January 24, 2012
News of a possible stumbling block in getting a deal on restructuring Greece's sovereign debt sent stocks falling sharply early this morning. But while the Dow and S&P 500 fell more dramatically, the Nasdaq Composite (INDEX: ^IXIC ) was down just two points at 11 a.m. EST to 2,783, continuing its outperformance so far in 2012.
Research In Motion (Nasdaq: RIMM ) continued its recent decline, falling 4% in morning trading. The introduction of new CEO Thorsten Heins did little to assure investors that major change would happen at RIM, which is sorely needed as the company has lost huge amounts of market share to its competitors. Rather than giving innovative ideas to turn things around, Heins seems determined to keep business as usual -- despite the fact that business has been terrible lately.
Green Mountain Coffee Roasters (Nasdaq: GMCR ) jumped almost 2.5%. Investors are anxiously awaiting Thursday's earnings report from Starbucks (Nasdaq: SBUX ) , which should give them not only guidance on the general state of the coffee industry but also specific information about the Starbucks/Green Mountain K-Cup deal.
Autodesk (Nasdaq: ADSK ) also perked up after announcing how a simulation helped a company engineer and build an amphibious vehicle for use in Arctic offshore oil operations. Shares rose more than 2%.
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