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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.

Recommendations:

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."

Disclosures:

Disclosure information for Brent Wilsey was not immediately available.

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