ADVFN - Advanced Financial Network.
HOME» NASDAQ » G » GMCR Stock Price » GMCR Stock News

Green Mountain Coffee Roasters Share News

 Green Mountain Coffee Roasters (mm) Stock Price
GMCR Stock Price
 Green Mountain Coffee Roasters (mm) Stock Chart
GMCR Stock Chart
 Green Mountain Coffee Roasters (mm) Stock News
GMCR Stock News
 Green Mountain Coffee Roasters (mm) Company Information
GMCR Company Information
 Green Mountain Coffee Roasters (mm) Stock Trades
GMCR Stock Trades

US Stocks Pare Gains After 'Credit Event' Ruling On Greek Debt

--Stocks pare gains after ruling that Greek debt swap constitutes default --Market supported by upbeat jobs data --Trade deficit widened to 3-year record on declining exports to China, Europe By Christian Berthelsen and Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- U.S. stocks pared gains in afternoon trading after a financial industry group ruled that Greece's debt restructuring constituted a "credit event," which will likely trigger a series of payouts between buyers and sellers of credit default swaps on Greek sovereign debt. The afternoon drop erased some of the market's gains from earlier in the day, after upbeat news on jobs and the Greek debt restructuring. Still, the Dow Jones Industrial Average was up 22 points, or 0.2%, to 12930, in late afternoon trading. The Standard & Poor's 500-stock index was up 5.5 points, or 0.4%, to 1371, and the Nasdaq Composite gained 17 points, or 0.7%, to 2988. All 10 of the S&P's sectors were higher, led by financial and consumer-discretionary shares. J.P. Morgan Chase led blue chips higher, rising 2.2%. "From a sentiment standpoint, this is buy the rumor, sell the news. We've had anticipation all week on the Greek vote as well as the nonfarm payrolls numbers," said Phil Orlando, equity strategist at Federated Investors. "To some degree, the strength we've seen over the past few days seems to have priced in some of the news, and that's why we're not seeing an explosive move today." The Labor Department said nonfarm payrolls rose more than expected in February, but the increase was less than last month's rise. The unemployment rate remained unchanged at 8.3%. "By any stretch, this is an encouraging report," said Anthony Chan, chief economist with J.P. Morgan Private Wealth Management. "Lots of jobs creation, with upward revisions in the prior months, and I'm encouraged by the fact that more people are joining the labor force and the unemployment rate is not going up." Also, data showed wholesale inventories increased in January, an indication that companies anticipate increased demand for products. Economists surveyed by Dow Jones Newswires had forecast a 0.6% increase. Still, stock gains were tempered by downbeat news on the U.S. trade deficit, which widened in January to its highest level in more than three years because of plunging exports to China and the euro zone. European markets edged mostly higher, with the Stoxx Europe 600 closing 0.5% higher after Greece secured enough debt-swap commitments from private creditors to restructure its debt and receive bailout funds. Asian bourses were broadly higher on the back of U.S. gains and optimism toward Greece, with Japan's Nikkei Stock Average rising 1.7% to close at its highest level in seven months. China's Shanghai Composite gained 0.8%. Crude-oil prices settled 0.8% higher at $107.40 a barrel, while gold prices settled up 0.8% at $1,710.90 a troy ounce. The dollar gained ground against the euro and yen. The yield on the 10-year Treasury note rose to 2.037%. In corporate news, Starbucks introduced its first at-home, single-cup coffee-making machine, named the Verismo system, that makes espresso beverages and brewed coffee. The new system will compete with the Keurig brewer made by Green Mountain Coffee Roasters. Green Mountain Coffee slumped 15%, while Starbucks rose 2.9%. Shares of the women's apparel retailer that operate Ann Taylor stores, Ann, rose 6.9% after per-share earnings slightly beat estimates, even as fourth-quarter earnings fell 73%. Smith & Wesson Holding Corp. shares shot up 22% after the gun maker swung to a fiscal third-quarter profit on improved sales volume and lower operating expenses. Texas Instruments lowered its expected ranges for revenue and earnings for the current quarter, citing lower demand for wireless products. The semiconductor maker fell 1.1%. Also in the chip industry, Altera indicated that the revenue outlook for the current quarter had weakened, citing continued softness in sales to wireless customers and timing issues in the military market. Shares rose 1.5%. Molycorp said it agreed to buy Canadian rare-earth mining company Neo Material Technologies to gain greater exposure to China. Molycorp advanced 15%.

Stock News for Green Mountain Coffee Roasters (GMCR)
DateTimeHeadline
11/19/201417:24:46Keurig Profit Rises; CFO Announces Plans to Leave
11/18/201416:47:03Keurig Investors Get a Pricey Cup of Coffee -- Ahead of the Tape
11/17/201406:28:22MARKET SNAPSHOT: Retailers Close Out Earnings Season
10/17/201409:38:35U.S. Hot Stocks: Hot Stocks to Watch
08/22/201417:00:02MARKET SNAPSHOT: S&P 500 Ends Lower, Pulling Back From Record
08/22/201416:26:03MARKET SNAPSHOT: S&P 500 Ends Lower Friday, Pulling Back From...
08/22/201413:33:10MARKET SNAPSHOT: Stocks Set For Weekly Gains, Turn Flat For Friday
08/07/201409:14:06MARKET SNAPSHOT: U.S. Stocks: Futures Higher; Jobless Claims...
08/07/201408:19:02MARKET SNAPSHOT: U.S. Stocks: Futures Inch Up; ECB News Conference...
08/07/201408:12:09MARKET SNAPSHOT: U.S. Stocks: Futures Inch Up With ECB Presser...
08/07/201406:22:55MARKET SNAPSHOT: U.S. Stocks: Futures Up Ahead Of ECB, Jobless...
05/13/201416:40:28MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500, Dow At Record
05/13/201410:42:12MARKET SNAPSHOT: U.S. Stocks Edge Higher; S&P 500, Dow At Record
05/13/201410:22:08Coca-Cola to Increase Green Mountain Stake to 16% -- 2nd Update
05/13/201408:40:07Coca-Cola to Increase Keurig Green Mountain Stake
05/08/201416:48:55MARKET SNAPSHOT: U.S. Stocks Decline; Nasdaq Leads Losses
05/08/201414:40:16MARKET SNAPSHOT: U.S. Stocks Pare Gains; Nasdaq Leads Losses
05/08/201411:23:18MARKET SNAPSHOT: U.S. Stocks Rise On Jobless Claims, Draghi Easing...
05/08/201410:29:06MARKET SNAPSHOT: U.S. Stocks Rise On Draghi's Dovish Comments
05/07/201416:42:17MARKET SNAPSHOT: U.S. Stocks Close Higher; Nasdaq Trims Losses

Green Mountain Coffee Roasters and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad