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
Interested in more info on Green Mountain? Add it to your watchlist.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Green Mountain is a Motley Fool Rule Breakers pick. Alpha Newsletter Account, LLC has opened a short position on Green Mountain, and Motley Fool Options has recommended buying puts on it. Starbucks is a Stock Advisor selection, and the Fool owns shares of it. Try any of our Foolish newsletter services free for 30 days.