Green Mountain Coffee (GMCR) Soars on Results, Medidata (MDSO) on Long-Term Revenue Growth Target
Today I like to hunt for the best consumer growth stock picks of the next year 2013. The consumer sector is one of my favorite investment areas.
Nearly half of my investments were made in consumer related product companies. I really love this sector due to the fact that there are so many well diversified companies with low risks.
Stocks from the sector raise dividends like clockwork and sharing their business success with shareholders.
Kroger Jumps on the Keurig, er, Kroger-cup Bandwagon
Green Mountain Continues to Plunge Intra-Day; Company Provided Terrible Q3 Guidance
Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) are getting destroyed on Thursday after the company released its fiscal Q2 earnings results on Tuesday afternoon. The company reported EPS of $0.64 versus estimates of $0.64.
Revenues were $885.05 million versus estimates of $971.65 million.
Gross margins in the quarter fell 210 basis points to 35.4 percent.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is getting smoked today on the back of an earnings miss and uncertain guidance going forward. The stock is trading at $25.97, -23.55 (-47.56%). The biggest volume of the day came around 12pm ET as the stock hit a low of $24.40. This is known as capitulation and usually notes a major low in the stock.