Diamonds and Dogs

10/14/21

Beyond Meat (BYND) up a percent thanks to McDonald's.  McDonald's announced it would test its plant based McPlant burger, developed in partnership with vegan meat maker Beyond Meat, in eight U.S. outlets next month. The fast-food chain, which tied up with Beyond Meat to develop meatless alternatives in February, said it would start testing the burger from Nov. 3 for a limited time. The McPlant burger is already available in some countries, including Sweden, Denmark and UK.

Profit-taking in Avis Budget (CAR). The rental car industry has been on a tear due to the lack of new cars and the shortage of used cars. However, the stock is lower by 5% as an analyst said it's time to take profits even though he concedes that the high rental-car pricing will persist into 2022. Avis Budget stock is up over 50% since Sept. 15.

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