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Today we are watching…
1.ย Uber (#uber)
The last thing investors want to see is a founder and billion-dollar shareholder selling shares. Thomas Kalanick, formerly the CEO of Uber, has done just that. Heโs cemented over half a billion dollars to his name by liquidating, leaving the rest of Uberโs investors to wonder why he didn’t want to hold on. Technically, Kalanick couldnโt sell anything until a lockup period ended in which insiders were barred from selling. The markets had a hunch that after 180 days, the dam would break and sell orders would come rushing through. That’s why Uber was traded lower last week, so it may be a short opportunity to look out for in the future.
2. Restaurant Brands (#qsr)
Burger King, under the umbrella of Restaurant Brands, is gearing up for its biggest ever product launch in Europe. The fast-food chain is making a run at plant-based foods, with Unilever winning a contract to cook up its new โโRebel Whopperโ burger in over 2,500 kitchens. Price was Unileverโs big selling point, as the burger wonโt be the most expensive item on the menu in most places. A Beyond Meat or Impossible Foods burger would have been at-least two dollars more expensive, which is shocking to Burger King regulars. Concerns over the health and environmental impact of eating meat have created a plant-based mania. Itโs spreading to eateries everywhere under different names, with Unilever now a leader!