Coffee stocks are piping hot these days

By Matt Krantz, USA TODAY
Looks like coffee is starting to perk up on Wall Street.

While the broad market is struggling to hold its recent gains, shares of five of the largest publicly traded coffee companies are on a high boil.

Shares of Diedrich Coffee (DDRX) are up 4,525% this year, Green Mountain (GMCR) has doubled and even Starbucks (SBUX) is up 50%.

That shows that investors think consumers, despite the recession, still crave their coffee fix, though they're looking for ways to spend less, says Michael Podhorzer of research firm Sidoti. "Coffee is recession-resistant," he says. "Whether they go out for it or go to a grocery story, people will still buy their coffee."

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