BEYOND MEAT (BYND)
EARNINGS RELEASE - AUGUST 4 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.02/share REV: 99.8/M
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LAST QTR: EPS: -.07/share ACTUAL: .03/share (BEAT)
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NEXT QTR: EPS: .07/share REV: 129.3/M
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FULL YR: EPS: .84/share REV: 463.9/M
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BEAT/MISS RECORD: 40% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 26.29, -19.91, -24.01
EXPECTED JUMP MOVE THIS QUARTER: 15-20%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading
Links To Latest News and Headlines
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
COVID-19 era macro trends are bolstering Yum brands like Pizza Hut, KFC and Taco Bell.
Beyond Meat, Inc. (NASDAQ:BYND) recently took on more debt. For a new company, debt can be dangerous, and we need to see what this means for them going forward.
(Bloomberg) — Chilean plant-based food producer NotCo SpA will use money from its latest funding round to enter the competitive fake chicken market this year and follow up with imitation salmon shortly after that, its CEO said.NotCo said this week that New York-based Tiger Global, tennis player Roger Federer, Formula-1 driver Lewis Hamilton and musician Questlove were among investors in the company’s $235 million D round funding, giving it a valuation of $1.5 billion. It has raised $330 million
BYND rallied above $140 in June but fizzled out in early July. The On-Balance-Volume (OBV) line has largely mirrored the price action. In this weekly Japanese candlestick chart of BYND, below, we can see some upper shadows above $150 on the most recent rally attempt in June.
StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.
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ANALYSIS: .
StockJumpers trajectory analysis has a beat on EPS, but the trajectory shows a down move the next day. We are biased short on this event, and will update latest modeling data before close.
We remain biased short on this event.
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OUR TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A
INITIAL PROFIT TARGET: 10%
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TRADE ASSIST: N/A
POST RELEASE ACTION:
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
Members who are too busy to manual trade can use Trade Assist. For more information visit here
Avg Daily Volume: 8,453,869 Market Cap: 7.95B
Sector: Consumer Non-Durables Short Interest: 10.79
Ticker delayed 20 minutes
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by Team Stockjumpers