It's an earnings bonanza.
There's an actual press release, and not just a Reddit push, to explain why Beyond Meat was taking off in early morning trading on Tuesday (Don't worry Reddit, I'll save the rocket ships for GameStop, BlackBerry, and Bed Bath & Beyond (BBBY) - Get Report.)
But first, Jim Cramer has a message for WallStreetBets investors: You're geniuses, but there's a whole lot you're missing while watching GME.
Watch Cramer go down the Reddit rabbit hole... while taking an at-home COVID test in the video below:
So, let's dive into the news.
“Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet while meeting consumer demand for an expanded portfolio of more nutritious products,” said Ram Krishnan, PepsiCo Global Chief Commercial Officer. “Beyond Meat is a cutting-edge innovator in this rapidly growing category, and we look forward to combining their unparalleled expertise with our world-class capabilities in brand-building, consumer insights, and distribution to deliver exciting new options.”
And, to Reddit's credit, there was also some news around BlackBerry this morning, with the company announcing an expanded partnership with Baidu.
TheStreet's Martin Baccardax wrote, "under the expanded partnership, Baidu’s high-definition map will be integrated with BlackBerry’s QNX Neutrino real-time operating system. The integrated system will be mass-produced and available on Guangzhou Automobile Group electric vehicle arm’s upcoming GAC New Energy Aion models, Baidu said in a statement."
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Daniel Kuhn contributed reporting to this article.
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