Short Idea Alert: Beyond Meat, Shake Shack, Plus One Semiconductor Stock Analysts Have On Their Lists Right Now
Portfolio Pulse from Surbhi Jain
JPMorgan analysts have identified Beyond Meat (BYND), Shake Shack (SHAK), and GlobalFoundries (GFS) as potential short opportunities due to various sector-specific challenges. Beyond Meat faces declining consumer interest in alternative meats, Shake Shack struggles with high promotional activity and low traffic visibility, and GlobalFoundries is expected to see slower growth compared to its peers.
July 16, 2024 | 4:23 pm
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JPMorgan analyst Kenneth Goldman rates Beyond Meat as Underweight due to declining consumer interest in alternative meats and ongoing unprofitability.
The analyst's Underweight rating is based on significant challenges such as declining consumer interest in alternative meat products and the company's ongoing unprofitability. These factors are likely to negatively impact Beyond Meat's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
JPMorgan analyst John Ivankoe rates Shake Shack as Underweight due to high promotional activity and low visibility on traffic and frequency growth.
The analyst's Underweight rating is based on concerns about high promotional activity and low visibility on traffic and frequency growth, which could obscure the company's ability to drive comparable store sales growth. These factors are likely to negatively impact Shake Shack's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
JPMorgan analyst Harlan Sur has a Neutral rating on GlobalFoundries due to its positioning further down the value chain, which is expected to result in slower growth.
The analyst's Neutral rating is based on GlobalFoundries' positioning further down the value chain, which is expected to result in slower revenue growth, margin improvements, and EPS revisions. While this may not lead to a significant decline, it suggests the stock may underperform compared to its peers.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100