BYND - Beyond Meat, Inc.
186.02 +16.06 (9.45%)
Pre-Market: 5:32AM EDT
| Previous Close | 151.48 |
| Open | 163.18 |
| Bid | 184.01 x 1000 |
| Ask | 182.50 x 1400 |
| Day's Range | 160.61 - 171.19 |
| 52 Week Range | 45.00 - 186.43 |
| Volume | 14,075,173 |
| Avg. Volume | 10,846,062 |
| Market Cap | 10.218B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -4.68 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 82.83 |
- Yahoo Finance Video•13 hours ago
Beyond Meat pops on new 'ground beef' product
Beyond Meat shares popped today on the news that the company is planning to release its new product Beyond Beef in grocery stores next week, as well as its rival Impossible Foods struggling to keep up with demand. Yahoo Finance's Zack Guzman and Brian Cheung are joined by Taylor Lorenz, The Atlantic staff writer, to discuss.
- Yahoo Finance•15 hours ago
We might be on a verge of a gigantic market bubble
There has been some rather interesting activity in the markets the past month or so.
- Barrons.com•11 hours ago
Beyond Meat Stock Is Having a Teflon Run. It’s Not About the Products.
Beyond Meat stock is on an incredible tear. On Monday alone, the stock rose 12% after announcing a new ground-beef alternative. Still, is another product launch enough to justify the extreme valuation?
- Bloomberg•13 hours ago
Beyond Meat Closes at Record High as Short-Seller Losses Mount
(Bloomberg) -- Beyond Meat Inc. shares closed at their highest price yet as short sellers felt the burn to the tune of half a billion dollars.The shares rose 12% to $169.96 on Monday, extending a rally that has added almost 600% to the stock price since its initial public offering last month. That has cost short sellers $560 million in mark-to-market losses since the IPO, including $97.5 million in this session alone, said Ihor Dusaniwsky, managing director of predictive analytics at financial analytics firm S3 Partners. Bearish bets in the faux meat company are at $799 million with 5.3 million shares shorted, according to S3 data.“We are still not seeing any short covering in size today, as any shorts exiting their positions are being replaced by new shorts,” Dusaniwsky wrote. “Prime brokers are recycling the stock borrows they have on their books -- just the names of the short sellers are changing.”Makers of real meat, like Tyson Foods Inc. and Pilgrim’s Pride Corp., are also getting burned as summer barbecue season gets underway this week and Beyond Meat kicks off sales of its “Beyond Beef” plant product meant that’s meant to look like ground beef.Tyson shares slipped 4.1% while Pilgrim’s Pride fell 3.8%. Sanderson Farms Inc. tumbled 7.5% in its biggest drop in 18 months.With its own veggie burger in the works, Tyson has been the lone outperformer among so-called “protein” names since Beyond’s IPO on May 1. Tyson shares are up 5% since then, even as concerns over feed costs weigh on chicken producers.(Adds close of trading starting in first paragraph, S3 comment in third.)\--With assistance from Lydia Mulvany, James Attwood, Bailey Lipschultz and Catherine Larkin.To contact the reporters on this story: Cristin Flanagan in New York at cflanagan1@bloomberg.net;Janet Freund in New York at jfreund11@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Morwenna Coniam, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- TheStreet.com•16 hours ago
Beyond Meat and Lyft Among Recent IPOs on a Wild Ride
Trendy new IPOs always rock the boat, for a variety of reasons. A hyped-up IPO like Beyond Meat or Uber is likely to show sudden jumps or dips in share price because it simply hasn't been trading long ...
- InvestorPlace•17 hours ago
5 Red-Hot IPO Stocks to Buy for the Long Run
Coming into the year, everyone knew that 2019 was going to be a record year for the IPO market. You had big growth technology companies like Uber (NYSE:UBER), Lyft (NASDAQ:LYFT), Palantir, Airbnb, Slack, DoorDash and many others set to go public in a wave of huge tech IPOs that the market hadn't seen anything like since 2000. Beyond the volume of IPOs, Wall Street was also broadly excited for these companies to finally go public, as many investors viewed the big dogs in the 2019 IPO market as a group of long term winners.Fast forward six months. The 2019 IPO market has had massive success. But for different reasons than expected. Two of the larger IPOs of 2019 -- Uber and Lyft -- were duds. Offsetting weakness in those IPOs is tremendous strength from a plethora of smaller IPO stocks.In other words, while the 2019 IPO market is as red hot as everyone expected, it's the small guys that are making it red hot, not the big dogs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the long run, the big dogs should catch up. But the smaller players will remain red hot, too. Wall Street is starting to realize just how many hidden gems there were in the 2019 IPO pipeline, and many of these hidden gems are in the first innings of multi-year growth narratives. * 7 Top-Rated Biotech Stocks to Invest In Today With that in mind, let's take a look 5 red-hot IPO stocks that should continue to run higher in the long term. Red Hot IPO Stocks: Beyond Meat (BYND)Source: Shutterstock Return From IPO: 568%At the top of this list is not just the hottest IPO stock of 2019, but the hottest IPO stock of the past decade, too. Plant-based meat producer Beyond Meat (NASDAQ:BYND) went public at $25 per share in early May. Just over a month and one earnings report later, BYND stock is up at $167, representing a more than six-fold increase in less than 30 trading days.Why the huge run up? Plant-based meat is the biggest trend in the food industry. As consumers are becoming increasingly aware of their own health, the environment and animal welfare, they are increasingly shifting away from animal based diets. The first pivot was in dairy. Now, plant-based dairy comprises north of 13% of total dairy sales. The next pivot is in plant-based meat, which comprises less than 1% of total meat sales today but is on an exponential growth track to 10%-plus share in the not-too-distant future.There are two companies at the epicenter of this plant-based meat pivot: Beyond and Impossible. Impossible isn't public. Beyond is. Thus, any investor seeking exposure to the huge plant-based meat trend has only one option: buy BYND stock. This dynamic, coupled with the fact that Beyond continues to report sizzling growth across all its channels, has pushed BYND stock up nearly 500%.This rally will inevitably cool. All trends are overhyped on the onset. The plant-based meat shift is no different. As the hype train cools, BYND stock will gave back some of its parabolic gains. But in the long run, plant-based meat is the future, Beyond Meat projects as a very important player in the plant-based meat market, and Beyond's growth trajectory will remain robust for a lot longer. That robust growth will ultimately drive BYND stock higher in the long run. Zoom Video (ZM)Source: ZoomReturn From IPO: 174%Next up, we have a technology company that is very quickly becoming an important player in the secular growth enterprise video conferencing market. Zoom Video (NASDAQ:ZM) went public at $36 per share in late April. The stock doubled in its first day of trading, trended higher over the next few weeks, and then shot up another 20% after its first earnings report as a public company. Net net, ZM stock is up 174% from its IPO price.Why the big run up in ZM stock? With Zoom, you have an exceptionally rare combination of big revenue growth, huge long-term potential and profitability. In the business world, there are a lot of really small companies out there growing very quickly, with a ton of room to keep growing for a lot longer. But most of those companies are running huge losses while they are spending an arm and a leg to grow. Meanwhile, there are also a bunch of bigger companies that are still growing very quickly and are profitable, but which have largely maxed out their market, and the runway for further growth is limited.Zoom takes the best of both of those companies and leaves out all the rest. Zoom is growing very quickly. They reported 100%-plus revenue growth last quarter. They are also very small, controlling less than 5% of the video conferencing market. On top of that, because the company operates at 80%-plus gross margins and controls spend well, Zoom is already profitable. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 Investors can't get enough of this trifecta of big growth, long runway and profitability. In the near-term, ZM stock is slightly overvalued and overstretched and needs to retreat. But after that near-term retreat, the long-term uptrend will resume, mostly because these is visible runway here for Zoom to keep growing profits at a robust rate over the next several years. Pinterest (PINS)Source: Shutterstock Return From IPO: 67%The digital advertising world has a lot of viable players, many of whom are already public. Nonetheless, investors were excited to see Pinterest (NYSE:PINS) go public in late April. The stock went public at $17 per share. It zoomed to $35 by the end of April, and even though a disappointing earnings report has caused shares to come back to reality, PINS stock is still up more than 65% from its late April IPO price.The run-up in PINS stock is pretty easy to understand. Pinterest is a huge platform, with nearly 300 million monthly active users around the world. That number is still growing. By a lot. Last quarter, monthly active user growth was 22%. Further, those 300 million monthly active users are somewhat self-filtering, since the Pinterest platform itself attracts a unique and somewhat homogeneous demographic. Even further, it's easy to put visual ads on Pinterest, since everything is pretty much already a picture of a product or a place.Considering all that, then Pinterest should have no trouble building out its still nascent advertising business. At scale, that advertising business should be nearly as big as the ad business over at Twitter (NYSE:TWTR) since the two platforms have comparable size in terms of monthly active users. Yet, Twitter has a market cap of $30 billion. Pinterest has a market cap of $15 billion.Thus, the long-term growth potential for PINS stock -- assuming the company can successfully build out its ad business -- is enormous. Jumia (JMIA)Source: Shutterstock Return From IPO: 62%One of the lesser known but more explosive IPOs of the year has been that of African e-commerce giant Jumia (NASDAQ:JMIA). Jumia went public at $14.50 per share in early April. By late April, JMIA stock was trading hands near $50. The stock has since settled down amid a few short-seller reports, but it's still up more than 60% from its early April IPO price.The core growth narrative here is very simply and straightforward. Jumia is being hailed as the Amazon (NASDAQ:AMZN) of Africa, mostly because Jumia is Africa's most important and dominant e-retailer with a rapidly expanding logistics arm. Africa is the last frontier of the technology revolution. Internet penetration across the continent remain well below the global average, and the digital economy (including e-commerce) is still nascent. This won't remain true forever. Eventually, the tech revolution will come to Africa -- just like it came to Asia -- and it will produce an enormous growth opportunity.Jumia is at the center of all that growth. They are the biggest player, growing super quickly, with a retail footprint and logistics network that will be hard for any foreign competitor to replicate. As such, investors have looked at Jumia as a long term play on the secular growth Africa e-commerce market, and JMIA stock has consequently risen. * 4 Semiconductor Stocks to Sell But there have been some short-seller reports circulating which basically call Jumia a fraud. These claims have knocked the stock from its post-IPO highs. But these claims don't seem to hold much water in the big picture. In that big picture, regardless of near term noise, Jumia is the most important and biggest player in the rapidly expanding and potentially enormous Africa e-commerce market. In the long run, if Jumia can maintain its leadership position in that market, JMIA stock will head way higher. Revolve (RVLV)Source: Shutterstock Return From IPO: 128%The newest stock on this list is millennial-focused online fashion retailer Revolve (NASDAQ:RVLV). In early June, Revolve priced its IPO at $18 per share. RVLV stock opened trading at $25, up 40%, and closed the day at $34, marking a 90% move higher in the stock's first trading day.What's the all the hype about? Revolve is attacking the fashion game using a unique, more modern approach which has allowed the brand to win over millennial customers. This approach includes a few key pillars. First, they are online only, so that aligns with the e-retail trend. Second, they leverage social networks and influencers to grow reach and drive awareness, so that aligns with the fact that millennials spend most of their time watching their favorite influencers in various social media channels. Third, everything is data-driven based on millennial-centric data, so that allows Revolve to deliver an elevated millennial-focused shopping experience with a more relevant merchandise assortment.Put that all together, and it's no wonder Revolve has turned into one of the millennial generation's favorite retail platforms, that grew sales by over 20% through the first half of 2018.In the long run, this stock should head higher. Millennial consumers are growing up and making more money, meaning they are becoming an increasingly important driver of retail consumption. Those millennial consumers love Revolve. Thus, as they become bigger spenders over the next several years, they will spend more on Revolve, and Revolve's sales will continue to grow at a healthy rate. The company also operates around 50% gross margins, with positive and rising operating margins, so the outlook for robust profit growth is quite favorable.Ultimately, that robust profit growth should drive RVLV stock higher in the long run.As of this writing, Luke Lango was long UBER, LFYT, BYND, PINS, JMIA and AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 5 Red-Hot IPO Stocks to Buy for the Long Run appeared first on InvestorPlace.
- Motley Fool•17 hours ago
Why Beyond Meat Stock Popped 10%
WSJ is bullish on Beyond Meat, but it's got nothing to do with fundamentals.
- TheStreet.com•19 hours ago
How to Profit as Plant-Based Meat Takes Off
to bring home the bacon for investors, especially after its big run-up. Indeed, Beyond Meat, which went public in May, as well as privately-held Impossible Burger, are changing the face of food. At the same time, supplies of the Impossible Burger's meatless meat are running short in fast food chains such as Red Robin and White Castle.
- InvestorPlace•20 hours ago
Monday’s Vital Data: Disney, Beyond Meat and Advanced Micro Devices
U.S. stock futures are inching higher this morning as traders gear up for Wednesday's Federal Reserve meeting. The market is currently pricing in an 80% chance of the Federal Reserve holding their target interest rate steady at 2.25% to 2.50%. However, they will likely modify the language of their statement to clear the way for a quarter-point rate cut in July.Against this backdrop, futures on the Dow Jones Industrial Average are up 0.01%, and S&P 500 futures are higher by 0.06%. Nasdaq-100 futures have added 0.26%.In the options pits on Friday, call volume outpaced puts by a mile with about 19.2 million contracts traded versus just 13.7 million contracts for puts. Meanwhile, over at the CBOE, the single-session equity put/call volume ratio drifted at 0.63, or the dead center of its recent range. The 10-day moving average slipped to 0.64.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere were three companies topping the most-active options list. Disney (NYSE:DIS) popped to a new record high on Friday but is trading lower this morning on the heels of an analyst downgrade citing valuation concerns. Beyond Meat (NASDAQ:BYND) jumped on reports of one of its competitors being unable to meet the public's strong demand for its meat-free patties. Finally, Advanced Micro Devices (NASDAQ:AMD) offers one of the best setups on the Street for the new week. Let's take a closer look: Disney (DIS)Disney stock's performance this year has been magical. Last week's rally propelled the mouse house to a new intraday record at $142.95. Since December its market capitalization has ballooned from $155 billion to $253 billion. And yet, some analysts believe the stock has become too hot. * The 10 Best Index Funds to Buy and Hold This morning Imperial Capital downgraded Disney, slashing their rating from outperform to in-line while reaffirming their price target of $147. Here's how David Miller rationalized the move in the firm's research note:"The core rationale for lowering our rating to in-line is simply due to the fact that the stock has performed consistent with our previous outperform rating -- up by 25.7% since we established that rating on 11/21/18, and ahead of the S&P 500, which is up 7.8% in that same span of time."Disney shares are only trading down 0.53% premarket, so traders are taking the downgrade in stride. As long as the stock remains above $135, the short-term uptrend is intact.On the options trading front, calls dominated on Friday. Activity climbed to 344% of the average daily volume, with 292,185 total contracts traded; 80% of the trading came from call options alone.Implied volatility rallied to 23% placing it at the 31st percentile of its one-year range. The expected daily move for DIS stock is now $2.04 or 1.4%. Beyond Meat (BYND)The volatile ride of Beyond Meat continues. Shares of the red-hot provider of plant-based meat alternatives traded up as much as 11% before falling back to a 7% gain. Ever since the company's first earnings report delivered an epic short squeeze, BYND stock has been riddled with volatility.On the news front, Bloomberg reported that a major competitor of Beyond Meat has been unable to keep up with demand. Impossible Foods provides meat-free patties to restaurants like Red Robin, White Castle and Burger King. The story underscores the public's ravenous appetite for plant-based alternatives and should bode well for BYND.On the options trading front, calls won the day by a slim margin. Total activity galloped to 248% of the average daily volume, with 238,486 contracts traded. Calls claimed 56% of the day's take.Implied volatility has receded post-earnings but remains sky high at 114%. Option premiums continue to pay hefty sums to traders brave enough to step up and sell them. Selling far out-of-the-money bull put spreads remains my favorite way to play here if you're bullish. Advanced Micro Devices (AMD)Advanced Micro Devices made the cut for today's gallery for one primary reason. It boasts the best looking chart of all the stock's on the most-active options list. It may even be the sweetest setup across all liquid stocks heading into the new week. * 7 Top-Rated Biotech Stocks to Invest In Today The big news last week that propelled the chip stock to a 13-year high was Microsoft's (NASDAQ:MSFT) announcement that it would include AMD processors in its new Xbox console that is slated for release during the 2020 holiday season.The initial euphoria gave way to some well-deserved profit-taking. AMD stock now sports a textbook bull retracement pattern that provides a low-risk entry to spectators looking to get in on the action. Many potential support zones loom close, including old resistance at $29.50 as well as the rising 20-day and 50-day moving averages.On the options trading front, calls proved more popular than puts on Friday despite the stock's decline. Activity ticked higher to 112% of the average daily volume, with 372,952 total contracts traded. Calls accounted for 59% of the session's sum.Implied volatility sits at 49% or the 19th percentile of its one-year range. Premiums are cheap on a relative basis, making option buys an attractive proposition.As of this writing, Tyler Craig held bullish options positions in DIS and AMD. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Monday's Vital Data: Disney, Beyond Meat and Advanced Micro Devices appeared first on InvestorPlace.
- American City Business Journals•21 hours ago
Plant-based burgers are a hit at local restaurants, if they can keep them in stock
It's hard to miss the meatless burger craze. "They can not keep up production," said Carrie Podles, owner of Alexander's Tavern in Fells Point. Alexander's carries Impossible Foods' plant-free burger, and uses rival Beyond Meat's version as a substitute when it sells out.
- InvestorPlace•21 hours ago
3 Big Stock Charts for Monday: Centurylink, Allergan and Charles Schwab
Another day of indecision. The market is at least holding its ground above a key technical floor, even though the S&P 500 lost 0.18% of its value on Friday. It even logged a gain for the week. But, it's clear investors remain hesitant.Source: Allan Ajifo via Wikimedia (Modified)The bulls weren't hesitant about Sprint (NYSE:S), pushing it up nearly 3% on renewed optimism the Federal Trade Commission could give its impending merger with T-Mobile (NASDAQ:TMUS) a green light as early as next week after all. A much-ballyhooed Beyond Meat (NASDAQ:BYND) jumped more than 7% on news that its primary rival, Impossible Burger, was struggling to meet demand for its product.There just weren't enough names like Beyond Meat and Sprint to overcome dead weight like Advanced Micro Devices (NASDAQ:AMD). AMD shares fell more than 3% after rival Broadcom (NASDAQ:AVGO) lowered its full-year guidance.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Biotech Stocks to Invest In Today None of those names make for great trading prospects today, however … too much unpredictable volatility. Rather, it's the stock charts of Charles Schwab (NYSE:SCHW), Allergan (NYSE:AGN) and Centurylink (NYSE:CTL) that are worth closer looks. Here's why. Centurylink (CTL)We've seen fakeout moves from Centurylink shares before, so take this one with a grain of salt. But, this one is different in the sense that it's starting to take hold after a major selloff that has left the stock oversold and ripe for a rebound. There's just one more hurdle to clear, though it's not a small one. It has proven to be a ceiling in the past, though in slightly different circumstances. Click to Enlarge * The slow break above the falling resistance level marked in yellow on both stock charts ultimately petered out, but the break above the falling ceiling plotted with blue lines since April seems to be taking shape at a much stronger pace. * This time around the rebound move is materializing after the weekly chart's RSI indicator fell well into oversold territory. The move out of that condition in the meantime is a sign that a reversal is underway. * The key from here is a move above the purple 50-day moving average line. That level was a ceiling a couple of times in the fall of last year, but that was when the selloff was just getting started. It really is a different scenario now. Allergan (AGN)Long-term Allergan shareholders are no stranger to disappointment. The stock has been in a choppy downtrend since 2015, managing to reach new multi-year lows on Friday of last week. It looks and feels like the stock is about to implode.And, maybe it is. But, with Friday's 4.1% meltdown, AGN stock has actually bumped into a very well-established technical floor that could throw bears for a loop. Although some sort of verification is necessary before jumping to any conclusions, the binary outcome that has to take shape from here is apt to offer some significant swing trading opportunities no matter what. * 10 High-Yield Monthly Dividend Stocks to Buy Click to Enlarge * As of Friday, Allergen shares are kissing the lower edge of a converging wedge pattern that extends back to 2015. * The bullish case is simple enough -- at a major floor and with the weekly chart's RSI indicator almost into oversold territory, another rebound could be imminent. The bulls will have to confirm that's going to happen with a bounce this week. * It's not a very well watched dynamic, but thanks to Friday's tumble, AGN shares are now 25% below their white 200-day moving average line. That was about the maximum divergence allowed to take shape in late 2017 and early 2018, also bolstering the bullish case. Charles Schwab (SCHW)A month ago, Charles Schwab shares were toying with a recovery move. Although a falling resistance line was still intact, a handful of other bullish clues were materializing.The effort never panned out. Instead, SCHW bumped into that technical ceiling one last time, fell back again and then continued to fall. The last bastion of hope was wiped away on Friday with a 3.1% setback that dragged Charles Schwab shares back to their lowest level in months. And, that's not even the worst of it. Click to Enlarge * The resistance line that remains intact is plotted in blue on both stock charts, tagging all the key highs since November. * Support was developing around $41.40, by virtue of shares making a couple of major lows there since March. That floor was smashed on Friday. * Although anything is still possible at this point, with a floor now taken out of the picture, the next most likely landing spot is the most frequent low seen since early 2017. That floor near $37.80 is marked in yellow on both stock charts. * From the perspective of the weekly chart, the pattern since early 2017 loosely looks like a head-and-shoulders pattern. Should the "neckline" at $37.80 also fail, the ensuing selloff could be significant.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post 3 Big Stock Charts for Monday: Centurylink, Allergan and Charles Schwab appeared first on InvestorPlace.
- Investopedia•23 hours ago
Russell Rebalancing Expected to Boost Recent IPOs
The rebalancing of the family of Russell indexes at the end of June will see a number of recent IPOs added, providing a temporary boost to those companies' shares.
- Barrons.com•2 days ago
Beyond Meat Stock Shot Higher Because Short Sellers Lost Big Time
The maker of plant-based burgers reported first-quarter earnings that exceeded Wall Street estimates last week, but the stock jumped because people betting against Beyond Meat went through the grinder.
- Zacks•4 days ago
Tyson Foods (TSN) Launches New Plant-Based Protein Products
Tyson Foods (TSN) plans to launch alternative protein products under the Raised & Rooted banner.
- Investor's Business Daily•4 days ago
Beyond Meat Rallies As Fake Meat Rival Impossible Burger Struggles To Meet Demand
Beyond Meat rose on reports that fake meat rival Impossible Burger is struggling to keep up with demand.
- Zacks•4 days ago
Beyond Meat Gets Beefier as Competition Heats Up
Beyond meat has tweaked its formula to make its meat substitute meatier but the increased competition is starting to take prices down.
- InvestorPlace•4 days ago
Take a Ride on This Lyft Stock Rally
After a long, quiet period, this year's IPO market is abuzz. Two in particular -- Lyft (NASDAQ:LYFT) and Uber (NYSE:UBER) -- captured most of the headlines on Wall Street. That is, until Beyond Meat (NASDAQ:BYND) recently stole the show.Source: Shutterstock While the BYND and Zoom Video (NASDAQ:ZM) IPO processes produced successes, we learned that not all IPOs are created equal. Lyft stumbled right out of the gate. There was enough criticism to go around as to who did what and when to ruin the LYFT launch. What made matters worse for it, is that Uber came to market soon thereafter. It undoubtedly stole bids away from Lyft stock so it stood no chance of finding footing for weeks.Early in May I wrote an article about not giving up on Lyft and to stay long it. The idea paid, as the stock is up 16% since then. Today's note is to point out that even from here, there still is a bullish technical set up which could be the next opportunity for the Lyft bulls.InvestorPlace - Stock Market News, Stock Advice & Trading Tips LYFT Stock By the NumbersI am a fundamental investor, so I have to look at the boring stuff like valuation and the bullish versus the bearish thesis. So first let's look at the fundamentals, which aren't that great on paper. Lyft still loses a ton of money and they claim that they're going to grow to the moon. The path to profitability is very murky. Many experts even contend that they will never be profitable.I agree that the stock is definitely not cheap, since it sells at 7 times sales. But it's hard to gauge a growth stock like this so early in the process -- especially one that's in a brand-new disrupting industry. So there are no experts in the field. Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) encountered the same bearish arguments as they blazed their new industry trails. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 So for those who like LYFT stock, buy it for the long term and ignore this short-term action and the bearish talking heads.But I almost never make a trade without looking at the technicals too. So I ignore the fundamentals for this purpose of today's write-up because the opportunity is technical and it is in the charts. So I consider this a stand-alone tactical trade not an investment.The recent price action shows higher lows knocking against a roof. This tells me that the buyers have momentum for almost a month. If they are able to break through the roof, they can overshoot up and test $70 per share. There will be resistance along the way at $65 and $67 per share, so it won't be easy.For those who like to study charts, the pattern looks like an inverse-head-and-shoulder where the neckline is around $63.30 per share. Ideally I wait for the breach of the neckline before I chase the stock up. So it's a case of buy high and sell higher. How to Trade ItSome traders like to anticipate the move and start early, so they buy right away and hope for the rally to unfold. For that, I would definitely use tight stops, and where to place them depends on personal risk tolerance. I see significant levels at $58.70, $56.25 and $54 per share.The good news is that when a stock price range narrows from a wide band into a virtual point, it gathers energy. This almost always resolves itself in a big move where the direction is undetermined. In this case and since the bulls are making higher lows for weeks, unless there's specific bad news the expectation is that they will be able to breach it to rally even further. Click to Enlarge It is important to note that there is risk from outside factors to consider. We are still in the throes of an economic war between the United States and China, so we are apt to getting surprise geopolitical tape bombs. We cannot plan for these so it is best to set in adhere to the stop-loss levels below.Even as I share this upside opportunity here for Lyft, I have to note that I prefer holding Uber stock for the very long term. It's just too big a company to ignore and it reminds me of Facebook (NASDAQ:FB) and its infancy.Regardless, today's write-up is to share the potential of buying Lyft stock for a tactical trade that could deliver a $10 rally.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Take a Ride on This Lyft Stock Rally appeared first on InvestorPlace.
- Bloomberg•4 days ago
Impossible Burger Shortages Hit White Castle and Red Robin
Calls to a dozen Red Robins and the same number of White Castles on Thursday found that only two locations of each chain had Impossible Foods Inc.’s patties available. White Castle said on Friday the patties would be back no later than June 17.
Motley Fool•4 days agoWhat Sent Beyond Meat Shares Nearly 12% Higher Friday Morning?
As plant-based meat demand grows, some competitors are struggling to keep up.
- Yahoo Finance•4 days ago
How Impossible Foods is trying to solve one of its biggest challenges
Sometimes it's tough having a product that everyone wants to try.
- Benzinga•4 days ago
Another Company Joins The Plant-Based Food Race: Campbell Soup
Campbell Soup Company (NYCE: CPB) will launch a "plant-based cooking platform" that will offer plant-based products for cooking purposes, according to CNBC . Campbell Soup is looking to reinvent ...
- Insider Monkey•4 days ago
Meatless Future or Vegan Delusions? The Beyond Meat Inc (BYND) Valuation
In a big year for initial public offerings (IPOs), with Uber, Lyft, Pinterest and Zoom, to name just a few, already having gone public and more companies waiting in the wings, it is ironic that it is not a tech company, but a food company, Beyond Meat Inc (NASDAQ: BYND), that has managed to deliver […]
- TheStreet.com•4 days ago
Replay: Jim Cramer on Lululemon, Oil, Beyond Meat, Tyson
Jim Cramer weighs in on how oil is impacting the markets, Lululemon's quarter and Beyond Meat's newest competitor, Tyson.
- TheStreet.com•5 days ago
Jim Cramer: Tyson Foods May Bring Beyond Meat's Stock Down, but Not the Company
Can Tyson straddle the worlds of real animal food and plant-based versions or is it not in the company's DNA? Can a little, loss-making outfit, loss-making like Beyond Meat, tussle with the immensely profitable Tyson and have any hope of surviving? Management, led by the incredibly strong Ethan Brown, spent 10 years developing the ideal plant-based burger and he's willing to put his burger to the taste test against any and all offerings.
