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:
- Value Stocks to Keep Growing: Strategists
- 6 Large-Cap Plays For Investors: Pros
- Market Technicals Still Look 'Relatively Positive': Pros
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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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