Stock #1

Even with the U.S. economy in trouble, ConAgra (CAG) is one company that should benefit from this trend in 2009. CAG is the leading branded food company with some pretty familiar products, including Healthy Choice, Chef Boyardee, Egg Beaters, Hunt's, Orville Redenbacher, PAM and Banquet.

I'm betting that a number of these brands can be found in your cupboards and refrigerators. CAG's consumer brands can be found in 96% of U.S. households. The company has also expanded its reach to outside of the U.S. with its international food segment supplying 40 global brands to 110 countries, including Canada, Mexico, Japan, and China. Buy. (See also: "Is This the End of Money"?)

Stock #2

J.M. Smucker (SJM) is a quiet family-run business that has grown for over 108 years to become a leader in the consumer goods sector. It is the leading marketer and manufacturer of fruit spreads, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk and health and natural foods drinks.

Some of its other brands include: Crisco, Pillsbury, Hungry Jack, Robin Hood, Eagle Brand, Smucker's and Jif. Conservative Smucker's has $327 million in cash and equivalents, and a dividend has been paid annually since 1949.

The current P/E is reasonable in light of the company's 7%, five-year earnings growth. Over the last 60 months, you've averaged nearly 24% a year on your conservative, family-run Smucker's. "With a name like Smucker's, you have to be good." Buy.

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