Coffee prices surged Monday on growing concerns of production in Brazil. Forecasts for continued dry weather in Brazil have seen production estimates from the world’s largest coffee supplier fall, sending Arabica prices up approximately 11.0 percent since last Thursday, up almost 75.0 year-to-date. The country's National Coffee Council have lowered its forecast for its 2014 harvest to 40.1 million and 43.3 million 60-kilogram bags of coffee, compared to its previous estimate of 44 million.
Dunkin Brands Group Inc. (NASDAQ: DNKN) shares traded in the range of $46.95 to $48.06 Tuesday before settling to close at $47.73, an increase of 1.73 percent. The stock appears to be facing some resistance at the $48.54 and $48.94 levels with some support at $47.22 and $46.73. Shares of Dunkin Brands Group are down approximately 1.0 percent year-to-date.
More information on Dunkin Brands Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DNKN
Keurig Green Mountain Inc. (NASDAQ: GMCR) shares traded in the range of $100.82 to $104.09 Tuesday before settling to close at $101.35, a decrease of 0.57 percent. The stock appears to be facing some resistance at the $103.82 and $106.42 levels with some support at $99.43 and $83.63. Shares of Keurig Green Mountain are up approximately 34.0 percent year-to-date.
More information on Keurig Green Mountain and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GMCR
Coffee Holding Co., Inc. (NASDAQ: JVA) shares traded in the range of $7.50 to $8.35 Tuesday before settling to close at $8.24, an increase of 9.57 percent. The stock appears to be facing some resistance at the $8.43 and $9.36 levels with some support at $7.63 and $7.27. Shares of Coffee Holding Co. are up approximately 60.0 percent year-to-date.
More information on Coffee Holding Co. and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JVA
Starbucks Corporation (NASDAQ: SBUX) shares traded in the range of $70.50 to $71.69 Tuesday before settling to close at $71.48, an increase of 1.49 percent. The stock appears to be facing some resistance at the $73.35 and $75.21 levels with some support at $70.40 and $68.97. Shares of Starbucks have fallen approximately 24.0 percent year-to-date.
More information on Starbucks and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SBUX
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