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Take Profits in Equities, Invest in Commodities: Pro

Get out of equities and into commodities, advised J.J. Burns, president of J.J. Burns & Company.

“We’ve been reducing our positions in large and small caps [in the last couple of months],” Burns told CNBC.

In the place of stocks, Burns said he’s been investing in precious metals, industrialized metals and agricultural-type commodities.

“We have to be concerned with the rising expectations and rising risk of inflation, and it’s happening in raw materials, which we see happening everyday now.”

Burns Likes:

Wheat

Sugar

WTI Crude Oil (Jun ’11)

Corn

(Meanwhile, Michael Sansoterra of Silvant Capital Management says investors should stick with stocks.)

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Scorecard—What They Said:

  • Burns' Previous Appearance on CNBC (Apr. 18, 2011)
  • Sansoterra's Previous Appearance on CNBC (Apr. 6, 2011)

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More Market Intelligence:

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CNBC Data Pages:

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CNBC Slideshows:

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Thursday's Top Dow Laggards (As of Noon):

Exxon Mobil

Verizon

Chevron

AT&T

Bank of America

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Disclosures:

No immediate information was available for Burns or Sansoterra.

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Disclaimer

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