks to own for the rest of your life
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love.