Better Buy: Beyond Meat vs. Nike
Beyond Meat (NASDAQ: BYND) is an up-and-coming industry disrupter with an uncertain -- but promising -- future. Its business has flourished despite the pandemic, which shows just how competitive it is. Nike (NYSE: NKE) is a leading athletic wear company. It's seen a dip in sales due to COVID-19, but it is also seeing strength in its digital segment even as stores reopen.
Both of these companies are hot stocks at the moment with the potential to deliver high gains for investors. But which one is the better pick today?
Companies have been selling meat alternatives for decades, but they've usually been of interest to just a select group of vegetarians and/or health mavens. Today, overall food trends have been moving toward plant-based products as more of the general public looks for healthier foods with greater nutritional benefits. With companies like Beyond Meat, Impossible Foods, and others entering the market, plant-based foods are becoming more mainstream.
Source Fool.com
