Better Buy? Disney vs. Beyond Meat
As the economy ever so slowly comes out of its pandemic-related slump, investors are looking for stocks with upside potential. Comparisons between a relative newcomer and a market stalwart are often surprising. Let's take a look at consumer discretionary stocks Beyond Meat (NASDAQ: BYND) and Disney (NYSE: DIS) and compare their probable trajectories, as I see them.
Beyond Meat, the plant-based alternative meat company, has been on an incredible run. Since the start of 2020, its share price has doubled, driven in part by meat-shortage fears, since many beef- and pork-processing plants were forced to close due to coronavirus.
Overseas expansion has helped to propel the stock price further. In the first two weeks of June, Beyond Meat announced both a distribution deal with a Chinese company and the opening of its first co-manufacturing facility in Europe. The plant, which will make the company's Beyond Burger and Beyond Sausage products, will be owned and operated by Zandbergen, a privately-held protein producer in the Netherlands.
Source Fool.com
