Notable news items/price action from the last twenty-four hours.
- SBUX/GMCR was the big focus of the day. GMCR traded up over 40% and Starbucks gained 9.1%, both on strong volume.
- PEET declined 11.5% on accelerating volume following the GMCR news.
- MCD and YUM traded well yesterday, on a relative basis, closing up 1.2% and 0.4%, respectively.
- Casual dining traded softly yesterday, even as oil traded down, with only MSSR declining (5.2%) on accelerating volume.
Howard Penney
Managing Director
