A rallying exchange traded note ( ETN ) for coffee futures will be looking for a boost Wednesday following solid quarterly earnings from Green Mountain Coffee Roasters (NasdaqGS: GMCR).
The company after Tuesday's closing bell raised its full-year outlook, sending the stock higher by nearly 20% in after-hours trade.
Meanwhile, the only exchange traded product for java, iPath Dow Jones-UBS Coffee ETN (NYSEArca: JO), has been a solid performer on supply concerns and rising demand in emerging economies. [Coffee ETN Perks Up.]
The coffee ETN has rallied more than 25% so far this year.
iPath Dow Jones-UBS Coffee ETN
Chart source: StockCharts.com