Picks and pans: Procter & Gamble is a quintessential defensive play; Kraft Foods an anti-recession bet

Following Tuesday's strong rally and the positive comments from Federal Reserve Chairman Ben Bernanke as well as President Obama's speech, some may think the worst -- in the economy and in the markets -- is behind us. If so, it would make this a good time to return to the markets. Here are a few suggestions (as well as warnings) from BloggingStocks and around the Web:

Campbell Soup Company (CPB) will weather the recession because its core product is the kind of food people eat more of when times are tough, according to its CEO, and Jamie Dlugosch seems to agree.