Midday movers: Green Mountain Coffee, Fresh Market

Stocks recover from morning lows, sparked by House Speaker John Boehner's optimism that a deal can be reached with the White House.

By MSN Money Partner Nov 28, 2012 2:11PM
Image, Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

The Environmental Protection Agency announced BP (BP) will be suspended from winning new contracts from the federal government until the oil major can demonstrate it meets business standards set by the U.S., though the action does not affect existing contracts. Shares of BP fell about 0.7% near noon.

Several apparel retailers reported better-than-expected results and saw their shares advance, including Express (EXPR), American Eagle Outfitters (AEO) and Ann Inc. (ANN). This may or may not bode well for some of their peers, who are expected to report after the bell, including Aeropostale (ARO) and Guess (GES).

Costco (COST) shares rose over 4% after reporting its November same-store sales rose 6% and declaring a $7 per share special dividend.

Among the notable gainers was Green Mountain Coffee Roasters (GMCR), which soared 24% after its better-than-expected earnings and guidance set off a wave of price target increases around the Street. 

Also higher were shares of Knight Capital (KCG), which rose 14% to $3.39 after shareholder Getco proposed a complex takeover bid that values shares at $3.50 apiece but involves a cash component and a share dispersal following a merger. Among the noteworthy losers was The Fresh Market (TFM), down 14% after its CFO unexpectedly resigned to take another position and its shares were downgraded at Deutsche Bank and Northcoast. 

Also lower were shares of Jos. A Bank (JOSB), down 7% after it was unable to participate in the rally among clothing retailers as its revenue beat consensus but its earnings fell short.  
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