Kraft and coffee stocks shine in ugly market day
August 4, 2011 by
Filed under Bandhas
NEW YORK (CNNMoney) — while the S&P 500 is struggling near its lows for the year, there are still some stocks that have managed to withstand the market sell-off.
Kraft Foods (KFT, Fortune 500) started the day trading at a 52-week high, after the manufacturer of various food items topped the earnings estimates. Kraft Foods also announced that it will split its North American grocery business from its global snack group.
Meanwhile, three coffee-related stocks are within striking distance from their all-time highs. After Green Mountain Coffee Roasters (GMCR) posted record earnings last week, Peet’s Coffee & Tea (PEET) and Caribou Coffee Company (CBOU) followed with impressive quarterly results — both beating Wall Street’s estimates.
Peet’s and Caribou shares are up 50% since January of this year. Green Mountain has gained 225% for the same time period.
These are some of the popular topics discussed on StockTwits Thursday:
Benzinga: $KFT splitting into two has to make Buffett happy despite him pairing his stake. Stock up ~7%
lamonicabuzz: More on Kraft. with $KFT splitting, will it be booted from the Dow? Remember it replaced $AIG in ’08. Perhaps Dow could finally add $AAPL?
bespokeinvest: Unless $AAPL splits, it is unlikely to replace $KFT in the DJIA given that it would have a 20% weighting. $$
Street_Insider: Kraft $KFT top Q2 EPS by 4c, boosts FY11 EPS. To split Global Snack, Grocery Business
jfahmy: The only things positive on my screen: silver, coffee stocks, and $LNKD. the world is back to normal again 
