|Bid||19.58 x 800|
|Ask||19.69 x 800|
|Day's Range||19.55 - 21.24|
|52 Week Range||13.71 - 27.12|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.93|
Does stock market volatility have you ready to toss in the towel? My advice is use it to your advantage with IPO stocks Pinterest (NYSE:PINS), Beyond Meat (NASDAQ:BYND) and Luckin Coffee (NASDAQ:LK), where growth has quickly met up with value on the price chart. Let me explain.It's hard to keep up with the broader market's day-to-day gyrations. Wall Street swings from triumphant cheers to worrisome jeers and vice versa. From weak global economic data spooking investors to applause for the delay on levying tariffs on certain Chinese goods, it's hard to keep up with the headlines. * 10 Cheap Dividend Stocks to Load Up On More importantly, please don't forget the names Pinterest, Beyond Meat and Luckin Coffee. One of these stocks could be the next Facebook (NASDAQ:FB), Coca-Cola (NYSE:KO) or even Starbuck's (NASDAQ:SBUX). Bottom line, in today's wild trading environment these three recent IPO stocks are providing investors the opportunity to buy into big-time growth potential at advantageous prices.InvestorPlace - Stock Market News, Stock Advice & Trading Tips IPO Stock to Buy No. 1: Pinterest (PINS)PINS stock is the first of our recent IPO stocks to buy. The super popular web-based visual discovery platform blasted past earnings views and collectively caught investors' eyes as shares exploded higher by nearly 19% in early August.Technically, just over two weeks after reporting and with lots of market turbulence in between, PINS stock has pulled back approximately by 10% from a classic cup-with-handle pattern breakout attempt. This came after scoring fresh all-time highs.It's easy to blame overall market action for the first failure in this IPO stock. Ultimately, it hasn't been a great environment for buying breakouts. But with PINS stock still holding its own technically, there's reason to believe a second attempt will pay investors handsomely. PINS Stock TradeThe recommendation for PINS stock is to put shares on the radar for buying on a breakout above $35.30. That's only likely to occur if the major averages can rally for more than a day and begin to show more convincing signs of bottoming.A second approach for this IPO stock is to buy shares on weakness. I'd recommend looking for a daily chart pivot low to form. Then buy PINS stock on confirmation of a bottom. In order to keep this purchase technically constructive, I'd also make sure the PINS stock price consolidation continues to hold near $31 a share. IPO Stock to Buy No. 2: Beyond Meat (BYND)Beyond Meat is the second of our recent IPO stocks to watch. The alternative, plant-based meats company served up a sizzling, but not "meaty" enough, earnings report a couple weeks ago and word of a below-the-market secondary priced at $160 a share. The combination of reports didn't sit well with Wall Street.Technically, investors immediately punished shares, quickly dismantling BYND stock's uptrend line in free-fall-style price action. Subsequent pressure now has this first-to-market innovator testing its 50% Fibonacci level for support. BYND Stock TradeWhen will the selling pressure in this IPO stock abate? It's hard to know. But given that BYND stock is now well beneath the secondary pricing and testing a key retracement level, this deep pullback is worth monitoring for a bottom to emerge. * 10 Stocks Under $5 to Buy for Fall My advice is for investors to wait for a weekly reversal candlestick to be confirmed before entering into a long position. With this strategy, bulls will give up some immediate profit in this highly volatile IPO stock. More importantly, the approach should allow investors to buy growth at a discount and avoid being grilled for entering too quickly. IPO Stock to Buy No. 3: Luckin (LK)Luckin Coffee is the last of our IPO stocks that's setting up to buy. I'll credit InvestorPlace's Luke Lango for alerting me to this China-based upstart and its promising path to substantial longer-term returns for investors.It's true, Luckin Coffee does have its work cut out for it. The company is competing against the aforementioned coffee powerhouse Starbucks, which has already successfully penetrated this massive overseas market. But still, the opportunity is there. And as Luke notes, with a solid technology-based focus and an eye-popping sales growth runway that's affirming this IPO stock's toehold is working, LK stock is one to pick up on weakness. LK Stock TradeLK stock is testing its 50% and 62% Fibonacci levels and its lower Bollinger Band. Shares are also oversold based on the position of its stochastics indicator. However, this week's earnings-driven breakdown of trend support shouldn't be entirely dismissed. It could be a slippery path to retest this IPO stock's all-time-low near $14 a share. Anything is possible.My recommendation on LK stock is to wait for a daily chart bottoming candle to be confirmed if shares can maintain a bid above $18.75. This allows for a modest bit of wiggle room beneath the 62% level. That also respects exiting the position on a more convincing failure of this key technical support in anticipation of a more durable purchase at deeper and well-chilled levels of investor anxiety.Investment accounts under Christopher Tyler's management currently own positions in Pinterest (PINS) and its derivatives, but no other 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 * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Recent IPO Stock Pullbacks Worth Watching appeared first on InvestorPlace.
Luckin Coffee reported second-quarter results and the company is "very happy" with its performance, Shakel said on CNBC. The company looks to separate itself from rival Starbucks Corporation (NASDAQ: SBUX) by not only selling beverages at around half the cost but prioritizing takeaway and delivery, he said. Luckin is guiding investors to hit store-level break-even profit as soon as the third quarter 2019, he said.
(Bloomberg) -- Luckin Coffee Inc., the chain trying to take on Starbucks Corp. in China, plunged the most since its U.S. trading debut in May after it issued earnings for the first time as a public company.Luckin, which is based in China and listed in the U.S, said it was taking a hit from trade tensions and the slowing Chinese economy as it races to open stores and burns cash to build market share in China’s nascent coffee market.The shares sank 17% to $20.44 in New York on Wednesday. The shares were up 44% from the $17-a-share initial public offering price through Tuesday’s close.Despite the share plunge, which came on a day when global recession fears were weighing down markets, Luckin is on track to start breaking even at its individual locations this year, according to Chief Financial Officer Reinout Schakel. He added that the company could benefit from its lower prices if trade tensions and the weakening Chinese economy continue to hit consumers.“With the proposition we have around affordability, we’re well-positioned to weather that storm,” Schakel said in an interview.Luckin posted a net loss of 681.3 million yuan ($97 million). Revenue was 909.1 million yuan, compared with analysts’ estimates of 909 million.It is seeking to overtake Starbucks in China by opening more stores in two years than the industry giant has in 20 years. Investors have questioned the Xiamen, China-based company’s strategy of sacrificing profits to lure new customers with discounts when the Chinese economy is growing at its slowest pace in three decades, while a prolonged U.S.-China trade war damps consumer confidence.Starbucks’s IPO-Bound China Rival Wants to Re-Invent Coffee GameChina is becoming an increasingly important market for coffee retailers as the country’s middle-class tea drinkers develop a taste for java. Luckin has an uphill battle, as it claimed only 2.1% of the market last year, while Starbucks has more than a 50% share and also plans to continue its rapid expansion by opening one store every 15 hours.Luckin’s store count may be on track to overtake Starbucks this year, but the vast majority of its outlets are kiosks for delivery and takeaway, unlike the plush hang-out spaces at Starbucks.(Updates with closing share price. Previous version corrected to show figures in sixth paragraph are net loss rather than operating loss)To contact the reporters on this story: Jeff Sutherland in Tokyo at firstname.lastname@example.org;Craig Giammona in New York at email@example.comTo contact the editors responsible for this story: Rachel Chang at firstname.lastname@example.org, Anne Riley MoffatFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Luckin Coffee earnings were mixed for Q2, the first quarterly report for the Starbucks rival in China since its May IPO. Luckin Coffee stock fell.
Luckin Coffee (LK) is a fast-growing Chinese coffee chain. It was founded two years ago, and since then, it's opened thousands of stores in China.
Luckin Coffee (NASDAQ: LK ) reported second-quarter losses of 48 cents per share, which missed the analyst consensus estimate by 5 cents. The company reported quarterly sales of $132.43 million, which ...
China’s second-largest coffee chain behind Starbucks reported underwhelming second-quarter earnings. Revenue jumped 648% but it lost 96 cents a share, much deeper than the 43 cents analysts had expected.
Shares of Luckin Coffee Inc. sank 5.5% in premarket trading Wednesday, after the China-based coffee retailer reported a wider-than-expected second-quarter loss and revenue that soared more than 7-fold but came up short of analyst projections. The net loss for the quarter to June 30 was RMB1.21 billion ($176.9 million), or RMB6.56 a share, compared with a loss of RMB1.13 billion, or RMB2.88 a share, in the year-ago period. The average estimate of analysts surveyed by FactSet were expecting a loss per share of RMD3.07. Total revenue rose to RMB909.12 million ($132.43 million) from RMB121.51 million, but was below the FactSet consensus of of RMB940.3 million. Average monthly transacting customers rose 411% to 6.2 million and average monthly items sold grew 590% to 27.6 million, while total number of stores increased 375% to 2,963. The stock, which started trading on May 17, closed Wednesday 44% above its initial public offering price of $17. The stock has gained 20.5% since it closed at $20.38 on its first day of trading, while the S&P 500 has gained 2.3% over the same time.
China’s money-losing coffee chain Luckin Coffee still has big plans. When the company reports earnings, investors will look for more clues on whether the company can turn profitable before it runs out of cash.
Luckin Coffee Inc reported a more than seven-fold jump in quarterly revenue on Wednesday, in its first earnings report as a public company, as the Chinese challenger to Starbucks Corp rapidly opened new stores in its home market. Net loss attributable to the company's shareholders widened to 1.21 billion yuan ($172.5 million) in the second quarter ended June 30, from 1.13 billion, a year earlier as the company aggressively invests to overtake Starbucks this year as the largest coffee chain by number of outlets in China.
Net Revenues from Products Increased Over 698 Percent Year-Over-Year with 5.9 Million New Transacting Customers Acquired During the Quarter Company Approaching Store Level.
American Depositary Receipts of the 'Starbucks of China' plunge after it posts a wider-than-expected loss, even as it continues to gain ground on rival Starbucks with the introduction of teas and other specialty drinks.
Markets are choppy right now. Although there are a lot of risks out there, none of them are truly that big … yet. Investors are getting more concerned by the day, and that's why some growth stocks have taken a step back in August.It's also why volatility is up.But, zooming out, the biggest investment implication of this volatility is as follows: buy the dip in growth stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStocks should broadly head higher for the foreseeable future. As investors grow more cautious on the global economy, they have piled into U.S. Treasuries. At the same time, the Federal Reserve is cutting rates. The result is that the 10-Year Treasury yield is at 1.7%. And the inflation rate is at 1.6%.Thus, real rates are essentially zero, so if investors want any real return, they have to turn to the stock market. Concurrently, America's consumer economy is doing just fine -- it's just the manufacturing sector that's getting hit hard. Most of the U.S. economy is consumer-driven, so overall growth should remain healthy for the foreseeable future. This dynamic of healthy growth and low rates should keep stocks on an uptrend.Further, low rates are great for growth stocks, since these stocks derive a majority of their value from future profits, and the value of those future profits goes up in a low-rate environment. * 10 Real Estate Investments to Ride Out the Current Storm What all that means is that now is the time to buy the dip in growth stocks. Let's take a look at 15 of my favorite growth stocks to buy now and hold for the long haul. Growth Stocks to Buy for the Long Haul: Facebook (FB)Source: Shutterstock The bull thesis here is pretty simple. Facebook (NASDAQ:FB) owns all of the digital properties which consumers of all ages are addicted to -- Facebook, Instagram, Messenger and WhatsApp. One of those properties is the town hall of the internet, and everyone is on it (Facebook). One of those properties is the hottest app among young consumers (Instagram). Two of those properties are must-have global communication tools (Messenger and WhatsApp).In other words, everyone is in the Facebook ecosystem, and no one is leaving anytime soon. Because no one will leave, advertisers will continue to flock into the ecosystem. Ad revenues will march higher. The company will push forward with great success in commerce, too. That will bring in more revenue. Margins will remain high. Profits will soar.And so will FB stock. Shopify (SHOP)Source: Shopify via FlickrYou buy Shopify (NYSE:SHOP) stock for the long haul because this company is rapidly revolutionizing the commerce world, and could one day become the backbone of a new form of global commerce.Long story short, the commerce world is pivoting into a direct decentralized model, wherein anyone can sell anything to anyone else through any channel. This pivot requires technology to connect buyers and sellers. Shopify makes that technology. In so doing, Shopify is becoming the backbone of this direct decentralized retail world -- the digital "store front" for all these merchants, if you will.This world will only grow over the next several years, as the retail world increasingly decentralizes alongside the rest of the global economy. As it does, Shopify will become an increasingly important player in the multi-trillion dollar global retail market. * 7 AI Stocks to Watch With Strong Long-Term Narratives As that happens, SHOP's revenues, profits and the stock will all run higher in the long term. Luckin Coffee (LK)Source: Shutterstock Luckin Coffee (NYSE:LK) is a relatively small but rapidly expanding coffee house operator in China, which focuses on technology integration to drive sales (you basically order the coffee online, and then go pick it up in the store). Over the next several years, this company will continue to expand its real estate footprint with great success, because their tech integration fits perfectly with modern consumption habits.As such, within the next five years, Luckin will turn into the Starbucks (NASDAQ:SBUX) of China. Starbucks has a $115 billion market cap. Luckin Coffee has a $5.5 billion market cap. That huge discrepancy means that Luckin Coffee still has a big runway ahead of it for future value creation.Long term, then, LK stock should move higher as this company transforms into the dominant player in China's very big retail coffee market. The Trade Desk (TTD)Source: Shutterstock The long-term bull thesis on The Trade Desk (NASDAQ:TTD) centers around the programmatic advertising revolution.Long story short, programmatic advertising is the future of advertising. Before, ad buying/selling was a clunky negotiation process conducted between multiple human parties. Today, the ad buying/selling process is being automated and optimized using data. This automated process is programmatic advertising. Thus, as automation and data-driven technologies become more commonly deployed, programmatic advertising will become the standard in the ad industry.The Trade Desk is one of -- if not the -- most important player in the programmatic advertising market. As this industry expands over the next several years, so will The Trade Desk. The upside potential is that the global ad market is marching toward $1 trillion. The Trade Desk has a market cap of just $12 billion. * 10 Medical Marijuana Stocks to Cure Your Portfolio Thus, in the long run, TTD stock will march significantly higher as programmatic advertising becomes the ad industry norm. Roku (ROKU)Source: Shutterstock Consumers across the world are pivoting in bulk from linear TV to streaming TV. In response, multiple media and content companies are also pivoting into the streaming TV space, and launching their own streaming services. The result is that the streaming TV world is getting really crowded -- with a ton of demand and a ton of supply.Someone needs to connect all that demand with all that supply. That's what Roku (NASDAQ:ROKU) does. Through its content-neutral streaming ecosystem, Roku is turning into the cable box of the streaming TV world, seamlessly connecting consumers to their favorite streaming services. As the cable box of the streaming TV world, Roku stands to make a ton of high-margin revenue through subscription sharing and video ad dollars at scale.Net net, in the long run, as the streaming TV space grows, Roku's revenues and profits will march significantly higher. That will ultimately power ROKU stock higher in the long run, too. Pinterest (PINS)Source: Shutterstock The digital ad growth narrative is far from over. Consumers pretty much spend all their time in the digital channel. Yet, in 2018, digital ad spend accounted for less than 50% of total ad spend in the U.S. The market is growing at 20%-plus clip, too. The implication? The ad market still has a lot of growth firepower and a long growth runway ahead of it.That's great news for Pinterest (NYSE:PINS). Pinterest is a freshly public visual discovery platform with 300 million users. That's a big user base. But, Pinterest is just now starting to monetize with ads. That ad business has been growing at a great pace. It will continue to do so because the digital ad market is a secular growth market, and because Pinterest has a unique ad value prop in that market (visual discovery lends itself very well to ads). * 7 Transportation ETFs That Are Ready to Rally Over the next several years, then, Pinterest will start to monetize its users at the same rate as other major social media platforms. That creates visible runway for Pinterest to go from an $18 billion company today, to a $30 billion-plus company one day -- the market cap for Twitter (NYSE:TWTR) today. Square (SQ)Source: Via SquareThe long-term bull thesis on Square (NYSE:SQ) is all about two things: the global cash-less revolution, and Square's innovation trajectory in the cash-less payments world.Consumers everywhere are ditching cash. Why? Because cash is easy to lose. It's bulky, and can take up a lot of space. Cash transactions tend to take longer. In other words, there's a laundry list of reasons why consumers are pivoting away from cash usage, and why a cash-less world is the future of commerce. Yet, cash still accounts for 27% of all consumer payments in the United States, meaning that this secular cash-less payments growth narrative still has a ton of runway for future growth over the next several years.That's great news for Square, which has created an ever-expanding ecosystem in the cash-less payments world. At first, it started with Square creating hardware, which helped merchants of all sizes process non-cash payments. Ever since, Square has expanded into banking with Square Capital, peer-to-peer e-payments with Square Cash, and enterprise management services with Square Payroll and Square Orders. In other words, over the past five-plus years, Square has innovated relentlessly to expand its reach in the secular growth cash-less payments world.This combination of secular growth market backdrop and relentless innovation is a winning combination. Ultimately, it will propel meaningful long-term revenue and profit growth, which should in turn power SQ stock higher in the long run. Okta (OKTA)Source: Shutterstock Hyper-growth cloud security company Okta (NASDAQ:OKTA) is a solid long-term investment for two big reasons. First, cybersecurity is an increasingly important field that will grow by leaps and bounds over the next several years. Second, Okta has developed a unique solution in the cybersecurity world, which paves the path for Okta to gain meaningful share in this secular growth market.On the first point, cybersecurity is everything these days, and it'll only become more important over the next few years. Enterprises are pivoting everything to the cloud -- their workflows, their documents, their data, so on and so forth. They are doing so because the cloud enables more seamless, efficient work. But, it also opens up all that important stuff to a plethora of cyber risks. As such, enterprises are investing big to protect themselves from all those cyber risks, and will continue to do so in greater frequency as more information and workloads pivot to the cloud.On the second point, Okta has developed a unique security solution -- centered on identity -- which allows individuals within an enterprise to seamlessly and securely adopt any new software system (because an individual's identity does not change from system to system). This novel solution means that one security solution can be used without friction across an enterprise's entire ecosystem. That's a huge plus. Consequently, Okta has been winning share in the cloud security market (50%-plus revenue growth rates for the past several quarters) and projects to continue to keep winning share for the foreseeable future as identity-based solutions gain traction. * 10 Medical Marijuana Stocks to Cure Your Portfolio In sum, then, Okta projects as a big revenue and profit grower over the next several years. All that growth will inevitably power a bright future for OKTA stock. Tesla (TSLA)Source: Tesla It hasn't been all rainbows and sunshine for electric vehicle maker Tesla (NASDAQ:TSLA). Instead, it has been a very bumpy ride, with the stock ultimately going nowhere over the past several years.But, long-term investors would be wise to zoom out and see the forest through the trees. In the big picture, electrification is the future of transportation. Consumers globally are starting to recognize the value and importance of replacing gas-powered cars with EVs, and because it has become cool to be eco-friendly, they are also increasingly adopting EVs. At the same, legislation globally is pushing for broader EV adoption. The result? EV adoption rates will go from a few percentage points of the global auto market today, to 20%-plus over the next decade.That implies huge growth for the EV industry over the next decade. At the heart of all this growth is Tesla. Tesla owns 60% of the U.S. EV market, and that share has steadily grown over the past several years. Globally, Tesla owns over 10% of the market, and that share is also up over the past several years. With new models coming soon, it's reasonable to assume that Tesla will remain a relevant player in this market for several years to come.Thus, in the big picture, Tesla in a decade projects as a very important player in a huge EV market. That positioning will ultimately result in TSLA stock ending next decade significantly higher than where it trades hands today. Twilio (TWLO)Source: Web Summit Via FlickrThe long-term bull thesis on Twilio (NASDAQ:TWLO) is very simple. Communication is becoming an increasingly important part of the consumer experience, and Twilio enables that communication.In a nutshell, we are pivoting toward an experience economy. For consumer-facing brands, this translates as: no longer is it all about the product or service you sell, but it's also about the consumer experience that comes with buying that product or service. Thus, consumer-facing brands are increasingly looking to enhance their consumer experience. One way to do so is by integrating communication, i.e., the ability to communicate directly with consumers to improve their experience.Twilio provides the technological backbone which powers this brand-to-consumer communication. Over the next several years, this brand-to-consumer communication will become the norm in consumer experiences everywhere. That means Twilio will become part of the budget at every consumer-facing brand, which translates into huge revenue and profit growth potential over the next several years. * 10 Real Estate Investments to Ride Out the Current Storm As profits march higher over the next several years, so will TWLO stock. Canopy Growth (CGC)Source: Canopy Growth One of the biggest growth industries in the 2020's will be the cannabis market, and the company that projects to be at the head of all the growth is Canopy Growth (NYSE:CGC). That's why you buy CGC stock for the next decade.Current ground-level consumption trends -- many surveys and data-points suggest that recreational cannabis usage is nearly as common as alcoholic beverage usage -- and global legislative trends -- legislation everywhere is progressing towards full legalization of cannabis -- together imply that the legal cannabis market could be huge one day, and that all that growth will materialize relatively soon. Realistically speaking, the bulk of the legal cannabis market growth narrative will materialize between 2020 and 2030.The biggest company in this space right now is Canopy Growth. They have the biggest reach, the most production capacity, and the highest sales volume. They also have the widest global distribution network, the biggest balance sheet, and have been making the most aggressive expansion-oriented moves in the space. Thus, Canopy is really unrivaled in the cannabis world right now, and as such, projects to be a big grower in the 2020's as the cannabis market goes global.The result? Canopy's revenues will soar over the next decade. That huge revenue growth will drive dramatic margin improvements, and will one day result in huge profits at scale. Those huge profits will translate into a CGC stock price in a decade that should be meaningfully higher than today's stock price. Alibaba (BABA)Source: Shutterstock The China growth narrative has hit a major road-bump over the past two years as China's consumer economy has dramatically slowed. But, this growth narrative is far from over, and the long-term fundamentals here imply that China's most important consumer stock -- Alibaba (NYSE:BABA) -- will soar in the long run.China's once red-hot consumer economy has cooled recently, weighed by a combination of consumer fatigue and trade war inspired uncertainty. But, the fundamentals imply that this recent weakness is just a temporary slowdown in what still projects as a long-term growth market. Specifically, China's internet penetration rates, per capita income levels and per capita consumption rates remain well-below developed nation averages. Thus, China still has a long way to go before its economy is as urbanized and digitized as the economies of Europe and North America.China will get there one day. As such, China's consumer economy will continue to expand at an impressive pace over the next decade. As it does, China's big consumer-facing companies will continue to grow with equally impressive pace. The biggest of those consumer-facing companies is Alibaba. Consequently, Alibaba projects to remain a big grower for the next several years. * 7 Transportation ETFs That Are Ready to Rally Right now, sustained big growth is not priced into BABA stock. Thus, as sustained big growth materializes over the next several years, BABA stock will soar higher. Chegg (CHGG)Source: Shutterstock When it comes to Chegg (NASDAQ:CHGG), the long-term bull thesis is all about the digitization of the world's massive education market.The story here is simple. Today's high school and college students spend all their free time in the digital channel, with their heads buried in their phones sending Snaps, posting Instagram stories and watching YouTube videos. But, when they go into the classroom, very few things are digital -- teachers still write on white boards and students still take notes on paper.In other words, the digital transformation, which has changed the landscape of the consumer economy, has yet to hit the education market. This has created a huge disconnect between how students interact with their education materials, and how they interact with everything else.Chegg is trying to eliminate this disconnect by creating the world's first connected learning platform that takes the digital revolution, and applies it to the education market. This includes online textbooks, online solutions, on-demand e-tutors, on-demand writing help, online calculators, online test help, so on and so forth. Students love the Chegg ecosystem, mostly because it matches their everyday consumption habits.Over the next several years, Chegg will become the norm for high school and college students everywhere. There are 36 million high school and college students in America alone. Chegg only has 3 million subscribers. Thus, in the long run, Chegg will grow by a tremendous amount, which should lead to equally tremendous growth in CHGG's stock price. Beyond Meat (BYND)Source: Shutterstock You want to buy and hold Beyond Meat (NASDAQ:BYND) meat stock for the long haul because this company is in the top of the first inning of a huge plant-based meat growth narrative that will ultimately result in BYND stock heading meaningfully higher over the next decade.The bull thesis breaks into three parts. First, plant-based meats will one day turn into a sizable chunk of the huge global meats pie. Second, Beyond Meat will remain an important player in that soon-to-be huge global plant-based meats market. Third, realistic assumptions imply that BYND stock could be a multi-bagger.As I've discussed on InvestorPlace before, the numbers are simple:"The global meats market measures in around $1.4 trillion today. It will gradually grow to about $1.5 trillion by 2030. Global plant-based meats measure in around $12.1 billion today, or just under a percent of total meats sales. Plant-based dairy accounts for 14% of total dairy sales. That number is only growing, and current consumption trends indicate that plant-based meat can actually exceed that level of penetration at scale. By 2030, plant-based meats could account for 20% of the $1.5 trillion global meats market, or for about $300 billion in total sales."Let's say Beyond Meat turns into a 5% player in that market at scale. That implies $15 billion in revenue. Management has said gross margins will run toward 35%. Given the opex rates at other big meats players, Beyond Meat could realistically push its opex rate down to 20%. Thus, operating margins of 15% on $15 billion in revenue seems doable at scale. Doing the math on that and accounting for taxes, that combination should produce around $1.8 billion in net profits. Based on a market-average 16-forward multiple, that equates to a $30 billion market cap at scale. * 7 AI Stocks to Watch With Strong Long-Term Narratives BYND stock has an ~$10 billion market cap today. Thus, in the long run, this stock could triple. Axon (AAXN)Source: Shutterstock The long-term bull thesis on Axon (NASDAQ:AAXN) circles around this idea that, within the next several years, technology will increasingly transform the law enforcement industry in a big way, and that Axon will be the company at the heart of this technological transformation.Much like the education market, the law enforcement industry has been somewhat slow to pivot to the digitization trend. Axon is changing this. Through its portfolio of next-gen solutions, Axon is attempting to digitize the entire law enforcement industry, from head to toe. These solutions include smart weapons, body cameras, dash cameras, cloud archiving solutions, so on and so forth.Law enforcement agencies are increasingly adopting these solutions, partly because they have to keep up with the times and partly because they want to because they increase operational transparency and efficiency. Importantly, they are adopting Axon's solutions, simply because there is no other viable competitor in the market.Thus, as the law enforcement world continues to digitize over the next several years, Axon's revenues and profits will remain on a healthy long-term uptrend. That will keep AAXN stock on an equally healthy long-term uptrend.As of this writing, Luke Lango was long FB, SHOP, LK, TTD, ROKU, SQ, OKTA, TSLA, TWLO, CGC, BABA, CHGG, BYND and AAXN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post 15 Growth Stocks to Buy for the Long Haul appeared first on InvestorPlace.
Starbucks is the name everyone knows, but newcomer Luckin Coffee has hit the ground, or should I say grounds, running. Point72 Asset Management recently disclosed a 5.1% ownership stake after owning no shares as of June 30, 2019. Overall, the focus will be on five key metrics: customer acquisition, retention, frequency of purchases, average selling price (ASP), and store growth.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains and guest Madeleine Johnson dive into the world of coffee to see how the major publicly traded firms from Starbucks (SBUX) to Dunkin' (DNKN) have performed...
Chinese coffee chain Luckin Coffee Inc (NASDAQ: LK ) is expected to report "strong" metrics in its first-ever earnings release Aug. 14, according to KeyBanc Capital Markets. The Analyst Eric ...
Shares of the Chinese coffee chain dipping following its first earnings report since its IPO. Luckin posted wider-than-expected losses as it tries to expand rapidly and serve up discounts to challenge Starbucks. Yahoo Finance's Brian Cheung joins Akiko Fujita.