|Bid||133.15 x 2200|
|Ask||133.40 x 900|
|Day's Range||132.77 - 137.88|
|52 Week Range||48.18 - 239.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 27, 2020 - Jul 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||95.95|
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
(Bloomberg) -- The U.S. meat industry crisis that saw thousands of sick workers, surging prices and grocery-store shortages is leading half of Americans to consider plant-based options, new research shows.A poll taken By Rethink Priorities in conjunction with the Humane Society of the United States at the end of May found that 52% of respondents think the food industry should focus more on meat-free foods to help reduce shortages. The survey of 998 people also found that half of respondents don’t think the meat industry cares about the health of its workers, and 65% don’t think it cares about the treatment of animals.“Covid is shining a light for consumers to start evaluating their own choices and whether or not they want to continue to buy meat,” said Josh Balk, vice president of farm animal protection for the Humane Society.Plant-based proteins are already seeing a pandemic bump after coronavirus outbreaks forced closures at some of America’s largest packing plants. Soy-based burger maker Impossible Foods Inc. and pea-based meat imitator Beyond Meat Inc. have spread into grocery stores across the U.S., and buying of meat alternatives had tripled from a year earlier in the eight weeks ended April 25, according to Nielsen data.Faux meat had already catapulted to the zeitgeist last year, captured in the blistering initial public offering for Beyond Meat. More Americans have dubbed themselves flexitarians -- people who regularly substitute other foods for meat -- and vegan products have shown up on menus of nationwide chains including TGI Fridays. Even traditional giants like Tyson Foods Inc. have move toward offering alternatives.Even then, meat demand remains strong, said Sarah Little, spokeswoman for the North American Meat Institute, which represents companies that process 95% of America’s red meat. Despite tight supplies and purchase limits in place for popular cuts, sales volume grew 5% for the week of May 24 compared with a year earlier, according to data from researcher IRI.Still, the pandemic has highlighted longstanding issues in the country’s food-supply chain that many people are seeing for the first time, Balk of the Humane Society said. That is prompting consumers to look for alternatives to industrialized meat, he said.There have been at least 44 meatpacking worker deaths and more than 3,000 workers tested positive for Covid-19, according to estimates from United Food & Commercial Workers International Union. The slowdowns in processing also led to the largest pig culling effort the U.S. has ever seen as hundreds of thousands of animals were backed up on farms.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
While Beyond Meat (NASDAQ: BYND) has been making big gains lately, including a 29% stock market rise in May and a June rollout of its plant-based burgers in China, rival Impossible Foods is taking steps to catch up. With textured pea and potato proteins offering closer (and tastier) analogs to actual meat than the soy patties of yore, and healthier eating all the rage nowadays, the race is on among companies to secure a place in the growing plant-based meat market. Research by Global Market Insights, Inc. predicts the market will explode to $4.15 billion in sales annually by 2026, with some areas of the U.S. potentially witnessing a 26% CAGR (compound annual growth rate) in demand over the same period.
Yahoo Finance’s Heidi Chung joins Yahoo Finance’s Zack Guzman to discuss how meat plans are moving to reopen but prices stay high as grocery executives say consumers will have few options for months.
Beyond Meat's (NASDAQ: BYND) Beyond Burger is making its debut in mainland China. Yum China (NYSE: YUMC) -- the country's largest restaurant operator and sole licensee of Kentucky Fried Chicken, Pizza Hut, and Taco Bell from former parent company Yum! Brands (NYSE: YUM) -- said it will debut the Beyond Burger in some of its stores starting June 3.
Plant-based is a trend that will not go away any time in the foreseeable future.
Beyond Burgers will be introduced as a limited-time offering at select KFC, Pizza Hut and Taco Bell locations in mainland China, Yum China said in a statement. KFC will offer the burger as a three-day limited offer at five locations across the cities of Beijing, Chengdu, Hangzhou and Shanghai, Yum China said.
Beyond Meat (BYND) is partnering up with fast-food chains Kentucky Fried Chicken (KFC) and Pizza Hut to expand the reach of its famous plant-based beef in China.The news sent shares up 6.2% on Friday. According to social media site Weibo, the plant-based meat pioneer will be rolling out its products with KFC from June. The partnership with Pizza Hut is slated to start in the coming week. No further details were announced.“We’re proud to expand our partnership with KFC into China, one of their largest markets worldwide, as well as introduce a new partnership with Pizza Hut in China,” a Beyond Meat spokesperson said in an e-mail response to Bloomberg. "We'll be sharing more details soon."Back in April, Beyond Meat made the foray into the market in China announcing a partnership with Starbucks (SBUX). The coffee chain operator is offering a new menu to Chinese customers featuring the company’s ‘beef’ in pastas and lasagna, as well as non-dairy milk and fake pork products.During the same month, Yum China’s KFC also announced that it will begin its first Chinese trial of a plant-based version of its popular fried chicken. According to the company’s Weibo page, U.S. agribusiness Cargill Ltd will supply the nuggets.Beyond Meat’s expansion plans have fueled its share price to more than double since March 18. The stock traded at $128.29 as of Friday. Following the impressive rally, the $90.64 average analyst price target now indicates 29% downside potential from current levels. (See Beyond Meat stock analysis on TipRanks)However, one of the analysts sees more gains in the offing for Beyond Meat’s stock. Five-star analyst Peter Saleh, on May 19 initiated the stock with a Buy rating and $173 price target, reflecting 35% upside potential over the coming year, citing strong sales growth in coming years.“The company’s stated goal is to tackle the $1.4 trillion global meat industry,” Saleh wrote in a note to investors, adding that about $270 billion of that is spent in the U.S. “The adoption of Beyond’s products by mainstream customers in the suburbs will be the key to long-term success. We expect the company to expand into other protein categories including poultry to help broaden its appeal.”The analyst forecasts sales to grow 56% in 2020 and 51% in 2021.The rest of Wall Street analysts remain sidelined on Beyond Meat’s stock right now. The Hold analyst consensus is divided into 5 Hold, 5 Sell and 4 Buy ratings.Related News: Hormel Stock Rises After It Reports Record Sales Papa John’s U.S. Pizza Sales Jump 33.5%; Shares Pop 7% In Pre-Market Uber In Partnership With MoneyGram For Driver Discount During Pandemic More recent articles from Smarter Analyst: * Micron's Growth Story Remains Intact, Says Analyst * Aurora Cannabis (ACB): The Stock Is Too Hot on U.S. CBD Entry * Billionaire Jim Simons Snaps Up These 3 Penny Stocks * Novavax Surging On $60M Funding For Covid-19 Vaccine Candidate
Many Americans, stuck at home because of the coronavirus pandemic, are putting federal stimulus checks and other money into online stock trading. Several leading brokerage firms have reported a surge in new accounts since much of the U.S. went into lockdown in March, and the stock market’s sharp recovery since the March lows, coupled with recent steps to reopen the U.S. economy, only fuels these newcomers’ euphoria. Indeed, with zero-commissions, day trading seems like an easy way to make a quick buck.
Highflying alternative protein startup (BYND) is apparently expanding in China, and investors seem to be happy with the move. Beyond (ticker: BYND) products might be on KFC menus in China as early as June, according to on a post from KFC on Chinese social media. KFC in China is controlled by (YUMC) (YUMC).
When investors worry about a possible recession, they will often rotate out of economically sensitive stocks into sectors that are less affected by weakness. CME Group (NASDAQ: CME) is one of the biggest options and futures exchanges in the world. The company runs the Chicago Mercantile Exchange, the Chicago Board of Trade, and the New York Mercantile Exchange.
[Editor's note: "7 Stocks to Buy to Ride the Vegan Wave" was previously published in December 2019. It has since been updated to include the most relevant information available.]The IPO success of Beyond Meat (NASDAQ:BYND) has me revisiting the world of plant-based foods and vegan stocks to explore how investors might take advantage of the move to meatless alternatives.Today, the global plant-based meat market is worth an estimated $12.1 billion. That's expected to grow to $27.9 billion by 2025, for a compound annual growth rate of 15%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile many companies have focused on vegetarian and vegan markets in the past, it's clear that most food companies are now going after the "flexitarian" consumer: people who still eat meat, but regularly opt for meatless alternatives. Today, 29% of Americans identify themselves as "flexitarian," with approximately 79% of Gen Z (those born between 1995 and 2015) eating plant-based food 1-2 times per week. * 7 Industrial Stocks To Buy For the Market Rebound According to Nielsen, 98% of consumers who buy plant-based meat, also buy animal meat. The "vegan wave" is now the flexitarian wave.Regardless of what you want to call it, these seven companies are taking advantage of the move to meatless alternatives, with serious potential to make a lot of money in the long run: * Beyond Meat (NASDAQ:BYND) * Tyson Foods (NYSE:TSN) * Kellogg (NYSE:K) * Amazon (NASDAQ:AMZN) * ConAgra Brands (NYSE:CAG) * Maple Leaf Foods (OTCMKTS:MLFNF) * Impossible FoodsAs a result of changes in consumer tastes, companies have invested a total of $16 billion in plant-based meat, egg and dairy products. Let's look at how stockholders can make that money work for them. Beyond Meat (BYND)Source: calimedia / Shutterstock.com By now, Beyond Meat is a recognizable name for most investors, so I'll keep the IPO details brief.The plant-based food company went public on May 1, 2019, at $25 a share, selling 11.1 million units of its stock for net proceeds of $252 million, including the underwriters' over-allotment. Three months later on August 2, insiders sold 3.3 million shares at $160 per share. The company sold 250,000 shares to the public, raising $36.8 million in net proceeds.The company wisely waived the 180-day lock-up period for its main investors so that they could cash out a portion of their shares while they were up almost six-fold.Beyond Meat's Q1 2020 net revenues increased 141% year-over-year to $97.1 million, while its gross profit improved to $37.7 million (38.8% gross margin), for a net profit of $1.8 million, a 127% increase over the same period last year.More importantly, on March 11, 2020, Beyond Meat rolled out its new Beyond Breakfast Sausage product. With 33% fewer calories than a leading brand of pork sausage patties, these are bound to be a hit with health-conscious consumers. Tyson Foods (TSN)Source: Daniel J. Macy / Shutterstock.com Tyson Foods (NYSE:TSN) originally invested in Beyond Meat in 2016, buying 5% of the plant-based meat company. It upped its stake at the end of 2017 as part of a $55 million investment round.Unfortunately for Tyson shareholders, the company didn't make it to the ball, selling its shares in April 2019 for an undisclosed amount after Tyson CEO Noel White decided the company would create its own plant-based protein line. Tyson's brand is called Raised & Rooted. * 7 Retail Stocks to Keep Your Distance From It competes with Beyond Meat. However, while its chicken nugget product is meatless, its burger contains Angus beef as well as pea protein isolate.According to TSN's chief marketing officer, "While most Americans still choose meat as their primary source of protein, interest in plant and blended proteins is growing significantly".By November of last year, Raised & Rooted products had made it into 7,000 stores across the U.S., almost double the number of stores carrying the brand in August.Despite the increased rollout, Tyson didn't make reference to Raised & Rooted in either its Q2 2020 10-Q or quarterly conference call with analysts.Given the current problems with the country's meat-based supply chain, Tyson really needs to step up its game in 2020 and beyond if it wants to be a player in plant-based foods. Kellogg (K)Source: DenisMArt / Shutterstock.com When most people think of Kellogg (NYSE:K), the first thing that comes to mind is likely cereal: Special K, Frosted Flakes, Mini-Wheats, etc. However, it has owned a vegetarian food brand called MorningStar Farms since acquiring the business in 1999.The company sells over 90 million pounds of faux meat a year, with about one-third of that volume in fake burgers and the remaining two-thirds from other products such as chicken and sausage alternatives. Estimates suggest that MorningStar generates $450 million in annual revenue, about 1.3 times the $355 million Beyond Meat has sold over the trailing 12 months. Beyond Meat is valued at 24 times sales. If MorningStar Farms were given the same valuation, it would be worth $13 billion to Kellogg, about 62% of the company's current market cap. And it's clear that Kellogg is aware of MorningStar Farm's potential. The big question is whether management is smart enough to take advantage of the popularity of meatless products.On April 30, Kellogg announced on its quarterly conference call that it had delayed the launch of its "Incogmeato" burgers from the end of the first quarter to sometime in the second half of the year due to the novel coronavirus. The burgers will now be launched at the same time as its new plant-based sausage products. Amazon (AMZN)Source: Shutterstock It has been a whirlwind few years since Amazon (NASDAQ:AMZN) stunned the world by acquiring Whole Foods for $13.7 billion.Prognosticators of all types came out of the woodwork to predict the many changes Jeff Bezos might implement at the healthy foods grocery-store chain.During the pandemic, grocery stores such as Whole Foods have been forced to limit the quantity of meat individual customers can purchase due to a breakdown in the supply chain. Plant-based foods are far less vulnerable to this kind of situation.Whole Foods continues to up its plant-based offerings. In April, the grocery retailer launched Upton's Naturals, a 100% vegan banana blossom product sourced from Sri Lanka, that mimics the flaky texture of fish, providing seafood enthusiasts with a plant-based alternative.In the quarter ended March 31, Amazon's sales at physical stores, meaning primarily Whole Foods, totaled $4.64 billion, 8% higher than a year earlier and 6.3% higher than the preceding quarter.Furthermore, online grocery shopping has expanded by 60%, while the number of Whole Foods locations offering pickup-orders has nearly doubled to 150 stores across the country. * 7 Restaurant Stocks to Buy for a Big Rebound As it continues to push healthy, plant-based alternatives, Amazon will further grow its grocery business. Con Agra (CAG)Source: Shutterstock This may be a little convoluted, but stick with me. In a previous article about the move to plant-based foods, I discussed Hain Celestial (NASDAQ:HAIN), one of the earliest adopters of meatless and vegan alternatives. One of its subsidiaries is Yves Veggie Cuisine, founded by Canadian food entrepreneur Yves Potvin in 1985. Potvin sold Yves to Hain in 2001.Potvin's next move was to create Gardein in 2003, a maker of meatless alternatives, including veggie burgers and chicken sliders. Potvin sold Gardein in 2014 to Pinnacle Foods, which is now a subsidiary of ConAgra Brands (NYSE:CAG), for $154 million. ConAgra likely acquired Pinnacle Foods in part to take advantage of the flexitarian movement."That means the opportunity here could be in the range of $30 billion just in the U.S.," CEO Sean Connolly said in August 2019. "And you know, there's even more opportunity internationally."As grocery stores struggle to keep meat on their shelves during the novel coronavirus outbreak, meatless products have become a popular alternative. According to Nielsen, the sale of meatless products in the last week of March increased by 255% over the same week a year earlier. By comparison, meat sales grew just 53% year over year for the same week.How has Gardein fared during the pandemic? ConAgra says sales increased by 65% year over year in the six weeks between March 13 and April 19.If you are a CAG shareholder, Gardein is a major reason to hang on to your stock. Maple Leaf Foods (MLFNF)Source: Shutterstock Restaurant Brands International (NYSE:QSR) used to be on this list. However, earlier this year it got rid of Beyond Meat products at all of its Tim Hortons locations in Canada. Thankfully, as a Canadian, I've been able to replace it with Toronto-based Maple Leaf Foods (OTCMKTS:MLFNF), whose Protein Group, including plant-based food brands such as Lightlife and Field Roast, certainly fills the bill. * 7 Telecom Stocks That Are Worth a Close Look In early May, Maple Leaf reported its first-quarter results. Sales for the company's Plant Protein Group grew 25.9%, double the sales of its Meat Protein Group. However Maple Leaf lost money in the quarter due to increased strategic investments for its plant-based business and lower market prices for livestock. Yet the head of the company's plant-based business believes Covid-19 has provided it with an opportunity to shine a light on its products."I think this is a pivotal moment for plant-based foods," CEO Dan Curtin told FoodNavigator-USA. "We see significant upside in this category. Household penetration is still in the single digits although it's increasing all the time, and we're incredibly well positioned to grow with our two platforms."I like the taste of Beyond Meat's products better, but that's a subjective matter. Impossible FoodsSource: Shutterstock The aforementioned Restaurant Brands International owns Burger King. Last year, Burger King announced it was testing the Impossible Whopper, a plant-based version of its top-selling burger, for one month across all 7,200 stores in the U.S.Today, that plant-based option is still available, although the company's largest franchisee, Carrols Restaurant Group (NASDAQ:TAST), recently said the number of Impossible Whoppers it serves on a daily basis at a single location had dropped from 32 to 28. In comparison, it sells approximately 234 regular beef Whoppers daily. Impossible Foods make the Impossible Whopper, the same people behind the plant-based burger that's available at all Wahlburger locations across the U.S.However, because the burger contains soy leghemoglobin, it isn't considered to be vegan. But that might actually be a good thing; that same ingredient is the crux of the burger's appeal to flexitarians, who are used to the strong flavor of meat.In March, Impossible Foods raised an additional $500 million to fight the coronavirus threat and continue R&D. The company has raised more than $1.2 billion since its inception in 2011. Although the company was expected to go public at some point in 2020, it's in no rush to IPO. Impossible Foods CFO David Lee recently said that its Impossible Burger will be available at 1,700 Kroger (NYSE:KR) stores across the country while also adding availability at 777 other grocery store locations including Albertsons and Vons."We have not seen any interruption in our supply chain. While 95% of our consumers are meat eaters, the way we make our product is incredibly different. … We have a vastly different way to make our product that is far more efficient for us and far better for the planet," Lee told Marketwatch in early May.When it does go public, expect the valuation to be through the roof.At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post 7 Stocks to Buy to Ride the Vegan Wave appeared first on InvestorPlace.
U.S. retail sales of plant-based foods rose a whopping 90% during the peak panic buying period in mid-March, the Plant Based Foods Association and market analytics firm SPINS said in a press release.What Happened The PBFA analyzed retail sales of total plant-based foods, including plant-based meats, plant-based cheese, tofu and tempeh, over a 16-week period ending on April 19.The data makes it clear that consumers are eating plant-based alternative options "now more than ever," PBFA senior director of retail partnerships Julie Emmett said in the press release.The surge in sales was followed up with 27% sales growth in plant-based foods during the four week period after mid-March."Since the beginning of the pandemic, there has been a continued shift in consumer purchasing toward natural and organic products that enhance health and immunity," said Tony Olson, owner and CEO of SPINS. "Our data shows, the plant-based meat boom of last year continues and as reports of animal-based meat shortages increase, we can expect plant-based meat to gain even more traction."Why It's Important The data suggest potential good news for Beyond Meat Inc (NASDAQ: BYND), the plant-based meat alternative food marker.Retail sales of plant-based meat products were higher by nearly 150% during peak panic buying in March and stayed above 50% through late April. In fact, animal-based meat sales declined on a year-over-year basis from late March through April.Refrigerated plant-based meat was the top-selling product as sales were higher by 241% year-over-year during the peak panic buying period.What's Next The strong sales growth proves the plant-based industry is "here to stay and will only continue to grow," PBFA executive director Michele Simon said in the press release. The industry remains committed to providing consumers with "nourishing foods during these difficult times and beyond."Related Links:Analyst: Beyond Meat's Stock Has Plenty Of Juice LeftBeyond Meat Brings Jim Cramer One Step Closer To Becoming VeganPhoto courtesy of Beyond Meat.See more from Benzinga * Cramer Says Getting Over Coronavirus Crisis 'Not Enough' To Lift The Economy * New York City Caps Restaurant Delivery Fees * Why Bill Ackman Is No Longer A Berkshire Shareholder(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The COVID-19 pandemic has been kind to Beyond Meat and Impossible Foods, two companies that produce plant-based substitutes for hamburger, poultry and now pork (Impossible Foods recently introduced its pork substitute product). Supermarkets are expanding the shelf space given to meat substitutes as a response to coronavirus-related supply-chain disruptions at meat processing plants. No one knows whether the surge in interest and demand for plant-based meat substitute products will be sustained beyond the COVID-19 crisis.
As we've seen recently, the Dow Jones Industrial Average (DJINDICES: ^DJI) had larger gains than the broader market, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) also managed to pick up ground. Among individual stocks, Tesla (NASDAQ: TSLA) shares were surprisingly little changed, even after the electric automaker announced a move that made some fear that vehicle demand could be weaker than previously believed. Tesla shares were up a fraction of a percent Wednesday following news overnight that the automaker had chosen to cut prices of some its vehicles.
Food is a necessity, and with the global population growing by more than 200,000 every day, there are more mouths to feed than ever. This suggests the food industry will continue its growth trajectory over the long term. In the near term, the coronavirus pandemic has created unique challenges and opportunities for many companies in this crucial sector, and that's something investors in the food sector need keep an eye on.
On CNBC's "Mad Money Lightning Round," Jim Cramer said Newell Brands Inc (NASDAQ: NWL) is not high quality and it doesn't have a great balance sheet.Instead of Caesars Entertainment Corporation (NASDAQ: CZR), Cramer would buy Penn National Gaming, Inc (NASDAQ: PENN).Schrodinger Inc (NASDAQ: SDGR) is a very, very smart company and a great spec, said Cramer. He likes the stock.See Also: Canopy Growth Set To Become Cannabis Sector Leader, Says BofACramer said NortonLifeLock Inc (NASDAQ: NLOK) is an undervalued stock and it should be bought. He likes it very much.Canopy Growth Corp (NYSE: CGC) is the most legit of all the cannabis stocks, said Cramer. He added that it has a great management.Cramer is deeply committed to Beyond Meat Inc (NASDAQ: BYND) and its CEO. He thinks the stock is terrific, but it's also a wild trader.Pure Storage Inc (NYSE: PSTG) worked its way back and it is pretty good, said Cramer.See more from Benzinga * Fast Money Traders Share Their Thoughts On Beyond Meat * Cramer Comments On IHS Markit Ltd, Pinterest And More * Cramer Shares His Thoughts On MGM Resorts, Starbucks And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The plant-based meat substitute maker's CEO talks conquering China, encouraging consumer trials while the global meat supply chain is disrupted, and more.
It was a choppy week in the stock market, before investors headed home for a long three-day weekend. Let's use that extra day to look at some top stock trades for next week. Top Stock Trades for Tomorrow No. 1: Alibaba (BABA) Click to EnlargeSource: Chart courtesy of StockCharts.comAlibaba (NYSE:BABA) stock is falling about 6% despite reporting strong earnings and revenue results. Despite the stumble, the charts still look constructive.BABA stock ran into a roadblock around $220, but held the backside of prior downtrend resistance (blue line) ahead of the print. After Friday's fall though, shares lost this level, as well the 20-day moving average.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow down near $200, shares are coming up into the 50-day moving average. Aggressive bulls may consider buying this dip, giving the quality of the earnings. However, conservative buyers may consider waiting. * 7 Top-Rated Biotech Stocks to Buy on the Hunt for a Vaccine That's as potentially stronger support near $194 comes into play with the 200-day moving average. On a rebound, I want to see shares reclaim downtrend resistance. Top Stock Trades for Tomorrow No. 2: Beyond Meat (BYND) Click to EnlargeSource: Chart courtesy of StockCharts.comBeyond Meat (NASDAQ:BYND) had a relatively quiet week. The stock continues to form a narrowing wedge after its big post-earnings rally.That has bulls optimistic that a break higher may come into play, while bears are hoping the stock runs out of momentum. On the downside, keep an eye on $130. Below this level and below last week's low at $127.21 could spell trouble for the bulls.On the upside, a move over last week's high at $147.55 puts a potential rally to $160 in play. I do like this trade on a break of either level, but prefer the long side for two reasons.First, earnings are out of the way and the reaction was bullish. Second, there are fewer hurdles in the way on a breakout as opposed to a breakdown, with the 20-day moving average coming into play at $122.40. Top Stock Trades for Tomorrow No. 3: Canopy Growth (CGC) Click to EnlargeSource: Chart courtesy of StockCharts.comCanopy Growth (NYSE:CGC) made some great moves today -- and even gave traders an excellent day-trading situation.Friday's rally is interesting. On the one hand, CGC's move is impressive and the stock is rotating over last month's high. I love that. But at the same time, it's coming into the 200-day moving average near $20 and the 200-week moving average near $21.80.That's not a great scenario, although a rally over these market could put the mid-$20s in play. Keep these levels in mind on the upside. On the downside, watch $18.25. That was the April high, and a dip to this level that holds as support could be a buying opportunity. Top Trades for Tomorrow No. 4: Cronos Group (CRON) Click to EnlargeSource: Chart courtesy of StockCharts.comSticking with the cannabis industry, Cronos Group (NASDAQ:CRON) is moving nicely too. Shares are also rotating over last month's high, but could have a bit more room to run.Watch the $6.70 area for possible support on a pullback. On the upside, look for a gap-fill up toward $7.15, with the 200-day moving average and the $8 mark acting as more significant upside marks.This group can move intensely in both directions. But using levels can help pinpoint when the move is real vs. a fake-out. Have a happy Memorial Day weekend.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 4 Top Stock Trades for Tuesday: BABA, BYND, CGC, CRON appeared first on InvestorPlace.
Buying shares of Beyond Meat (NASDAQ: BYND) or McDonald's (NYSE: MCD) is a way to invest in an American classic: the burger. McDonald's reached a peak in annual revenue in 2014, then saw sales slip amid competition from popular fast-casual chains like Chipotle Mexican Grill and competitors with more of an upscale burger like Five Guys.