BYND - Best Stock to Buy Right Now: Beyond Meat vs. Hormel Foods
2024-04-21 11:43:00 ET
If you are the type of investor who likes to buy certain stocks when everyone else is selling them, then you will probably find Beyond Meat (NASDAQ: BYND) and Hormel Foods (NYSE: HRL) interesting. The problem with investing when there is so-called "blood in the streets," however, is making sure that you're not buying a company facing a very real risk of dying. With that backdrop, deciding whether to buy Beyond Meat or Hormel is quite simple.
Beyond Meat came to the attention of Wall Street as one of the first stand-alone companies to sell meat alternatives. Its products quickly became a hit among consumers and restaurants, which are always trying to draw in customers with hot new products. But, like all fads, the allure of Beyond Meat's health-conscious and vegan-friendly products eventually waned. For example, in 2023, the company's U.S. consumer volume declined 26.4%, while volume in the food service channel dropped an even steeper 30.2%.
Image source: Getty Images.
For further details see:
Best Stock to Buy Right Now: Beyond Meat vs. Hormel Foods