Why the Nasdaq's Outperforming Today
News of a possible stumbling block in getting a deal on restructuring Greece's sovereign debt sent stocks falling sharply early this morning. But while the Dow and S&P 500 fell more dramatically, the Nasdaq Composite (INDEX: ^IXIC) was down just two points at 11 a.m. EST to 2,783, continuing its outperformance so far in 2012.
Research In Motion (NAS: RIMM) continued its recent decline, falling 4% in morning trading. The introduction of new CEO Thorsten Heins did little to assure investors that major change would happen at RIM, which is sorely needed as the company has lost huge amounts of market share to its competitors. Rather than giving innovative ideas to turn things around, Heins seems determined to keep business as usual -- despite the fact that business has been terrible lately.
Green Mountain Coffee Roasters (NAS: GMCR) jumped almost 2.5%. Investors are anxiously awaiting Thursday's earnings report from Starbucks (NAS: SBUX) , which should give them not only guidance on the general state of the coffee industry but also specific information about the Starbucks/Green Mountain K-Cup deal.
Autodesk (NAS: ADSK) also perked up after announcing how a simulation helped a company engineer and build an amphibious vehicle for use in Arctic offshore oil operations. Shares rose more than 2%.
You can find some very strong stocks on the Nasdaq. In fact, The Motley Fool turned to the Nasdaq exchange for its top stock pick for 2012. Learn everything you need to know about this promising stock in the Fool's latest special report. Click here and get it for free, but don't wait -- it won't be available for long, so get your copy now.
At the time this article was published Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter here. The Motley Fool owns shares of Autodesk and Starbucks. Motley Fool newsletter services have recommended buying shares of Starbucks and Green Mountain, as well as creating a lurking gator position in Green Mountain. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.
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