Bullish US Stocks Most Popular On Robinhood: $BYND $BA $JNJ

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Beyond Meat Reports 69% YoY Growth In Net Revenue


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Beyond Meat Inc. (NASDAQ:BYND) has a market capitalization of $7.93 billion and is one of the most popular stocks on Robinhood. The plant-based meat burger maker has been offering discounts on its products as beef prices increased during the pandemic to lure customers to try its products. This strategy is seen as a tactic that can grow the business and give consumers more protein alternatives as the foodservice sector wilted during the pandemic.

The company reported a 69% increase in net revenue in Q2 2020 top $113.3 million. Its retail channel revenue grew 192% YoY which was due to increased spending per household and enhanced household penetration. Net Loss was $10.2 million or $0.16 per share while adjusted EBITDA was 10.3% of net revenues.

Boeing Receives Contract To Build 4 More 702X satellites From SES


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Boeing Co (NYSE:BA) is also another popular stock on Robinhood and it has a market capitalization of $101.27 billion. The company has received a contract from SES to build 4 more 702X satellites as the space internet provider adds the number of o3b mPower satellites in the Medium Earth Orbit to around 11. The first satellite is expected to launch in late 2021.

Qantas and Antarctica Flights are offering Australians a spectacular scenic flight. Qantas previously used its Boeing 747s which is now retired in the 12-13 hour trip to Antarctica and now they will use the modern Boeing 787-9 Dreamliner.

Johnson & Johnson commence human trials for its COVID-19 Vaccine


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Johnson & Johnson (NYSE:JNJ) is also among the popular stocks on Robinhood and the company has a market capitalization of $389.74 billion. The company has commenced a trial of its vaccine candidate after it showed an immune response against SARS-CoV Virus in primates. The vaccine showed a strong immune response through the prevention of subsequent infection and offering almost complete protection in the lungs in the primates. Already phase 1/2a human trials has begun for the Ad26.COV2.S in volunteers in the US and Belgium.

The company has signed a $1 billion deal with the US government to secure around 100 million doses of its COVID-19 vaccine candidate. The deal comes after Moderna agreed that it will sell some doses of the vaccine between $32 and $37 which is more than what other drug makers are offering at. Johnson and Johnson and AstraZeneca indicated that they will not price their inoculations for profits.

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