Out with financials, in with food

On Sept. 22, Kraft Foods (KFT) will be added to the Dow Jones Industrial Average, replacing troubled insurance giant American International Group (AIG), leaving the Dow underweighted in financial stocks, reports MarketWatch. It’s notable that shares of Kraft and other food makers have performed better than the overall market. In fact, the Dow Jones Food Products Index is down 6 percent for the year, compared with a 19 percent decline for the Dow. News of Kraft’s inclusion in the DJIA yesterday caused a small uptick in its shares. Kraft is halfway through a turnaround program led by CEO Irene Rosenfeld that includes putting more resources behind fewer brands and pushing more of Kraft's products into China, Russia and Brazil. MarketWatch food stocksFood Processing’s Top 100 Food CompaniesKraft Foods