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Cramer: Avery Dennison Is Boring, But An 'Unsung Hero' In The Market

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Investors love an exciting stock with exposure to buzzwords like cloud and artificial intelligence. But this also means investors are missing out on boring and "un-sexy" stocks, like Avery Dennison Corp (NYSE: AVY), a producer of pressure-sensitive materials as well as tickets, tags, labels and other converted products.

Sounds boring? Jim Cramer explained on "Mad Money" that doesn't really matter for a stock that is up 27 percent since the start of 2017.

"Avery Dennison may not be sexy, but it's one of the kind of unsung heroes that no one talks about. They just don't," Cramer said. "Would I recommend buying it? Sure, I think the stock could have a lot of upside."

Avery Dennison isn't just a provider of products to the retail sector. Rather, it provides products that are heat and chemical resistant that can be used in warning signs and adhesive films that make buildings look better.

In other words, Avery Dennison is a "regular American Joe stock" that should fit in to every investor's portfolio -- especially when factoring in the company's steady revenue growth, strong earnings and high value products. Management is also looking to grow the company through strategic acquisitions and offers a good dividend yield of around 2 percent.

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