|Bid||151.71 x 900|
|Ask||151.75 x 1200|
|Day's Range||141.80 - 157.90|
|52 Week Range||45.00 - 186.43|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||82.83|
Tyson announcing it's planning to launch plant-based nuggets later this summer. This as Yum Brands Inc's KFC is looking to tap into the popularity of plant-based protein foods by rolling out a vegan version of its classic chicken burger at some outlets in the UK. Yahoo Finance's Seana Smith and Brian Cheung discuss.
The meatless madness continues, and this time Tyson Foods wants to cash in. It plans to debut several new plant based products at major retailers later this summer. Yahoo Finance's Julie Hyman, Adam Shapiro, Dan Roberts and NYU Stern's Scott Galloway discuss.
The IPO bump is real. According to a new Redfin report, the housing market in San Francisco is quickly heating back up, and the recent round of tech IPOs seems to be the reason. Redfin chief economist Daryl Fairweather joins Yahoo Finance's Julie Hyman, Adam Shapiro and Rick Newman to talk about the impact of these tech IPOs on property values.
Beyond Meat rose on reports that fake meat rival Impossible Burger is struggling to keep up with demand.
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.
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.
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 ...
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.
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 […]
Jim Cramer weighs in on how oil is impacting the markets, Lululemon's quarter and Beyond Meat's newest competitor, Tyson.
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.
Two consumer-facing IPO stocks have stood out for investors in the first six months of 2019. First, Beyond Meat (NASDAQ:BYND), the meatless burger taking the world by storm, went public on May 1 at $25 a share. Since then, it's gained 468% through June 13, and that's with a big two-day selloff on June 10 and June 11. The second IPO to turn heads is Revolve Group (NYSE:RVLV), the California online fashion retailer. It went public on June 6 at $18 a share. It's up 103% through June 13, an annualized total return of more than 5,000%. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe odds of it delivering a 5,000% return in one year is slim to none. Will it be one of the IPO stocks from the first half of 2019 to falter most in the second half? It very well could be. * 7 High-Quality Cheap Stocks to Buy With $10 However, with 65 pricings through June 13, it's possible that other 2019 IPOs such as Lyft (NASDAQ:LYFT) and Uber (NYSE:UBER) could also fit the bill. New Fortress Energy (NFE)Source: Shutterstock New Fortress Energy (NASDAQ:NFE) went public on January 30 at $14 a share selling $280 million of its stock. It lost 6.6% on its first day of trading and is down 31% through June 13. New Fortress takes diesel and heavy fuel oil and turns it into natural gas or gas-fired power. It sells these two items to customers who sign long-term, take-or-pay contracts. Utilizing an integrated liquid natural gas (LNG) production and delivery model, it plans to take advantage of the gap that exists between the supply and demand of LNG. New Energy Holdings is controlled by Fortress Investment co-CEO Wes Edens, a 57-year-old billionaire who owns a piece of both the Milwaukee Bucks and Aston Villa in the Premier League. Edens believes that U.S. natural gas exports to countries that have historically relied on oil imports to generate power are a winning proposition, which is why he co-founded it in 2014 and took it public in January. New Energy lost $36.5 million in the nine months ended September 30, 2018, 164% higher than its operating loss in the same period a year earlier. To be successful, it's going to burn through a lot of capital. I don't see it going well. However, he's a billionaire and I'm not, so you never know. Gossamer Bio (GOSS)Source: Shutterstock Gossamer Bio (NASDAQ:GOSS) went public on February 7 at $16 a share selling $276 million of its stock. It gained 12.1% on its first day of trading and is up 19% through June 13. The company, according to its prospectus, is "a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing therapeutics in the disease areas of immunology, inflammation and oncology. Our goal is to be an industry leader in each of these therapeutic areas and to enhance and extend the lives of patients suffering from such diseases."It's an admirable goal to be sure. Gossamer Bio initially expected to sell 14.4 million shares. However, serious interest from investors upped the number of shares sold to 17.3 million. It was the second biotech company of 2019 to go public at a valuation of more than $1 billion. In 2018, 58 biotechs went public, and only five were able to achieve a "unicorn" valuation. Gossamer is using the net proceeds to advance its best potential commercial drug -- GB001 is a treatment for asthma -- which is in Phase 2b clinical trials.In its first quarter as a public company, Gossamer Bio had no revenue and $34.0 million in operating expenses, compared to no revenue and $26.1 million in operating expenses in the same period a year earlier. * 6 Growth Stocks That Could Be the Next Big Thing Wouldn't it be wiser to invest in a biotech ETF or profitable biotech company than this IPO stock? Levi Strauss & Co. (LEVI)Source: Shutterstock Levi Strauss & Co (NYSE:LEVI) went public on March 20 at $17 a share selling $623 million of its stock. It gained 31.8% on its first day of trading but has since given some of those gains back, up 21% through June 13. In March, before Levi Strauss going public, I suggested seven reasons why investors should steer clear of its IPO. LEVI stock has made me look silly through the first three months as a public company. CEO Chip Bergh acknowledged that its growth was broad-based across channels and regions. However, I'm not about to change my tune despite the fact the maker of jeans had a good quarterly report with revenues of $1.44 billion, 7% higher than a year earlier, and adjusted net income of $151 million, 81% higher than the same quarter a year earlier. Of the $623 million in shares sold to the public, most were by selling shareholders; only $121 million in net proceeds went to the company. Frankly, with the company planning to open almost 100 stores in 2019, I could see its debt situation getting worse. It finished the first quarter with net debt of $319.2 million, $20 million less than at the end of November. The company has $500 million in fixed-rate debt at 5.0% interest and $542 million in fixed-rate debt at 3.375% interest. All due in 2024 and beyond. A retail company as iconic as Levi Strauss should not have any debt on its books -- even if it technically a recent IPO stock. Tradeweb (TW)Source: Shutterstock Tradeweb Markets (NASDAQ:TW) went public on April 3 at $27 a share selling $1.08 billion of its stock. It gained 32.6% on its first day of trading and is up 58% through June 13.Tradeweb operates electronic marketplaces for asset managers, hedge funds, insurance companies, and many other large financial institutions to trade various asset classes including equities, credit, and money markets. It has more than 2,500 clients operating in 62 countries around the world. Refinitiv, a company owned 45% by Thomson Reuters (NYSE:TRI) and 55% by Blackstone Group (NYSE:BX), owns just less than 70% of Tradeweb. On May 8, Tradeweb announced solid Q1 2019 earnings with revenues up 10.2% to $186.8 million on adjusted net income of $52.2 million. Except for its market data segment, all areas of its business had double-digit revenue gains in the quarter. * 3 Hot Trades for 3 Spicy IPO Stocks With zero debt and $362 million in cash on the balance sheet, I don't believe there's anything wrong with Tradeweb's business. I just feel like it's overvalued at 35 times cash flow and 46 times forward earnings. Luckin (LK)Source: Shutterstock Luckin Coffee (NASDAQ:LK) went public on May 16 at $17 a share selling $561 million of its stock. It gained 19.9% on its first day of trading; it's up 7.0% through June 13.Of all the IPO stocks on this list, Luckin is the one I'd be most wary of -- primarily because it's trying to steal Starbucks' (NASDAQ:SBUX) thunder in China. Also, the coffee market in China continues to see new, larger entrants like Restaurant Brands International's (NYSE:QSR) Tim Hortons and others, enter the scene, making it doubly hard for Luckin to become profitable. It's important to remember that Luckin is less than two years old. Going public with a valuation over $5 billion, that's pretty rich for a company that lost $238 million in 2018 on just $125 million in revenue. If Luckin operated in South Africa, not China, would you still be enthusiastic about investing in a coffee business that loses $2 for every $1 of revenue?I highly doubt it. Revolve Group (RVLV)Source: Shutterstock Revolve Group, as I stated in the beginning, went public on June 6 at $18 a share. Despite doubling in price, it continues to receive a lot of positive attention from Wall Street professionals. On June 7, Citron Research tweeted that it expects to see Revolve stock hit $50 because of its use of technology and social media to acquire new customers profitably. Citron estimates that Revolve spends $100 to bring in $300 in revenue, a sign that it's got significant growth ahead of it. On June 12, Jim Cramer of CNBC jumped into the fray, suggesting that RVLG ought to be on investors' shopping list. "They've been consistently turning a profit for years now. This is not your typical red-hot IPO that's all about revenue growth with no concern for earnings," Cramer said on Mad Money. "The only negative is that their margins took a little hit in the first quarter, but that's because they rolled out their new, lower-price concept Superdown."If you look at Revolve's prospectus, it's easy to see what Cramer means. In 2018, Revolve had an operating profit of $41.8 million, about double its operating profit from a year earlier, on $498.7 million in revenue. That's an operating margin of 8.4%, 330 basis points higher than in 2017. With more than $30 million in cash at the end of March and zero debt along with a portfolio of 21 of its own brands, innovation seems to be Revolve's calling card. * 5 Great Dividend Stocks to Buy From the Tech Sector However, with a $2.7 billion market cap, investors are paying 84 times cash flow. By comparison, you can get Lululemon (NASDAQ:LULU) for 31 times cash flow despite the fact it's up 41% year to date through June 12. Beyond Meat (BYND)Source: Shutterstock Beyond Meat is a great product. I've eaten its burgers both at restaurants and at home. Every time's been an enjoyable, tasteful experience. So, you won't get any complaints from me about the quality. Long term, I can see it becoming huge. However, when you have no analysts recommending its stock, you know it's a valuation bubble just ready to pop. On June 12, Bernstein downgraded Beyond Meat from outperform to market perform with a $123 target price. Eight analysts are covering its stock at the moment with all eight giving BYND a hold. "The downgrade is driven by valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float and is now trading at ~31x EV/NTM Sales, implying limited upside potential from a valuation perspective," wrote Bernstein's Alexia Howard.Like several of the stocks on this list, I believe that its stock can be bought later this year or early in 2020 at a much better entry point. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. 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 7 First-Half IPO Stocks That Will Falter in 2019as Second Half appeared first on InvestorPlace.
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM ), will trial a vegan version of its original recipe fillet sandwich. KFC said the “Imposter” will be available in selected restaurants in London, Bristol ...
IPO stocks have captured the imagination of investors this year. A slew of high-profile companies (and even some not-so-well-known ones) have delivered robust profits to shareholders. And it's not just the buy-and-hold folk being rewarded. Momentum lovers and tactical traders are finding ample opportunities in the class of 2019.It is this latter group that will find today's gallery most helpful. We're featuring three IPO stocks currently flashing compelling chart patterns for bullish trades. Freshly minted stocks in the public square offer the potential for big gains and big losses. Some, like the Facebooks (NASDAQ:FB) and Paypals (NASDAQ:PYPL) of the world go on to become mega-winners granting triple-digit returns. Others -- think Blue Apron (NASDAQ:APRN) -- quickly head toward zero. * 7 High-Quality Cheap Stocks to Buy With $10 The potential for outlier returns is what makes playing IPO stocks so darn attractive. To help boost your odds, we'll suggest options trades for each of today's selections.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's take a closer look. 3 Options Trades for 3 IPO Stocks: Uber (UBER)Source: ThinkorSwim We begin with the most popular and undoubtedly the most widely anticipated stock of the bunch -- Uber Technologies (NYSE:UBER). Though we've yet to see eye-popping returns, the price action for UBER stock has been quite constructive since last month's IPO.A series of higher swing highs and higher swing lows have formed, creating a short-term uptrend. Recently UBER stock formed a textbook five-bar pullback to its rising 20-day moving average (yes, we now have a 20-day MA to play with!). The selling was orderly, and the retracement did nothing more than return the stock to a previous resistance zone.Traders banking on the principle of polarity will look for the old ceiling to become a new floor. If you're willing to bet UBER will sit above $39 at July expiration then sell the July $39/$34 bull put for 60 cents. The reward is $60 per contract, and the risk is $340. Options are pricing in an 80% chance of success. Beyond Meat (BYND)Source: ThinkorSwim Beyond Meat (NASDAQ:BYND) has taken the Street by storm. From its humble opening print of $46, the purveyor of plant-based meat substitute products has grown into a stock vying for world domination. At last week's peak of $186.43, BYND stock's gains eclipsed 305%. And it's barely even one month old!Skeptics will justifiably point out the meteoric rise being a byproduct of an epic short squeeze that took place after earnings. There's no doubt BYND has completely detached from its underlying fundamentals. But such is always the case in the early days of an IPO. Hype and sentiment reign supreme. * 7 Stocks to Buy for the Coming Recession Options provide a simple way of gaming the excessive volatility. Premiums in BYND options are through the roof. If you think the stock can stay aloft for the next few weeks, then selling puts offers an attractive payout. For example, you can sell the July $85/$80 bull put spread for 70 cents. The reward is $70 per contract and the risk is $430. This trade offers a 91% probability of profit. Zoom Video Communications (ZM)Source: ThinkorSwim Zoom Video Communications (NASDAQ:ZM) takes the final spot of today's featured IPOs. Since its public debut in April, ZM stock has grown 55%, from $65 to $100.50. Buyers have dominated all along the way, creating a series of higher swing highs and higher swing lows.The upside accelerated following last week's earnings announcement. Since then, volatility has remained elevated, but bulls have proved willing to defend their turf. Tuesday's drop threatened to move into the earnings gap but was quickly reversed by yesterday's rally.High volatility is keeping options premiums pumped and ripe for the selling. If you're willing to bet ZM sits above $80 at expiration, then sell the July $80/$75 bull put spread for 65 cents. The reward is limited to $65, and the risk is $435. Your probability of profit is 88%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. 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) * 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 3 Hot Trades for 3 Spicy IPO Stocks appeared first on InvestorPlace.
Shares of Beyond Meat Inc (NASDAQ: BYND ) traded lower Thursday after Tyson Foods, Inc. (NYSE: TSN ) announced a competing plant-based food product. The Analyst Credit Suisse's Robert Moskow maintained a ...
Tyson Foods news about the company exploring alternative protein options has TSN stock up today.Source: Shutterstock Tyson Foods (NYSE:TSN) says that it will be offering additional protein options to customers through a new brand. This new band goes by the name of "Raised & Rooted."Tyson Foods' Raised and Rooted brand will be handling the selling of plant-based protein options, as well as blended food options. The company says that the name of the brand has to do with the types of foods that people are starting to consume.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAccording to the Tyson Foods news release about the new efforts, the company will be targeting several different avenues for releasing its products. This includes as part of its normal consumer offerings, as well as selling them to food-service customers."For us, this is about 'and' - not 'or'," Noel White, President and CEO of Tyson Foods, said in a statement. "We remain firmly committed to our growing traditional meat business and expect to be a market leader in alternative protein, which is experiencing double-digit growth and could someday be a billion-dollar business for our company." * 7 Dark Horse Stocks Winning the Race in 2019 While this is all good news for TSN stock, it is also having an effect on Beyond Meat (NASDAQ:BYND) as well. Beyond Meat is a maker of plant-based foods that serve as alternative protein options. While it has other rivals in the area, none present near as much of a threat as Tyson Foods does.TSN stock was up slightly and BYND stock was down a little earlier on Thursday, but has recovered as of noon. 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 As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Tyson Foods News: TSN Stock Pops, BYND Moves on Tyson's Alternative Protein Plans appeared first on InvestorPlace.
More than 60% of consumers are actively adding protein to their diets, and 75% are open to including both meat and plant-based proteins, according to Noelle O’Mara, chief marketing officer at Tyson. For plant-based proteins specifically, 40% of consumers want more in their diet. Tyson’s beef-plant hybrid burger, sold under the brand Raised & Rooted, is expected to reach consumers in the fall.