Mr. Market confused, Kraft showing the way

Open down, moving up. Mr. Market is struggling here and needs some direction today, oil and jobless claims have him confused. Maybe we can help him?

Kraft Foods, Inc. (KFT) caught another upgrade for the second day in a row. Yesterday Davenport moved them from Neutral to Buy, today UBS just did the same. The stock is responding nicely with a two percent gain so far this morning after moving up two and a half percent yesterday when the rest of the market was down. I still think this stock is undervalued, looks like others are agreeing.

Stay tuned to see if we can gain any traction this afternoon.