|Bid||76.00 x 1200|
|Ask||76.30 x 1000|
|Day's Range||73.25 - 76.30|
|52 Week Range||45.00 - 239.71|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||109.54|
(Bloomberg) -- Philippine food maker Monde Nissin Corp. is weighing options including a potential minority stake sale for Quorn Foods, a British producer of meat substitutes, people with knowledge of the matter said.Monde Nissin, which makes the best-selling “Lucky Me!” instant noodles in the Philippines, is working with an adviser to look for an equity investor in Quorn, said the people. The firm could sell at least 20% in Quorn to an investor that would help expand the business, said the people, who asked not to be identified as the discussions are private.The Makati-based company acquired Quorn for 550 million pounds ($722 million) in 2015, according to the company’s website. Quorn started making meat-free products including burgers with mycoprotein before the faux meat boom that took off in recent years.Middle-class consumers are becoming more health-conscious, switching to products made of plant-based proteins by companies such as Beyond Meat Inc. and Impossible Foods Inc. Shares of Beyond Meat have fallen nearly 70% from their peak this year, but still have almost tripled since its debut in May, riding on the demand for vegan food.Deliberations are at an early stage and they may not lead to a transaction, the people said. A representative for Monde Nissin declined to comment.Monde Nissin also counts biscuits among its main products and exports to more than 30 countries, according to its website.(Updates to add more information about Monde Nissin in final paragraph.)\--With assistance from Cecilia Yap.To contact the reporters on this story: Vinicy Chan in Hong Kong at firstname.lastname@example.org;Elffie Chew in Kuala Lumpur at email@example.comTo contact the editors responsible for this story: Fion Li at firstname.lastname@example.org, Jeff SutherlandFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Kroger's (KR) third-quarter sales fell short of the Zacks Consensus Estimate. This was the second straight quarter of sales miss. Nonetheless, management forecast identical sales growth of 2-2.25% for fiscal 2019.
John Wiley & Sons' (JW.A) second-quarter fiscal 2020 results reflect strength in Research Publishing & Platforms and Education Services segments. However, a decline in book publishing is a concern.
Campbell Soup (CPB) earnings increase in the first quarter of fiscal 2020 on the back of higher adjusted EBIT and reduced interest expenses. However, sales were soft due to the Meals & Beverages segment.
Beyond Meat shares fell nearly 4% during Tuesday's session to retest support after Oppenheimer initiated coverage at Market Perform.
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: Americans Spent 16% More This Holiday Shopping Season —than last year. It counts the five-day period from Thanksgiving to Cyber Monday. Almost 190 million shoppers took advantage of the heavy discounts being offered during that time, according to data from the National Retail Federation.
Oppenheimer’s Rupesh Parikh likes the Beyond Meat Brand but can’t get over the stock’s high valuation. That mirrors the majority of Wall Street opinion.
Plant-based food maker Beyond Meat Inc (NASDAQ: BYND ) boasts a favorable brand backed by a strong product assortment, but growing competition and valuation concerns should keep investors on the sidelines, ...
President Donald Trump suggested a trade deal with China may not come until after the 2020 election, and threatened to impose tariffs on France.
Buying the right stocks at the right time is key to investing. Check out Microsoft, Disney, Costco, Adobe and Pan American Silver.
Tyson Foods (TSN) is focused on enhancing portfolio to cater to the rising demand for protein-packed products. Also, its Financial Fitness Program bodes well.
Hormel Foods' (HRL) Refrigerated Foods unit has been aiding performance for a while now. However, global trade uncertainty and the African swine fever are leading to input cost inflation.
Air Protein can make meatless alternatives by extracting elements found in the air, including oxygen, carbon dioxide and nitrogen, according to Cnet. In fact, the food includes all nine essential amino acids with added vitamins, like B12. Lisa Dyson started Air Protein after discovering single-cell organisms can convert carbon dioxide into nutrients.
There's little denying the so-called smart money on Wall Street has earned its reputation over time. And with this group's elite purchasing Beyond Meat (NASDAQ:BYND), Wayfair (NYSE:W) and New Relic (NYSE:NEWR) the past couple of quarters, it's time to follow those footsteps.Hedge fund Tiger Global Management is among the best in the business. Over the past three years its investments have led it to a best-in-breed ranking among large institutional investors with holdings of more than $10 billion. Specifically, the fund has returned nearly 22.50% annually since 2016. And over the past decade, this smart money operator has captured annualized gains of almost 18%.Sure, it would be easy enough to resent Tiger Global Management for generating its market-beating returns. The firm has resources and talent most of us can only dream about. And that can amount to an uneven playing field.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Lithium Stocks to Buy Despite the Market's Irrationality But when it comes to BYND, W and NEWR stock, I suggest not getting mad. Instead, use the price chart strategically and get ready to beat the smart money at their own game. Smart Money Stocks to Buy: Beyond Meat (BYND)Source: Charts by TradingView Tiger Global's latest 13F filing revealed the fund recently picked up 175,000 shares of faux-meat producer Beyond Meat. Today's investors are also on much stronger footing than the hedge fund after picking up shares north of $150 and possibly as high as nearly $240 during the period.Despite announcing a solid earnings beat in October, BYND stock tanked on worries tied to an expiring lockup period and competition entering the market. There's no guarantees BYND stock will prove to be the next Apple (NASDAQ:AAPL) or Costco (NASDAQ:COST), let alone wildly profitable for the smart money. But for today's investors, that's also irrelevant. In the aftermath, this $5 billion market leader looks technically ready to sizzle. BYND Stock Strategy: This smart money stock is currently forming a two-week inside pattern consolidation within a bullish hammer backed by an oversold stochastics crossover pattern. This price action could also reasonably mark a higher-low variation of a classic double-bottom. My advice is to buy BYND stock if shares can rally above the pattern high of $83.50.I'd also recommend using a stop just beneath the pattern low and exit the position beneath $73.50 in BYND stock if necessary. Ultimately, Fibonacci supports have all failed already. Moreover, being able to capitalize on a deeper bottoming variation if that's what is in the cards, is a smart money move. Wayfair (W)Source: Charts by TradingView Wayfair is the market's top dog in e-commerce for home goods and furniture. During the third quarter, the smart money piled into 510,000 shares. As the monthly chart hints, Tiger Global is also down big-time on this position after earnings painted a mixed picture that was less-than-well-received by Wall Street.The good news for today's investors? There's no denying the decline in shares offers a nice opportunity to buy W stock as it challenges key technical support on the price chart. Right now, Wayfair is testing last December's ubiquitous bottom -- its lifetime 62% Fibonacci level and trendline support for the last couple years. Coupled with stochastics that are on the cusp of a bullish crossover signal, W stock earns its place as a smart money buy. * 7 5G Stocks to Buy Now for the Future W Stock Strategy: My smart money recommendation would be to buy W stock on price confirmation of a monthly chart bottom. Conceivably, this could occur as early as next week. To contain downside risk off and on the price chart, setting a stop-loss beneath the pattern low is an equally smart money move. New Relic (NEWR)Source: Charts by TradingView In cloud-based software analytics outfit New Relic, Tiger Global sank its teeth into a meaty 2.92 million shares during the second quarter after shares were gutted following earnings. Of the three, NEWR stock also happens to be the smart money's only profitable long choice.For today's investors, the price chart suggests the smart money approach is to wait and similarly look to buy shares of New Relic on weakness. The weekly view hints NEWR stock is increasingly likely to turn lower in the near term. An overbought stochastics and challenge of former price support from 2018 makes shares prone to a pullback.NEWR Stock Strategy: Given our outlook, put NEW stock on the radar for purchase if a simple pullback pattern over the next couple to few weeks develops. I'd also suggest any future pattern-based entries are backed by a bullish stochastics setup. If those criteria are met, using the low of the pullback or an exit as loose as $54, with appropriate sizing, is another smart money move worth consideration.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy in December * 7 Unsteady Stocks Investors Should Consider Selling Before 2020 * 7 Entertainment Stocks to Buy to Escape Holiday Blues The post 3 Smart Money Stocks to Buy appeared first on InvestorPlace.
Hormel Foods' (HRL) earnings and sales decline year over year in fourth-quarter fiscal 2019. However, the Refrigerated Foods unit looks strong.
Beyond Meat will begin selling its plant-based burgers at some Costco stores across the nation. Yahoo Finance's Heidi Chung joins Seana Smith on The Ticker to discuss.
IPOs have had both highs and lows and no shows during 2019. RapidRatings CEO James Gellert talks with The Final Round about the Saudi Aramco IPO and some of the pushbacks in the IPO market.