Coronavirus and Climate Change?
Dear Rundown Reader,
“I just read yesterday’s email,” says the economist we featured yesterday, “Thank you for quoting me. I am honored.
“I worked hard to get through college, but I was lucky enough to get a full ride to an Ivy League school. I got a BA in Economics and Accounting. Thank you again; you’re awesome!”
We think luck had little to do with it… and thanks for the kind words.
Our reader mentioned going to an Ivy League school; perhaps she had a class with former Harvard professor Elizabeth Warren?
Yesterday, Warren made an unusual connection between the coronavirus outbreak in China and climate change…
Sen. Warren asserts Trump’s decision to leave the Paris Climate Agreement cut the U.S. off from important allies we need to fight a worldwide epidemic. And led to the spread of the SARS-related virus.
Think there’s a connection?
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Wednesday, Jan. 29, 2020
Beyond the Hype…
Beyond Meat (BYND) is one of the few IPOs that debuted last year that seems to have some staying power.
On its first day of trading — May 2 — Beyond Meat shares skyrocketed 163% and then crashed back to earth in Nov. 2019. So far in 2020, BYND shares have rallied almost 60%.
But the public’s fickle when it comes to the demand for meat alternatives.
As TechCrunch reports: “On the same day that the Canadian Tim Horton’s restaurant chain is dropping Beyond Meat products from its menus, the company and fried chicken chain KFC announced the expansion of a pilot run of the company’s chicken replacement products at new stores in Nashville, Tenn., Charlotte, N.C., and across Kentucky, according to multiple reports.”
KFC’s not the only fast food restaurant partnering with Beyond Meat; McDonald’s and Denny’s are also featuring the plant-based meat substitute on their menus.
For investors, is it time to buy BYND? If you already own shares, the Wall Street consensus is hold; otherwise, analysts anticipate the stock losing 8.95% over the next 12 months. We don’t think it’s time — yet — to buy into the plant-based food craze.
Market Rundown for Wednesday, Jan. 29, 2020
S&P 500 futures are up 11 points to 3,287.
Oil is up 11 cents to $53.59 for a barrel of West Texas crude.
Gold’s down 60 cents to $1,569.20 per ounce.
Bitcoin is down $62.86 to $9,318.06.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
Have a good Wednesday. We’ll catch up tomorrow.
For the Rundown,