Stocks Smithfield Foods Inc

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    Alex Vallecillo is co-manager of the Allegiant Mid Cap Value Fund and on "Morning Call" he gave his picks for our "Hidden Gems" segment (he's a five-star fund manager). Vallecillo listed these stocks as his picks and the reasons why he likes them (two of them are exclusives for cnbc.com readers).

  • Top U.S. hog and pork producer. Smithfield Foods Inc. reported lower-than-expected quarterly earnings on Thursday due to a weak market for fresh meat, and shares fell sharply as a result.The Smithfield, Virginia-based company, which also is amajor beef producer and a partner in a large turkey operation,warned of higher meat prices ahead if prices for corn, animportant feed, keep increasing.