Traders still betting on risky Beyond Meat trade in hopes of a McDonald's deal $BYND $MCD (via TradingNation)
of the stock with an "overweight rating," predicting about 19% upside. But much of the surge could be chalked up to hype, warns Mark Tepper, president and CEO of Strategic Wealth Partners.
Those "holes" make Beyond Meat's sky-high valuation — roughly 36 times sales, by Tepper's calculation — "absolutely ridiculous," the investment pro said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barclays initiates coverage of Beyond Meat, saying it's 'not your typical meat company'Barclays started coverage of Beyond Meat with an overweight rating and said the company has endless possibilities going forward.
Read more »
Stocks making the biggest moves premarket: Texas Instruments, Beyond Meat, Alphabet & moreThese are the stocks posting the largest moves before the bell.
Read more »
Beyond Meat slides the most in a month after Tim Hortons pulls its breakfast sandwiches out of stores'Both the Beyond Burger and Beyond Meat breakfast sandwiches were introduced as a limited time offer,' Tim Hortons told Markets Insider in an email.
Read more »
Don't Have a Cow, Moby Got a Giant, Meat-Free Neck TatHe doesn't just talk the talk, he walks the walk and inks the ink.
Read more »
Hong Kong enters 16th weekend of protests as police warn violence escalating beyond controlHong Kong is headed into its sixteenth consecutive weekend of anti-government protests, as police warned the level of violence is escalating potentially beyond control, as the force faced renewed allegations of brutality.
Read more »