What's your strategy when the market falls 400 points in one day? Warren Buffett is buying Kraft (KFT). So is Carl Icahn and Nelson Peltz. As for Bill Ackman, he’s picking up shares of Target (TGT). Since they’re probably the smartest men on Wall Street – would you be smart to follow their lead?
Jeff Macke says KFT is a great defensive consumer staple play. And he thinks KFT is likely to come under pressure and get chopped up.