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.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.