Diamonds and Dogs
Beyond Meat (BYND) beyond selling off. The meatless burger company is jumping 6% on an upgrade and expansion plans. Yesterday, on National Hamburger Day, Beyond Meat announced plans to complete its first manufacturing facility outside the U.S. by the first quarter of 2020 by partnering with Dutch processor, Zandbergen. This morning, the JPMorgan analyst is calling Beyond meat's upside "extraordinary" and projecting a 12-month price target of $97. The way the stock is acting it may get there this week.
Canada Goose (GOOS) laid an egg. The retail company known for their very popular $1000 parka coats is down over 25% to a 52 week low. The company beat earnings, but missed sales and posted its slowest revenue growth in eight quarters and forecast even slower sales growth for the next three years. The company, which has made a name for itself with celebrities sporting their parkas, is looking to expand beyond North America, opening its first store in China in 2018 and planning openings in Europe this year. They better hurry.