Consumer Stocks Hit All-Time Highs

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Published October 11, 2013

| FOXBusiness

A handful of consumer favorites are on track to close in record territory today. Chipotle Mexican Grill (CMG) is benefitting from an upgrade to buy from neutral at Janney Capital, with a price target of $525.  

Constellation Brands (STZ) is surging almost 3% on no news; perhaps investors are betting that Americans, sick and tired of all the debt-ceiling bickering in Washington, will drown their sorrows in booze.  

Either way, shares of the world’s largest winemaker have been a favorite with the momentum crowd, up 77% in 2013 and hitting their 43rd record high of the year.  Finally, Kroger (KR) and Whole Foods Market (WFM) are rising in sympathy with Safeway (SWY). Investors and analysts are cheering the supermarket giant’s decision to exit the Chicago market and shift its emphasis to growing sales.

Consumer Record Highs

Ticker

Security

Last

Change

%Chg

CMG

Chipotle Mexican Grill, Inc.

440.65

4.78

1.10%

STZ

Constellation Brands, Inc. Class A

62.73

1.78

2.92%

KR

The Kroger Co.

41.55

0.86

2.11%

WFM

Whole Foods Market, Inc.

61.12

1.31

2.19%

 

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http://www.foxbusiness.com/investing/2013/10/11/consumer-stocks-hit-all-time-high/