Keep an eye on Beyond Meat (BYND).
After getting crushed, the plant based stock is showing signs of life on news it’s chicken alternative will be released at Kentucky Fried Chicken restaurants starting January 10.
We also have to consider that the plant-based boom is only heating up.
According to VegNews.com, “Sales of plant-based alternatives to meat and milk could increase by 100-fold to reach $1.4 trillion by 2050, according to a new report compiled by global investing giant Credit Suisse. Titled ‘The Global Food System: Identifying Sustainable Solutions,’ the report examined the current global food system and explained the large-scale changes necessary to sustain the growing global human population—which is projected to reach nearly 10 billion by 2050.”
Granted, BYND looks like a technical disaster at the moment.
However, given the potential new deals, the stock is just starting to show signs of life again.