×

Hip To Be Old... And Boring

What are the most attractive stocks? You might be surprised!

They're old and boring!

That's right. It appears investors aren’t interested in getting involved with the next hot thing only to risk being burned.

Instead they’re looking for names that are tried and true. And who can blame them. They might not be exciting but old and boring stocks are less likely to leave you out in the cold.

So what’s the trade?

For insights we turned to someone who's anything but old and boring, strategic investor Dennis Gartman, author of the Gartman Letter.

I like boring old copper, says Gartman. I see every reason to continue to hold it. The trend is clearly upward. And I like Alcoa, an old boring company, he adds.

And the next place I’m going to look is US Steel . I like the manner in which this company as well as the other steel makers are trading.

If you watch Fast Money regularly you know that Gartman typically likes the things you drop on your foot. Well most things. He doesn't like gold.

My propensity is to shortgold , he says. If gold trades a little higher I might say sell some gold

In fact, the Fast Money traders all have something to say about gold. What do they think? Watch the video above and find out!



______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On Apr 14th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (F), (PBR), (CSCO), (FDX), (TCK), (SWC); Syemour's Firm Owns (RIG); Terranova Owns (X), (KCE), (AMGN), (DELL), (IBM), (BP), (BRCM), (POT); Terranova Owns (DIS) Calls, (COP) Calls, (HES) Calls, (JPM) & (JPM) Calls, (INTC) & (INTC) Calls, (XOM) & (XOM) Calls; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (AXP), (CSCO), (MSFT), (RIG); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (BIIB) Call Spread; Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (MDY), (SPY), (USO), (BAC), (WFC), (BPO), (ERG); Finerman's Firm Is Short (MDY), (SPY), (USO), (BAC), (WFC), (BPO), (ERG)

Gartman Owns (FCX)
Gartman Owns (X)