Revenue for the current fiscal year, which ends in July 2010, is expected by analysts to rise 4.6% and accelerate to 8.2% next year.

Food stocks like Diamond Foods, General Mills ( GIS) and Kraft ( KRFT) aren't the sort of investments that explode in a stock-market rebound. However, they do offer diversification against losses. Should we experience another dip before the stock market really becomes the bull that most investors are betting on, an investment in a stock like Diamond would be a safe bet.

-- Reported by David MacDougall in Boston.
Prior to joining Ratings, David MacDougall was an analyst at Cambridge Associates, an investment consulting firm, where he worked with private equity and venture capital funds. He graduated cum laude from Northeastern University with a bachelor's degree in finance and is a Level III CFA candidate.

If you liked this article you might like

How Unilever is Cleaning up Its Portfolio

Strong And Under The Radar Today: Diamond Foods (DMND)

Packaged Food Stocks Year in Review; What to Buy in 2016 -- Plus Jim Cramer Comments

Insider Trading Alert - KFS, DMND And MNR Traded By Insiders

How Will Diamond Foods (DMND) Stock React to Earnings Miss?