from Yahoo Finance https://ift.tt/2XGas3E
Author: therawinformant
-
MedMen Enterprises Inc. (CSE:MMEN) Just Reported And Analysts Have Been Cutting Their Estimates
-
Should You Buy U.S. Bancorp (USB)?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
from Yahoo Finance https://ift.tt/2yJgLee
-
Coronavirus response caused a ‘much bigger economic shock’ than necessary: Niall Ferguson
In a newly released interview, historian and author Niall Ferguson condemns those restrictions as unnecessarily stringent measures that crippled the economy far more than necessary to ensure public safety.
from Yahoo Finance https://ift.tt/3ceAKix
-
Negative interest rates: What they are, how they work and whether they are coming to the U.S.
from Yahoo Finance https://ift.tt/3gEcZEg
-
Is Horizon Therapeutics (HZNP) A Good Stock To Buy?
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
from Yahoo Finance https://ift.tt/2AnNmXC
-
Beyond Meat Teams Up With KFC, Pizza Hut In China
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: * American Airlines Plans To Cut 30% Of Its Management Staff * Zoom Video Is Said To Plan To Offer Better Encryption For Paying Users * Moderna Embarks On Phase 2 Study Of Covid-19 Candidate; Shares Pop 11% * 5-Star Analyst Pounds the Table on Roku Stock
from Yahoo Finance https://ift.tt/2TUrUjP
-
The U.S.-China-Hong Kong tensions are ‘just starting to play out’: Beige Book CEO
The relationship between the United States and China has come under more strain as the CPP recently passed the Hong Kong Security Act. Leland Miller, China Beige Book CEO, joins The Final Round to break down the latest news about China and Hong Kong. from Yahoo Finance https://ift.tt/36Lx6eT
-
31M have or plan to withdraw from retirement due to COVID-19: survey
Bankrate.com released a survey noting that 31 million Americans have or plan to tap into their retirement savings because of the COVID-19 pandemic. Joining The Final Round to discuss the survey further is Bankrate.com’s Chief Financial Analyst Greg McBride.from Yahoo Finance https://ift.tt/3cjLJrc
-
MedMen Enterprises Inc. (CSE:MMEN) Just Reported And Analysts Have Been Cutting Their Estimates
from Yahoo Finance https://ift.tt/2XGas3E
-
Powell: Main Street facility to start loans in a few days
Fed Chair Jerome Powell spoke on the U.S. central bank’s coronavirus programs and future plans for economic recovery. from Yahoo Finance https://ift.tt/2yRPl64