Peet's Coffee Beats Estimates And Breaks Out
While the rest of the market, especially high-flying leaders, took a pounding this week, Peet's Coffee & Tea (PEET) enjoyed a steaming hot breakout from a long base. The reason was no surprise. It reported better-than-expected earnings and raised guidance. It was a bright spot among the malaise that recently infected the little gaggle of coffee stocks as the market uptrend came to an ignominious end this week. Starbucks (SBUX) sliced through its
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