I am planning to buy Kraft Foods (KFT). It should get a boost because it has just been added to the Dow - to replace AIG. Being added to the S&P 500 would produce more of a boost, but there are still a lot of funds and investment strategies that use Dow components. Longer term, Kraft has a history of solid performance. I like the fundamentals of holding a prepared foods company - they, along with grocery stores are starting to see their sales increase as people stop eating out as the economy continues to slow down. |
Monday, 22 September 2008
Kraft Foods (KFT) Replaces AIG in Dow
Posted on 13:21 by Unknown
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