Pea protein is living its best life... Shares of Beyond Meat surged 40% higher Friday on word its revenue tripled in the 1st quarter — 15% of American restaurants now boast meat-alternative burgers (we're not just talking black bean patties). Shares of the 10-year old vegan champion are now up 451% since its May 2nd IPO as production launches across the pond.
Stick it up on the shelf... Months after putting itself on the auction block, Barnes & Noble has been sold to hedge fund Elliott Management for $638M (that's more than Wall Street thought it was worth, so shares jumped over 50% last week). After closing 150 stores in the last decade, B&N's desperate turnaround plan to lure Millennials with wine/beer/snacks-filled "experiential" concept stores didn't work. Its new owner is reading Harry Potter for magical inspo.
The fire's been put out... GM, Ford, and even German car makers (BMW, VW, and Daimler) all produce some fleets south of the border for US customers. So their stocks were down on fears of new Mexican tariffs. But leaks throughout the week that a deal to cancel them was in gear (+ Friday's final Trump Tweet-nouncement) rebounded the auto stocks.