Overlooked Stocks: Dull & Profitable!
"Most of the mundane things in this world make money," Neil Hennessy told CNBC. That being the case, he's enthusiastic about stocks an investor might easily overlook.
His five-star Hennessy Focus 30 Fund is up 13 percent year-to-date, and up an average of 17.89 percent per year over the last three years.
Recommendations:
His first pick is Tupperware.
"If you really feel that the food and commodity prices are going to affect you, you could look at a company like Tupperware," he said. "Tupperware, as everybody knows, is in the plastic container business...but if you think about it, people are going to start using leftovers...rather than re-buying on a daily basis."
Hennessy says the stock is priced very attractively, despite the company's strong performance this year.
He also likes Owens-Illinois.
"Owens-Illinois is in the plastic and glass business," he said. "Who's going to talk about that at a cocktail party? But in reality, they make money...it's just a nice little company that gets overlooked."
