Tag Archives: shakeout

Beyond Meat CEO Ethan Brown is taking a more muted near-term outlook on his business amid rising competition in plant-based meats and an inflation-zapped consumer trading down to cheaper proteins. “A shakeout does appear to be underway, and we expect more brands to either retreat or consolidate,” Brown told analysts on an earnings call late Wednesday. “A less cluttered playing field to [then] emerge in the mid-term.” A McDonald’s “PLT” burger with a Beyond Meat plant-based patty at one of 28… Source link

The recent market decline has many people wondering if this is the start of a bigger correction, or just a shakeout before a fourth quarter rally. I’m leaning towards the latter for the following reasons: seasonality, the Fed, technicals, and sentiment. Seasonality is a short-term negative, but a positive into year-end. From approximately mid-September until mid-October, factors such as index rebalancing and end-of-the-quarter portfolio adjustments can lead to seasonal weakness. These… Source link

The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. Picture taken with a fisheye lens. REUTERS/Thomas Peter/File Photo SYDNEY, Sept 28 (Reuters) – Australia’s antitrust watchdog said it wants the power to curb Google’s use of internet data to sell targeted ads, saying the Big Tech firm dominated the market to the point of harming publishers, advertisers and consumers. The comments, in a report published Tuesday, set up another possible showdown… Source link