Stars and Stripes
“Your thoughts about the flag were very well-received here,” says a reader in response to Wednesday’s Rundown.
“I felt similar trepidation over displaying the ‘Stars and Stripes,’ but concluded it was time to take a stand for all that is right about America and what the flag stands for.
“As a matter of fact, I added a light so that we proudly display it 24-hours a day as a constant reminder of what this country and its defenders have afforded us.
“If we don’t stand for America, who will?”
Another reader concurs…
“My American flag flies every day. It flies for friends and family who died for freedom. It flies to let people know I love our country. Always have. Always will.”
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Your Rundown for Monday, Jul. 6, 2020
Did you enjoy a burger over the weekend? A veggie burger? (Un-American, you say?) Well, you might recall Beyond Meat (BYND) was one of the few IPOs of 2019 with some staying power.
The company that’s been producing a gluten-free meat substitute from peas and fava beans since 2009 is growing in popularity, with branded burgers and more at multiple chain restaurants throughout the U.S. Or you can find Beyond Meat at your local Whole Foods.
The lowdown on Beyond Meat? Investors piled into the IPO, driving its price up 163% by the close of trading in early May 2019. At the time, it was a sign of unqualified market exuberance.
Most recently — after shares settled back to earth — BYND shares gained almost 30% in May 2020. Year-to-date, in fact, Beyond Meat stock is up a staggering 70%.
One reason? A sterling first-quarter earnings report with revenue up 141% over last year. Not to mention: “Beyond Meat is jumping after the company said its faux-meat products would be available at retail outlets in China,” Barron’s reports. “It is big news… [for] the high-flying startup.”
Opening for business in the second largest economy in the world signals good things ahead for Beyond Meat. And as the pandemic continues to squeeze meat supply chains, we think BYND can make even more serious headway.
Market Rundown for Monday, Jul. 6, 2020
The S&P 500 futures are up 49 points to 3,180.
Oil stands pat at $40.83 for a barrel of WTI.
Gold is up $2.70 per ounce to $1,792.40.
Bitcoin is up $180 to $9,264.54.
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Thanks for checking back. We’ll have more to talk about Wednesday.
For the Rundown,