The following video is from Thursday's MarketFoolery podcast in which host Chris Hill, as well as analysts Jason Moser and Joe Magyer, discuss the top business and investing stories.
In this segment, Hormel Foods (NYSE: HRL ) has hit an all-time high today after announcing it will be purchasing Skippy brand peanut butter. The guys discuss some of the other well-known foods that Hormel makes, and whether peanut butter fits with its roster. They also discuss whether this could be a threat to the number one top dog in the peanut butter market, and how Hormel could be looking for growth in China with this move.
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