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.