Top Stock to Buy #3 – Kraft Foods (KFT)
Kraft Foods (NYSE:KFT), a worldwide manufacturer and marketer of packaged food and grocery products, has been in a bull market since March 2009.
Kraft has been a steady earnings and dividend producer for years. In 2012, it is expected to earn $2.47 versus $1.99 in 2011, and it has a dividend yield of 3%.
A series of breakouts has moved the stock steadily higher with support at its intermediate bullish support line and 200-day moving average. But profit-taking has dropped the stock to its 50-day moving average, and the stochastic has issued a strong buy signal. The next target is $44-plus.
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