Forex News 24

Zions Bancorporation Earnings: ZION Stock Slides as Q1 EPS Down Y2Y Zions Bancorporation Earnings: ZION Stock Slides as Q1 EPS Down Y2Y
The Uncertain Impacts of Trade Wars on Harley and Huawei
5 Top Stock Trades for Tuesday: TSLA, TWTR, TTD, O
Implied Volatility for Tomorrow’s Top Stocks
April 22, 2019 : GBP/USD Intraday technical analysis and trade recommendations.
4 Pizza Stocks On M&A Watch
4 Energy Stocks Soaring as Trump Tightens on Iran
Income Equals Freedom – The Philosophy of a Monthly Check
NZD/USD Breakdown Searches for Support
Beyond Meat IPO: 11 Things for Investors to Know

Zions Bancorporation Earnings: ZION Stock Slides as Q1 EPS Down Y2Y Zions Bancorporation Earnings: ZION Stock Slides as Q1 EPS Down Y2Y

Posted: 22 Apr 2019 01:43 PM PDT

Zions Bancorporation (NASDAQ:ZION) reported its quarterly earnings results after hours today, amassing a profit that was weaker than the company's net income during the same period in the year-ago quarter, playing a role in ZION stock taking a hit late Monday.

The Salt Lake City, Utah-based banking business said that for its first quarter of fiscal 2019, its net income came in at $205 million, or $1.04 per share, which was about 11.3% less than the company's net income from the year-ago quarter, which came in at $231 million, or $1.09 per share.

The figure was also a decline from Zions' profit during its fourth quarter of its fiscal 2018, which amounted to $217 million, or $1.08 per share. "First quarter results were fundamentally strong, with earnings per share of $1.04 as compared to $1.09 a year ago," said Harris H. Simmons, Chairman and CEO.

"However, the prior year's first quarter included interest recoveries on several large loans equal to $0.04 per share and a negative provision for credit losses equal to $0.17 per share," he added. "Adjusted pre-provision net revenue per share increased 16%; at the same time, credit quality remained strong, with net charged-off loans, as a percentage of average loans and leases, of zero, compared to 0.05% a year ago."

Zions added that average deposits were up by 4%, while average loans and leases gained 5% over the year-ago quarter.

ZION stock is down roughly 2.9% on Monday following the company's results. Shares had been declining about 1.3% during regular trading hours ahead of the company's results.

Article printed from InvestorPlace Media, https://investorplace.com/2019/04/zions-bancorporation-earnings/.

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The Uncertain Impacts of Trade Wars on Harley and Huawei

Posted: 22 Apr 2019 01:14 PM PDT

Harley Davidson Key Points:

Harley Davidson releases their 2019 Q1 earnings on Tuesday
President Donald Trump's tweets seem to have had an impact on Harley Davidson's stock price in the past
The tariff on Europe may continue to have a negative impact on Harley Davidson

On Tuesday, the famous motorcycle manufacturer, Harley Davidson, will release their first quarter earnings for 2019. Investors will look to their report to see how they have performed following the disapproval of US President Trump.

Last June, President Trump was not one to hide his thoughts on the company's decision to move their plant overseas – expressing his disappointment in the company's decision to leave the US. The decision came after the U.S increased import tariffs on Europe from 6% to 31%, resulting in a 90-100 million dollar loss for Harley Davidson.

Since President Trump's tweets, Harley Davidson has experienced a drop in their sales and stock performance. In the third quarter of 2018, worldwide sales dropped to -7.8%. However, when looking at their international sales (excluding the US), Harley Davidson increased sales by 2.6%. The increase did not last long. In the 4th quarter, they continued to struggle when international sales declined by 2.6% from the previous quarter.

After President Trump encouraged Harley Davidson clients to boycott their company last August, the company's stock witnessed a drop. With Harley due to report earnings tomorrow, markets will get an updated look at the trade war’s impact on the company. Similarly, another company caught in between the trade war was Huawei, who recently released their earnings report indicating a 39% increase in sales for the first quarter. However, the US government is still trying to get other nations to avoid purchasing from the company due espionage risk.

Both Harley Davidson and Huawei are facing ire from the US and President Trump, yet Harley Davidson has been negatively impacted whereas Huawei experienced a great quarter. However, since Huawei is a privately held company, they have not been audited. As April 29 approaches, US and Chinese officials prepare for their meeting in Beijing to continue trade war negotiations, potentially bringing an end to the US-China trade war.

Written by Nancy Pakbaz, CFA

Follow Nancy on Twitter @NancyPakbazFX

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5 Top Stock Trades for Tuesday: TSLA, TWTR, TTD, O

Posted: 22 Apr 2019 01:06 PM PDT

With the market stagnating near these upper levels, but not showing a willingness to pullback in any meaningful way, trade setups are becoming harder to find. That's not necessarily a bad thing, as it gives traders a chance to wait for more opportune trades. Let's see which top stock trades are presenting themselves now.

Top Stock Trades for Tomorrow #1: Tesla

Tesla (NASDAQ:TSLA) had its Autonomy Investor Day on Monday afternoon. Enthusiasts are excited by what the company has to show off and doubters are eager to pounce on anything that suggests Tesla has no edge.

What does it mean for the stock price though?

Shares were lower by about 3.5% heading into the event and near long-time support. This seemingly sets up the stock up for a bounce, particularly with earnings just around the corner on April 24th. However, some concerns are mounting on the technical front.

For starters, Tesla hasn't been able to break over its downtrend (blue line) on a closing basis for almost three months now. Further, the 200-week moving average — which has been support many times over the past few years — is not giving TSLA the bounce it needs. In fact, TSLA stock has closed below this mark four of the last five weeks, assuming we skip this week's candle.

Needless to say, Tesla is sitting at an important juncture. Below $250 and the situation could go from bad to worse in a hurry. Back over $280+ though and the bulls will have momentum back on their side.

Be aware of two situations, too: either a dump before earnings or a strong rally. Either could end up being a head fake.

Top Stock Trades for Tomorrow #2: Gilead Sciences

Down about 2% on the day and Gilead Sciences (NASDAQ:GILD) isn't looking all that good. Keep this one simple.

It's flirting with vital support between $60 and $62 with downtrend resistance (blue line) squeezing it lower. Below $60 and GILD is in no man's land. Above downtrend resistance and GILD will have to contend with $70.

Top Stock Trades for Tomorrow #3: Twitter

Twitter (NYSE:TWTR) will report earnings on Tuesday before the open, as the stock has been trading in a very tight range for the month. For now, it's holding above the 20-day and 50-day moving averages and just below stiff resistance at $36.

On earnings, look for a close over $36 to signal a potential breakout to higher prices. On a pullback, see that uptrend support holds. If it does, the more quickly it can reclaim the 20-day and 50-day moving averages, the better.

If uptrend support doesn't hold, $30 is in the cards and possibly $28 if that doesn't hold. Let's not get over our skis though. I want to see how TWTR trades after earnings first.

Top Stock Trades for Tomorrow #4: The Trade Desk

We have been flagging The Trade Desk (NASDAQ:TTD) a lot over the past few trading sessions, either looking for a breakout or a breakdown. As it so happens, a breakout is we're getting and now investors are trying to position themselves in the name.

If you missed the entry trigger over downtrend resistance, chasing may not be worth the risk. Current longs should watch $215 to see if TTD can push through. If it can, a new breakout could be underway and more upside could exist, which gives an opportunity to investors looking to get on board.

Notice that TTD is not overbought according to the RSI, while its momentum via the MACD is just swinging in bulls' favor, (both measures shown via blue circles).

Should we get a pullback to the backside of prior downtrend resistance (black line), it could be a buying opportunity if it holds as support.

Top Stock Trades for Tomorrow #5: Realty Income

We flagged this one about a week ago as the REITs started to come under pressure. I wasn't sure if it was a premature reaction or a savvy move, but I followed my gut and exited my REITs as this action developed.

At the time, we said look for $68 to act as support in Realty Income (NYSE:O). After strong selling, it was support — for one day. On Monday, O cratered below this mark as the stock is quickly down 9% from its highs less than a month ago. The 20-day moving average is also rolling below the 50-day moving average, which isn't a deal-breaker for bulls, but certainly isn't a great development.

So what now?

Almost 10% off its highs and it's hard to be a seller at this point. But I don't know that it's fallen far enough to buy yet. One strategy? Let it shake out. A rally back up to $68 or to the 20-day/50-day that's met by sellers could be an opportunity on the short side or for bulls to unload some of their holding. If it keeps going lower without a bounce, look for an eventual buying opportunity.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.

Implied Volatility for Tomorrow’s Top Stocks

Posted: 22 Apr 2019 01:03 PM PDT

S&P 500 Earnings Season Talking Points:

Among the most noteworthy corporations to report earnings before Tuesday's open, Twitter may be one stock to experience considerable volatility
Earnings season will continue to influence price action ahead of Friday's US GDP release
Interested in stock market sentiment? See how IG Clients are positioned on the S&P 500 with Retail Sentiment Data and sign up for one of our Sentiment Walkthrough Webinars to learn more about the tool

S&P 500 Earnings Season: Implied Volatility for Tomorrow’s Top Stocks

The week ahead will see more than 150 companies listed on the S&P 500 report their performance from the first quarter. While Friday's release of US 1Q GDP may carry more weight for global macro concerns, earnings will offer single-stock volatility. Should a discernible trend arise across the reports, earnings taken in aggregate may influence macroeconomic outlooks. While the market awaits those grandiose takeaways, implied volatility for corporations that report tomorrow is heightened.

S&P 500 Earnings Before Market Open: Tuesday, April 23

First and foremost, option traders are expecting a sizable price reaction from Twitter following the release of earnings on Tuesday morning. With a 1-day implied volatility of 9.24%, option pricing suggests the social media stock may slump as low as $34.31 or ascend as high as $37.48. Apart from Twitter, implied volatility is less pronounced – likely due to a combination of factors such as relative market capitalization and industry.

That said, Harley Davidson (HOG) and Centene Corporation (CNC) are also expected to see higher than average volatility. Harley has had to grapple with the ire of President Trump in the past, and new trade war fronts threaten to punish the stock further. On the other hand, Centene faces the industry-wide headwind that healthcare has had to weather over the last two weeks.

S&P 500 Earnings After Market Close: Tuesday, April 23

By comparison, option pricing suggests companies reporting after the closing bell will experience greater volatility. Two household names – Snapchat (SNAP) and Texas Instruments (TXN) – may see larger price swings in after-hours trading which will likely spill into Wednesday. Further, due to industry classification and therefore beta, volatility will remain heightened in the following 20 days. Follow @PeterHanksFX on Twitter for earnings season coverage. In the interim, check out the weekly fundamental forecast for the S&P 500, Dow Jones, DAX 30 and Nikkei 225.

–Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide.

2019-04-22 20:00:00

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April 22, 2019 : GBP/USD Intraday technical analysis and trade recommendations.

Posted: 22 Apr 2019 12:53 PM PDT

On January 2nd, the market initiated the depicted uptrend line around 1.2380.

A weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved on March 11.

Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD failed to achieve a higher high above the previous top achieved on February 27.

Instead, the depicted recent bearish channel was established.

Significant bearish pressure was demonstrated towards 1.3150 – 1.3120 where the depicted uptrend line failed to provide any bullish support leading to obvious bearish breakdown.

On March 29, the price levels of 1.2980 (the lower limit of the depicted movement channel) demonstrated significant bullish rejection.

This brought the GBPUSD pair again towards the price zone of (1.3160-1.3180) where the upper limit of the depicted bearish channel as well as the backside of the depicted uptrend line came to meet the pair.

Bearish rejection was anticipated around the mentioned price levels (1.3150-1.3180). However, the GBPUSD bullish pullback failed to pursue towards the mentioned zone.

Instead, significant bearish rejection was demonstrated earlier around the price level of 1.3120.

Since then, Short-term outlook has turned into bearish towards 1.2920-1.2900 where the lower limit of the depicted channel is located.

Trade Recommendations:

Any bullish pullback towards 1.3120-1.3140 should be considered for another SELL entry.

TP levels to be located around 1.3100, 1.3020 then 1.2950 – 1.2920. S/L to be located above 1.3170.

The material has been provided by InstaForex Company – www.instaforex.com
2019-04-22 17:57:34

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4 Pizza Stocks On M&A Watch

Posted: 22 Apr 2019 12:30 PM PDT

In early April, MTY Food Group acquired pizza chain Papa Murphy's (NASDAQ:FRSH) at a huge premium. It was big news for FRSH stock, which popped more than 30% to the acquisition price. But, the news was largely a non-event for other pizza stocks, since most market observers chalked up the acquisition as a one-off, and didn't extrapolate much by the way of M&A potential to other pizza stocks.

Nonetheless, it's interesting to note that of the top 10 pizza chains in America, four of them have been acquired over the past eight years (Papa Murphy's, California Pizza Kitchen, Round Table Pizza and Cicis). That's a sky-high 40% acquisition rate for America's largest pizza chains.

Thus, while investors maybe shouldn't directly extrapolate the Papa Murphy's acquisition to other pizza stocks, they should be aware that certain pizza stocks do have high M&A potential. From this perspective, let's take a closer look at four pizza stocks that are on M&A watch.

Papa John's (PZZA)

Source: Shutterstock

Of all the publicly traded pizza stocks, the most likely to be an acquisition target in 2019 is Papa John's (NASDAQ:PZZA).

Papa John's has had some serious struggles over the past few years, as a lack of innovation coupled with bad press from Papa John himself has created a drag on sales, margins and profits. That's why PZZA stock has been on a multi-year decline.

But, the stock is now dirt cheap, at 1.4-times enterprise value-to-sales. Interestingly enough, that's roughly the level where Papa Murphy's was acquired at. It's also the lowest multiple left among publicly traded pizza stocks. Plus, the board room drama with Papa John is over, NBA superstar Shaquille O'Neal has been added to the board, and there's reason to believe a brand turnaround is coming soon.

As such, if I were a private equity firm, now would be a really good time to take a bite out of PZZA stock.

RAVE Restaurant Group (RAVE)

Source: Shutterstock

The second most likely pizza chain to be acquired in the foreseeable future is RAVE Restaurant Group (NASDAQ:RAVE).

Dallas-based RAVE Restaurant Group owns and operates two pizza chains, Pizza Inn and Pie Five Pizza. In total, the company's pizza chain footprint measures around 270 locations all across the world. Only one of those stores is company-owned. The rest are licensed. This asset-light business model should ultimately prove attractive to a potential buyer.

On top of a license-heavy model, operations at RAVE aren't bad (comparable sales were mildly positive last quarter), margins are an issue but improving, and the stock is pretty cheap at 2-times enterprise value-to-sales. As such, if a buyer thinks they can come in and cut costs without dramatically impacting sales to produce sizable profits, then RAVE stock could fetch a big offer in the foreseeable future.

Domino's Pizza (DPZ)

Source: Shutterstock

The hottest pizza stock over the past several years has been Domino's Pizza (NYSE:DPZ).

Much unlike its peers on this list, Domino's has leveraged technology integration and menu innovation to drive consistently positive comparable sales growth. This has led to healthy revenue growth, strong margin expansion and robust profit growth. That's why DPZ stock has rallied 250% over the past five years.

But, the stock is no longer that cheap at 4.2-times enterprise value-to-sales. Plus, given recent out-performance, investors would require a huge premium to even consider a takeover offer. That would imply an offer somewhere around $15 to $20 billion. That's a bit steep as far as pizza chain M&A is concerned.

All in all, then, DPZ is a winning stock. But, the likelihood this company is acquired in the foreseeable is very low.

YUM! Brands (YUM)

Source: Shutterstock

Falling in the same boat of winning pizza stock but unlikely M&A candidate is Pizza Hut, which is already owned by YUM! Brands (NYSE:YUM).

After Domino's, the second most successful pizza chain over the past several years has been Pizza Hut. The chain struggled for a while, but recently has been getting its groove back amid a series of operational improvements, including store remodels, menu innovations and distinct marketing. The sum of these initiatives powered flat comparable sales growth last quarter and last year, and current trends imply that positive growth is due next year.

That means YUM stock should go higher from here. But, it also means that the likelihood of YUM getting a takeover offer are next to zero. This is a $30 billion-plus company trading at 7-times enterprise value-to-sales. No buyer is interested in that. As such, when it comes to M&A upside in pizza stocks, YUM stock has very little.

As of this writing, Luke Lango was long DPZ.

4 Energy Stocks Soaring as Trump Tightens on Iran

Posted: 22 Apr 2019 11:53 AM PDT

Crude oil prices are blitzing higher on Monday, with West Texas Intermediate pushing towards the $70-a-barrel level, after the President Donald Trump Administration announced the United States is ending sanction wavers on Iranian oil imports in early May. With the start of the summer driving season nearly upon us, the energy bulls are wasting no time bidding up key stocks in the space on supply concerns.

Of course, this could create a number of macroeconomic problems down the road. Higher at-the-pump prices will pinch consumer spending power. It will bolster inflation measures. And it could well result in the end of the Federal Reserve's recent dovish tilt.

But for now, higher prices means more revenue for oil and gas stocks. Here are four on the move:

Exxon Mobil (XOM)

Exxon Mobil (NYSE:XOM) shares are testing the upper end of a two-month consolidation range bounded by the upper reaches of the sideways channel seen late last year. A breakout here would put the September high near $85 in play, which would be worth a gain of nearly 4% from here.

The all-time high of $88 set in 2014 belies that fact the stock has been drifting sideways for nearly five years, since oil prices peaked and the Saudis unleashed their price war against U.S.-based shale producers. The company will next report results on April 26 before the bell. Analysts are looking for earnings of 74 cents per share on revenues of $67.4 billion. When the company last reported on Feb. 1, earnings of $1.41 beat earnings by 33 cents on an 8.1% rise in revenues.

Chevron (CVX)

Chevron (NYSE:CVX) is benefiting from a recent ruling by the Dutch Supreme Court in its fight against a lawsuit from the Republic of Ecuador for fraud and corruption. Watch for shares to move back above their 50-day moving average and break up and out of a three-year long sideways pattern.

The company will next report results on April 26 before the bell. Analysts are looking for earnings of $1.31 per share on revenues of $37.4 billion. When the company last reported on Feb. 1, earnings of $1.95 beat estimates by six cents on a 12.6% rise in revenues.

Hess (HES)

Hess (NYSE:HES) shares are extending higher on Monday, pushing further away from their golden cross as the 50-day average rallies above the 200-day average. Watch for a move to the prior high near $73, which would be worth a gain of nearly 10% from here. The strength comes despite a recent downgrade by MKM Partners analysts, who are still looking for a $71 price target.

The company will next report results on April 25 before the bell. Analysts are looking for a loss of 27 cents per share on revenues of $1.4 billion. When the company last reported on Jan. 30, a loss of 31 cents per share beat estimates by seven cents on a 30.3% rise in revenues.

Marathon Oil (MRO)

Shares of Marathon Oil (NYSE:MRO) are perking up and over their 200-day moving average, exiting a downtrend pattern that has been in place since October. Already up roughly 50% from the low set in late December, watch for a run at the prior high near $24, which would be worth another 30% move from here.

The company will next report results on May 1 after the close. Analysts are looking for earnings of seven cents per share on revenues of $1.3 billion. When the company last reported on Feb. 13, earnings of 15 cents per share beat estimates by a penny on a 27.7% rise in revenues.

As of this writing, William Roth did not hold a position in any of the aforementioned securities.

Income Equals Freedom – The Philosophy of a Monthly Check

Posted: 22 Apr 2019 11:37 AM PDT

What is economic freedom? It’s the ability to do what you want without worrying about where you will get the money to pay your bills each month. There is no higher or better purpose for investing your money than to gain economic freedom.

Using your money for a monthly income is probably the last thing people think about when considering an investment. Usually the focus of attention is on rate of return and safety. While these are important issues, the conversion of assets into monthly income is sometimes a difficult transition. Do you sell the asset to get cash? Do you put money in a certificate of deposit and hope that the interest rate will be adequate for your needs? Is the payment stream reliable? How do you finally get the income you need?

In planning for your monthly check amount, start at the end and work backwards. What is the amount of the monthly check you want? When do you want it? Then consider how much capital you will need to give yourself the monthly payment. What is an average rate of return from various types of investments? How long do you have to gather the assets required? What are the mechanics of actually getting the money from the investment into your checking account each month?

For example, you may decide you would like a $5,000 per month income. If you are able to obtain a 6% annual return on investment, you would need $1,000,000 in capital. Six percent annual return would allow you to receive monthly income while maintaining your asset. The number of years you have available for accumulating the asset is an important consideration. What is a reasonable rate of return for the investment risk you are willing to take?

In the end, your job is no different than that of the actuary hired by a company to set up a pension plan. Your assumptions must be realistic. You may benefit from using historic experience about average rates of return in various financial markets over time. If your assumptions are too liberal, you may fall short in reaching your goal; if your assumptions are too conservative, you may experience undue difficulty in gathering the assets. Your objective is to use reason, past experience and acceptable assumption of risk to produce a result that will carry you to the goal: economic freedom.

Two of the most important characteristics of people who reach the goal of monthly income: patience and tolerance. Accumulating assets over time requires the patience one needs to stay the course in following a plan. Investing in any asset class requires tolerance in accepting risk of some type. Actuaries know that in the long run past experience is a good basis for a reasonable assumption; however, actuaries also know that on any given day there is a chance of being wrong. And one of the greatest risks of all is doing nothing.

Source by Howard Feigenbaum

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NZD/USD Breakdown Searches for Support

Posted: 22 Apr 2019 11:24 AM PDT

In this series we scale-back and look at the broader technical picture to gain a bit more perspective on where we are in trend. The New Zealand Dollar is down more than 2% against the US Dollar since the start of the month with the decline clearing a multi-week range in price. These are the updated targets and invalidation levels that matter on the NZD/USD weekly price chart. Review this week's Strategy Webinar for an in-depth breakdown of this setup and more.

New to Forex Trading? Get started with this Free Beginners Guide

NZD/USD Weekly Price Chart

Notes: In my previous NZD/USD Weekly Technical Outlook we noted that Kiwi had responded to confluence resistance at the 2019 highs with, "the immediate advance vulnerable sub-6941." One month later and price is down more than 3.7% from the highs with Kiwi closing below yearly open support last week at 6705.

A break below the 2018 trendline keeps the focus lower while below confluence resistance around 6765/90 with initial downside support targets now eyed at the 61.8% retracement of the October advance at 6633 and the yearly range low at 6586. Weakness beyond this threshold would be needed to keep the short-bias viable targeting the low-week close at 6507 and the 2015 low-week close at 6453. Critical resistance and broader bearish invalidation steady at 6926/31.

For a complete breakdown of Michael's trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Bottom line: Kiwi has broken below both up-trend support and the multi-month range we've been tracking and leaves the risk weighted to the downside in NZD/USD. From a trading standpoint the immediate downside may be nearing exhaustion, but the medium-term focus remains lower while below the 100-day moving average at 6965 – look for a reaction on a move into the yearly opening-range lows at 6586for guidance. I'll publish and updated NZD/USD Price Outlook once we get further clarity in near-term price action.

Even the most seasoned traders need a reminder every now and then-Avoid these Mistakes in your trading

NZD/USD Trader Sentiment

A summary of IG Client Sentiment shows traders are net-long NZD/USD – the ratio stands at +2.34 (70.1% of traders are long) – bearish reading
Traders have remained net-long since April 2nd; price has moved 2.0% lower since then
Long positions are 5.1% higher than yesterday and 0.5% lower from last week
Short positions are 6.0% higher than yesterday and 12.6% lower from last week
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests NZD/USD prices may continue to fall. Traders are less net-long than yesterday but more net-long from last week and the combination of current positioning and recent changes gives us a further mixed Kiwi trading bias from a sentiment standpoint.

See how shifts in NZD/USD retail positioning are impacting trend- Learn more about sentiment!

—

Relevant New Zealand / US Economic Data Releases

Economic Calendar – latest economic developments and upcoming event risk. Learn more about how we Trade the News in our Free Guide!

Previous Weekly Technical Charts

Learn how to Trade with Confidence in our Free Trading Guide

— Written by Michael Boutros, Technical Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex

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Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.

Beyond Meat IPO: 11 Things for Investors to Know

Posted: 22 Apr 2019 11:12 AM PDT

<br /> Beyond Meat IPO: 11 Things for Investors to Know | InvestorPlace

The IPO may value shares between $19 and $21

By William White, InvestorPlace Writer

Apr 22, 2019, 2:08 pm EDT

April 22, 2019

More details about the upcoming Beyond Meat IPO are coming out.

Beyond Meat IPO: 11 Things for Investors to Know

Source: Shutterstock

Here's what we know about the plans for the Beyond Meat IPO.

Beyond Meat is currently looking to price its shares between $19.00 and $21.00 for the IPO.
This will have it selling 8.75 million shares of its stock.
That could have the company raising as much as $183.75 million through its IPO.
The company also notes that it will be trading on the New York Stock Exchange under the ticker "BYND."
The Beyond Meat IPO also includes a 30-day option for underwriters of the IPO to purchase an additional 1,312,500 shares of BYND stock.
Beyond Meat still doesn't have a set time for its IPO to take place, but it is aiming for sometime this year.
The underwriters for the Beyond Meat IPO include Goldman Sachs, J.P. Morgan, Credit Suisse, Merrill Lynch, Pierce, Fenner & Smith, Jefferies and William Blair .
Beyond Meat is a creator of vegan foods that look to mimic the taste of real meat.
Among these foods is the company's Beyond Burger, which it claims mimics the taste of real beef even though it is made up of plants.
The Beyond Burger can be found in grocery stores and is also served in some restaurants around the country.
The company argues that there is a growing market for alternative foods without meat that can still copy the flavor.

You can follow this link to learn more about the Beyond Meat IPO.

As of this writing, William White did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media, https://investorplace.com/2019/04/beyond-meat-ipo-things-to-know/.

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