Tasty Turkey Stocks For Thanksgiving

Just in time for the holiday weekend, Wilsey Asset Management's Brent Wilsey has some turkey-flavored stock picks.

Three straight days of Wall Street gains just sharpened his appetite.


Wilsey's first pick is ConAgra.

"They're down 50 percent from their high," he noted. "People are eating more white meat, versus red meat, and look what you're paying for the company: 9.5 times forward earnings, and in the meantime, you collect a 5 percent dividend."

He also likes Kraft Foods.

"What I noticed was, their earnings estimate over the last 90 days is up 6 percent," he said. "You also collect a decent dividend here, at 4.3 percent, and they've grown their sales 18 percent year-over-year...in this difficult environment."

Turkey producer Hormel Foods also gets a favorable review from Wilsey.

"Their sales have climbed 8 percent, year-over-year," he said. "Their earnings have climbed 11 percent, and this company's very lean; their balance sheet's very strong."


Disclosure information for Brent Wilsey was not immediately available.