Exchange traded funds that invest in food-sector stocks were on Monday’s news buffet after quarterly results from Krispy Kreme (NYSE: KKD) and Campbell Soup (NYSE: CPB).
Krispy Kreme shares rallied 11% in premarket trading, while Campbell fell about 1% in the wake of the earnings reports.
Campbell’s profit was stronger than expected but Deutsche Bank analysts predicted “a muted reaction given weak soup results.”
Separately, Krispy Kreme shares jumped as the company beat on both the top and bottom line.
The stocks are components in Global X Food ETF (NYSEArca: EATX) and PowerShares Dynamic Food and Beverage (NYSEArca: PBJ).
PowerShares Dynamic Food and Beverage
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