03-15-2022, 07:21 AM
trending stocks for your booming portfolio
<!-- SC_OFF --><div class="md"><p>To take advantage of the trend of an increasing amount of animal products being replaced by plant products in people's diets, here are four plant-based stocks to add to your watchlist today!</p> <p>INGR is a global producer of plant-based food ingredients that are used in everyday products. The company utilizes all natural, plant-based products to create ingredients like sugars, syrups, starches and other biomaterials. Consumers generally don’t see the end product that Ingredion creates, but are more likely to see it as a component of creamy or crunchy textures for foods like yogurts and crackers. Ingredion also produces ingredients for home goods like lotions and tissues, as well as vital ingredients that allow products to be gluten-free or high-fiber.</p> <p>BYND is likely the company that most investors will think of when they hear the buzz words "plant-based meat." Beyond Meat surged onto the scene back in 2019 when it IPO’d and immediately shot up to about $250 per share. The plant-based industry as we know it now was still in its infancy, and Beyond Meat was one of the first recognizable brands that investors could buy. Shares are now down more than 35% from its IPO price, and the honeymoon phase is clearly over for Wall Street and Beyond Meat.</p> <p>VEGA is a platform that serves as a one-stop-shop for everything plant-based. With its fast-growing category verticals, the Company offers customers across North America more than 5,000 plant-based products. PlantX offers all of the top plant-based brands and even has its own services including XPets, XMeals meal delivery, and XFitness. Each of these have a subscription fee that goes towards further rewards that can be exchanged on the main PlantX retail site. In its most recent quarter, PlantX recorded an impressive growth in revenues from $907,935 in the quarter ending December 2020, to over $2.7 million for the quarter ending December 2021. This represents more than a 200% year over year revenue growth.</p> <p><a href="https://www.gurufocus.com/news/1659871/5-stocks-to-consider-as-plantbased-trend-takes-off">https://www.gurufocus.com/news/1659871/5-stocks-to-consider-as-plantbased-trend-takes-off</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/The-PennyInvestor"> /u/The-PennyInvestor </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/te6ilv/trending_stocks_for_your_booming_portfolio/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/te6ilv/trending_stocks_for_your_booming_portfolio/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>To take advantage of the trend of an increasing amount of animal products being replaced by plant products in people's diets, here are four plant-based stocks to add to your watchlist today!</p> <p>INGR is a global producer of plant-based food ingredients that are used in everyday products. The company utilizes all natural, plant-based products to create ingredients like sugars, syrups, starches and other biomaterials. Consumers generally don’t see the end product that Ingredion creates, but are more likely to see it as a component of creamy or crunchy textures for foods like yogurts and crackers. Ingredion also produces ingredients for home goods like lotions and tissues, as well as vital ingredients that allow products to be gluten-free or high-fiber.</p> <p>BYND is likely the company that most investors will think of when they hear the buzz words "plant-based meat." Beyond Meat surged onto the scene back in 2019 when it IPO’d and immediately shot up to about $250 per share. The plant-based industry as we know it now was still in its infancy, and Beyond Meat was one of the first recognizable brands that investors could buy. Shares are now down more than 35% from its IPO price, and the honeymoon phase is clearly over for Wall Street and Beyond Meat.</p> <p>VEGA is a platform that serves as a one-stop-shop for everything plant-based. With its fast-growing category verticals, the Company offers customers across North America more than 5,000 plant-based products. PlantX offers all of the top plant-based brands and even has its own services including XPets, XMeals meal delivery, and XFitness. Each of these have a subscription fee that goes towards further rewards that can be exchanged on the main PlantX retail site. In its most recent quarter, PlantX recorded an impressive growth in revenues from $907,935 in the quarter ending December 2020, to over $2.7 million for the quarter ending December 2021. This represents more than a 200% year over year revenue growth.</p> <p><a href="https://www.gurufocus.com/news/1659871/5-stocks-to-consider-as-plantbased-trend-takes-off">https://www.gurufocus.com/news/1659871/5-stocks-to-consider-as-plantbased-trend-takes-off</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/The-PennyInvestor"> /u/The-PennyInvestor </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/te6ilv/trending_stocks_for_your_booming_portfolio/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/te6ilv/trending_stocks_for_your_booming_portfolio/">[comments]</a></span>Kind Regards R