Coffee and sugar prices spiked Monday as dry weather in Brazil has raised supply concerns. Raw sugar for May delivery settled at 17.68 cents a pound Monday, the highest since Nov.18th, while Arabica coffee for May delivery settle at $1.7635 a pound, the highest since Oct.3rd. The first two months of 2014 have the driest in over 30 years, according to Somar Meteorologia. Here is how some coffee stocks reacted Monday:
Dunkin Brands Group Inc. (NASDAQ: DNKN) shares traded in the range of $49.96 to $50.65 Monday before settling to close at $50.59, an increase of 1.14 percent. The stock appears to have some support at the $50.28, $49.46 and $48.96 levels. Shares of Dunkin Brands Group have gained approximately 5.0 percent year-to-date.
More information on Dunkin Brands Group and access to the free equity report can be found at:
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares traded in the range of $121.07 to $123.56 Monday before settling to close at $121.49, a decrease of 1.26 percent. The stock appears to be facing some resistance at $126.57 with some support at the $120.77 and $99.02 levels. Shares of Green Mountain have gained approximately 60.0 percent year-to-date.
More information on Green Mountain and access to the free equity report can be found at:
Coffee Holding Co., Inc. (NASDAQ: JVA) shares traded in the range of $6.24 to $6.51 Monday before settling to close at $6.47, an increase of 3.35 percent. The stock appears to have some support at the $6.40, $6.28 and $5.80 levels. Shares of the Coffee Holding Co. have gained approximately 27.0 percent year-to-date.
More information on Coffee Holding Co. and access to the free equity report can be found at:
Starbucks Corporation (NASDAQ: SBUX) shares traded in the range of $72.02 to $72.88 Monday before settling to close at $72.56 a share on volume of 5.98 million. The stock appears to be facing some resistance at the $73.63 and $75.40 levels with some support at $68.97. Shares of Starbucks have fallen approximately 7.0 percent year-to-date.
More information on Starbucks and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals