Kraft's Q1: Buy the Results?

Filed under: Earnings Reports, Coca-Cola (KO), Procter and Gamble (PG), Kraft Foods'A' (KFT)

Kraft Foods Inc. (KFT) reported first-quarter numbers on Thursday. Judging by the market's reaction today, Wall Street is behind them. Wall Street might be behind them for a very specific reason: when it comes to defensive stocks, Kraft is right up there with dividend-paying companies such as The Coca-Cola Company (KO) and The Procter & Gamble Company (PG).



I'll tell you, the current price action is pretty cool right now. With about 90 minutes to go before the closing bell (which is the time I'm writing this), shares of the food manufacturer are up $1.06, or 3.6%, to $30.27. Volume is strong. The 52-week high on the stock is $31.09.

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Kraft's Q1: Buy the Results? originally appeared on BloggingStocks on Fri, 07 May 2010 17:30:00 EST. Please see our terms for use of feeds.

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