The Motely Fool has a good piece about being prudent when buying fake meat stocks. Their view is that with all new trends, you want to be careful with who you invest in. For example, picking Amazon in the early days would have been a good bet, but then there were also many other e-commerce stocks in the early days that went bust. The same applies to Ford, a massive car manufacturer whose stock hasn’t moved much from where it was in the 1960’s.
While the fake meat market is growing in size, and the planet requires a substantial shift in how we consume meat, Beyond Meat’s products are not yet much cheaper than traditional meat products. New entrants to the market like Lidl and Kroger are coming in and undercutting the big players, and unless Beyond and to a lesser extent Impossible Burgers who are cutting their prices on their fake meat products by 20% can provide a reasonable price for plant based “meats”, then the Motely Fool suggest being careful in investing in fake meat.
No doubt by now you’ve heard me state that I’m cautious of techs’ high prices, but in Apple’s case, Rob Arnott who founded Research Affiliates, a firm which has $145 billion under management, disagrees.
While Apple is currently up 60% vs the Dow which is up 5%, when comparing FAANG stocks it was only just overtaken by Amazon at +68%.
Apple is one of the most owned stocks in the world, and with the recent release of 5G devices and a global move to working from home, demand for their macbooks has gone up. What’s got people talking recently is a report that Apple will invest $3.6 billion in Hyundai-Kia to bring an Apple Car into existence.
What’s interesting is looking at Apple’s P/E ratio in comparison to other tech stocks. Apple sits at 35 times estimated earnings compared to Amazon’s 58 times, Netflix’s 57 times and Tesla’s 204 times earnings. A comparatively good deal.
If you’re interested in investing, then Freetrade is likely a company you’ll have heard of. The Freetrade app is a simple product which lets you buy and sell stocks, indexes and ETFs all from your phone at no cost. Hence the name, Freetrade.Continue reading…
Marijuana stocks have been struggling for some time now. Analysts have been predicting a touch time for the stocks, and that’s before the recent crash and pandemic slow down investments and consumer spending. Add lots of layoffs and departures to the mix and suddenly it doesn’t paint a pretty picture. That’s left producers like Canopy Growth and Aurora Cannabis in a position where they have to cut back and scale down their operations.Continue reading…