Technical Pulse: Verizon Communications Inc.

Source: stocksbnb.com
Past performance is not a reliable indicator of future performance

Verizon Communication (US: VZ) technical suggest that the stock may enter into a bearish correction based on the Elliott wave and Technical Analysis.

  1. Verizon has entered into a double three corrective wave and currently the price level is forming a downward sub 3 wave structure of the Y wave.
  2. 00 Psychological resistance has been rejected 3 times from 2018. The rejections signal strong resistance and hence our bearish view.
  3. Head and shoulder formation below 61.00 psychological level.

CHART LEGENDS
Moving Averages
Red line = Overbought line
Green line = Oversold line

 



Slack Tech Stock Listing on NYSE

Slack stock IPO NYSE

Slack Technologies Inc., which offers a workplace collaboration platform, is going public tomorrow. Instead of an IPO, it is going public through a Direct Public Offering (DPO) following the footsteps of Spotify and others.

Here is some information about Slack.

slack stock logo

Quick Facts

  • Going public on June 20, 2019 on New York Stock Exchange (NYSE)
  • Stock ticker symbol: “WORK”
  • Structured as a direct public offering (DPO)
  • Offering price is determined by the market instead of investment bankers

Usage

  • 10 million daily active users
  • 85,000 paid customers
  • 65 of the Fortune 100 companies use the Slack platform
  • Over 150 countries have daily active users in Slack

Financial Highlights

  • Revenue of $400.6 million in the year ending January 31, 2019
  • Revenue up by 82% from prior year
  • Lost $140.7 million last year
  • Valuation by investors at $16 billion to $17 billion, according to Fortune

 

How to Buy or Sell Slack Stocks in Australia?

Access Slack Shares from US$10

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Beyond Meat Stock (NASDAQ: BYND)

beyond meat ipo stock

It looks and tastes like meat, but it’s not. Beyond Meat, the latest stock market sensation in America, is a plant based meat company that is not only targeting vegans but also looking to take on the US$1.4 Trillion meat industry.

With a listing price of US$25 in early May, the shares recently hit a high US$96.78 and have certainly created some headlines as investors digest this new kid on the block…

 

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beyond meat stockWhat Does Beyond Meat Do?

  • Beyond Meat offers a portfolio of revolutionary plant-based meats by building meat directly from plants using innovation that enables consumers to experience the taste and sensory attributes of popular animal-based meat products while enjoying the nutritional benefits of its plant-based meat products.
  • The brand commitment, “Eat What You Love” represents strong belief that by eating its plant-based meats, consumers can enjoy more, not less, of their favorite meals, and by doing so, help address concerns related to human health, climate change, resource conservation and animal welfare.

What Is Their Approach?

beyond meat shares

  • Beyond Meat has a unique approach to the market by targeting meat-loving consumers rather than vegans and vegetarians, hence positioning themselves to compete directly in the $1.4 trillion global meat industry.

 

 

 

Who Are Their Customers?

beyond meat company stock

•    Tim Hortons, the Canadian coffee chain, is testing Beyond Meat’s plant-based sausages on its menu.

•    More than half of Canadians eat meat alternatives, according to Mintel.

•    Another International restaurant brand, Burger King, is rolling out its plant-based “Impossible Whopper” in more markets.

Prominent Investors

beyond meat investors

  • The company’s business and Hollywood celebrity backers include Bill Gates and actor Leonardo DiCaprio.

 

 

 

 

 

 

How to Buy or Sell Beyond Meat Stocks in Australia?

Access “Beyond Meat” Shares from US$10

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Source:
https://sec.report/Document/1655210/000162828018014471/beyondmeats-1.htm
http://fortune.com/2019/05/02/beyond-meat-ipo-stock-price/
https://finance.yahoo.com/news/beyond-meat-stock-is-exploding-and-some-are-betting-that-wont-last-long-202037167.html
https://seekingalpha.com/article/4264112-beyond-meat-worth-21-billion
https://www.beyondmeat.com/about/press/