His picks include Sara Lee, Diamond Foods, American Italian, and Constellation Brands.
“[Sara Lee is] divesting their household and body care business and getting some surprisingly good valuations; and so that represents upside for the stock,” said Ramey.
“But it's a company that’s been reinvesting in its brand and that’s the most important factor for Sara Lee.”
Ramey said he has a “buy” rating on Constellation Brands and added: “It’s in a trade-down space that so many consumers gravitated to this year.”
However, Ramey said he is not a fan of the meat companies because he expects difficult times ahead with rising protein costs.
Ramey has a “neutral” rating on Tyson Foods, Smithfield Foods and Hormel.
Other Points of View:
CNBC Data Pages:
Ramey does not own shares of SLE, DMND, AIPC, STZ, HRL, TSN, or SFD.