Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of specialty coffee company Green Mountain Coffee Roasters
So what: Fueled by a big 101% spike in second-quarter sales, Green Mountain posted an adjusted second-quarter profit of $0.48 per share, versus the average analyst estimate of just $0.38 per share. Demand for the company's Keurig one-cup brewing system continues to grow at breakneck speed, and with the shares hitting a new all-time high today, investors are doing all they can to keep up.
Now what: Reflecting that impressive momentum, Green Mountain also raised its current-quarter and full-year guidance well above analyst estimates. Keurig's ever-growing popularity, price increases on its K-Cups (which have largely offset rising coffee costs), and a recent licensing deal with coffee giant Starbucks
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