Phil Davidson of American Century likes boring but solid stocks, as reported by Seeking Alpha. He tends to prefer stocks that have solid balance sheets and are in industries that are stable but boring, because they bring value. Although volatility afflicted his portfolio recently, which saw a 2.7% decline, he recommends the following stocks:
Johnson & Johnson is a good boring stock whose products people buy no matter what the economic climate.
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PepsiCo is under pressure to split up, but Davidson thinks worries over carbonated beverages are overblown.
Air Products is in a stable industry, even if it puts you to sleep.
UPS is under pressure to keep its shipments growing, but it has delivered through the years.
Commerce Bancshares hasn’t been so hot in the low interest rate environment, but given the Fed announcement, all that might change.
