Fake Chefs Cooking Fake Meat
Today, Blue Apron announced that they are partnering with Beyond Meat. And since $BYND is hot hot hot, it caused $APRN (a stock that is normally not not not), to pop pop pop 61%. They came back down to close the day up 35%.
“Blue Apron customers can now order meal kits for delivery in August that will include Beyond Meat's plant-based proteins.” $APRN did a reverse split last month as to not get delisted, while $BYND has soared since its recent IPO in May. $BYND was also up over 3% today. Can sexy new partnerships save the meal kit service?
Domino’s has been expanding by adding more stores to existing markets in order to make deliveries faster, as third-party delivery services pose a threat. Critics say this new growth strategy has been negatively affecting same-store sales growth. By the numbers, that may be true, since same-store sales grew by only 3%. $DPZ was down 8.7% today.
It All Started with Opium
$LK has had a rough day, down 4%, but investors are building a strong narrative around the native Chinese coffee company. One of the lasting themes of Chinese history is the population of China being introduced to, and then eventually hooked on, drugs conceived in Western nations. In 2019, that drug is Coffee.
Roku was up 7.5% today to hit a new all-time high. Why? Here is one take.