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2023-12-15	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the dynamic stock market realm, the term “best meme stocks” transcends being a mere catchphrase, encapsulating a pivotal movement. Fueled by social sentiment, the recent documentary “Dumb Money” shed light on the remarkable retail trading surge of 2021, which left Wall Street pundits scratching their heads. Additionally, the impact of meme stocks has been profound, catapulting companies such as GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) into the spotlight, marking a significant chapter in financial history. But it’s important to acknowledge that the appeal of meme stocks goes beyond just their social media fame. As such, the social media forces driving the meme stock phenomenon are here to stay. As the world ventures deeper into digital realms, the online culture is expected to wield a greater sway over market trends. This evolving investment landscape presents unique opportunities for savvy traders to combine the thrill of viral movements with serious stock trading. Nvidia (NVDA) Source: Michael Vi / Shutterstock.com Nvidia (NASDAQ:NVDA), leading in artificial intelligence (AI) chip technology, excels in the stock market with key partnerships like Amazon Web Services, highlighting its role in AI and cloud integration. Concurrently, the company’s strong presence on social media platforms like Reddit, X (formerly Twitter) and Discord enhances community engagement and market visibility, potentially influencing market dynamics. Financially, its third quarter results were exceptional, with a staggering non-GAAP earnings per share (EPS) of $4.02, exceeding expectations by 63 cents, and a revenue surge to $18.12 billion, up 205.6% year-over-year (YOY). Its data center revenue also set a new record at $14.51 billion, marking significant quarterly and annual growth. Furthermore, Nvidia’s financial success this year is mainly attributable to the impact of its A100 and H100 chips, instrumental in powering advanced AI training models. Additionally, the company is poised to unveil the GH200 AI chip in mid-2024, a development eagerly anticipated by the tech industry. With staggering financial and technological accomplishments recently, NVDA isn’t just any meme stock, it’s going to be one of the best meme stocks for 2024. Advanced Micro Devices (AMD) Source: Joseph GTK / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), a global semiconductor leader, has seen an impressive 14.38% surge in the past month. This stellar growth can be primarily attributed to the introduction of AMD’s groundbreaking Ryzen 8040 microchips, which have been a driving factor in the company’s recent success. Furthermore, the company’s innovation is showcased by the MI300X accelerator microchip now available for purchase, posing a direct challenge to Nvidia’s AI data center chips. The significance of this strategic move is underscored by tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) both favoring AMD’s more cost-effective MI300X chips over Nvidia’s pricier H100 chips. Financially, these developments project a $400 billion total addressable market by 2027, up from a forecast of $150 billion in August. Bolstering this view are strong third quarter results, with non-GAAP EPS at 70 cents, surpassing expectations by 2 cents, and $5.8 billion in revenue reflecting solid 4.1% YOY growth. AMD’s prominence in AI signals a bright future for the company and its investors, making it another one of investor’s top picks for best meme stocks for 2024. Meta Platforms (META) Source: Aleem Zahid Khan / Shutterstock.com In 2023, Meta Platforms reinforced its dominance in the social media realm through key AI innovations. Demonstrating its technological prowess, Meta’s AI-driven products, coupled with its collaboration in the AI Alliance with IBM (NYSE:IBM), highlight its leadership in AI development, signifying a strategic shift towards redefining digital interactions. Moreover, Meta’s recent partnership with Amazon (NASDAQ:AMZN) exemplifies its innovative approach. This collaboration aims to streamline the shopping experience by integrating Amazon ads into Meta products, enabling users to shop and checkout directly. This synergy not only enhances user convenience but also promises mutual benefits for both Meta and Amazon. Financially, Meta showcased robust performance, with a GAAP EPS of $4.39, surpassing expectations by 76 cents. Its revenue escalated to $34.15 billion, a 23.2% increase from the previous year, outstripping forecasts by $700 million. This financial success is further complemented by enhanced user engagement on Facebook and Instagram, a testament to the efficacy of Meta’s AI-enhanced feed algorithms. On the date of publication, Muslim Farooque did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 of the Best Meme Stocks to Double Down On in 2024 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-12-12	AMC	For Immediate Release Chicago, IL – December 15, 2023 – Today, Zacks Equity Research discusses Royal Caribbean Cruises Ltd. RCL, Live Nation Entertainment, Inc. LYV and AMC Entertainment Holdings, Inc. AMC. Industry: Leisure & Recreation Services Link: https://www.zacks.com/commentary/2197829/3-stocks-to-watch-from-leisure-recreation-services-industry The Zacks Leisure and Recreation Services industry is benefiting from optimizing business processes, consistent strategic partnerships and digital initiatives. The robust demand for concerts, improving bookings for cruise operators and higher per capita spending at theme parks are supporting the industry. Industry players like Royal Caribbean Cruises Ltd., Live Nation Entertainment, Inc. and AMC Entertainment Holdings, Inc. are likely to gain in their respective fields owing to the factors mentioned above. Industry Description The Zacks Leisure and Recreation Services industry comprises various recreation providers, such as cruise, entertainment and media owners, golf-related leisure and entertainment venue businesses, theme park makers, resort operators and event organizers. Some industry players have ski and sports businesses, while some operate health and wellness centers onboard cruise ships and at destination resorts. Many companies are engaged in hospitality and related businesses. A few of the industry participants also provide weight management products and services. These companies primarily thrive on overall economic growth, which fuels consumer demand for products. Demand, highly dependent on business cycles, is driven by a healthy labor market, rising wages and a growing disposable income. 3 Trends Shaping the Leisure & Recreation Services Industry's Future U.S. Economy Gradually Getting Back on Track: The Federal Reserve decided to keep interest rates unchanged, and Jerome Powell, the head of the U.S. central bank, mentioned that the unprecedented shift toward tighter monetary policy is probably finished. This comes as inflation is decreasing more rapidly than anticipated and the possibility of considering reductions in borrowing costs coming "into view." Robust Demand Aids Cruise Operators: The cruise industry is benefiting from strong demand for cruising and accelerating booking volumes. The industry is benefiting from solid bookings concerning North American and European sailings. Also, strong pricing (on closer-in-demand) and solid onboard spending bode well for the industry. However, the cruise operators' operations are likely to be influenced by the uncertainties related to the Russian invasion of Ukraine. Geopolitical developments have pushed fuel curves higher. Theme Park Operators & Live Entertainment Companies Bouncing Back: The theme park industry has been benefiting from robust demand. Theme park operators have been gaining from improving visitation. Consumer spending at theme parks continues to rise. Live entertainment firms have benefited from pent-up live event demand and robust ticket sales. Zacks Industry Rank Indicates Bright Prospects The Zacks Leisure and Recreation Services industry is grouped within the broader Zacks Consumer Discretionary sector. It carries a Zacks Industry Rank #90, which places it in the top 36% of 251 Zacks industries. The group's Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one. The industry's position in the top 50% of the Zacks-ranked industries results from a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in the group's earnings growth potential. Since Sep 30, 2023, the industry's earnings estimates for 2023 have increased 11.1%. Before we present a few stocks that investors can consider, let's analyze the industry's recent stock-market performance and valuation picture. Industry Underperforms the S&P 500 The Zacks Leisure and Recreation Services industry has underperformed the Zacks S&P 500 composite but has outperformed its sector in the past year. Stocks in the industry have gained 14.9% in the past year compared with the broader sector's increase of 13.5%. The S&P 500 has risen 19.7% in the said time frame. Valuation On the basis of the forward 12-month EV/EBITDA (Enterprise Value/Earnings before Interest Tax Depreciation and Amortization), which is a commonly used multiple for valuing debt-laden leisure service stocks, the industry trades at 54.43X compared with the S&P 500's 19.8X and the sector's 13.09X. In the past five years, the industry has traded as high as 59.36X and as low as 6.20X, with the median being 9.48X. 3 Leisure and Recreation Services Stocks to Keep an Eye On Royal Caribbean Cruises: Based in Miami and incorporated in 1985, Royal Caribbean Cruises is a cruise company. It has been benefiting from solid demand for cruising and acceleration in booking volumes. Also, the emphasis on strong pricing (on closer-in-demand) bodes well. The company stated that the momentum has continued into 2024, with booked load factors and rates surpassing those of all previous years. Given the full fleet resumption and load factors at high prices, it expects customer deposits to return to typical seasonality in the upcoming periods. Shares of this Zacks Rank #1 (Strong Buy) company have surged 120.4% in the past year. In 2023, its sales and earnings are expected to witness growth of 57.7% and 187.9%, respectively, from the prior year's reported levels. You can see the complete list of today's Zacks #1 Rank stocks here. Live Nation Entertainment: The company has been benefiting from pent-up demand for live events, robust ticket sales and the sponsorship and advertising business. Also, the emphasis on new client and venue additions bodes well. Given the strength in consumer demand and confirmed sponsorship activity (fully committed) at more than $1 billion in revenues, the momentum is likely to persist in the upcoming periods. Shares of this Zacks Rank #1 company have gained 25.4% in the past year. For 2023, its sales and earnings are expected to grow 28.6% and 132.8%, respectively, from the prior year's reported levels. AMC Entertainment: AMC Entertainment is benefiting from attendance growth. As the number and quality of movie titles from the company's studio partners are notably increasing, movie theatres are seen captivating audiences and driving attendance back to AMC theatres. Shares of this Zacks Rank #3 (Hold) company have declined 87.8% in the past year. In fiscal 2023, its sales and earnings are expected to witness growth of 23% and 76%, year over year, respectively. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/ Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-12-12	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors know that the current expectations project rate cuts as early as March. The news is a major positive for the economy overall and suggests that we have avoided a recession. It affects stocks, including everything from value to growth to meme stocks. That’s where we’ll be focusing today in this article: meme stocks. Generally speaking, meme stocks are becoming more attractive because they are riskier and growth-oriented. Those kinds of firms tend to do well in lower-rate environments. However, investing is never as simple as that. So, let’s look at seven of the more prominent shares in that conversation. GameStop (GME) Source: shutterstock.com/EchoVisuals I think the outlook for GameStop (NYSE:GME) remains the same whether interest rates are high or low. I don’t think any investors should run the risk inherent in owning GameStop. The company just released earnings, which weren’t good. GameStop’s revenues were worse than expected. However, bullish Investors are taking heart in the company’s announcement that it will alter its investment strategy. The company announced that it will now invest in equities, whereas it had previously directed its cash toward primarily government securities. Investors should ignore this as a purported positive catalyst. Hardware and software sales fell by roughly $30 million during the period. GameStop continues to head in the wrong direction. The only positive for the company really was that its net loss narrowed from $94.7 million to $3.1 million during the period. However, that was only a result of the drastic decline in SG&A expenses. Even with rate cuts that promise to pull everything higher in 2024, GME stock remains one to avoid. AMC (AMC) Source: rblfmr / Shutterstock.com If you mention GameStop and its stock, you must also mention AMC (NYSE:AMC). While some meme investors will continue to remain bullish on AMC, I think it’s also wise to avoid it along with GameStop. Not much has happened since AMC last reported results in early November. Investors who remain curious about AMC should simply look at those earnings results and the company’s decisions immediately after that release. The results themselves were arguably positive. AMC generated a small profit of $12.3 million and an eight-cent EPS. Revenues increased by 45.2%, reaching $1.405 billion. Yet, AMC shares continue to move lower after the earnings report. That’s partially explicable by decisions in the immediate wake of those earnings. AMC announced an additional stock offering that further dilutes current shareholder value. Further, movie attendance is still 16% lower than it was before the pandemic. That strongly suggests that the movie theater experience is not as attractive as it formerly was, which bodes very poorly for AMC. AMD (AMD) Source: JHVEPhoto / Shutterstock.com AMD (NASDAQ:AMD) is going to continue what it does and challenge the competition for artificial intelligence market share. Pundits will continue to argue whether AMD has any realistic chance of catching its main rival, Nvidia. My advice, for what it’s worth, would be to avoid that argument and invest in both. AMD recently announced its Instinct M1 300x accelerators at an event in San Jose. The company states that the new chips surpass Nvidia’s H100 chips in many respects. AMD claims that its chips will exceed application specifications for large language models (LLMs) but at a fraction of the price. So, what should investors take away from the news? The answer is simple: AMD will continue to challenge Nvidia and its dominant position in the generative AI space and AI in general. Yes, Nvidia’s chips and its talent are very likely better overall. That doesn’t mean there isn’t much room for AMD and others to carve out significant, profitable niches within the AI boom. Tesla (TSLA) Source: Khairil Azhar Junos/Shutterstock.com Discussion about Tesla (NASDAQ:TSLA) and its stock is currently being dominated by news regarding the Cybertruck. Deliveries of the much anticipated electric truck have begun in California and Texas. The company announced that deliveries in further states are to follow in 2024. It looks like those deliveries are for the top-of-the-line ‘Cyber Beast’ version. It also appears that those deliveries cost just above $122,000. It was previously expected that the top-of-the-line Cybertruck would cost just under $100k. At the same time, investing in Tesla is really about whether to invest in the company as its profitability decreases. Tesla has slashed the prices on various models throughout 2023. The company is moving toward a model that relies heavily on volume to capture a more significant market share. I don’t think that invalidates Tesla as an investment at all. It remains a straightforward question: are there any better EV stocks? The answer is no. Nvidia (NVDA) Source: Evolf / Shutterstock.com As mentioned in my discussion of AMD, I believe in Nvidia (NASDAQ:NVDA) and its stock. It isn’t a case of choosing A or B about the discussion of AMD and Nvidia. Choose both. Nvidia has skyrocketed in 2023 because it is the leading chip manufacturer concerning the generative AI boom. The company’s H100 and A100 chips have been in high demand because they are the best. AMD’s new chips promise to challenge those chips and their dominance in data center applications. Of course, Nvidia also recently announced its h200 chips, an improvement upon its h100 chips. Those chips are expected to be commercially available sometime in the second quarter of 2024. AMD’s new chip is also expected to be commercially available around the same time. Both companies will continue to compete for market share in the sector. Nvidia h100 chips are in Greater demand, but AMD and its shares have not faltered at the same time. That means that the market understands that AMD is very much a competitor in the space. In other words, invest in both Nvidia and AMD for a chance at continued gains due to generative AI and large language models. WeWork (WEWKQ) Source: bbernard / Shutterstock WeWork (OTCMKTS:WEWKQ) is and was a poorly run company in weak stock that investors should avoid. Sometimes, you have to laugh at the statements that come out of the mouths of the company’s management. The company very recently filed for Chapter 11 bankruptcy and is currently in the process of restructuring. It has failed. It is hardly the time to make bold, arguably arrogant statements regarding its strengths. Yet CEO David Tolley Continues to refer to WeWork as the “leader in flexible work.” WeWork is a leader in the space, but it’s a space that includes very few other firms. The company took on more than 4 billion dollars in debt to develop areas for remote workers for which demand never materialized. Now, the company Is rejecting 60 of those leases to slash its debt by roughly $3 billion. The only thing we work has proven to investors is that it’s phenomenally inept. No one should believe in the company, its leaders, or its forward vision. Peloton (PTON) Source: MIA Studio / Shutterstock.com Peloton (NASDAQ:PTON) continues to deliver losses to investors. The entire purpose of a stock is to increase in value, have growing earnings, and provide value overall to investors. Peloton is not going to do that, which is why investors must avoid it. Investors need to do nothing more than look at the company’s fundamentals to understand why it is a poor investment. The company’s membership numbers continue to decline. The number of Peloton members fell by 1% quarter over quarter. While that isn’t a significant decline and suggests that the membership losses are near zero, it’s still not a reason to invest. Peloton reported a net loss of $159.4 million this quarter. Evidently, the company expanded too fast to take advantage of pandemic shutdowns and doesn’t have a sound business. There’s not much more to say about it Other than to reiterate that investing in PTON shares is a bad idea. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Rate Cut Reactions: 7 Meme Stocks to Buy or Sell Now appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-12-11	AMC	The Zacks Leisure and Recreation Services industry is benefiting from optimizing business processes, consistent strategic partnerships and digital initiatives. The robust demand for concerts, improving bookings for cruise operators and higher per capita spending at theme parks are supporting the industry. Industry players like Royal Caribbean Cruises Ltd. RCL, Live Nation Entertainment, Inc. LYV and AMC Entertainment Holdings, Inc. AMC are likely to gain in their respective fields owing to the factors mentioned above. Industry Description The Zacks Leisure and Recreation Services industry comprises various recreation providers, such as cruise, entertainment and media owners, golf-related leisure and entertainment venue businesses, theme park makers, resort operators and event organizers. Some industry players have ski and sports businesses, while some operate health and wellness centers onboard cruise ships and at destination resorts. Many companies are engaged in hospitality and related businesses. A few of the industry participants also provide weight management products and services. These companies primarily thrive on overall economic growth, which fuels consumer demand for products. Demand, highly dependent on business cycles, is driven by a healthy labor market, rising wages and a growing disposable income. 3 Trends Shaping the Leisure & Recreation Services Industry's Future U.S. Economy Gradually Getting Back on Track: The Federal Reserve decided to keep interest rates unchanged, and Jerome Powell, the head of the U.S. central bank, mentioned that the unprecedented shift toward tighter monetary policy is probably finished. This comes as inflation is decreasing more rapidly than anticipated and the possibility of considering reductions in borrowing costs coming “into view.” Robust Demand Aids Cruise Operators: The cruise industry is benefiting from strong demand for cruising and accelerating booking volumes. The industry is benefiting from solid bookings concerning North American and European sailings. Also, strong pricing (on closer-in-demand) and solid onboard spending bode well for the industry. However, the cruise operators’ operations are likely to be influenced by the uncertainties related to the Russian invasion of Ukraine. Geopolitical developments have pushed fuel curves higher. Theme Park Operators & Live Entertainment Companies Bouncing Back: The theme park industry has been benefiting from robust demand. Theme park operators have been gaining from improving visitation. Consumer spending at theme parks continues to rise. Live entertainment firms have benefited from pent-up live event demand and robust ticket sales. Zacks Industry Rank Indicates Bright Prospects The Zacks Leisure and Recreation Services industry is grouped within the broader Zacks Consumer Discretionary sector. It carries a Zacks Industry Rank #90, which places it in the top 36% of 251 Zacks industries. The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one. The industry’s position in the top 50% of the Zacks-ranked industries results from a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in the group’s earnings growth potential. Since Sep 30, 2023, the industry's earnings estimates for 2023 have increased 11.1%. Before we present a few stocks that investors can consider, let’s analyze the industry’s recent stock-market performance and valuation picture. Industry Underperforms the S&P 500 The Zacks Leisure and Recreation Services industry has underperformed the Zacks S&P 500 composite but has outperformed its sector in the past year. Stocks in the industry have gained 14.9% in the past year compared with the broader sector’s increase of 13.5%. The S&P 500 has risen 19.7% in the said time frame. One-Year Price Performance Valuation On the basis of the forward 12-month EV/EBITDA (Enterprise Value/Earnings before Interest Tax Depreciation and Amortization), which is a commonly used multiple for valuing debt-laden leisure service stocks, the industry trades at 54.43X compared with the S&P 500’s 19.8X and the sector’s 13.09X. In the past five years, the industry has traded as high as 59.36X and as low as 6.20X, with the median being 9.48X, as the charts below show. EV/EBITDA Ratio (F12M) Compared With S&P 3 Leisure and Recreation Services Stocks to Keep an Eye On Royal Caribbean Cruises: Based in Miami and incorporated in 1985, Royal Caribbean Cruises is a cruise company. It has been benefiting from solid demand for cruising and acceleration in booking volumes. Also, the emphasis on strong pricing (on closer-in-demand) bodes well. The company stated that the momentum has continued into 2024, with booked load factors and rates surpassing those of all previous years. Given the full fleet resumption and load factors at high prices, it expects customer deposits to return to typical seasonality in the upcoming periods. Shares of this Zacks Rank #1 (Strong Buy) company have surged 120.4% in the past year. In 2023, its sales and earnings are expected to witness growth of 57.7% and 187.9%, respectively, from the prior year’s reported levels. You can see the complete list of today’s Zacks #1 Rank stocks here. Price and Consensus: RCL Live Nation Entertainment: The company has been benefiting from pent-up demand for live events, robust ticket sales and the sponsorship and advertising business. Also, the emphasis on new client and venue additions bodes well. Given the strength in consumer demand and confirmed sponsorship activity (fully committed) at more than $1 billion in revenues, the momentum is likely to persist in the upcoming periods. Shares of this Zacks Rank #1 company have gained 25.4% in the past year. For 2023, its sales and earnings are expected to grow 28.6% and 132.8%, respectively, from the prior year’s reported levels. Price and Consensus: LYV AMC Entertainment: AMC Entertainment is benefiting from attendance growth. As the number and quality of movie titles from the company’s studio partners are notably increasing, movie theatres are seen captivating audiences and driving attendance back to AMC theatres. Shares of this Zacks Rank #3 (Hold) company have declined 87.8% in the past year. In fiscal 2023, its sales and earnings are expected to witness growth of 23% and 76%, year over year, respectively. Price and Consensus: AMC The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-12-11	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The best credit cards to buy for rewards points. Tips to build passive income by buying vending machines and car washes. Strategies for paying off debt – some more convoluted than others. If you’ve spent long enough scrolling on TikTok, you’ve surely found yourself in the corner of the app known as FinTok, where influencers and scammers alike thrive on sharing financial advice. TikTok has skyrocketed in popularity since its launch in 2016, creating one of the most popular platforms for digital search. One-third of Generation Z even reports “routinely” using TikTok for financial guidance. But anyone can join TikTok and post advice-driven content. This reality has created a similar, skyrocketing trend of users facing material losses after following bad advice or falling for outright scams. The National Legal Center reported an uptick in cases involving TikTok misadventures. That means it’s more important than ever to evaluate both the content and the creator when thinking about acting on FinTok advice. No one knows this more than Erika Kullberg, an attorney and personal finance expert who has 9.3 million followers on TikTok. How to Spot and Avoid TikTok Scams Much of Kullberg’s work centers around making knowledge accessible. After paying off more than $225,000 in student loans in less than 2 years, she turned to social media to start sharing her newfound financial knowledge with others. It may seem absurd to think about taking financial advice from a seemingly random TikTok creator. After all, to legally serve as a financial advisor in the United States, you must take multiple qualifying exams. But on FinTok, anyone can post content where they offer insights and advice on what people should do with their money. And while this video-centric format can be engaging, that doesn’t mean the advice is always good. Popular narratives on FinTok often center around getting rich quickly and making risky bets as a means of doing so. Kullberg advises everyone to steer clear of “anyone saying anything with certainty about the stock market,” such as TikTokers promising high returns or claiming that that an investment will rise by any specific percentage. “The truth is, in the world of investing, the get-rich-quick methods are typically the scams out there,” she told InvestorPlace in an exclusive interview. “The get-rich-slow [strategies] are the only things that actually work.” Step 1: Investigate the Influencer The red flags for investors don’t stop at the advice they are giving when it comes to TikTok scams, though. Kullberg also highlights the importance of looking into someone’s professional history before following theirinvestment advice An important question to consider is how easily the creator’s background can be verified. “I think a big warning sign social media users should look out for when they are unsure if a creator is legitimate is if they hide their background,” Kullberg said. “You should be easily able to confirm their education or professional experience by looking at their LinkedIn profile or some sort of business website. If they don’t seem to exist outside of TikTok, I’d be cautious.” Eric Hazard, CEO of financial communications agency Vested Ventures, stresses the importance of evaluating a TikTok commentator’s financial experience and how easy it is to find. He also highlights the importance of content creators providing disclaimers when discussing investments. A lack of transparency from creators should alert investors to potential scams. “A credible FinTok influencer should base their advice on sound investment principles and data-driven insights rather than speculative or high-risk strategies,” Hazard told InvestorPlace. “They should encourage practices like diversification, long-term investing, and thorough research, which are hallmarks of prudent financial management.” Step 2: Focus on the Long Term… Not Get-Rich-Quick Schemes Regardless of someone’s background, it is crucially important to consider one question; do their strategies center around building wealth quickly or slowly? If they promote any type of get-rich-quick narrative, investors should approach with extreme caution. Kullberg stresses the importance of looking at 10-, 20- and 30-year horizons. “When you’re a long-term investor, that’s what matters, not what happens this month or next month,” she adds. This likely means avoiding plays on meme stocks. These companies might experience a slight burst thanks to social media momentum, but they rarely demonstrate any sustainable growth. Popular examples include GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC), both of which have struggled significantly over the past six months. Social media has provided a convenient venue for meme stock investors to connect and share ideas. But it has also led to a rise in meme stock-related scams. In 2023, multiple social media influencers, including @MrZackMorris, were charged with orchestrating a pump-and-dump scheme that scammed retail investors out of $114 million. This is just one example of why investors should cast an eye toward long-term profits, rather than the short-term gains that meme stock traders often tout. Kullberg further urges investors to avoid making an investment based purely on social media hype. “If someone is telling you to buy a single stock and you buy that stock on the basis of what [you] see on social media, that’s not the right way to do it.” The Bottom Line: Scrolling Safely With social media platforms consistently flooded with investment information, it can be hard to separate dangerous misinformation from TikTok scams. But content consumers have the power to investigate a creator’s background and evaluate who they are. They can also break down someone’s investment strategy and assess what they are basing their investment recommendations on. The best strategies should center around building wealth slowly over time, not turning quick profits, even when many people are pushing the same narrative. There are plenty of red flags that anyone can look for from social media content creators, even if they are new to the world of investing. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Samuel O’Brient has been covering financial markets and analyzing economic policy for three-plus years. His areas of expertise involve electric vehicle (EV) stocks, green energy and NFTs. O’Brient loves helping everyone understand the complexities of economics. He is ranked in the top 15% of stock pickers on TipRanks. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Social Media Star Erika Kullberg Shares How to Avoid TikTok Scams and Get Rich the Right Way appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-12-07	AMC	Below is Validea's guru fundamental report for AMC ENTERTAINMENT HOLDINGS INC (AMC). Of the 22 guru strategies we follow, AMC rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. AMC ENTERTAINMENT HOLDINGS INC (AMC) is a small-cap growth stock in the Motion Pictures industry. The rating using this strategy is 40% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. PRICE/SALES RATIO: PASS TOTAL DEBT/EQUITY RATIO: FAIL PRICE/RESEARCH RATIO: PASS PRICE/SALES RATIO: PASS LONG-TERM EPS GROWTH RATE: FAIL FREE CASH PER SHARE: FAIL THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL Detailed Analysis of AMC ENTERTAINMENT HOLDINGS INC AMC Guru Analysis AMC Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-12-05	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips In one year’s time, the stock of AMC Entertainment (NYSE:AMC), which currently operates 950 movie theatres and is the market leader in the U.S., plunged from nearly $90 a share to $7, losing about 90% of its previous value. What battered AMC’s stock could be distilled into one phrase: Covid-19. Afraid of catching a deadly disease, consumers stopped going out to movie theaters, preferring to stay home and watch via streaming services. In fact, during the height of the pandemic in early 2021, AMC’s CEO Adam Aron was forced to close every AMC theatre, which covered 10,700 screens in 15 countries. Revenue plummeted, and AMC avoided bankruptcy four times by the end of that year. The New York Times in a January 2021 profile said Aron was in such a difficult situation that some in the industry called him a “traitor” and others a “trailblazer.” AMC Stock Emerges From Covid-19 Now that the pandemic has faded, many consumers are returning to see films such as Barbie, Oppenheimer, and Killers of the Flower Moon. Is AMC about to get a boost in its revenue and stock price? Indeed, in its 2022 annual report, to recover its past strength, AMC’s strategy included 1) Expanding its footprint in new areas and closing underperforming theatres, 2) Looking for new opportunities to expand the AMC brand, 3) Exploring attractive acquisitions, 4) Increasing its Stubs loyalty programs, 5) Offering liquor and more meals at its food stands. The company is beginning to show signs of bouncing back. In fact, in the second quarter of 2023, AMC’s total revenue spiked by 15.6% over the past year to $1.35 billion in the second quarter from April to June, beating the $1.29 billion expected by analysts, which included a 12% spurt in attendance. But James Goss, a senior research analyst at Barrington Research in Chicago, isn’t sure that AMC’s stock price is about to revive. He lists AMC as “market perform” and doesn’t recommend investors buy shares. Goss praised Aron for doing a relatively good job of helping to turnaround AMC. “Issues have less to do with its current success at the box office and more to do with its financial condition,” Goss cited. In fact, many individual investors have supported Aron’s efforts despite the stock dips over the last year. The Bottom Line What’s weighing AMC stock down is “its significant amount of debt rather than how it’s doing at the box office,” Goss said. He pointed out that the “leveraged interest expenses significantly eat up most of what they take in.” Moreover, the writers’ and actors’ strikes will also slow down new movies coming to screens. Goss acknowledged that “operationally [AMC] has significant pluses” with its many screens and IMAX theatres. But despite its low stock price, compared to its heights a year ago, Goss is not recommending the stock. On the date of publication, Gary Stern did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Gary Stern is a freelance financial writer and the co-author of From Scrappy to Self-Made: What Entrepreneurs Can Learn from an Ethiopian Refugee About Turning Roadblocks into an Empire (published by McGraw Hill, 2023). More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMC Stock Is Down 90% But This Analyst Still Says It’s Not a ‘Buy’ appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-12-04	AMC	If I could only use one word to describe the cryptocurrency market, it would be "volatile." Most investors already know this. But some individual cryptos have been on wilder rides than others. Look at Shiba Inu (CRYPTO: SHIB). Its price climbed to astronomical levels in 2021, only to come crashing back down. It's currently 91% below its peak price. Nonetheless, this has still been a very successful investment. If you were bold enough to invest $10,000 in Shiba Inu around the time of its launch in August 2020, you'd be sitting on more than $1 billion right now. This translates to a remarkable 10,200,000% rate of return. The Nasdaq Composite index has risen by 22% during the same period. Let's unpack this meme token's history, then figure out if it's a good idea to invest today. Hype and speculation Shiba Inu's public launch couldn't have been better timed. The pandemic recovery in markets had begun, and traders and investors had the cash and the time to bet on various assets. But things really took off the following year. In 2021, a top story in the stock market was the rise of meme stocks, like AMC Entertainment and GameStop. This investor enthusiasm spilled over into the crypto world. And more specifically, it catapulted Shiba Inu that year. With 589 trillion tokens currently in circulation and no adoption in terms of real-world utility, this digital asset's price now reflects nothing more than the amount of support it receives from its avid community of followers. Even more alarming, while the overall cryptocurrency market has rallied in 2023, Shiba Inu's price has remained little changed. Interest is waning. Fundamentals matter To say that the past year-and-a-half or so has been a wake-up call for the cryptocurrency industry would probably be an understatement. Numerous companies in the industry failed, with high-profile figures facing criminal charges and fines. Trust is scarce. Add to this shakeout tighter macro conditions, the result of higher interest rates, and it's not hard to believe that investors might be more risk-averse these days. Putting money into meme tokens purely for speculative reasons to ride the hype wave can no longer be viewed as a sound investment strategy. So how do things change for investors? I believe that fundamentals will matter most in the years ahead. In Shiba Inu's case, investors need to start asking what value this blockchain network actually provides or what problem it solves. I think these answers are hard to come by. To frame things another way, imagine if Shiba Inu vanished. I suspect that this would cause no harm to the daily lives of most people. You can say the same thing about the vast majority of cryptocurrencies out there. Some crypto bulls might quickly point to the promise of decentralized applications for finance or gaming protocols, and even non-fungible tokens. But Shiba Inu doesn't hold a candle to a network like Ethereum, which is the dominant blockchain that utilizes smart contracts. According to a report from Electric Capital, a venture investment firm, Shiba Inu doesn't even crack the list of top 100 blockchains when it comes to developer activity. How does the network plan to introduce new updates and test new features, which are essential to drawing in more users, if it can't even attract developers? Viewing Shiba Inu through a fundamentals-based approach, the best thing to do is avoid this token. Its past returns were impressive, but the future doesn't look promising. 10 stocks we like better than Shiba Inu When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Shiba Inu wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 29, 2023 Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ethereum. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-30	AMC	Markets have been on a rally in November as inflation continues to show signs of cooling, raising hopes that the Federal Reserve may be done with its interest rate hikes. The upbeat sentiment among investors is evident from the jump in consumer confidence in November, following a three-month decline. The Conference Board said on Nov 28 that Consumer Confidence came in at 102 in November, surpassing estimates of a rise to 101 and well above October’s downwardly revised reading of 99.1. More importantly, consumers' expectations or the Expectations Index, which measures the outlook for business, income and labor market conditions over the next six months, jumped to 77.8 in November from 72.7 in October. Any reading below 80 on the Expectations Index has historically signaled an impending recession within the following year. However, despite this, the month-over-month increase in percentage terms was noteworthy. The central bank has hiked interest rates by 525 basis points over the past 18 months but left its benchmark policy rate unaltered in its past two FOMC meetings. Cooling inflation has raised hopes that the Federal Reserve may not hike interest rates further in its December policy meeting. Investors are now expecting a 97% chance that the Fed will keep its benchmark policy rate unchanged in its current range of 5.25-5.5%, according to the CME FedWatch tool. This has seen the market rallying throughout November. The Dow, the S&P 500 and the Nasdaq are on track to finish this month up nearly 7.2%, 8.6% and 11.1%, respectively. Our Choices Given the upbeat mood and soaring consumer confidence, investors should place their bet on five consumer discretionary stocks likeAMC Entertainment Holdings, Inc. AMC, NIKE, Inc. NKE, Royal Caribbean Cruises Ltd. RCL, Comcast Corporation CMCSA and Live Nation Entertainment, Inc. LYV. Each of these stocks carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. AMC Entertainment Holdings, Inc. operates as a theatrical exhibition company primarily in the United States and internationally. AMC owns or has interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, KS. AMC Entertainment’s expected earnings growth rate for the current year is 75.2%. The Zacks Consensus Estimate for current-year earnings has improved 24.5% over the past 60 days. AMC presently carries a Zacks Rank #2. NIKE, Inc. is engaged in the business of designing, developing and marketing of athletic footwear, apparel, equipment and accessories, and services for men, women and children worldwide. With the help of a strong brand portfolio, including Nike Pro, Nike Golf, Nike+ and Air Jordan, NKE offers premium, well-designed and high-quality products in line with the latest customer trends. Nike’s expected earnings growth rate for the current year is 15.8%. The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the past 60 days. NKE currently has a Zacks Rank #2. Royal Caribbean Cruises Ltd. owns and operates three global brands — Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Additionally, RCL has a 50% investment in a joint venture with TUI AG, which operates the brand TUI Cruises. Royal Caribbean Cruises' brands primarily serve the contemporary, premium and deluxe segments of the cruise vacation industry, which also includes the budget and luxury segments. Royal Caribbean Cruises' expected earnings growth rate for the current year is 187.9%. The Zacks Consensus Estimate for current-year earnings has improved 7.3% over the past 90 days. RCL currently has a Zacks Rank #2. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal and Sky. Beginning first-quarter 2023, CMCSA changed its presentation of segment operating results around its two primary businesses, Connectivity & Platforms, and Content & Experiences. Comcast Corporation’s expected earnings growth rate for the current year is 8%. The Zacks Consensus Estimate for current-year earnings has improved 3.1% over the past 60 days. CMCSA presently carries a Zacks Rank #2. Live Nation Entertainment, Inc. operates as a live entertainment company. LYV operates through the Concerts, Ticketing, and Sponsorship and Advertising segments. Live Nation Entertainment has more than 580 million fans across all of its concerts and ticketing platforms in 46 countries. Live Nation Entertainment’s expected earnings growth rate for the current year is 132.8%. The Zacks Consensus Estimate for current-year earnings has improved 47.5% over the past 60 days. LYV presently has a Zacks Rank #2. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-29	AMC	By Medha Singh Nov 29 (Reuters) - GameStop GME.N shares looked set to extend their rally on Wednesday, after jumping 13% in premarket trading, suggesting a broader recovery in the market was spurring appetite for speculative bets among retail traders. The videogame retailer's shares were last trading at $15.30 and were among the most actively traded on the New York Stock Exchange at 8:54 a.m. ET. Individual investors purchased $1.92 million worth of GameStop shares on a net basis on Tuesday, their highest since Aug. 6, data from Vanda Research showed. The optimism in the market is attracting retail traders, indicating the market rally is overstretched, said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. AMC Entertainment AMC.N, another favorite among retail traders, rose nearly 3.6% to $6.94 on Wednesday. The recovery in meme stocks comes as the S&P 500 .SPX closes in on its highest level for 2023 on hopes U.S. interest rates have peaked, breathing some life into speculative trading that has struggled this year. Both, GameStop and AMC were among the most discussed by traders on social media site stocktiwts.com on Wednesday. The sudden interest in GameStop comes ahead of its third-quarter results on Dec. 6. Analysts expect its net loss to narrow to $25.6 million from $93.4 million a year earlier. "Some short sellers may be concerned both by this price move but also that GameStop will release better-than-expected earnings next week," said Peter Hillerberg, co-founder of Ortex. About 21.6% of GameStop's publicly available shares are shorted, according to data and analytics firm Ortex. Shares of GameStop are down 27% in 2023 up to Tuesday's close, while those of AMC have shed 80% of their value. (Reporting by Medha Singh in Bengaluru; Editing by Krishna Chandra Eluri and Anil D'Silva) ((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; X, formerly Twitter: @medhasinghs;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-29	AMC	Nov 29 (Reuters) - Shares of retail traders' darling GameStop GME.N jumped 12.5% in strong premarket trading volume on Wednesday, looking to build on a rally from the previous session as a broader recovery in markets spurred appetite for speculative bets. The videogame retailer's shares were last at $15.12, the third most actively traded stock on the New York Stock Exchange at 5:50 a.m. ET. On Tuesday, GameStop shares had their biggest one-day percentage gain in eight months on no clear news catalyst. AMC Entertainment AMC.N, another favorite among retail traders, rose nearly 4% to $6.95. Both GameStop and AMC were among the most discussed by traders on social media site stocktiwts.com on Wednesday. The recovery in meme stocks comes as the S&P 500 .SPX closes in on its highest level of 2023 on hopes U.S. interest rates have peaked, breathing some life into speculative trading that has struggled this year. "The market optimism now vacuum retail traders in – and it's the ultimate signal that the (market) rally is overstretched," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. GameStop shares have slumped 27% in 2023 up to Tuesday's close, while AMC had wiped out 80% of its value. On the options side, open interest put-to-call ratio in GameStop stood at 0.45, indicating traders' bullish positioning. The videogame retailer is expected to report third-quarter results next week on Dec. 6. (Reporting by Medha Singh in Bengaluru; Editing by Krishna Chandra Eluri) ((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; X, formerly Twitter: @medhasinghs;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-29	AMC	For Immediate Release Chicago, IL – November 29, 2023 – Stocks in this week’s article are AMC Entertainment AMC, DocuSign DOCU, Vivid Seats SEAT, Lamb Weston LW and Fiverr International FVRR. Why You Should Bet on These 5 Stocks with Rising P/E Investors often opt for the stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for growth. But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of AMC Entertainment, DocuSign, Vivid Seats, Lamb Weston and Fiverr International. Rising P/E: A Useful Tool The concept is that as earnings rise, so should the price of the stock. As forecasts for expected earnings come in higher, strong demand for the stock should continue to push up its prices. After all, a stock's P/E gives an indication of how much investors are ready to shell out per dollar of earnings. Suppose an investor wants to buy a stock with a P/E ratio of 30. This means that he is willing to shell out $30 for only $1 worth of earnings as he expects earnings of the company to rise at a faster pace in the future owing to strong fundamentals. So, if the P/E of a stock is rising steadily, it means that investors are assured of its inherent strength and expect some strong positives out of it. Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains. Here are five out of the 76 stocks: AMC Entertainment: The Zacks Rank #2 operates as a theatrical exhibition company primarily in the United States and internationally. You can see the complete list of today’s Zacks #1 Rank stocks here. The average earnings surprise of AMC for the past four quarters is 52.97%. DocuSign: The Zacks Rank #2 company is a global provider of cloud-based software. The company’s DocuSign Agreement Cloud is a cloud software suite that automates and connects the entire agreement process. The average earnings surprise of DOCU for the past four quarters is 27.1%. Vivid Seats: Vivid Seats Inc. provides a marketplace, which utilizes its technology platform to connect buyers with ticket sellers. Vivid Seats Inc., formerly known as Horizon Acquisition Corporation, is based in Chicago. The average earnings surprise of SEAT for the past four quarters is 114.58%. Lamb Weston: This Zacks Rank #1 company is a leading global manufacturer, marketer and distributor of value-added frozen potato products, particularly French fries, and also provides a range of appetizers. The average earnings surprise of LW for the past four quarters is 46.16%. Fiverr International: This Zacks Rank #2 company provides an online marketplace for selling goods and services. The average earnings surprise of FVRR for the past four quarters is 24.98%. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2190129/why-you-should-bet-on-5-top-ranked-stocks-with-rising-pe Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Why Haven’t You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Follow us on Twitter: https://www.twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: pr@zacks.com Visit: https://www.zacks.com/ Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows. It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Lamb Weston (LW) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report Fiverr International (FVRR) : Free Stock Analysis Report Vivid Seats Inc. (SEAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-28	AMC	Investors often opt for the stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for growth. But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of AMC Entertainment AMC, DocuSign DOCU, Vivid Seats SEAT, Lamb Weston LW and Fiverr International FVRR. Rising P/E: A Useful Tool The concept is that as earnings rise, so should the price of the stock. As forecasts for expected earnings come in higher, strong demand for the stock should continue to push up its prices. After all, astock's P/E gives an indication of how much investors are ready to shell out per dollar of earnings. Suppose an investor wants to buy a stock with a P/E ratio of 30. This means that he is willing to shell out $30 for only $1 worth of earnings as he expects earnings of the company to rise at a faster pace in the future owing to strong fundamentals. So, if the P/E of a stock is rising steadily, it means that investors are assured of its inherent strength and expect some strong positives out of it. Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains. The Winning Strategy In order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters. EPS growth estimate for the current year is greater than or equal to last year’s actual growth Percentage change in last year EPS should be greater than or equal zero (These two criteria point to flat earnings or a growth trend over the years.) Percentage change in price over four weeks greater than the percentage change in price over 12 weeks Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks (These two criteria show that price of the stock is increasing consistently over the said timeframes.) Percentage price change for four weeks relative to the S&P 500 greater than the percentage price change for 12 weeks relative to the S&P 500 Percentage price change for 12 weeks relative to the S&P 500 greater than the percentage price change for 24 weeks relative to the S&P 500 (Here, the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500.) Percentage price change for 12 weeks is 20% higher than or equal to the percentage price change for 24 weeks, but it should not exceed 100% (A 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and that the stock might be due for a reversal.) In addition, we place a few other criteria that lead us to some likely outperformers. Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) can get through. Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity. Just these few criteria narrowed down the universe from over 7,700 stocks to just 76. Here are five out of the 76 stocks: AMC Entertainment: The Zacks Rank #2 operates as a theatrical exhibition company primarily in the United States and internationally. You can see the complete list of today’s Zacks #1 Rank stocks here. The average earnings surprise of AMC for the past four quarters is 52.97%. DocuSign: The Zacks Rank #2 company is a global provider of cloud-based software. The company’s DocuSign Agreement Cloud is a cloud software suite that automates and connects the entire agreement process. The average earnings surprise of DOCU for the past four quarters is 27.1%. Vivid Seats: Vivid Seats Inc. provides a marketplace, which utilizes its technology platform to connect buyers with ticket sellers. Vivid Seats Inc., formerly known as Horizon Acquisition Corporation, is based in Chicago. The average earnings surprise of SEAT for the past four quarters is 114.58%. Lamb Weston:This Zacks Rank #1 company is a leading global manufacturer, marketer and distributor of value-added frozen potato products, particularly French fries, and also provides a range of appetizers. The average earnings surprise of LW for the past four quarters is 46.16%. Fiverr International: This Zacks Rank #2 company provides an online marketplace for selling goods and services. The average earnings surprise of FVRR for the past four quarters is 24.98%. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.0% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Lamb Weston (LW) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report Fiverr International (FVRR) : Free Stock Analysis Report Vivid Seats Inc. (SEAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-27	AMC	The NASDAQ 100 Pre-Market Indicator is down -1.75 to 15,980.26. The total Pre-Market volume is currently 35,123,563 shares traded. The following are the most active stocks for the pre-market session: Captivision Inc. (CAPT) is +0.28 at $2.62, with 3,219,781 shares traded., following a 52-week high recorded in prior regular session. ProShares UltraPro Short QQQ (SQQQ) is -0.01 at $15.89, with 2,179,533 shares traded. This represents a 2.98% increase from its 52 Week Low. Tesla, Inc. (TSLA) is +2 at $237.45, with 1,154,969 shares traded. TSLA's current last sale is 94.98% of the target price of $250. ProShares UltraPro QQQ (TQQQ) is unchanged at $44.18, with 1,000,689 shares traded. This represents a 174.41% increase from its 52 Week Low. Amazon.com, Inc. (AMZN) is +1.64 at $148.38, with 623,416 shares traded. Over the last four weeks they have had 13 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range". Direxion Daily TSLA Bull 1.5X Shares (TSLL) is +0.17 at $13.92, with 619,615 shares traded. This represents a 200% increase from its 52 Week Low. Palantir Technologies Inc. (PLTR) is -0.02 at $19.18, with 480,284 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2024. The consensus EPS forecast is $0.04. PLTR's current last sale is 119.88% of the target price of $16. AMTD Digital Inc. (HKD) is +0.12 at $5.04, with 429,587 shares traded. NIO Inc. (NIO) is -0.04 at $7.36, with 341,096 shares traded. NIO's current last sale is 62.64% of the target price of $11.75. Perfect Corp. (PERF) is +0.31 at $2.81, with 256,600 shares traded. PERF's current last sale is 74.93% of the target price of $3.75. AMC Entertainment Holdings, Inc. (AMC) is +0.02 at $6.92, with 240,289 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $-0.81. AMC's current last sale is 76.89% of the target price of $9. Teva Pharmaceutical Industries Limited (TEVA) is +0.25 at $9.80, with 230,810 shares traded. TEVA's current last sale is 98% of the target price of $10. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-22	AMC	It's hard to believe that 2023 is almost over. As the end of the year approaches, I would not be surprised if some investors begin to trim some gains and reallocate capital. While financial journals all over the world can't seem to write enough about artificial intelligence (AI), it's important to remember that there are many ways to capitalize on markets. One of the best ways to build wealth is by investing in dividend stocks. However, given the macroeconomic picture remains a bit cloudy, some investors may be wary of investing in companies that might cut its dividend to preserve capital. As I've written previously, one of the best and safest ways to invest in dividend stocks is to look at business development companies (BDCs) or real estate investment trusts (REIT). One of the steadiest REITs out there today is Realty Income (NYSE: O). While Realty Income certainly faces a number of macro headwinds, I believe now is an incredible time to buy the dip as the stock hovers around three-year lows. Let's dig into the big picture and assess what is going on in the real estate market, how it's affecting Realty Income, and why now could be a lucrative time to scoop up shares at a bargain price and a yield of almost 6%. How is the real estate market right now? The Federal Reserve has been fighting a battle against lingering inflation since early 2022. Although indications suggest that inflation is beginning to cool down, the current rate of 3.2% remains higher than the Fed's long-term goal of 2%. One of the ways that the Fed is combating inflation is by raising interest rates. In theory, by raising the cost of borrowing money, consumer spending will slow. Realty Income is primarily known as a retail REIT. The company's clients include brick-and-mortar stores such as Dollar General, Walgreens, FedEx, Walmart, and AMC. Remember, inflation impacts a consumer's ability to purchase goods and services. For this reason, many retail outlets have taken a major hit as people scale back on discretionary spending. This is why Realty Income's is at risk. If its tenants struggle to entice consumers, then it makes generating revenue and profit much more difficult. Subsequently, these properties could struggle to make rent payments to Realty Income. Since inflation remains above the Fed's long-term target and consumer purchasing power remains depressed, is it time to worry about Realty Income? Image source: Getty Images. Should you invest in Realty Income stock? Something that I often encourage investors to do is zoom out and look at the bigger picture. Realty Income has been around for more than 50 years. During that time, the company has faced a number of challenges ranging from intensifying competition to economic recession. And yet, throughout this time, the company has not only survived but thrived. Here are some things to consider. First and foremost, some economists are calling for an economic slowdown sometime in 2024. Whether this becomes a full-blown recession is tough to predict. Nonetheless, a contrarian might suggest that Realty Income is in a position to benefit from an economic slowdown. The reason is that during tougher economic periods, consumers tend to turn to cost-conscious retail options. Given that some of Realty Income's tenants include Dollar General, Dollar Tree, Hobby Lobby, Walmart, and BJ's Wholesale, it's possible that consumers will resort to these options over other stores or e-commerce during an economic pullback. Another under-the-radar opportunity that I do not think is baked into Realty Income's growth prospects is its proposed acquisition of Spirit Realty. While the obvious benefit of an acquisition is increasing revenue and profits by broadening your customer base, this deal comes at an interesting time. Given the unique structure of REITs, one of the most important metrics for investors to consider is funds from operations (FFO). FFO is similar to earnings per share (EPS) but is specifically used for gauging the performance among REITs. The chart below illustrates that over the last decade, Realty Income has done a great job increasing FFO per share. Data source: YCharts. Given its ability to increase FFO, Realty Income has been able to reward its long-term investors in the form of a monthly dividend. Furthermore, the chart below showcases Realty Income's consistent dividend increases for nearly three decades. This hits on my prior point that over the last 30 years, Realty Income has been able to navigate around challenging economic periods and still reward its investors. Data source: YCharts. But the bigger point is that with the stock near three-year lows, markets may not be pricing in the accretive nature of the Spirit Realty acquisition. Per Realty Income's deal rationale, management believes that the company should be able to generate $50 million in annual synergies from the acquisition and is forecasting a 2.5% accretion per share. The prospects of the Spirit Realty deal, combined with Realty Income's long and proven track record during times of economic cloudiness, make the stock a compelling buy at current trading levels. For investors looking to supplement their portfolio with passive income, now could be a really interesting time to open a position in Realty Income. 10 stocks we like better than Realty Income When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Realty Income wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2023 Adam Spatacco has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends FedEx, Realty Income, and Walmart. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-21	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMC Entertainment (NYSE:AMC) stock trounced Wall Street’s expectations in the third quarter. Moviegoers hit the theaters in droves as Barbie and Oppenheimer wowed audiences. AMC attendance was up 38% from the year-ago period pushing revenue to $1.4 billion. That was 45% above last year and nearly 12% better than Wall Street’s expectation of $1.3 billion. Even better for AMC was the $0.08 per share profit it turned in versus the $2.20 per share loss in 2022. It was also far superior to the $0.18 per share loss analysts expected. Yet AMC’s stock is actually down over 20% from where it closed before the theater chain released its results. You should be just as unimpressed with it as the market is. “Netflix and chill” Still a Threat Despite the dual success of “Barbenheimer,” there were few other blockbusters on the big screen this year. Year-to-date box office receipts of $7.8 billion are running almost 6% above last year, but that’s still 31% less than pre-pandemic levels. Consumers have far more choices for entertainment available to them today. Streaming is one such avenue that is cutting into theater attendance. Despite being a day-and-date release on the Peacock streaming service, Five Nights at Freddy’s has become a breakout hit. Yet it is the exception rather than the rule. Barbie earned $1.4 billion at the global box office, a nice return on a $145 million production budget. Oppenheimer made almost $1 billion on a $100 million budget. The Super Mario Bros movie, released in April, is the only other movie to have earned over $1 billion this year. AMC also needs to contend with superhero fatigue. Disney‘s (NYSE:DIS) Marvel Cinematic Universe has lost all momentum. The Marvels just opened to the worst first-weekend box office of any film in the MCU history with $46 million. With average movie ticket prices today at $10.53, or 15% more than when Captain Marvel debuted in 2019, the actual number of people going to see the film is far less than what that figure indicates. Drowning in AMC Stock AMC also continues to do shareholders dirty. It plans to do another stock offering that will further dilute existing shareholders. The real reason for AMC’s stocks plummeting after reporting earnings is evident. Shareholders are tired of being the ones left holding the bag. The theater operator will be doing a $350 million share offering. It’s the second one in just three months. In September it raised $325 million through the sale of 40 million shares. And that was right after AMC converted its AMC Preferred Equity shares, called APE, which were exchanged on a 1-for-7.5 share basis. AMC had completed a reverse 1-for-10 split of the stock in August. The APEs were delisted from the NYSE. The APE stock had been a previous hoodwink of shareholders that allowed AMC to raise cash without getting shareholder approval. They were never a good deal despite shareholder enthusiasm, but now AMC’s stock is worth even less. The theater chain keeps raising cash because of its heavy burden of debt. It has some $5.1 billion in long-term obligations and says the proceeds will go to retire some of it. The stock is down 77% year to date, almost 90% over the past 12 months, and almost 99% below its meme stock peak. There’s no reason any investor should consider AMC Entertainment an investment-worthy stock. On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMC Stock Loses Even When It Wins appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-21	AMC	A downtrend has been apparent in AMC Entertainment (AMC) lately with too much selling pressure. The stock has declined 21.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound. However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. Why a Trend Reversal is Due for AMC The heavy selling of AMC shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 29.9. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand. The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for AMC has increased 7.9%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, AMC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-21	AMC	The U.S. consumer discretionary sector has been currently experiencing possibilities of perils. Over the last 30 days, the sector behemoth Consumer Discretionary Select Sector SPDR ETF XLY added 5.5%, while the past year has seen a more positive trend, with the fund gaining about 17%. This overall uptrend is reflected in the year-to-date figure, too, which stands at 29%. Although higher unemployment, eroding consumer savings and pressure on home prices are likely to weigh on consumer spending growth, a few favorable factors have lately shown light at the end of the tunnel. Against this backdrop, below we highlight a few reasons that may boost these consumer discretionary stocks ahead. The winning stocks include: AMC Entertainment AMC, Royal Caribbean Cruises RCL, DraftKings DKNG, fuboTV FUBO and The Honest Company HNST. Falling Inflation The Consumer Price Index (CPI) showed that prices remained unchanged over the last month and grew 3.2% from the prior year in October, marking a deceleration from September's 0.4% monthly increase and 3.7% annual gain in prices. Core inflation marked its slowest pace in over two years. Economists' expectations fell short of the actual data, as they had predicted a 0.1% month-over-month increase and a 3.3% year-over-year increase in prices. Core prices were also anticipated to rise by 0.3% from the prior month and 4.1% from the previous year. A Less-Hawkish Fed Cooling inflation triggered the possibility of a less hawkish Fed going forward. Following the release of this data, market indicators showed a nearly 95% probability that the Federal Reserve would keep interest rates unchanged in December, as reflected in data from the CME Group. U.S. benchmark treasury yield slumped to 4.45% on Nov 16, 2023, from 4.63% recorded on Nov 13, while the two-year Treasury notes yielded 4.83% on Nov 16, 2023, down from 5.02% recorded on Nov 13. Holiday Season Sales The National Retail Federation (NRF) stated that consumers are estimated to shell out between $957.3 billion to $966.6 billion during November and December. Thus, spending will increase between 3% and 4% over the same period last year. The growth may be slightly lower compared to recent years, but it’s still in line with the growth rate from 2010 to 2019, when the average annual holiday outlays jumped 3.6%. Decent Earnings The consumer discretionary sector is expected to record 26.3% earnings growth in the third quarter, while earnings growth for the final quarter of 2023 is likely to be 18.1%. For the first and second quarters of 2024, the earnings growth is expected to be 14.1% and 14.7%, respectively, per the Earnings Trends issued on Nov 15, 2023. The revenue growth for Q3 is expected to be 8.3%. For Q4 of 2023, Q1 of 2024 and Q2 of 2024, revenue growth will likely be 3.7%, 3.5% and 3.6%, respectively. Top Picks Against this backdrop, below we highlight a few consumer discretionary stocks that have an upbeat (Value-Growth-Momentum) scoreof “B” and a Zacks Rank #2 (Buy) and Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for their earnings in the upcoming fiscal year has grown by at least 5% in the past month.You can see the complete list of today’s Zacks #1 Rank stocks here. AMC Entertainment AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. Zacks Rank: #2 Percentage change F1 Zacks Consensus Earnings Estimate (4 weeks): 29.83% Royal Caribbean Cruises Royal Caribbean Cruises is a cruise company. It owns and operates three global brands — Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Zacks Rank: #1 Percentage change F1 Zacks Consensus Earnings Estimate (4 weeks): 7.76% DraftKings DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Zacks Rank: #2 Percentage change F1 Zacks Consensus Earnings Estimate (4 weeks): 34.81% fuboTV FuboTV offers sports first live TV streaming platform as well as news and entertainment content. Zacks Rank: #2 Percentage change F1 Zacks Consensus Earnings Estimate (4 weeks): 8.33% The Honest Company The Honest Company is a digitally-native, mission-driven brand focused on leading the clean lifestyle movement, creating a community for conscious consumers and seeking to disrupt multiple consumer product categories. Zacks Rank: #2 Percentage change F1 Zacks Consensus Earnings Estimate (4 weeks): 27.27% Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Consumer Discretionary Select Sector SPDR ETF (XLY): ETF Research Reports DraftKings Inc. (DKNG) : Free Stock Analysis Report fuboTV Inc. (FUBO) : Free Stock Analysis Report The Honest Company, Inc. (HNST) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-15	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips While AMC Entertainment (NYSE:AMC) stock was once the epitome of a strong entertainment stock thanks to “meme mania,” lately it has lost its appeal for investors. Looking ahead to 2024, you may be looking at alternative options for entertainment stocks. Like most stocks, it’s important to consider those representing companies with sound fundamentals and robust growth outlooks. In particular, content-focused entertainment stocks present an attractive risk/reward profile. They’ve suffered low valuations due to concerns about “cord cutting” and the decline of linear television. As a result, even a modest improvement in operating results could drive them to higher prices. Let’s take a look together at three options that make my list of best entertainment stocks. Disney (DIS) Source: nikkimeel / Shutterstock.com Disney’s (NYSE:DIS) stock, now at $80, faced a 24% drop in the last 12 months and a 30% decline in five years. The legendary company may hold iconic properties including Star Wars and Marvel, but their share price has stagnated for nearly a decade. Notably, DIS stock plummeted 60% from its 2021 peak. CEO Bob Iger’s efforts to revive Disney through cost-cutting and layoffs haven’t fully addressed challenges like selling legacy TV stations, determining Hulu’s ownership with Comcast, and dealing with a global Hollywood strike. All its challenges considered, Disney displayed positive signals. The company reported robust profit growth in Q4 with net income surging 63% to $264 million and revenue rising 5% to $21.24 billion. Additionally, Disney+ leverages Disney’s rich intellectual property, providing subscribers with a diverse content library including fan favorites from timeless animated classics to Pixar films, Marvel sagas, and Star Wars narratives. Disney’s adeptness in transitioning from traditional TV to streaming is evident in the success of Disney+. The company’s strategic emphasis on direct-to-consumer (DTC) services aims for profitability in this segment by the end of fiscal 2024 and positions Disney for sustained growth in the digital entertainment realm. Take-Two Interactive (TTWO) Source: Sergei Elagin / Shutterstock.com Despite a significant run this year, Take-Two Interactive (NASDAQ:TTWO) stock only rose 8% since 2018 and remains 30% below its 2022 peak. Known for major franchises like Grand Theft Auto and Red Dead Redemption, Take-Two Interactive faced challenges from the broader tech downturn in 2022 and costly acquisitions. This included the $12.7 billion Zynga takeover, which led to a $1.2 billion net loss in 2022. Despite these setbacks, analysts predict a 10% potential increase in TTWO stock, indicating potential improvement in its financial outlook. Rockstar Games president, Sam Houser, announced on X that the first trailer for the next Grand Theft Auto (GTA VI) would release in early December, coinciding with the studio’s 25th anniversary. Take-Two suggested a potential 2024 launch, aiming for significant success in fiscal 2025. Anticipated before launch, analysts predicted over $1 billion with 25 million copies sold initially. CEO Strauss Zelnick aims for $8 billion in net bookings and $1 billion in operating cash flow by fiscal 2025. Recently, JP Morgan increased its target to $165, citing robust and stronger fiscal 2025 guidance. Netflix (NFLX) Source: izzuanroslan / Shutterstock.com Netflix (NASDAQ:NFLX) shone in its recent earnings report, surpassing 15 million subscribers for its ad-supported tier. With over 9 million new subscribers, the streaming giant embraces ad-supported revenue, anticipating premium subscribers to transition, providing stable revenue for content development costs. Utilizing artificial intelligence (AI) and machine learning, Netflix analyzes extensive viewer data, providing personalized recommendations based on the preferences of over 247 million subscribers. This dynamic approach ensures real-time, diverse top 10 lists and optimizes thumbnail selections, enhancing user engagement. In a new move, Netflix plans to reward “binge watchers” on the ad-supported plan by reducing the number of ads shown. Users watching three consecutive episodes with ads will be granted one ad-free episode. Notably, NFLX stock experienced a pullback since mid-summer but still rose 39% for the year. Despite the correction, the recent bounce after the company’s earnings suggests a potential opportunity, making it an appealing choice for investors seeking holiday cheer. On the date of publication, Chris MacDonald has a LONG position in DIS. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Prime Time Picks: 3 Entertainment Stocks to Bet On Instead of AMC appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-15	AMC	Irrespective of the market conditions, investors strive to design a portfolio of stocks that will fetch them handsome returns. No one wants to see their hard-earned money go down the drain as a result of wrong investment decisions. However, the task is easier said than done because selecting the right stocks out of a huge number of stocks in the market at any point in time is by no means an easy task. The current uncertain scenario makes the job even tougher. In the absence of proper guidance, identifying a winning stock is akin to searching for “a needle in a haystack” for an investor. The proper guidance, in this respect, comes from brokers, who are deemed to be experts equipped with vast knowledge and know-how as far as the field of investing is concerned. Therefore, we believe that broker-loved stocks like The Greenbrier Companies GBX, AMC Entertainment (AMC), The Gap GPS, Avnet AVT and Group 1 Automotive GPI should be on an investor’s radar for healthy returns. Brokers go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Since brokers follow the stocks in their coverage in great detail, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. Estimate revisions serve as an important pointer regarding the price of a stock. To take care of the earnings performance, we have designed a screen based on improving analyst recommendations and upward estimate revisions over the last four weeks. Top-Line Performance is Important Too According to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance, especially in an environment of revenue weakness due to macroeconomic headwinds. Therefore, one must take the top-line performance into consideration as well while formulating a winning strategy. We have included in our screen the price/sales ratio, which serves as a strong complementary valuation metric. Screening Criteria # (Up- Down Rating)/ Total (4 weeks) =Top #75: This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks. % change in Q (1) est. (4 weeks) = Top #10: This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter. To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters: Price-to-Sales = Bot%10: The lower the ratio, the better, companies meeting this criteria are in the bottom 10% of our universe of over 7,700 stocks with respect to this ratio. Price greater than 5: A stock trading below $5 will not likely create significant interest for most investors. Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded. Market value ($ mil) = Top #3000: This gives us stocks that are in the top 3000 if one judges by market capitalization. Com/ADR/Canadian= Com: This takes out the ADR and Canadian stocks. Here are five of the 10 stocks that made it through the screen: The Greenbrier Companies is a leading supplier of transportation equipment and services to the railroad and related industries. GBX’s manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels and performs repair and refurbishment activities for both intermodal and conventional railcars. GBX is also engaged in complementary leasing and services activities. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland & Romania and serves customers across Europe and the Middle East. We are impressed by the company’s efforts to pay dividends even in the current uncertain scenario. GBX currently carries a Zacks Rank #3 (Hold). AMC Entertainment operates as a theatrical exhibition company. It owns interests in theaters and screens. The Zacks Consensus Estimate for the current year has increased 17.6% over the past 60 days. AMC currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Gap Inc. is being well-served by lower advertising expenses and technology investments resulting from cost-saving actions. The retailer is on track with the execution of its Power Plan 2023. GPS shares have surged 74.6% over the past six months. The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.9% over the past 60 days. GPS currently carries a Zacks Rank #3. Avnet is benefiting from robust demand for its products across Asia, Europe, the Middle East and Africa regions. Improvement in the Americas also served as a tailwind. Its continued focus on boosting IoT capabilities is helping it expand in newer markets and win customers. Moreover, cost-saving efforts are aiding profitability. Avnet, currently carrying a Zacks Rank of 3, has an impressive surprise history, with its earnings surpassing the Zacks Consensus Estimate in each of the last four quarters, the average being 13.8%. Group 1 Automotive, a Zacks Rank #3 company, is one of the leading automotive retailers in the world, with operations primarily located in the United States and the UK. GPI has an impressive surprise history, with its earnings surpassing the Zacks Consensus Estimate in each of the last four quarters, the average being 7.3%. GPI shares have gained 7.3% over the past six months. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Avnet, Inc. (AVT) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Greenbrier Companies, Inc. (The) (GBX) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-14	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The release of “Dumb Money” has sparked renewed attention in meme stocks to buy and hold, shedding light on the 2021 retail trading frenzy. The interest in meme stocks led to the widespread popularity of stocks like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) which seemingly offered nothing for the savvy investor, marking an important chapter in financial history. However, investors are quick to dismiss meme stocks as mere social media fads lacking solid fundamentals and attractive growth trajectories. The trending meme stocks discussed in this article are three of the biggest winners in the stock market this year, offering robust long-term upside. Therefore, it is imperative to understand the fusion of finance and online trends show meme stocks as enduring, not temporary. They represent a fresh aspect of investing, where classic strategies merge with modern trends, offering long-lasting opportunities for investors. Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com Tech titan Apple (NASDAQ:AAPL) never ceases to amaze. The launch of the iPhone 15 sent ripples across the industry, particularly in challenging markets such as China. Additionally, the iPhone 15 Pro Max boasts an extraordinary 50-day average fulfillment period, as reported by JPMorgan (NYSE:JPM) in September, underscoring its skyrocketing demand. Moreover, the company introduced the Vision Pro augmented reality headset, a groundbreaking venture that marks Apple’s most significant consumer product unveiling in over a decade. Furthermore, Apple’s financial strength remains unchallenged, with a market capitalization that has ballooned over the $2.9 trillion mark. The latest quarterly figures are a testament to this, with remarkable sales of $89.5 billion and net income soaring to $22.96 billion. TipRanks analysts are echoing this success, predicting a Strong Buy with an 9% upside. This financial prowess, coupled with innovative launches, cements Apple’s dominance in the market. Meta Platforms (META) Source: Blue Planet Studio / Shutterstock.com Meta Platforms (NASDAQ:META), boasting over three billion users across its services, remains a digital powerhouse. The company is making waves this year with an emphatic comeback as it makes its foray into AI. The debut of its large Llama language model earlier this year was a strategic move to rival titans such as OpenAI’s ChatGPT. Consequently, the unveiling of Llama 2 further highlights Meta’s commitment to innovation and attracting top developer talent. At Meta Connect 2023, Meta showcased the Quest 3 VR headset, a tech marvel with a Snapdragon XR2 Gen 2 chipset, and an innovative “pass-through” feature for improved realism. Additionally, the company revealed the Ray-Ban Meta Smart Glasses, with unique frames, enhanced audio and camera features, poised to further expand Meta’s prowess in everyday wearables. Reflecting this optimism, Meta’s stock performance has been stellar, soaring over 164% year-to-date. Additionally, the average analyst target for the stock at an impressive $381. That points to Meta’s potential for long-term growth in the ever-evolving tech landscape. Nvidia (NVDA) Source: Evolf / Shutterstock.com Nvidia (NASDAQ:NVDA), a GPU powerhouse, is rapidly advancing in the AI sector, fueled by high demand for its AI training and inference chips. This growing interest is mirrored in its vigorous growth and strategic integration of HGX systems across major cloud platforms, highlighting Nvidia’s technological prowess. Moreover, Nvidia’s stock showcases extraordinary growth, climbing 240% year-to-date and trading at $483. As a standout in the S&P 500 index this year, NVDA’s market capitalization surpassed the whopping $1 trillion mark. That remarkable surge reflects the company’s robust position in the AI sphere and its ability to consistently innovate. Furthermore, Citi (NASDAQ:C) analysts forecasted that NVDA will maintain an impressive 90% market share in the AI GPU chip segment over the next few years. That projection, coupled with a Strong Buy rating from TipRanks analysts and a predicted 34% upside, positions Nvidia as a company with a clear trajectory towards even greater heights. On the date of publication, Muslim Farooque did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Meme Stocks That Are Here for the Long Haul appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-09	AMC	By Amruta Khandekar and Shristi Achar A Nov 9 (Reuters) - U.S. stock index futures struggled for direction on Thursday as uncertainty about when the Federal Reserve will start easing financial conditions kept investors on edge as they awaited further policy cues from central bank officials. Signs of a weakening labor market and a tempering of the Fed's hawkish stance at its last meeting have pulled U.S. Treasury yields down from multi-year highs, helping equities stage a stellar comeback from their October lows. However, the rally has run out of steam as several Fed policymakers this week pushed back against market expectations that the central bank will begin cutting interest rates soon. The benchmark S&P 500 .SPX eked out marginal gains on Wednesday, but managed to extend its longest winning streak in two years. A majority of traders are betting that the Fed will keep interest rates unchanged this year, with odds of a cut of at least 25 basis points in May standing at nearly 47%, according to the CME Group's FedWatch tool. "But that was never the case and comments from various CB (central bank) officials this week have very much opened eyes to this." Chicago Fed President Austan Goolsbee said the U.S. central bank will need to pay close attention to the effects of higher longer-term bond yields to make sure they don't slow the economy more than expected over the coming year, according to a Wall Street Journal report. Among the Fed speakers on tap, Chair Jerome Powell is scheduled to speak at an International Monetary Fund (IMF) conference at 2 p.m. ET (1900 GMT). He had refused to comment on monetary policy at another conference on Wednesday. Richmond Fed President Thomas Barkin is also expected to discuss the outlook for the U.S. economy later in the day. Investors will also assess a Labor Department report, due at 8:30 a.m. ET, which is expected to show jobless claims edged up to 218,000 for the week ended Nov. 4 from 217,000 in the prior week. On the earnings front, shares of Walt DisneyDIS.N rose 4.1% in premarket trade after the entertainment company exceeded Wall Street estimates for quarterly profit on higher attendance at its Shanghai and Hong Kong theme parks. Arm HoldingsARM.O dropped 5.1% as the semiconductor firm gave a fiscal third-quarter sales forecast that fell short of analyst estimates. Theatre chain AMC EntertainmentAMC.Nrose 2.7% on beating third-quarter revenue estimates. MGM Resorts InternationalMGM.N added 3.5% on beating third-quarter estimates for profit and revenue as the casino operator benefited from easing pandemic restrictions. (Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju Samuel) ((Amruta.Khandekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-09	AMC	For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures: Dow up 0.11%, S&P up 0.06%, Nasdaq down 0.04% Nov 9 (Reuters) - U.S. stock index futures were muted on Thursday as uncertainty about when the Federal Reserve will start easing financial conditions kept investors on edge as they awaited further policy cues from central bank officials. Signs of a weakening labor market and a tempering of the Fed's hawkish stance at its last meeting have pulled U.S. Treasury yields down from multi-year highs, helping equities stage a stellar comeback from their October lows. However, the rally has run out of steam as several Fed policymakers this week pushed back against market expectations that the central bank will begin cutting interest rates soon. The benchmark S&P 500 .SPX eked out marginal gains on Wednesday, but managed to extend its longest winning streak in two years. At 5:15 a.m. ET, Dow e-minis 1YMcv1 were up 39 points, or 0.11%, S&P 500 e-minis EScv1 were up 2.5 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 were down 6.25 points, or 0.04%. A majority of traders are betting that the Fed will keep interest rates unchanged this year, with odds of a cut of atleast 25 basis points in May standing at nearly 48%, according to the CME Group's FedWatch tool. "The market got carried away regarding how soon it thought we would be seeing interest rate cuts being delivered. It took the message that further rate hikes were unlikely as ... cuts were coming soon," said Stuart Cole, head macro economist at Equiti Capital. "But that was never the case and comments from various CB (central bank) officials this week have very much opened eyes to this." The yield on the benchmark ten-year Treasury note US10YT=RR was largely steady at 4.5333% while that on the two-year note US2YT=RR, which best reflects short-term rate expectations, inched up to 4.9445%. Fed Chair Jerome Powell is scheduled to speak at an International Monetary Fund (IMF) conference at 2 p.m. ET (1900 GMT). He had refused to comment on monetary policy at another conference on Wednesday. Federal Reserve Bank of Richmond President Thomas Barkin is also expected to discuss the outlook for the U.S. economy later in the day. Investors will also assess a Labor Department report, due at 8:30 a.m. ET, which is expected to show jobless claims edged up to 218,000 for the week ended Nov. 4 from 217,000 in the prior week. On the earnings front, shares of Walt DisneyDIS.N rose 4.0% in premarket trade after the entertainment company exceeded Wall Street estimates for quarterly profit on higher attendance at its Shanghai and Hong Kong theme parks. At 5:15 a.m. ET, Dow e-minis 1YMcv1 were up 39 points, or 0.11%, S&P 500 e-minis EScv1 were up 2.5 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 were down 6.25 points, or 0.04%. Arm HoldingsARM.O dropped 6.1% as the semiconductor firm gave a fiscal third-quarter sales forecast that fell short of analyst estimates. Theatre chain AMC EntertainmentAMC.N rose 2.3% on beating third-quarter revenue estimates. (Reporting by Amruta Khandekar; Editing by Maju Samuel) ((Amruta.Khandekar@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-08	AMC	For the quarter ended September 2023, AMC Entertainment (AMC) reported revenue of $1.41 billion, up 45.2% over the same period last year. EPS came in at -$0.09, compared to -$2.00 in the year-ago quarter. The reported revenue represents a surprise of +8.58% over the Zacks Consensus Estimate of $1.29 billion. With the consensus EPS estimate being -$0.20, the EPS surprise was +55.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how AMC Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Food and beverage: $482.70 million versus $449.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +44.8% change. Revenues- Other theatre: $125.50 million versus the four-analyst average estimate of $106.45 million. The reported number represents a year-over-year change of +39.8%. Revenues- Admissions: $797.70 million compared to the $739.10 million average estimate based on four analysts. The reported number represents a change of +46.3% year over year. View all Key Company Metrics for AMC Entertainment here>>> Shares of AMC Entertainment have returned +3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-08	AMC	Adds details from paragraph 2-4 Nov 8 (Reuters) - AMC Entertainment Holdings AMC.N beat third-quarter revenue estimates on Wednesday, riding on the success of "Barbie" and "Oppenheimer" movies as volumes of theatrical releases also improved at the box office. Popular and diverse movie titles are driving moviegoers to theaters in a post-pandemic environment ruled by pent-up demand and high prices of tickets helping theater chain operators. Attendance in AMC theaters increased 38.4% to 73,576. The movie theater chain posted revenue of $1.41 billion for the quarter ended Sept. 30, compared with market estimates of $1.26 billion, according to LSEG data. (Reporting by Jaspreet Singh in Bengaluru; Editing by Krishna Chandra Eluri) ((Jaspreet.Singh@thomsonreuters.com; https://twitter.com/i_jass;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-08	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMC Entertainment (NYSE:AMC), the movie theater chain, reported an unexpected surge in third-quarter earnings on Nov. 8. The company announced that revenues hit $1.41 billion, exceeding Wall Street estimates of $1.26 billion by 11.6%. The 45.2% year-over-year growth was driven by an increase in contribution per patron, and a 38.4% increase in theater attendance. AMC also surprised on earnings per share (EPS). The theater chain reported EPS of 8 cents, a significant improvement over last year’s loss of $2.20 per share, and well ahead of analyst expectations for a loss of 18 cents. . “For the second consecutive quarter, AMC reported positive net income and we ended the quarter with $730 million of cash,” CEO Adam Aron said in the press release. “This all suggests that we are well underway on our growth path to recovery from the ravages of the COVID pandemic.” Aron attributes the company’s success to its innovative marketing and pricing strategies that led to an increase in per-patron spending, particularly in its high-margin food and beverage business. Aron also pointed out the strategic closing of low-performing theaters while launching successful new ones as reasons for the outperformance. Despite the promising quarter, the CEO also addressed forthcoming challenges, particularly striking actors and writers that threaten to impact AMC’s 2024 performance. Urging involved parties to negotiate immediately, Aron emphasized the importance of ending the “months-long disharmony” within the creative community. The company also warned that attendance at the domestic box office was still 16% below comparable 2019 levels. AMC’s Q3 release comes amidst a challenging year for the company. Shares of the firm have declined 67%, contrasting against the S&P 500 YTD return of 15.6%. Nevertheless, AMC’s Q3 financial performance suggests a turnaround could be in the works. Pay close attention. Thomas Yeung produced this article using data from Thomson Reuters and unique generative AI prompts. These prompts help distill real-time quarterly earnings data and combine it with InvestorPlace.com’s best-in-class analysis. Our readers get a deep dive into financial results at lightning speed. These articles have been reviewed by a human editor prior to publication. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMC Reports Stunning Q3 Numbers. Here’s Why Wall Street Is Unimpressed With AMC Stock. appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-08	AMC	The NASDAQ 100 After Hours Indicator is down -5.95 to 15,307.29. The total After hours volume is currently 91,732,632 shares traded. The following are the most active stocks for the after hours session: Transocean Ltd. (RIG) is +0.0103 at $6.68, with 7,608,073 shares traded. RIG's current last sale is 89.07% of the target price of $7.5. EQRx, Inc. (EQRX) is +0.06 at $2.40, with 4,525,189 shares traded.EQRX is scheduled to provide an earnings report on 11/9/2023, for the fiscal quarter ending Sep2023. Walt Disney Company (The) (DIS) is +2.7 at $87.20, with 3,677,595 shares traded. Smarter Analyst Reports: Disney+ to Launch Ad-Supported Subscription Offering Sabre Corporation (SABR) is unchanged at $3.44, with 3,122,245 shares traded. As reported in the last short interest update the days to cover for SABR is 7.306776; this calculation is based on the average trading volume of the stock. Microsoft Corporation (MSFT) is +0.17 at $363.37, with 2,889,845 shares traded. Over the last four weeks they have had 11 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $2.74. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range". Pfizer, Inc. (PFE) is -0.0415 at $30.78, with 2,714,881 shares traded. PFE's current last sale is 81% of the target price of $38. Micron Technology, Inc. (MU) is unchanged at $72.28, with 2,341,002 shares traded. As reported by Zacks, the current mean recommendation for MU is in the "buy range". Welltower Inc. (WELL) is unchanged at $86.37, with 2,209,821 shares traded. WELL's current last sale is 95.97% of the target price of $90. DoorDash, Inc. (DASH) is unchanged at $87.31, with 2,162,394 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $-0.21. DASH's current last sale is 91.42% of the target price of $95.5. Tricon Residential Inc. (TCN) is -0.005 at $7.27, with 2,085,831 shares traded. As reported by Zacks, the current mean recommendation for TCN is in the "buy range". AMC Entertainment Holdings, Inc. (AMC) is +0.01 at $10.10, with 2,033,823 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.2. Smarter Analyst Reports: AMC Entertainment Books Smaller-than-Feared Q4 Loss Intel Corporation (INTC) is -0.05 at $37.87, with 2,028,810 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $0.27. INTC's current last sale is 99.66% of the target price of $38. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-08	AMC	Below is Validea's guru fundamental report for AMC ENTERTAINMENT HOLDINGS INC (AMC). Of the 22 guru strategies we follow, AMC rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. AMC ENTERTAINMENT HOLDINGS INC (AMC) is a mid-cap growth stock in the Motion Pictures industry. The rating using this strategy is 40% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. PRICE/SALES RATIO: PASS TOTAL DEBT/EQUITY RATIO: FAIL PRICE/RESEARCH RATIO: PASS PRICE/SALES RATIO: PASS LONG-TERM EPS GROWTH RATE: FAIL FREE CASH PER SHARE: FAIL THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL Detailed Analysis of AMC ENTERTAINMENT HOLDINGS INC AMC Guru Analysis AMC Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-06	AMC	In its upcoming report, AMC Entertainment (AMC) is predicted by Wall Street analysts to post quarterly loss of $0.22 per share, reflecting an increase of 89% compared to the same period last year. Revenues are forecasted to be $1.25 billion, representing a year-over-year increase of 28.7%. Over the last 30 days, there has been an upward revision of 24.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. That said, let's delve into the average estimates of some AMC Entertainment metrics that Wall Street analysts commonly model and monitor. Analysts forecast 'Revenues- Food and beverage' to reach $431.48 million. The estimate points to a change of +29.5% from the year-ago quarter. The consensus among analysts is that 'Revenues- Other theatre' will reach $103.05 million. The estimate indicates a year-over-year change of +14.8%. It is projected by analysts that the 'Revenues- Admissions' will reach $711.63 million. The estimate indicates a year-over-year change of +30.5%. View all Key Company Metrics for AMC Entertainment here>>> AMC Entertainment shares have witnessed a change of +15.8% in the past month, in contrast to the Zacks S&P 500 composite's +3.1% move. With a Zacks Rank #2 (Buy), AMC is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-03	AMC	PENN Entertainment, Inc. PENN reported third-quarter 2023 results, with earnings and revenues beating the Zacks Consensus Estimate. The quarterly earnings increased but revenues declined on a year-over-year basis. Following the results, the company’s shares gained 14% during trading hours on Nov 2. Earnings & Revenue Discussion In the quarter under review, PENN reported adjusted earnings per share (EPS) of $1.21, handily beating the Zacks Consensus Estimate of 33 cents by 266.7%. In the prior-year quarter, it reported adjusted EPS of 72 cents. Total revenues of $1,619.4 million beat the Zacks Consensus Estimate of $1,606 million. The top line declined 0.3% on a year-over-year basis. Softness in the South and West regions led to the decline. The Northeast segment delivered revenues of $687 million, up from $685.4 million a year ago. Our model predicted the metric to rise 5.8% year over year to $725.2 million. Revenues from the South, West and Midwest segments came in at $308.2 million, $135.1 million and $293.4 million, down 6.5%, 13.7% and 1.7% year over year, respectively. The Interactive and Other segments’ revenues totaled $196.3 million and $4.5 million, up 23.7% and 7.1% year over year, respectively. PENN Entertainment, Inc. Price, Consensus and EPS Surprise PENN Entertainment, Inc. price-consensus-eps-surprise-chart \| PENN Entertainment, Inc. Quote Operating Headlines In the quarter under discussion, adjusted EBITDAR declined 5.7% from the year-ago quarter’s level to $445.1 million. Our model suggested the metric to fall 4.5% year over year. Adjusted EBITDAR margin contracted 150 basis points to 27.5%. Other Financial Information As of Sep 30, 2023, the company had cash and cash equivalents of $1,317.9 million compared with $1,624 million as of Dec 31, 2022. Traditional net debt as of Sep 30, 2023, was $1,344.1 million, up from $1,075.8 million at 2022-end. The company’s total liquidity as of Sep 30, 2023, was $1.3 billion. Zacks Rank & Key Picks PENN Entertainment currently has a Zacks Rank #3 (Hold). Live Nation Entertainment, Inc. LYV sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 34.6%, on average. Shares of LYV have declined 3.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for LYV’s 2023 sales and EPS indicates 21.6% and 59.4% growth, respectively, from a year ago. AMC Entertainment Holdings, Inc. AMC flaunts a Zacks Rank #1. AMC has a trailing four-quarter earnings surprise of 44.2% on average. The stock has lost 32.9% in the past year. The Zacks Consensus Estimate for AMC’s 2024 sales and EPS implies improvements of 19.5% and 72.8%, respectively, from the prior-year levels. OneSpaWorld Holdings Limited OSW sports a Zacks Rank #1. OSW has a trailing four-quarter earnings surprise of 42.6% on average. Shares of OSW have increased 10.1% in the past year. The Zacks Consensus Estimate for OSW’s 2023 sales and EPS suggests advancements of 44.5% and 117.9%, respectively, from the year-earlier levels. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report OneSpaWorld Holdings Limited (OSW) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-03	AMC	Cinemark Holdings (CNK) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to loss of $0.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 29.79%. A quarter ago, it was expected that this movie theater owner would post earnings of $0.54 per share when it actually produced earnings of $0.80, delivering a surprise of 48.15%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Cinemark, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $874.8 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 2.13%. This compares to year-ago revenues of $650.4 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cinemark shares have added about 94.6% since the beginning of the year versus the S&P 500's gain of 12.5%. What's Next for Cinemark? While Cinemark has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Cinemark: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is breakeven on $674.38 million in revenues for the coming quarter and $1.30 on $3.08 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, AMC Entertainment (AMC), is yet to report results for the quarter ended September 2023. The results are expected to be released on November 8. This movie theater operator is expected to post quarterly loss of $0.22 per share in its upcoming report, which represents a year-over-year change of +89%. The consensus EPS estimate for the quarter has been revised 24.3% higher over the last 30 days to the current level. AMC Entertainment's revenues are expected to be $1.25 billion, up 28.7% from the year-ago quarter. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cinemark Holdings Inc (CNK) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-02	AMC	JAKKS Pacific, Inc. JAKK reported third-quarter 2023 results, with earnings and revenues surpassing the Zacks Consensus Estimate. While revenues outpaced the consensus estimate for the eighth straight quarter, earnings beat the same for the third consecutive quarter. Following the announcement, shares of the company increased 22% during the after-hours trading session on Nov 1. The company’s product margins have seen a notable boost this year, thanks to a more stable supply chain and reduced promotional activities compared with the previous year. Q3 Earnings and Revenues During the quarter, the company reported adjusted earnings per share (EPS) of $4.75, beating the Zacks Consensus Estimate of $3.46. In the prior-year quarter, JAKK reported adjusted EPS of $3.80. Quarterly revenues of $309.7 million surpassed the consensus mark of $284 million. However, the top line declined 4% on a year-over-year basis. During the quarter, it reported solid contributions from Costumes. Yet, dismal Toys/Consumer Products sales hurt its top line. Net sales in the Toys/Consumer Products segment decreased 9% year over year to $246 million. Our estimate was $236.6 million. Costumes net sales rose 19% year over year to $63.7 million. Our projection was $46.4 million. JAKKS Pacific, Inc. Price, Consensus and EPS Surprise JAKKS Pacific, Inc. price-consensus-eps-surprise-chart \| JAKKS Pacific, Inc. Quote Operating Highlights In the reported quarter, gross margin reached 34.5%, up 600 basis points from the prior-year levels. We predicted the metric to be 26.9%. Adjusted EBITDA amounted to $67.1 million compared with $59.4 million a year ago. Balance Sheet As of Sep 30, the company’s cash and cash equivalents (including restricted cash) were $96.4 million compared with $76.6 million as of Sep 30, 2022. As of Sep 30, 2023, total debt was zero, in contrast to $67.7 million as of Sep 30, 2022, and $67.2 million as of Dec 31, 2022. Zacks Rank JAKKS Pacific carries a Zacks Rank #2 (Buy). Other Key Picks Live Nation Entertainment, Inc. LYV sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 34.6%, on average. Shares of LYV have declined 3.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for LYV’s 2023 sales and EPS indicates 21.6% and 59.4% growth, respectively, from a year ago. AMC Entertainment Holdings, Inc. AMC flaunts a Zacks Rank #1. AMC has a trailing four-quarter earnings surprise of 44.2% on average. The stock has fallen 32.9% in the past year. The Zacks Consensus Estimate for AMC’s 2024 sales and EPS implies improvements of 19.5% and 72.8%, respectively, from the prior-year levels. OneSpaWorld Holdings Limited OSW sports a Zacks Rank #1. OSW has a trailing four-quarter earnings surprise of 42.6% on average. Shares of OSW have increased by 10.1% in the past year. The Zacks Consensus Estimate for OSW’s 2023 sales and EPS suggests advancements of 44.5% and 117.9%, respectively, from the year-earlier levels. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report OneSpaWorld Holdings Limited (OSW) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-02	AMC	Marriott International, Inc. MAR reported impressive third-quarter 2023 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis. This was primarily driven by robust leisure demand and solid global booking trends. Also, substantial revenue per available room (RevPAR) growth in international markets added to the upside. Earnings & Revenue Discussion In the quarter under review, Marriott’s adjusted earnings per share (EPS) were $2.11, beating the Zacks Consensus Estimate of $2.10. It reported adjusted earnings of $1.69 per share in the prior-year quarter. Quarterly revenues of $5,928 million outpaced the consensus mark of $5,896 million. The top line improved 12% on a year-over-year basis. Revenues from Base management and Franchise fees came in at $306 million and $748 million, up 11% and 10% year over year, respectively. RevPAR increases and unit growth primarily backed this uptick. We estimate the metrics to be $315.6 million and $743.3 million, respectively. Incentive management fees during the quarter reached $143 million, reflecting a rise of 35% from $106 million in the prior-year quarter. Marriott International, Inc. Price, Consensus and EPS Surprise Marriott International, Inc. price-consensus-eps-surprise-chart \| Marriott International, Inc. Quote RevPAR & Margins RevPAR for worldwide comparable system-wide properties jumped 8.8% (in constant dollars) year over year. This was primarily backed by a 4.1% increase in ADR. Occupancy improved by 3.2% from 2022 levels. Comparable system-wide RevPAR in the Asia Pacific (excluding China) climbed 36.4% (in constant dollars) year over year. Occupancy increased 8.6% year over year, while ADR rose 19.7% from 2022 levels. Comparable system-wide RevPAR in Greater China grew 47.4% year over year. On a constant-dollar basis, international comparable system-wide RevPAR increased 21.8% year over year. Occupancy and ADR gained 7.6% and 8.5% year over year, respectively. Comparable system-wide RevPAR in Europe gained 9.8%. RevPAR in the Caribbean & Latin America inched up 2.8% from 2022 levels. Total expenses during the quarter increased 11% year over year to $4,829 million, primarily owing to a rise in reimbursed expenses. Our estimate was pegged at $4,610 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $1,142 million, up 12% from the prior-year quarter. We predicted the metric to be $1,123.6 million. Balance sheet At the third-quarter end, Marriott's total debt reached $11.8 billion compared with $11.3 billion in the previous quarter. Cash and cash equivalents, as of Sep 30, 2023, came in at $0.7 billion compared with $0.6 billion in the previous quarter. Year to date (through Oct 31, 2023), the company repurchased 18.3 million shares of its common stock worth $3.3 billion. Unit Developments At the end of third-quarter 2023, Marriott's development pipeline totaled 3,200 hotels, with approximately 557,000 rooms. More than 238,000 rooms were under construction. During the quarter, it added 97 properties (17,192 rooms) to its worldwide lodging portfolio. Outlook For fourth-quarter 2023, management anticipates gross fee revenues in the range of $1,185-$1,215 million. Adjusted EBITDA is expected to be between $1,115 million and $1,150 million. MAR estimates fourth-quarter EPS to be between $2.04 and $2.13. For the fourth quarter, the company projects worldwide system-wide RevPAR to increase 6-7.5% year over year. RevPAR in the United States and Canada is expected to rise 3-4% year over year. International RevPAR is suggested in the range of 14-16% year over year. It anticipates worldwide system-wide RevPAR in 2023 to increase 14-15% year over year compared with the previous expectation of 12-14% year-over-year growth. For 2023, MAR forecasts gross fee revenues in the range of $4,765-$4,795 million compared with the previous projection of $4,730-$4,820 million. General and administrative expenses are projected to be approximately $935 million. Adjusted EBITDA is expected to be between $4,574 and $4,609 million compared with the previous expectation of $4,535 million and $4,650 million. It envisions 2023 EPS in the range of $8.50-$8.59, up from the prior estimate of $7.97-$8.42. Zacks Rank Marriott currently carries a Zacks Rank #3 (Hold). Key Picks Live Nation Entertainment, Inc. LYV sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 34.6%, on average. Shares of LYV have declined 3.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for LYV’s 2023 sales and EPS indicates 21.6% and 59.4% growth, respectively, from a year ago. AMC Entertainment Holdings, Inc. AMC flaunts a Zacks Rank #1. AMC has a trailing four-quarter earnings surprise of 44.2% on average. The stock has fallen 32.9% in the past year. The Zacks Consensus Estimate for AMC’s 2024 sales and EPS implies improvements of 19.5% and 72.8%, respectively, from the prior-year levels. OneSpaWorld Holdings Limited OSW sports a Zacks Rank #1. OSW has a trailing four-quarter earnings surprise of 42.6% on average. Shares of OSW have increased by 10.1% in the past year. The Zacks Consensus Estimate for OSW’s 2023 sales and EPS suggests advancements of 44.5% and 117.9%, respectively, from the year-earlier levels. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marriott International, Inc. (MAR) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report OneSpaWorld Holdings Limited (OSW) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-11-01	AMC	Wall Street expects a year-over-year increase in earnings on higher revenues when AMC Entertainment (AMC) reports results for the quarter ended September 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 8. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This movie theater operator is expected to post quarterly loss of $0.22 per share in its upcoming report, which represents a year-over-year change of +89%. Revenues are expected to be $1.25 billion, up 28.7% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 24.3% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for AMC Entertainment? For AMC Entertainment, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -17.83%. On the other hand, the stock currently carries a Zacks Rank of #1. So, this combination makes it difficult to conclusively predict that AMC Entertainment will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that AMC Entertainment would post a loss of $0.50 per share when it actually produced break-even earnings, delivering a surprise of +100%. Over the last four quarters, the company has beaten consensus EPS estimates four times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. AMC Entertainment doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. An Industry Player's Expected Results Another stock from the Zacks Leisure and Recreation Services industry, Xponential Fitness (XPOF), is soon expected to post earnings of $0.15 per share for the quarter ended September 2023. This estimate indicates a year-over-year change of +50%. Revenues for the quarter are expected to be $74.88 million, up 17.4% from the year-ago quarter. The consensus EPS estimate for Xponential Fitness has been revised 7.7% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -4.85%. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Xponential Fitness will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Xponential Fitness, Inc. (XPOF) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-31	AMC	For Immediate Release Chicago, IL – October 31, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Spotify Technology SPOT, PlayAGS AGS, Potbelly PBPB, Matson MATX and AMC Entertainment AMC. Wall Street Trick or Treat? 5 Stock Picks for Halloween In the first half of 2023, Wall Street delivered an upbeat performance, with the S&P 500, the Nasdaq and the Dow Jones gaining about 14%, 29.5% and 2.4%, respectively. Better-than-expected corporate earnings and the AI boom were the key trends in the first half. However, the wining trend faltered in the second half. In July, the S&P 500 and the Nasdaq marked their fifth successive positive month, only to register flat performances in August. Wall Street's vigor waned due to a sequence of bank downgrades and expectations of higher-for-longer interest rates. September was also not sturdy. As a result, the third quarter was an average-to-downbeat period for investors, mainly due to rising rates. But the feeble trend continued even in the fourth quarter of 2023, with stocks registering a considerable decline in October. Hence, it is obvious that investors are scratching their heads to find out what lies ahead in the final two months of the year, which forms the all-important holiday season. Over the past decade, the fourth quarter of the year has actually been the best for the stock market, with the Dow, the S&P 500 and the Nasdaq up at least 4% on average, per a CNBC article. Although the S&P 500 has entered the correction territory, top-ranked stocks like Spotify Technology, PlayAGS, Potbelly, Matson and AMC Entertainment should outperform in the holiday season. S&P 500 Enters Correction Zone: Will It Gain/Lose Ahead? The S&P 500 has fallen 10% since the start of July. The autumn pullback in the stock market sent the S&P 500 into correction territory and made the index record its worst two-week decline of the year due to rising rates, per Wall Street Journal. The Bank of America believes that the S&P 500 could decline another 5% and test a critical support level that has previously marked the bottom. Agreed, the Fed is likely to enact a rate hike in November. Inflationary pressure, rising rate worries and geopolitical crisis are present. But those threats are currently priced in the valuation. Moreover, inflation is falling and rates are peaking. Hence, according to Oppenheimer's chief investment strategist John Stoltzfus, the S&P 500 is due for a massive rally by the end of the year, as the Fed is eyeing a dial-back its rate hike momentum, as quoted on Business Insider. In an interview with CNBC on Thursday, Stoltzfus reiterated his S&P 500 price target of 4,900 by the end of the year, marking about a 19% rally in the final two months of the year. Markets are expecting interest rate cuts by mid-next year, with investors pricing in an 80% chance that rates could be lower than their current level by July 2024, according to the CME FedWatch tool. That could be bullish for stocks, considering that rate hikes wreaked havoc on the S&P 500 down heavily in 2022. Stock Picks Against this backdrop, we highlight a few stocks that have a Zacks Rank #1 (Strong Buy) or #2 (Buy) and have witnessed the Zacks Consensus Estimate for their upcoming quarter's earnings surging more than 10% in the past month. You can see the complete list of today's Zacks #1 Rank stocks here. Spotify Technology The Zacks Rank #2 company provides music streaming services. The company offers commercial free music and ad-supported services to subscribers. The Zacks Consensus Estimate for the December quarter skyrocketed 2465%. PlayAGS The Zacks Rank #2 company is a designer and supplier of electronic gaming machines and other products and services for the gaming industry. The Zacks Consensus Estimate for the December quarter surged 344%. Potbelly The Zacks Rank #2 company is a neighborhood sandwich concept. The company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream and smoothies. The Zacks Consensus Estimate for the December quarter jumped 100%. Matson The Zacks Rank #1 company operates as an ocean transportation and logistics company. It offers shipping services in Hawaii, Guam, and Micronesia islands and expedited service from China to southern California. The Zacks Consensus Estimate for the December quarter grew about 42%. AMC Entertainment The Zacks Rank #1 company operates as a theatrical exhibition company primarily in the United States and internationally. It owns interests in theatres and screens. The Zacks Consensus Estimate for the December quarter grew about 24.3%. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Matson, Inc. (MATX) : Free Stock Analysis Report Potbelly Corporation (PBPB) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report PlayAGS, Inc. (AGS) : Free Stock Analysis Report Spotify Technology (SPOT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-31	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMC Entertainment (NYSE:AMC) stock has had a wild ride. The company’s financial performance over the past few years is not just a reflection of past achievements. It’s a vivid indicator of the promising future that lies ahead. This upward trajectory can have a significant impact on the company’s strategic position in the entertainment industry. A look at the period from 2020 to 2023 reveals a compelling narrative. In 2020, AMC’s revenue stood at a respectable $1.24 billion. However, this number underwent a breathtaking transformation, soaring to a staggering $4.26 billion in 2021. That’s a jaw-dropping 103.47% increase in revenue in just one year, underscoring the company’s remarkable resilience even during challenging times. A Closer Look at AMC Stock But the story doesn’t end there. From 2022 to 2023, AMC continues to build on its success, notching a significant 8.95% increase in revenue. This sustained growth is not just a reflection of past achievements but a confident stride into the future. It’s a testament to the company’s adaptability and its capacity to seize opportunities, ensuring a path of continued profitability. The numbers tell an interesting story of financial prowess, but they also foretell the future. AMC’s impressive revenue growth is a solid foundation that equips the company to navigate any future challenges with confidence. With this robust financial backbone, AMC is well-positioned to capture the opportunities presented by the dynamic entertainment industry. AMC stock’s commitment to growth is clear in its year-over-year CAPEX growth. In comparison to the sector median, which stands at a modest 4.10%, AMC’s CAPEX Growth (YoY) has surged to an impressive 36.02%. This substantial variance highlights AMC’s proactive approach to investing in its business, paving the way for continued expansion and innovation. CAPEX Sales TTM is another telling metric that underscores AMC’s commitment to its strategic investments. AMC’s CAPEX Sales TTM currently stands at 5.23%, which is significantly higher than the sector median of 4.00%. This heightened investment-to-sales ratio indicates a strong focus on strengthening the company’s infrastructure, services, and customer experience, setting the stage for sustainable growth. These investments through CAPEX not only enable the company to enhance its existing infrastructure and services but also position it for success in a rapidly evolving entertainment industry. AMC’s proactive approach to capital expenditure ensures that it remains at the forefront of innovation, adapting to changing consumer demands and market dynamics. New Distribution Model Taylor Swift’s concert film, “Taylor Swift: The Eras Tour,” made a spectacular debut, generating between $95 million and $97 million in domestic sales during its opening weekend. Notably, it became the highest-grossing concert film of all time, setting new industry benchmarks. This staggering success had a tangible impact on the AMC stock and revenue performance. AMC stocks surged by 1.9%, breaking a two-day losing streak, in response to the film’s resounding triumph. Building on the momentum created by Taylor Swift’s film, AMC is gearing up for the release of “Renaissance: A Film by Beyoncé” on December 1. The anticipation around this release is high, as it follows a proven formula of partnering with global music icons. Beyoncé’s “Renaissance World Tour” garnered international acclaim, attracting over 2.7 million fans from around the world, underscoring its potential to be another revenue generator for AMC stock. AMC’s role as a theatrical distributor for these concert films not only redefined the distribution model for such productions but also signifies the company’s growing influence in the entertainment industry. Collaborations with Taylor Swift and Beyoncé set a precedent for AMC, demonstrating its ability to offer immersive cinematic experiences that appeal to diverse audiences. AMC Stock Q3 Report Is Coming AMC Entertainment’s robust financial performance, remarkable revenue growth, and strategic investments lay a strong foundation for its promising future in the dynamic entertainment industry. Collaborations with renowned artists and the innovative distribution of concert films have enhanced its market influence. The financial impact of these collaborations will be further elucidated in AMC’s upcoming Q3 earnings report on November 8. Analysts expect Q3 revenue to reflect substantial year-over-year growth of 26.73%, suggesting that the influence of these concert films has contributed to the company’s resilience amid industry challenges. On the date of publication, Julia Magas did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Julia Magas is a writer who covers the latest trends in finance and technology. Her work is published in a number of financial media outlets such as Nasdaq, Cointelegraph, Investing, SeekingAlpha, FXEmpire, and Beincrypto. She primarily covers cryptocurrency and blockchain technology with a focus on market performance, innovations and trends. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMC Stock Proves It’s Too Early To Write Off Movie Theatre Industry appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-30	AMC	In the first half of 2023, Wall Street delivered an upbeat performance, with the S&P 500, the Nasdaq and the Dow Jones gaining about 14%, 29.5% and 2.4%, respectively. Better-than-expected corporate earnings and the AI boom were the key trends in the first half. However, the wining trend faltered in the second half. In July, the S&P 500 and the Nasdaq marked their fifth successive positive month, only to register flat performances in August. Wall Street's vigor waned due to a sequence of bank downgrades and expectations of higher-for-longer interest rates. September was also not sturdy. As a result, the third quarter was an average-to-downbeat period for investors, mainly due to rising rates. But the feeble trend continued even in the fourth quarter of 2023, with stocks registering a considerable decline in October. Hence, it is obvious that investors are scratching their heads to find out what lies ahead in the final two months of the year, which forms the all-important holiday season. Over the past decade, the fourth quarter of the year has actually been the best for the stock market, with the Dow, the S&P 500 and the Nasdaq up at least 4% on average, per a CNBC article. Although the S&P 500 has entered the correction territory, top-ranked stocks like Spotify Technology SPOT, PlayAGS AGS, Potbelly PBPB, Matson MATX and AMC Entertainment AMC should outperform in the holiday season. S&P 500 Enters Correction Zone: Will It Gain/Lose Ahead? The S&P 500 has fallen 10% since the start of July. The autumn pullback in the stock market sent the S&P 500 into correction territory and made the index record its worst two-week decline of the year due to rising rates, per Wall Street Journal. The Bank of America believes that the S&P 500 could decline another 5% and test a critical support level that has previously marked the bottom. Agreed, the Fed is likely to enact a rate hike in November. Inflationary pressure, rising rate worries and geopolitical crisis are present. But those threats are currently priced in the valuation. Moreover, inflation is falling and rates are peaking. Hence, according to Oppenheimer's chief investment strategist John Stoltzfus, the S&P 500 is due for a massive rally by the end of the year, as the Fed is eyeing a dial-back its rate hike momentum, as quoted on Business Insider. In an interview with CNBC on Thursday, Stoltzfus reiterated his S&P 500 price target of 4,900 by the end of the year, marking about a 19% rally in the final two months of the year. Markets are expecting interest rate cuts by mid-next year, with investors pricing in an 80% chance that rates could be lower than their current level by July 2024, according to the CME FedWatch tool. That could be bullish for stocks, considering that rate hikes wreaked havoc on the S&P 500 down heavily in 2022. Stock Picks Against this backdrop, we highlight a few stocks that have a Zacks Rank #1 (Strong Buy) or #2 (Buy) and have witnessed the Zacks Consensus Estimate for their upcoming quarter’s earnings surging more than 10% in the past month. You can see the complete list of today’s Zacks #1 Rank stocks here. Spotify Technology (SPOT) The Zacks Rank #2 company provides music streaming services. The company offers commercial free music and ad-supported services to subscribers. The Zacks Consensus Estimate for the December quarter skyrocketed 2465%. PlayAGS (AGS) The Zacks Rank #2 company is a designer and supplier of electronic gaming machines and other products and services for the gaming industry. The Zacks Consensus Estimate for the December quarter surged 344%. Potbelly (PBPB) The Zacks Rank #2 company is a neighborhood sandwich concept. The company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream and smoothies. The Zacks Consensus Estimate for the December quarter jumped 100%. Matson (MATX) The Zacks Rank #1 company operates as an ocean transportation and logistics company. It offers shipping services in Hawaii, Guam, and Micronesia islands and expedited service from China to southern California. The Zacks Consensus Estimate for the December quarter grew about 42%. AMC Entertainment (AMC) The Zacks Rank #1 company operates as a theatrical exhibition company primarily in the United States and internationally. It owns interests in theatres and screens. The Zacks Consensus Estimate for the December quarter grew about 24.3%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows. It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Matson, Inc. (MATX) : Free Stock Analysis Report Potbelly Corporation (PBPB) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report PlayAGS, Inc. (AGS) : Free Stock Analysis Report Spotify Technology (SPOT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-26	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The U.S. economy has defied expectations as it accelerates despite higher interest rates, resumed student loan payments, and geopolitical tensions. Analysts have raised their forecasts, with Goldman Sachs increasing its third-quarter growth estimate to 4% from 3.7%, and High Frequency Economics raising its third and fourth-quarter forecasts. This has led to the emergence of tech stocks to buy. Despite this momentum, inflation has eased to 3.7% in September, allowing the Federal Reserve to hold off on further rate increases. However, the future remains uncertain, with three possible outcomes: a short-lived momentum, a return of higher inflation and more rate hikes, or a scenario of strong growth with controlled inflation. No matter the turn-out, now is the perfect time to purchase these future trillion-dollar technology companies; as our economy heals, these tech stocks will follow with strong growth. Celestica (CLS) Source: Gorodenkoff via Shutterstock Celestica (NYSE:CLS) is a leader in technological business design, manufacturing, and supply chains. Currently focused on supply chains, after-market cycling, and the creation of displays, CLS stock is valued at $25.81, up 182.39% YoY. The smart manufacturing industry in 2022 was valued at $277.81 billion and is forecasted to grow to $658.41 billion by 2029 at a 13.1% 7-year CAGR. Celestica is dominant in the industry, with branches in other sectors improving CLS’s business. Financially, Celestica had a fantastic Q2 2023 with YoY growth in every essential metric. Revenue was reported at $1.94 billion, or a 12.94% YoY increase, and net income and EPS at $55.5 million and $1.36 grew by 55.9% and 58.62%, respectively. The past quarter’s financial success amounted to larger quantities of display systems to large industry OEMs such as Cisco and Dell. Supplying these industry giants contributes to guaranteed business for the present and future. This makes it one of those tech stocks to buy. The strongest factor for the recent growth of CLS has originated from the Advanced Technology Solutions (ATS) unit. With ATS totaling 43% of total revenue recently, large advancements through various technologies in aerospace and defense industries have contributed to significant growth in the past quarter, as well as growth for the upcoming quarters. Furthermore, vast and strong development in AI resources has improved resources and products in both supply chain and ATS services, helping bolster upcoming profits in future years. Overall, strong financials backed by compounding recent advancements improving ATS services will further contribute towards profit and growth in valuation for the upcoming years. IonQ (IONQ) Source: Shutterstock IonQ (NYSE:IONQ) is a quantum computing hardware and software company, staying at the forefront of the quantum computing industry through trapped ion technology in its quantum processing units. Yahoo! Finance has 5 analysts predicting a 1-year price range on IonQ to be between $14.00 and $21.00, with a mean of $17.80. The quantum computing industry is expected to reach a valuation of $4.37 billion by 2028, growing at a 38.1% CAGR. Growth factors include increased utilization in financial services for its computation and cybersecurity utilities, as well as the potential to cut years of time from drug development through running simulations for trials. IONQ boasts strong financials. The company reports $5.52 million in revenue for Q2 2023, representing a 111.4% 1-year CAGR. IonQ demonstrates its profitability through its 72.4% gross profit margin, well above the sector median. Management has improved upon operational expenditures over the past year through cash from investing, which grew 36.6%, and net change in cash, which grew 11.6%. All in all, it’s one of those tech stocks to consider. IonQ shows growth potential through its partnerships that put the company in an attractive position for investors. IonQ has partnered with Switzerland-based quantum computing company QuantamBasel to establish a European quantum data center. This partnership drives the organic expansion of IonQ’s European customer base. The company has also renewed a partnership with the United States Air Force Research Lab (AFRL), as the contract is worth $25.5 million. This renewal contract gives AFRL access to IonQ’s trapped ion technology, enabling further AFRL quantum network research and application development. IONQ is the technology stock that investors should not miss out on because of the quantum computing industry’s growth, strong financials, a partnership that allows for global expansion, and more mentioned above. AMC Entertainment (AMC) Source: rblfmr / Shutterstock.com AMC Entertainment (NYSE:AMC) is an American movie theater chain with 950 theaters and 10,500 screens globally. AMC’s stock is down 73.24%YTD at $9.53, but 5 analysts forecast a 12-month price forecast on a median to the high price of $10 to $19 or a 4.1% and 97.7% upside. The entertainment industry in 2023 is valued at $27.72 billion and is expected to grow at a CAGR of 7.80% to $40.36 billion by 2028. Key factors for this include the increase in penetration of cell phones and the growing amount of free time for the population in many developed nations. From 2020-2023, revenue grew from $1.24 billion to $4.26 billion, representing a 103.47% change from 2020 to 2021, and a growth of 8.95% from 2022 to 2023. CAPEX Growth (YoY) reached 36.02, 778.80% more than the sector median of a measly 4.10%. CAPEX Sales TTM also reached 5.23%, which is 30.66% more than the sector median of 4.00%. Overall, these metrics indicate that AMC is growing quickly while remaining profitable. AMC is a dominant force in the movie theater industry, primarily owing to its commanding market share in key regions and its astute positioning of theaters, designed to maximize productivity. Furthermore, we anticipate a substantial increase in revenue in the coming months, driven by the highly anticipated releases of blockbuster movies. As excitement continues to build around these upcoming films, it is virtually certain that audiences will flock to their local AMC theaters for an immersive cinematic experience. This surge in patronage is expected to translate into significant revenue spikes, securing AMC’s relevance for the foreseeable future, spanning at least the next decade. Overall, due to the solid geographic presence offered by AMC and the next generation of exceptional movies tailored to every consumer’s needs, AMC is a stock that is set to skyrocket in growth. On the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The researchers contributing to this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Michael Que is a financial writer with extensive experience in the technology industry, with his work featured on Seeking Alpha, Benzinga and MSN Money. He is the owner of Que Capital, a research firm that combines fundamental analysis with ESG factors to pick the best sustainable long-term investments. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Tech Stocks to Buy Before They Take Off in 2024 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-26	AMC	Investors often opt for the stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio is, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for growth. But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of PepsiCo PEP, The J. M. Smucker Co. SJM, AMC Entertainment AMC, Edwards Lifesciences EW and Versus Systems VS. Rising P/E: A Useful Tool The concept is that as earnings rise, so should the price of the stock. As forecasts for expected earnings come in higher, strong demand for the stock should continue to push up its prices. After all, astock's P/E gives an indication of how much investors are ready to shell out per dollar of earnings. Suppose an investor wants to buy a stock with a P/E ratio of 30. This means that he is willing to shell out $30 for only $1 worth of earnings as he expects earnings of the company to rise at a faster pace in the future owing to strong fundamentals. So, if the P/E of a stock is rising steadily, it means that investors are assured of its inherent strength and expect some strong positives out of it. Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains. The Winning Strategy In order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters. EPS growth estimate for the current year is greater than or equal to last year’s actual growth Percentage change in last year EPS should be greater than or equal zero (These two criteria point to flat earnings or a growth trend over the years.) Percentage change in price over four weeks greater than the percentage change in price over 12 weeks Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks (These two criteria show that price of the stock is increasing consistently over the said timeframes.) Percentage price change for four weeks relative to the S&P 500 greater than the percentage price change for 12 weeks relative to the S&P 500 Percentage price change for 12 weeks relative to the S&P 500 greater than the percentage price change for 24 weeks relative to the S&P 500 (Here, the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500.) Percentage price change for 12 weeks is 20% higher than or equal to the percentage price change for 24 weeks, but it should not exceed 100% (A 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and that the stock might be due for a reversal.) In addition, we place a few other criteria that lead us to some likely outperformers. Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) can get through. Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity. Just these few criteria narrowed down the universe from over 7,700 stocks to just 44. Here are five out of the 44 stocks: PepsiCo: The Zacks Rank #2 stock is one of the leading global food and beverage companies. Its complementary brands/businesses include Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker food. You can see the complete list of today’s Zacks #1 Rank stocks here. The average earnings surprise of PEP for the past four quarters is 5.55%. The J. M. Smucker Co: The Zacks Rank #2 company is a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America. The average earnings surprise of SJM for the past four quarters is 7.30%. AMC Entertainment: The Zacks Rank #2 company operates as a theatrical exhibition company primarily in the United States and internationally. The average earnings surprise of AMC for the past four quarters is 44.22%. Edwards Lifesciences: This Zacks Rank #2 company deals in products and technologies aimed at treating advanced cardiovascular diseases, especially structural heart disease in critically ill patients. The average earnings surprise of EW for the past four quarters is 1.62%. Versus Systems:This Zacks Rank #2 company is a platform integrated into mobile, console and PC games, as well as streaming media and mobile apps. The average earnings surprise of VS for the past four quarters is 22.70%. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Edwards Lifesciences Corporation (EW) : Free Stock Analysis Report PepsiCo, Inc. (PEP) : Free Stock Analysis Report The J. M. Smucker Company (SJM) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Versus Systems Inc. (VS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-25	AMC	Below is Validea's guru fundamental report for AMC ENTERTAINMENT HOLDINGS INC (AMC). Of the 22 guru strategies we follow, AMC rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown. AMC ENTERTAINMENT HOLDINGS INC (AMC) is a small-cap growth stock in the Motion Pictures industry. The rating using this strategy is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. UNIVERSE: PASS NET PAYOUT YIELD: FAIL QUALITY AND DEBT: PASS VALUATION: FAIL RELATIVE STRENGTH: FAIL SHAREHOLDER YIELD: PASS Detailed Analysis of AMC ENTERTAINMENT HOLDINGS INC AMC Guru Analysis AMC Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-24	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips In 2023, AMC Entertainment (NYSE:AMC) navigated a tumultuous journey, witnessing a staggering year-to-date decline of over 60%. Despite these challenges, AMC’s narrative is not one of despair but rather a testament to its resilience, showcasing the company’s ability to overcome obstacles and, for AMC stock — new perspectives on the horizon. Examining AMC Entertainment’s options chain offers a compelling narrative of optimism amid market volatility. In the short term, the options activity reveals a distinct bullish stance. Calls with strike prices at $12, $15, and $17, expiring on October 27, witness significant demand, each boasting over a thousand contracts. Investors are betting on AMC’s shares reaching or surpassing these levels, indicating confidence in a favorable price movement. Conversely, put options activity, particularly at the $8.50 strike, highlights a more subdued volume. The dominance of calls over puts suggests an overarching optimism, indicating the market’s positive outlook for AMC stock’s future trajectory. AMC Stock Positive Drivers The company reported impressive revenue of $1.35 billion, reflecting a 15.6% increase from the previous year. Despite adversity, this growth showcases AMC’s ability to navigate a challenging market environment. Moreover, AMC recorded a net income of $8.6 million, further underscoring its strength and adaptability. The positive news extends to the broader entertainment landscape. In the third quarter, the domestic box office roared back to life, grossing approximately $2.64 billion. This figure represents a 37% surge compared to the previous year’s Q3 performance and falls just $165 million short of the last pre-pandemic Q3 in 2019. Bolstering AMC’s financial strength, the company raised an equity, amassing approximately $325 million. AMC’s recent earnings reports reveal a remarkable trend of surpassing earnings estimates. Over the past two quarters, the company has outperformed expectations by an average of 29.44%. In the most recent quarter, analysts anticipated earnings of $1.77 per share, but AMC delivered earnings of $2.02 per share, constituting a 14.12% surprise. The preceding quarter was even more impressive, with a substantial 44.75% earnings beat. Unique Movie Distribution Deals A significant part of this resurgence can be attributed to AMC’s strategic partnership with pop sensation Taylor Swift for the “Taylor Swift: Eras Tour” film. This collaboration sets the stage for future partnerships with popular artists, with rumors of an upcoming deal with Beyoncé generating excitement among investors. These unique movie distribution deals highlight the evolving nature of the entertainment industry and the potential for cinemas to remain relevant in an era of digital streaming. AMC’s ability to adapt and tap into new revenue streams through innovative distribution methods demonstrates its commitment to staying at the forefront of the industry. Factors To Consider AMC Entertainment Holdings finds itself at a critical juncture, with the coming release of its Q3 earnings report expected to shed light on AMC stock’s ongoing journey to recovery. Analysts’ estimates for the quarter indicate anticipation of a revenue of $1.23 billion and a loss per share of 27 cents. While this projection marks an improvement compared to Q3 2022, when the company reported a loss per share of $1.94 and revenue of $961 million, it also reflects the significant challenges AMC has faced. The company’s strategic collaborations with pop icons and the upcoming release of Beyoncé’s “Renaissance World Tour” movie demonstrate the innovative approach to leveraging popular culture. These endeavors hint at the potential for future AMC stock growth and unique revenue streams. While no investment is without risk, the company’s ability to adapt and surpass earnings expectations positions it well to seize emerging opportunities. The financial landscape is ever-evolving, and the journey of the AMC stock may hold more surprises, making it an intriguing candidate for investors looking for a millionaire-maker stock. On the date of publication, Julia Magas did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Julia Magas is a writer who covers the latest trends in finance and technology. Her work is published in a number of financial media outlets such as Nasdaq, Cointelegraph, Investing, SeekingAlpha, FXEmpire, and Beincrypto. She primarily covers cryptocurrency and blockchain technology with a focus on market performance, innovations and trends. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Could AMC Entertainment Be a Millionaire-Maker Stock? appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-24	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMC Entertainment (NYSE:AMC) is one of the most divisive stocks in the market today. On one side, legions of retail investors have passionately bought into the stock, fueling wild price swings and helping it become a poster child of the meme stock phenomenon. Conversely, traditional investors focusing on fundamentals have warned that the company’s deteriorating financials have put the stock on a dangerous long-term trajectory. So, could the AMC party finally be coming to an end? Let’s dive into this idea a bit deeper. AMC Stock: The Bull and the Bear Thesis Of course, AMC’s bull thesis is easy to understand. The theater chain has a massive retail investor following, with millions of people cheering the stock on regardless of underlying business performance. This built-in buyer base can create short-term pops in the share price, as we’ve routinely seen over the past couple of years. That said, betting on short-term retail-driven rallies is a risky endeavor. From a business perspective, AMC’s situation looks increasingly dire. The company has a massive $9.5 billion debt load and is still bleeding cash despite recent improvements. Its management team has also repeatedly put shareholders last, as evidenced by the recent APE stock fiasco that diluted existing shareholders. With all this in mind, I believe AMC heads lower over the long run. Lightning Won’t Strike Twice While GameStop (NYSE:GME) was an exceptional short-squeeze event, hoping this scenario will continue to repeat is unrealistic. It has been three years since the short-squeeze mania began, and the market’s appetite for such plays has diminished greatly. Much of this has to do with the shift from stimulus money and near-zero interest rates to interest rates at 5.5% and the threat of a recession. Naturally, some will dismiss bearish opinions on AMC as somehow conspiratorial. But the numbers speak for themselves. AMC’s short interest sits at just 8.7%, hardly the recipe for a sustained short squeeze. Revenue and attendance remain well below pre-pandemic levels despite an impressive box office recovery. And with sky-high interest rates, that huge debt pile will become even more burdensome as the company refinances its debt moving forward, or dilutes shareholders further to pay down its debt load. In my view, AMC’s management has pulled one rug too many from under shareholders. Constant dilution and transferring value away from common stockholders cannot be rewarded with investment dollars. Therefore, my take is that AMC is a “sell” here regardless of its potential for short-term pops. The stock appears trapped in a death spiral due to the company’s massive debt and inability to return to profitability. Of course, I could be wrong, but I believe retail investors should avoid putting new money into AMC stock. The Bottom Line While I understand AMC’s appeal to certain investors, its business trajectory looks highly unfavorable to me. With that said, every investor ultimately must make their own decisions. My perspective is that the AMC party is ending, and fundamentals will eventually matter. The stock seems like one to avoid for those focused on building long-term wealth through equity investment. Only time will tell, but I am firmly in the bear camp when it comes to the meme king AMC. On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMC Stock Warning: Is the Party Finally Over for the Meme King? appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-23	AMC	AMC Entertainment (AMC) closed the latest trading day at $9.16, indicating a +0.88% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.27%. The movie theater operator's stock has climbed by 19.16% in the past month, exceeding the Consumer Discretionary sector's loss of 5.37% and the S&P 500's loss of 3.95%. The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. The company is scheduled to release its earnings on November 8, 2023. It is anticipated that the company will report an EPS of -$0.31, marking an 84.5% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.21 billion, showing a 24.44% escalation compared to the year-ago quarter. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.84 per share and a revenue of $4.62 billion, representing changes of +69.46% and +18.09%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.74% upward. Right now, AMC Entertainment possesses a Zacks Rank of #1 (Strong Buy). The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 41% of all industries, numbering over 250. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-23	AMC	Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter. Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises. Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool. The Zacks Earnings ESP, Explained The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information. Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest. Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank. Should You Consider AMC Entertainment? Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. AMC Entertainment (AMC) earns a #1 (Strong Buy) right now and its Most Accurate Estimate sits at -$0.27 a share, just 16 days from its upcoming earnings release on November 8, 2023. AMC Entertainment's Earnings ESP sits at +13.82%, which, as explained above, is calculated by taking the percentage difference between the -$0.27 Most Accurate Estimate and the Zacks Consensus Estimate of -$0.31. AMC is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. AMC is one of just a large database of Consumer Discretionary stocks with positive ESPs. Another solid-looking stock is Las Vegas Sands (LVS). Las Vegas Sands, which is readying to report earnings on January 24, 2024, sits at a Zacks Rank #3 (Hold) right now. It's Most Accurate Estimate is currently $0.66 a share, and LVS is 93 days out from its next earnings report. For Las Vegas Sands, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.63 is +4.22%. Because both stocks hold a positive Earnings ESP, AMC and LVS could potentially post earnings beats in their next reports. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >> Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Las Vegas Sands Corp. (LVS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-20	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sometimes everyday life can tell you more about the economy than experts at the Federal Reserve or the Bureau of Labor Statistics. Home contractors stop getting calls, hairdressers have more open appointments in their books, and even dentist offices slow down. To Jared Dillian, author of The Daily Dirtnap, signs that the economy is slowing down are all around. In fact, he believes a recession is imminent. Most people can generally agree on the timeline of how we got here. In response to Covid-19, the Fed helped flood the market with liquidity. New retail investors entered the market thanks to stimulus checks and extra time at home. Equities shot higher, meme coins exploded, and grandmas started learning about Bitcoin (BTC-USD). Major indices hit their last high mark in January 2022. Then, things changed. As stocks were creeping higher, so too was inflation. Various readings showed increases in prices not seen since 1981, with everything from eggs to gas getting much more expensive. The Fed had to reverse course, enacting a rate-hiking cycle that has taken its benchmark rate to 5.5%. In carrying out its rate hikes, the Fed succeeded in cooling off the stock market. Investors have gone nearly two years without another new high, and Bitcoin is trading near $29,000. Only the most die-hard fans still support names like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC). What not everyone agrees on is the path forward from here. Dillian, a former Lehman Brothers trader turned daily newsletter writer, finds a calling in giving investors good, rational market advice. And now, that advice is to brace for impact… or at least a coming recession. “I collect a lot of anecdotal information from my subscribers and from people I talk to,” Dillian told InvestorPlace. I’m seeing a lot of signs of slowing that haven’t shown up in the data yet, that haven’t shown up in the Beige Book.” And the numbers that have shown up also contain warnings. An initial read of June’s payrolls report showed the economy adding 209,000 jobs. Later, that number was revised down to roughly 100,000. Student loan payments have resumed, threatening consumer spending. Supply chain problems that emerged in the early days of the pandemic have also reversed, leaving some retailers reeling with too much inventory. “Throughout the pandemic, we had a period of over-investment and mal-investment and money going places it shouldn’t,” Dillian said. “… A lot of people have been saying, ‘Where’s the recession?’ That’s a fair question to ask. But I think we pumped $3 trillion into the economy during the pandemic and it’s still sloshing around. I think that has prevented the recession from happening on time. There’s been a long delay, but it is going to happen.” What happens once it does? Dillian forecasts a mild to moderate recession, far less severe than 2008. However, he sees the bad news for investors getting worse. At the same time that Dillian and others call for a recession, some market commentators have declared we are in a new bull market. This optimism largely stems from artificial intelligence, with related companies like Nvidia (NASDAQ:NVDA) surging in 2023. NVDA alone is up 205% this year. But Dillian thinks on the whole, the stock market is just getting comfortable in a 10-year slump, one he traces back to the last new highs in January 2022. He points to historical examples where the market fell flat for 10 or more years at a time. Most recently, we experienced a decade of zero returns from 2000 to 2011. For investors, this means the path forward will be tough. Dillian also sees it as a call to diversify and learn how to invest the “right way” — so no more calls on GameStop. “Really, it is tough psychologically to keep investing and shoving money into the market when over the course of three, five, seven years you still haven’t made higher highs,” Dillian said. “After 10 years or however long, that will end. We’ll get another bull market and people will be totally under-invested.” To avoid this doom loop, Dillian is giving his subscribers some key recommendations. Diversify your portfolio, focus less on stocks (Dillian doesn’t own a single one), and look to asset classes that can outperform when the market stagnates. Specifically, he encourages investors to have a mix of bonds, commodities, gold, real estate and cash. If gold retakes its previous highs of $2,060 per ounce, he teases that it could run as high as $3,000. That’s part of the reason Dillian believes gold should be 20% of your portfolio. “Gold has certain properties as a diversifier that are not exhibited by any other asset classes. It’s very uncorrelated to anything else,” Dillian said. “When you add gold to a portfolio, you reduce the portfolio risk, which reduces the volatility. That’s the reason to own it.” So what about stocks? Is there room for the names investors know and love over the next eight or so years? Dillian isn’t so sure. “I [don’t] see a lot of opportunity in the [stock] market.” If you insist on buying up shares here or there, he has an extra warning against economically cyclical names and the Magnificent Seven. These companies, like Meta Platforms (NASDAQ:META) and Apple (NASDAQ:AAPL), have outperformed in 2023. Heading into a recession later in 2023 and beyond, Dillian said that trend is likely to reverse. With a potential 10-year slog ahead of us until the stock market comes roaring back, Dillian believes investors can keep their heads up and find opportunities in gold and other different asset classes. And for those still recovering from r/WallStreetBets losses, he says to pick up a book and start learning. “When I started to learn how to invest, it was 1998 and I was buying stocks like Philip Morris and Texaco. I built a portfolio and I did it the right way. That’s what people need to do [now].” On the date of publication, the InvestorPlace staff member responsible for this article did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Jared Dillian Is Bracing for a 10-Year Stock Market Slump. Here’s How to Prepare. appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-18	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips In a previous article, I highlighted how AMC Entertainment (NYSE:AMC) stock declined a whopping 13% on the same day a key catalyst in the form of Taylor Swift’s Eras Tour being brought to the big screen. In many respects, this price action may certainly be considered odd, in light of how staunch retail investor support has been for AMC stock in the past. Accordingly, with AMC appearing to have lost its meme stock status, investors appear to now be valuing this company on its fundamentals. In that regard, there’s much left to be desired when it comes to this theater chain. Let’s dive into what investors should be focusing on when it comes to AMC right now. Turbulence Is the Name of the Game for AMC What a ride it’s been for AMC stock this year. Following a court ruling allowing the company to convert its preferred equity units to common stock, AMC stock has since declined around 80%. However, this stock has bounced roughly 35% from its September lows, suggesting that some traders who have taken long positions in the struggling theater chain may be coming out ahead. This rise came as a result of some positive developments. AMC boosted cash reserves with a $325 million share issuance and formed a strategic partnership with Taylor Swift for a concert movie. This deal certainly has the potential to bring in significant profits. Furthermore, a recent deal ending a 5-month writers’ strike is expected to revive Hollywood productions and provide a substantial boost to the entertainment industry. That said, if AMC shares dropped by 80%, they’d need a 400% increase to recover. In simpler terms, the stock would have to grow four times its value to break even. Over the course of the year, AMC stock is still down nearly 70%. I think the company’s recent reverse split is worth paying attention to. Reverse splits can raise per-share prices but may signal financial challenges, leading to selling pressure and price drops. AMC’s reverse split may raise concerns about its financial health among investors, impacting its long-term outlook. AMC’s Is Burning Cash Fast AMC’s stock decline is due to its limited revenue growth and high debt load. The business model has been broken for years, predating the current CEO’s tenure. Additionally, AMC faces a challenging future with declining sales, competition from alternative viewing, and a substantial debt load of over $4.8 billion. Its Q1 sales were 21% lower than pre-pandemic levels, indicating a tough road to recovery in an evolving industry. In July, CEO Adam Aron emphasized the importance of AMC Entertainment’s ability to raise equity capital, despite a successful “Barbenheimer” at the box office and rising share prices. Aron’s concern is driven by potential delays due to strikes impacting scheduled movie releases in 2024 and 2025. AMC faces a growing financial risk, potentially running out of cash or struggling to refinance its debt by 2024-2025. This risk is not to be underestimated as demonstrated by Cineworld’s bankruptcy. AMC’s retail investors have been hesitant to authorize new share issuances, and APEs (AMC Preferred Equity units) introduced by Aron as an alternative have lost value, hampering fundraising efforts. Don’t Buy The Hype AMC had a rare winning week, up nearly 16% by October 6. This boost comes after AMC’s shares fell over 85% in a year. The recent optimism stems from the announcement of Beyoncé’s film, “Renaissance,” premiering in North American theaters on Dec. 1. However, it’s important to note that movie theaters operate on slim margins, generating income mainly from tickets, concessions and in-theater advertising. Just like InvestorPlace’s Will Ashworth noted, AMC stock’s decline is no secret. The company relies mainly on traditional movie exhibition for revenue, and its substantial debt won’t diminish without a sound business strategy. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMC’s Cash Burn Story Is Not Going to Have a Happy Ending appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-17	AMC	Fintel reports that on October 17, 2023, Roth MKM maintained coverage of AMC Entertainment Holdings Inc - (NYSE:AMC) with a Sell recommendation. Analyst Price Forecast Suggests 16.24% Upside As of October 5, 2023, the average one-year price target for AMC Entertainment Holdings Inc - is 10.85. The forecasts range from a low of 4.46 to a high of $19.95. The average price target represents an increase of 16.24% from its latest reported closing price of 9.33. See our leaderboard of companies with the largest price target upside. The projected annual revenue for AMC Entertainment Holdings Inc - is 4,784MM, an increase of 12.26%. The projected annual non-GAAP EPS is -0.38. For more in-depth coverage of AMC Entertainment Holdings Inc -, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 448 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is an increase of 4 owner(s) or 0.90% in the last quarter. Average portfolio weight of all funds dedicated to AMC is 0.25%, an increase of 60.64%. Total shares owned by institutions increased in the last three months by 9.56% to 152,130K shares. The put/call ratio of AMC is 0.45, indicating a bullish outlook. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,213K shares representing 8.17% ownership of the company. In it's prior filing, the firm reported owning 16,026K shares, representing an increase of 1.16%. The firm decreased its portfolio allocation in AMC by 18.02% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 13,404K shares representing 6.76% ownership of the company. In it's prior filing, the firm reported owning 13,548K shares, representing a decrease of 1.07%. The firm decreased its portfolio allocation in AMC by 17.33% over the last quarter. VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 9,280K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 9,515K shares, representing a decrease of 2.53%. The firm decreased its portfolio allocation in AMC by 17.07% over the last quarter. Geode Capital Management holds 7,372K shares representing 3.72% ownership of the company. In it's prior filing, the firm reported owning 7,165K shares, representing an increase of 2.81%. The firm decreased its portfolio allocation in AMC by 18.23% over the last quarter. VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 7,240K shares representing 3.65% ownership of the company. In it's prior filing, the firm reported owning 7,193K shares, representing an increase of 0.66%. The firm decreased its portfolio allocation in AMC by 15.67% over the last quarter. AMC Entertainment Holdings Background Information (This description is provided by the company.) AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-16	AMC	The latest trading session saw AMC Entertainment (AMC) ending at $9.33, denoting a -1.79% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 1.06%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 1.2%. The movie theater operator's stock has climbed by 13.64% in the past month, exceeding the Consumer Discretionary sector's loss of 3.55% and the S&P 500's loss of 3%. Investors will be eagerly watching for the performance of AMC Entertainment in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.41, showcasing a 79.5% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.18 billion, up 22.16% from the prior-year quarter. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$3.04 per share and a revenue of $4.6 billion, representing changes of +67.31% and +17.52%, respectively, from the prior year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for AMC Entertainment. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.6% rise in the Zacks Consensus EPS estimate. AMC Entertainment presently features a Zacks Rank of #2 (Buy). The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-16	AMC	LOS ANGELES, Oct 16 (Reuters) - Taylor Swift's concert film sold $123.5 million worth of tickets around the world over the weekend, slightly less than early box office estimates, distributor AMC Theatres AMC.N said on Monday. AMC had projected on Sunday that the global total for "Taylor Swift: The Eras Tour" would reach $126 million to $130 million in sales for shows from Thursday through Sunday. Roughly $92.8 million of the worldwide total came from the United States and Canada, AMC said, below the $95 million-plus predicted on Sunday. "The Eras Tour" still holds the record for the highest-grossing concert film in history. The previous record-holder, Justin Bieber's 2011 film "Never Say Never," collected $99 million worldwide over its entire run. The turnout for Swift's movie provided a welcome boost to cinemas facing a lackluster autumn slate after a strike by Hollywood actors prompted studios to delay titles such as "Dune: Part Two." (Reporting by Lisa Richwine; Editing by Rod Nickel) ((lisa.richwine@thomsonreuters.com; Follow me on Twitter @LARichwine; 1-424-434-7324; Reuters Messaging: lisa.richwine.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-13	AMC	Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings. The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa. Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter. The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate. Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure. In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest. Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank. Should You Consider Comcast? Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Comcast (CMCSA) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $0.97 a share, just 13 days from its upcoming earnings release on October 26, 2023. CMCSA has an Earnings ESP figure of +2.55%, which, as explained above, is calculated by taking the percentage difference between the $0.97 Most Accurate Estimate and the Zacks Consensus Estimate of $0.94. Comcast is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. CMCSA is one of just a large database of Consumer Discretionary stocks with positive ESPs. Another solid-looking stock is AMC Entertainment (AMC). Slated to report earnings on November 14, 2023, AMC Entertainment holds a #2 (Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is -$0.32 a share 32 days from its next quarterly update. The Zacks Consensus Estimate for AMC Entertainment is -$0.41, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +20.99%. CMCSA and AMC's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Comcast Corporation (CMCSA) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-13	AMC	The NASDAQ 100 Pre-Market Indicator is down -13.34 to 15,170.76. The total Pre-Market volume is currently 46,635,185 shares traded. The following are the most active stocks for the pre-market session: Applied Therapeutics, Inc. (APLT) is +0.17 at $2.45, with 5,752,024 shares traded. As reported by Zacks, the current mean recommendation for APLT is in the "strong buy range". ProShares UltraPro Short QQQ (SQQQ) is +0.14 at $18.73, with 4,669,796 shares traded. This represents a 14.35% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is -0.3 at $38.58, with 3,051,406 shares traded. This represents a 139.63% increase from its 52 Week Low. EHang Holdings Limited (EH) is +8.9 at $26.00, with 1,472,664 shares traded. As reported in the last short interest update the days to cover for EH is 20.331307; this calculation is based on the average trading volume of the stock. Invesco QQQ Trust, Series 1 (QQQ) is -0.95 at $368.98, with 964,811 shares traded. This represents a 45.12% increase from its 52 Week Low. JD.com, Inc. (JD) is -1.3 at $26.53, with 878,179 shares traded., following a 52-week high recorded in prior regular session. Tupperware Brands Corporation (TUP) is -0.24 at $2.31, with 763,405 shares traded. TUP's current last sale is 28.88% of the target price of $8. Palantir Technologies Inc. (PLTR) is -0.05 at $17.89, with 709,198 shares traded. PLTR's current last sale is 119.27% of the target price of $15. Bank of America Corporation (BAC) is +0.4 at $27.30, with 629,390 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $0.8. BAC is scheduled to provide an earnings report on 10/17/2023, for the fiscal quarter ending Sep2023. The consensus earnings per share forecast is 0.8 per share, which represents a 81 percent increase over the EPS one Year Ago NIO Inc. (NIO) is -0.03 at $8.41, with 395,469 shares traded. NIO's current last sale is 71.57% of the target price of $11.75. AMC Entertainment Holdings, Inc. (AMC) is -0.31 at $10.69, with 353,048 shares traded. AMC's current last sale is 106.9% of the target price of $10. J P Morgan Chase & Co (JPM) is +1.44 at $147.25, with 323,877 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $3.89. Smarter Analyst Reports: EVgo’s PlugShare Platform Crosses 1M Downloads in 2021 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-13	AMC	Movie theater chains, at least some, are reeling in the profits as audiences flock back. Cinemark Holdings Inc. (NYSE: CNK) pivoted back to profitability in the most recent quarter after suffering losses in most quarters since 2020. Imax Corp. (NYSE: IMAX) reported a profit in 2022, and the company is expected to show blockbuster growth of 662% this year, to 46 cents a share. Next year, that's expected to grow by another 44% to 66 cents a share. It probably isn't much of a surprise to anyone, but a laggard in the industry is perennial meme stock AMC Entertainment Holdings Inc. (NYSE: AMC) hasn't turned a profit since 2018, and analysts don't expect any change in the next two years. Cinemark is the Industry's Stock Price Leader When it comes to stock performance, Cinemark is the clear winner, advancing 113.05% year-to-date, although Imax has also posted a strong 2023 gain of 27.56%. AMC is down 70.98% this year. At this juncture, it's less of a movie theater company and more of a struggling financial instrument. However, for exposure to the movie-theater industry rebound, Cinemark and Imax are both worthy candidates to evaluate. In an August presentation for investors, Cinemark showed a steady recovery since the drop off a cliff in 2020. However, revenue isn't even close to being back to 2019 levels. The company credits the improvement for high levels of recliner seats, the addition of D-Box motion seats, expanded food and beverage offerings, its customer loyalty program and multi-channel marketing campaigns. Crushing Analysts' Views In the most recent quarter, Cinemark earned 80 cents a share on revenue of $942.30 million. That trounced views on the top and bottom lines, as you can see using MarketBeat's Cinemark earnings data. Highlights from the second-quarter earnings report included: Worldwide attendance increased 24% year-over-year, driven by a steady recovery of film volume and a diverse slate of high-quality films. Average ticket price increased 6% in the U.S. and 23% internationally, with currency values adjusted to account for exchange rates. Concession per capita increased by 11% in the U.S. and 27% internationally, with currency adjusted for exchange rates. Analysts expect Cinemark to post a profit this year and next. Debt is an important part of a real-estate heavy business like movie theaters, which, not incidentally, was suddenly clobbered. The company has also been refinancing its credit facility, securing a $650 million term loan maturing in 2030 and upsizing its revolving loan to $125 million, maturing in 2028. In many cases, a company's debt is not a prime consideration when considering a stock. However, if a company takes on a lot of debt and revenue drops sharply, that could be a problem. However, investors don't seem to believe that's a problem for Cinemark. Analysts See Upside to Cinemark A glimpse at MarketBeat's Cinemark analyst ratings shows a consensus view of "hold," with a price target of $19.06, an upside of 6.10%. The stock cleared a consolidation with a buy point above $18.85, rallied to a high of $19.85, then pulled back as other mid-caps also fell, underperforming the S&P 500. It's now trading almost 5% below its buy point, meaning it fell out of the buy range. However, support at its 50-day average indicates investors are holding shares rather than completely bailing out, as they have done with AMC. Imax, meanwhile, is forming a cup-with-handle base with a buy point north of $20.70. Shares closed at $18.03 on October 12, down 3.58%. Swifties for the Win One big development that could boost both Imax and Cinemark stock is the release of "Taylor Swift: The Eras Tour." The concert movie is expected to draw legions of Swift fans, known as Swifties, and theater chains say the timing couldn't be better, as the glow from summer hits "Barbie" and "Oppenheimer" has worn off. Imax CEO Richard Gelfond told Yahoo Finance that his company has seen huge demand before, but for big blockbusters, never for a concert film. The movie will show on at least 625 Imax screens in 45 markets internationally, including 377 in the U.S. Cinemark and AMC theaters will also show the film, so all three companies should get a solid revenue bounce. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-12	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips In today’s dynamic financial markets, stocks often search for momentum, sometimes in the most unlikely corners. Surprisingly, the spark for some stocks in need of a boost has been Taylor Swift’s Eras Tour. Instead of solely relying on global events or corporate earnings, financial analysts now have a pop sensation’s tour dates on their radar. Why, do you ask? Well, the numbers tell an interesting tale. For starters, Cincinnati alone witnessed an influx of $48 million from the tour. Furthermore, when we dive deeper, the entire Eras Tour stands tall with a projection to rake in $5 billion in US consumer spending. These figures not only underscore Swift’s entertainment prowess but also highlight her economic influence. Beyond the music, the ripple effect on local economies is significant. Hotels, for instance, are riding high on a wave of bookings. Similarly, restaurants are bustling with Swift’s fans. Given this captivating backdrop, let’s delve deeper into the intricate dance between pop culture and financial markets. As we embark on this exploration, it becomes increasingly clear that the line separating entertainment from economics is blurred. Dive with us into the world where melodies drive markets. And see how Taylor Swift’s harmonious influence resonates far beyond the stage. AMC Entertainment Holdings (AMC) Source: rblfmr / Shutterstock.com In the volatile world of stocks, AMC Entertainment Holdings (NYSE:AMC) presents a curious case for investors. Having witnessed a 66% drop year-to-date, AMC clearly faces challenges in the stock market. Yet, this situation underscores how swiftly the financial environment can shift. The company’s recent earnings reflect a silver lining amidst the gloom. Boasting a revenue of $1.35 billion, a rise of 15.6% from the previous year, and a net income of $8.6 million, AMC demonstrates resilience and adaptability in an ever-changing market. Diving deeper, the cinema mogul’s partnership with pop sensation Taylor Swift paints a promising picture. The overwhelming response to the “Taylor Swift: Eras Tour” film showcases AMC’s ability to stay relevant. Raking in over $100 million in advance ticket sales, this collaboration stands as a testament to AMC’s innovative approach to leveraging popular culture for business growth. And as whispers spread about Beyoncé being the next star attraction at AMC theaters, the potential for future collaborations seems endless. AT&T (T) Source: Jonathan Weiss/Shutterstock Amidst the market tumult, AT&T (NYSE:T) emerges as a curious enigma for keen-eyed investors. With a year-to-date loss of 21%, one might hastily tag it among stocks in trouble, but a deeper dive paints a brighter picture. Infused with creativity, AT&T unveiled an innovative 5G-connected football helmet specifically crafted to enhance communication between deaf players and their coaches. This showcases their dedication to inclusiveness and forward-thinking. As they champion technological advancements, the company doesn’t shy away from bold business decisions either. The buzz around the corridors of Wall Street suggests AT&T is contemplating a strategic pivot, weighing the divestiture of its stake in DirecTV and mulling over a potential sale of its collaboration with TPG (NASDAQ:TPG). And for those with an eye on the financials, AT&T is serving up some enticing numbers. Sporting an impressive 7.68% annual dividend yield, shareholders have something to cheer about with a quarterly dividend payout of 28 cents. All things considered, AT&T appears poised to demonstrate a sturdy rebound. Its strategic moves and involvement in events that generate substantial buzz signal that AT&T is not only back on the right track but also offers a tempting dividend yield to spruce up one’s portfolio. The takeaway? While AT&T navigates its course amidst market chaos, it’s definitely one stock to watch. IMAX (IMAX) Source: imageAllan / Shutterstock.com In the ever-evolving world of cinema, IMAX (NYSE:IMAX) stands out as a beacon of potential. Despite a slight setback of a 10% loss over the past six months, it’s important to remember the forest for the trees. When looking at its Q2 2023 earnings, the firm showed strength. Revenues jumped to $98 million. This marked a 32.5% year-on-year growth. Net income grew by a staggering 392.9% to reach $8.4 million. These figures suggest a company rebounding strongly. Recent headliners such as “Barbie” and “Oppenheimer” electrified the summer box office. Add to the mix the news of cinema stocks soaring with the release of a Taylor Swift tour movie, and IMAX’s horizon looks even brighter. Furthermore, IMAX’s expansion of its Stream Smart technology spans Europe, Asia, and Australia. Coupled with a keen eye on the lucrative Chinese market, this signals a firm positioning itself for global dominance. In conclusion, some might be quick to tag stocks like IMAX as “in need of a boost” or perhaps even “in trouble” based on short-term performance. However, a detailed look reveals a different story. IMAX has many advantages and strategic plans. It’s not just recovering; it’s preparing for a cinematic rebirth. On the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks That Could Get a Big Taylor Swift Boost appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-12	AMC	By Lisa Richwine LOS ANGELES, Oct 11 (Reuters) - Pop superstar Taylor Swift premiered her Eras Tour concert film in front of fans and celebrities on Wednesday, shortly after announcing that the movie would debut a day early because of "unprecedented" ticket demand. "Taylor Swift: The Eras Tour" was set to open in theaters worldwide on Friday, but high interest prompted Swift to add earlier screenings in some markets. "Look what you genuinely made me do: Due to unprecedented demand we're opening up early access showings of The Eras Tour Concert Film on THURSDAY in America and Canada!!" the "Anti-Hero" singer wrote on social media. Additional showtimes also were being added for the weekend, Swift said. Late, Swift stepped on to a red carpet in a strapless pale blue gown for the film's world premiere. She posed for selfies with fans who scored a seat in one of thirteen auditoriums in an AMC Theatre at an outdoor mall in Los Angeles. Scattered in the crowd were celebrities including comedian Adam Sandler, "Law & Order" actor Mariska Hargitay and "Barbie" star Simu Liu, who was wearing friendship bracelets on his wrist like many of Swift's fans. Pop superstar Beyonce also was in attendance, according to a photo posted by Swift on social media. Inside the theater, Swift thanked fans for supporting the Eras Tour, which has sold out stadiums around the world. She applauded "the amount of care and preparation and passion that you put in, the intensity that you put into coming to these shows". "I've never had this much fun in my life as I had at the Eras Tour," she said. Ticket sales for Swift's movie, which is being distributed by AMC Theatres AMC.N, are expected to set records for a concert film, and industry analysts have been upping their forecasts. Box Office Pro projects the movie with take in between $105 million and $140 million in the United States and Canada over its opening weekend. (Reporting by Lisa Richwine; editing by Miral Fahmy) ((lisa.richwine@thomsonreuters.com; Follow me on X @LARichwine; 1-424-434-7324; Reuters Messaging: lisa.richwine.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-11	AMC	Oct 11 (Reuters) - Taylor Swift, the cultural juggernaut known for shattering records, said on Wednesday that the documentary film from her billion-dollar Eras concert tour will offer one-day early-access showings in the U.S. and Canada. "Look what you genuinely made me do," the "Anti-Hero" singer wrote on the social media platform X. "Due to unprecedented demand we're opening up early access showings of The Eras Tour Concert Film on Thursday in America and Canada. We're also adding additional showtimes Friday and throughout the weekend," Swift said. Previously, Swift had said the movie, "Taylor Swift: The Eras Tour," would only be released in North America, but it was later announced that it would be screened worldwide. The film provides movie theater chains such as AMC Entertainment AMC.N, Cineplex CGX.TO and Cinemark CNK.N with a high-profile title to help fill gaps caused by the actors' and writers' strikes in Hollywood. Last week, AMC's shares rose 11% after the company said that advance ticket sales for the concert film had topped $100 million globally. (Reporting by Baranjot Kaur in Bengaluru; Editing by Leslie Adler) ((Baranjot.Kaur@thomsonreuters.com; +91 86990 46242;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-10	AMC	Investors often opt for a stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for growth. But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of AMC Entertainment AMC, Yum Brands YUM, Inter Parfums IPAR, TripAdvisor TRIP and Sera Prognostics SERA. Rising P/E: A Useful Tool The concept is that as earnings rise, so should the price of the stock. As forecasts for expected earnings come in higher, strong demand for the stock should continue to push up its prices. After all, astock's P/E gives an indication of how much investors are ready to shell out per dollar of earnings. Suppose an investor wants to buy a stock with a P/E ratio of 30. This means that he is willing to shell out $30 for only $1 worth of earnings as he expects the earnings of the company to rise at a faster pace in the future owing to strong fundamentals. So, if the P/E of a stock is rising steadily, it means that investors are assured of its inherent strength and expect some strong positives out of it. Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains. Winning Strategy In order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters. EPS growth estimate for the current year is greater than or equal to last year’s actual growth Percentage change in last year EPS should be greater than or equal zero (These two criteria point to flat earnings or a growth trend over the years.) Percentage change in price over four weeks greater than the percentage change in price over 12 weeks Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks (These two criteria show that price of the stock is increasing consistently over the said timeframes.) Percentage price change for four weeks relative to the S&P 500 greater than the percentage price change for 12 weeks relative to the S&P 500 Percentage price change for 12 weeks relative to the S&P 500 greater than the percentage price change for 24 weeks relative to the S&P 500 (Here, the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500.) Percentage price change for 12 weeks is 20% higher than or equal to the percentage price change for 24 weeks, but it should not exceed 100% (A 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and the stock might be due for a reversal.) In addition, we place a few other criteria that lead us to some likely outperformers. Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) can get through. Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity. Just these few criteria narrowed down the universe from over 7,700 stocks to just 64. Here are five out of the 64 stocks: AMC Entertainment: The Zacks Rank #2 operates as a theatrical exhibition company primarily in the United States and internationally. You can see the complete list of today’s Zacks #1 Rank stocks here. The average earnings surprise of AMC for the past four quarters is 44.22%. Yum Brands: The Zacks Rank #2 company is the global leader in multi-branding and offers consumers more choice and convenience at one outlet. The average earnings surprise of YUM for the past four quarters is 2.01%. Inter Parfums: This Zacks Rank #2 company is engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products. The average earnings surprise of IPAR for the past four quarters is 45.87%. TripAdvisor: This is one of the largest online travel research companies in the world. Currently, TRIP carries a Zacks Rank #2. The average earnings surprise of TRIP for the past four quarters is 62.59%. Sera Prognostics: This Zacks Rank #2 company is engaged in women's health diagnostics. The average earnings surprise of SERA for the past four quarters is 10.39%. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Yum! Brands, Inc. (YUM) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Sera Prognostics, Inc. (SERA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-06	AMC	December S&P 500 futures (ESZ23) are trending up +0.25% this morning as market participants looked ahead to the crucial monthly U.S. nonfarm payrolls report for clues on the Federal Reserve’s interest rate path. In Thursday’s trading session, Wall Street’s major indices closed in the red. Rivian Automotive Inc (RIVN) tumbled over -22% after the EV maker said it intends to offer $1.5 billion of green convertible senior notes due 2030. Also, beverage stocks retreated, with PepsiCo Inc (PEP) falling more than -5% and Coca-Cola Co (KO) dropping over -4%. In addition, Clorox Co (CLX) plunged more than -5% following the announcement that a cybersecurity attack, which it had revealed in September, would have a significant impact on the company’s Q1 results. On the bullish side, Lamb Weston Holdings Inc (LW) climbed about +8% and was the top percentage gainer on the benchmark S&P 500 after the frozen potato giant reported upbeat Q1 results and raised its FY24 guidance. The Labor Department’s report on Thursday showed claims for state unemployment benefits rose moderately to 207K last week, stronger than expectations of 210K. Also, the U.S. August trade deficit narrowed to a 3-year low of -$58.30 billion, stronger than expectations of -$62.30 billion. “For now, labor market conditions are still easing without a significant rise in unemployment. Fed officials will need to see further softening in the September employment report and beyond to prevent them from raising rates one more time this year,” said Michael Pearce, lead U.S. economist at Oxford Economics. Meanwhile, San Francisco Fed President Mary Daly said Thursday that should the labor market and inflation continue to show signs of slowing, or if financial conditions remain tight, policymakers could hold interest rates steady. “Importantly, even if we hold rates where they are today, the policy will grow increasingly restrictive as inflation and inflation expectations fall,” Daly said. U.S. rate futures have priced in an 18.5% probability of a 25 basis point rate hike at the November FOMC meeting and a 31.9% chance of a 25 basis point rate increase at the conclusion of the Fed’s December meeting. Today, all eyes are focused on U.S. Nonfarm Payrolls data in a couple of hours. Economists, on average, forecast that September Nonfarm Payrolls will come in at 170K, compared to the previous value of 187K. Also, investors will likely focus on U.S. Private Nonfarm Payrolls data, which stood at 179K in August. Economists foresee the new figure to be 160K. U.S. Average Hourly Earnings data will also be closely watched today. Economists expect September’s figures to be +0.3% m/m and +4.3% y/y, compared to the previous numbers of +0.2% m/m and +4.3% y/y. U.S. Unemployment Rate will be reported today as well. Economists foresee this figure to stand at 3.7% in September, compared to the previous value of 3.8%. In the bond markets, United States 10-year rates are at 4.734%, up +0.42%. The Euro Stoxx 50 futures are up +0.85% this morning as investors geared up for a U.S. payrolls report. Gains in insurance stocks are leading the overall market higher. Also, mining stocks gained ground after news that a Chinese iron-ore buying agency was in talks with international suppliers. The Federal Statistics Office said Friday that German manufacturing orders rose more than expected in August, primarily driven by a robust increase in the computer, electronic, and optical products sector. Meanwhile, Goldman Sachs anticipates a rebound of economic growth in the euro area, projecting it to reach 1.25%-1.50% in 2024, which is more than twice their forecast of about 0.5% for this year’s growth. In corporate news, Adyen (ADYEN.NA) rose over +3% after TD Cowen initiated coverage of the stock with a Market Perform rating. U.K.’s Halifax House Price Index and Germany’s Factory Orders data were released today. U.K. September Halifax House Price Index has been reported at -0.4% m/m, stronger than expectations of -0.8% m/m. The German August Factory Orders stood at +3.9% m/m, stronger than expectations of +1.8% m/m. Japan’s Nikkei 225 Stock Index (NIK) closed down -0.26%, while the Chinese market was closed for the week-long Golden Week holidays. Japan’s Nikkei 225 Stock Index closed slightly lower today as investors hesitated to make big bets ahead of key U.S. jobs data. Losses in energy and technology stocks led the overall market lower. Government data showed on Friday that Japanese household spending fell in August from a year earlier, marking the sixth consecutive month of decreases. Meanwhile, Kazuo Momma, a former Bank of Japan official who now serves as an executive economist at Mizuho Research & Technologies, said that Bank of Japan board members would likely discuss whether to tweak forward guidance and yield curve control during their meeting this month. In corporate news, Monex Group climbed over +2% after surging to its daily upper limit in the previous session, as the online brokerage firm entered into a capital alliance with mobile phone operator NTT Docomo. On the negative side, Onward Holdings plunged more than -5% even after the apparel group boosted its full-year profit guidance and raised dividend payouts. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed down -1.78% to 20.47. The Japanese August Household Spending came in at +3.9% m/m and -2.5% y/y, stronger than expectations of +0.9% m/m and -4.3% y/y. Pre-Market U.S. Stock Movers Tesla Inc (TSLA) fell over -1% in pre-market trading after the company cut prices of its Model 3 and Model Y vehicles in the U.S. by about 2.7% to 4.2%. Pioneer Natural Resources Co (PXD) soared about +11% in pre-market trading after the Wall Street Journal reported that Exxon Mobil was nearing a deal to acquire the company for about $60 billion. AMC Entertainment Holdings Inc (AMC) rose more than +2% in pre-market trading after the company said Taylor Swift’s Eras Tour concert film had crossed $100 million in global advance ticket sales. The AES Corporation (AES) dropped about -1% in pre-market trading after UBS downgraded the stock to Neutral from Buy. ELF Beauty Inc (ELF) gained more than +2% in pre-market trading after Jefferies upgraded the stock to Buy from Hold. Levi Strauss & Co (LEVI) slid over -1% in pre-market trading after the apparel seller reported downbeat Q3 results and lowered its FY23 revenue growth forecast. You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Friday - October 6th Lifecore Biomedical (LFCR), Trilogy Metals (TMQ), Rite Aid (RAD). More Stock Market News from Barchart For US Stock Indexes, is it 1987 All Over Again? Stocks End Slightly Lower Ahead of Friday’s Monthly U.S. Payroll Report Here's One of the Best AI Growth Stocks to Own Right Now Amazon Stock: 3 Reasons Why the 13% Pullback Looks Like a Great Buying Opportunity On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-06	AMC	By Dawn Chmielewski and Lisa Richwine LOS ANGELES, Oct 6 (Reuters) - Cultural juggernaut Taylor Swift packed stadiums on her concert tour, made voting cool again by urging her fans to do their civic duty and had teenage girls tuning in to professional football games to see her cheer from the stands. In her next act, Swift is poised to lift another corner of the economy: a movie box office still trying to recover from the pandemic and Hollywood strikes. When "Taylor Swift: The Eras Tour" hits movie theaters on Oct. 13, it will serve as a high-profile test of whether such "alternative content" as a concert film can bring audiences to cinemas, creating more consistency for a business that ebbs and flows with the theatrical release calendar. Swift’s film could bring in $120 million in its opening weekend, according to box office analysts and studio executives, delivering a jolt to ticket sales for AMC Theatres AMC.N, Cineworld CINE.D and other chains. But the vaunted Taylor Swift effect, together with a concert film from fellow pop superstar Beyonce, may not completely make up for holes created by Hollywood strikes. The labor unrest has interrupted the movie industry’s comeback, stalling momentum from summer hits such as “Spider-Man: Across the Spider-Verse,” “Barbie” and “Oppenheimer” ahead of the crucial holiday season, which accounts for roughly one-quarter of the industry’s annual box office revenue, according to research firm Comscore. “Swift and Beyonce will certainly fill some of the gaps,” said Box Office Pro senior analyst Shawn Robbins. “Still, it's probably asking too much for those titles alone to completely make up for the revenue of 'Dune: Part 2,' 'Kraven the Hunter,' and the next 'Ghostbusters.'” All three of those anticipated films were moved to 2024 because their stars cannot promote their movies while the SAG-AFTRA actors union remains on strike. After studios postponed those releases, theater owners scrambled to fill their screens with what the industry calls “alternative content,” such as the concert films from Swift and Beyonce’s Renaissance Tour. BLOCKBUSTER SALES Advance sales for "Taylor Swift: The Eras Tour" are on pace with a Star Wars or Marvel blockbuster. Box office analysts expect the documentary to take in between $150 million and $225 million over its theatrical run in the United States and Canada. "Renaissance: A Film by Beyonce," hitting theaters in December, is expected to bring in $75 million in ticket sales. “We’ve been talking about alternative programming for a long time,” said Rolando Rodriguez, chairman of the National Association of Theatre Owners, noting that exhibitors have shown other forms of entertainment, such as opera. “But there's no question that the Eras Tour with Taylor Swift has really launched that into a new atmosphere. Beyoncé will take it to the next level." The announcement of Swift’s movie “was a huge unexpected surprise,” said Brock Bagby, executive vice president for Missouri-based B&B Theatres, the fifth-largest U.S. theater chain with 529 screens in 14 states. Cinemas are aiming to turn the film, which will run Thursdays through Sundays, into an event. B&B Theatres will be rolling out pink carpets, setting up photo booths and encouraging fans to dance during the screening. Still, there is only so much Swift and Queen Bey can do. Despite a strong November line-up with "The Marvels," "Trolls Band Together" and a "Hunger Games" prequel, the Christmas slate looks thin compared to recent years. Two studio executives noted the lack of an obvious December blockbuster on the scale of “Avatar: The Way of Water,” which was the highest-grossing film of 2022, or the 2021 hit “Spider-Man: No Way Home.” At the start of the year, box office tracker Bruce Nash had expected 2023 domestic ticket sales to reach $10 billion. "The strike put an end to that," Nash said. He has slashed his 2023 forecast to roughly $9.6 billion, 32% higher than last year but 16% below the pre-pandemic proceeds of $11.4 billion in 2019. A lingering concern among theater owners is that the SAG-AFTRA strike will disrupt next year's film slate. Even if major studios and actors reach an agreement by Thanksgiving, productions likely will not resume until January because of the holidays. That would crimp the flow of new movies into theaters next year. "We just have a lot of uncertainty around the film slate," said B. Riley analyst Eric Wold, adding that detangling actors' packed schedules will pose a challenge. "There's going to be more risk that stuff that had not been completed, that was scheduled for release next year, will have to shift." The talks came eight days after the producers clinched a separate contract deal with Hollywood writers, who launched their own strike on May 2, about 10 weeks before the actors. Wedbush Securities analysts said they believe near-term damage from the strikes will be limited if actors reach a deal this month, and the impact on the 2024 release slate in that case "will likely be mild." (Reporting by Dawn Chnmielewski and Lisa Richwine in Los Angeles; Editing by Kenneth Li and Mark Porter in New York) ((lisa.richwine@thomsonreuters.com; Follow me on Twitter @LARichwine; 1-424-434-7324; Reuters Messaging: lisa.richwine.thomsonreuters.com@reuters.net/)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-06	AMC	December S&P 500 futures (ESZ23) are trending up +0.05% this morning as market participants looked ahead to the crucial monthly U.S. nonfarm payrolls report for clues on the Federal Reserve’s interest rate path. In Thursday’s trading session, Wall Street’s major indices closed in the red. Rivian Automotive Inc (RIVN) tumbled over -22% after the EV maker said it intends to offer $1.5 billion of green convertible senior notes due 2030. Also, beverage stocks retreated, with PepsiCo Inc (PEP) falling more than -5% and Coca-Cola Co (KO) dropping over -4%. In addition, Clorox Co (CLX) plunged more than -5% following the announcement that a cybersecurity attack, which it had revealed in September, would have a significant impact on the company’s Q1 results. On the bullish side, Lamb Weston Holdings Inc (LW) climbed about +8% and was the top percentage gainer on the benchmark S&P 500 after the frozen potato giant reported upbeat Q1 results and raised its FY24 guidance. The Labor Department’s report on Thursday showed claims for state unemployment benefits rose moderately to 207K last week, stronger than expectations of 210K. Also, the U.S. August trade deficit narrowed to a 3-year low of -$58.30 billion, stronger than expectations of -$62.30 billion. “For now, labor market conditions are still easing without a significant rise in unemployment. Fed officials will need to see further softening in the September employment report and beyond to prevent them from raising rates one more time this year,” said Michael Pearce, lead U.S. economist at Oxford Economics. Meanwhile, San Francisco Fed President Mary Daly said Thursday that should the labor market and inflation continue to show signs of slowing, or if financial conditions remain tight, policymakers could hold interest rates steady. “Importantly, even if we hold rates where they are today, the policy will grow increasingly restrictive as inflation and inflation expectations fall,” Daly said. U.S. rate futures have priced in an 18.5% probability of a 25 basis point rate hike at the November FOMC meeting and a 31.9% chance of a 25 basis point rate increase at the conclusion of the Fed’s December meeting. Today, all eyes are focused on U.S. Nonfarm Payrolls data in a couple of hours. Economists, on average, forecast that September Nonfarm Payrolls will come in at 170K, compared to the previous value of 187K. Also, investors will likely focus on U.S. Private Nonfarm Payrolls data, which stood at 179K in August. Economists foresee the new figure to be 160K. U.S. Average Hourly Earnings data will also be closely watched today. Economists expect September’s figures to be +0.3% m/m and +4.3% y/y, compared to the previous numbers of +0.2% m/m and +4.3% y/y. U.S. Unemployment Rate will be reported today as well. Economists foresee this figure to stand at 3.7% in September, compared to the previous value of 3.8%. In the bond markets, United States 10-year rates are at 4.734%, up +0.42%. The Euro Stoxx 50 futures are up +0.44% this morning as investors geared up for a U.S. payrolls report. Gains in mining stocks are leading the overall market higher after news that a Chinese iron-ore buying agency was in talks with international suppliers. The Federal Statistics Office said Friday that German manufacturing orders rose more than expected in August, primarily driven by a robust increase in the computer, electronic, and optical products sector. Meanwhile, Goldman Sachs anticipates a rebound of economic growth in the euro area, projecting it to reach 1.25%-1.50% in 2024, which is more than twice their forecast of about 0.5% for this year’s growth. In corporate news, Adyen (ADYEN.NA) rose over +3% after TD Cowen initiated coverage of the stock with a Market Perform rating. U.K.’s Halifax House Price Index and Germany’s Factory Orders data were released today. U.K. September Halifax House Price Index has been reported at -0.4% m/m, stronger than expectations of -0.8% m/m. The German August Factory Orders stood at +3.9% m/m, stronger than expectations of +1.8% m/m. Japan’s Nikkei 225 Stock Index (NIK) closed down -0.26%, while the Chinese market was closed for the week-long Golden Week holidays. Japan’s Nikkei 225 Stock Index closed slightly lower today as investors hesitated to make big bets ahead of key U.S. jobs data. Losses in energy and technology stocks led the overall market lower. Government data showed on Friday that Japanese household spending fell in August from a year earlier, marking the sixth consecutive month of decreases. Meanwhile, Kazuo Momma, a former Bank of Japan official who now serves as an executive economist at Mizuho Research & Technologies, said that Bank of Japan board members would likely discuss whether to tweak forward guidance and yield curve control during their meeting this month. In corporate news, Monex Group climbed over +2% after surging to its daily upper limit in the previous session, as the online brokerage firm entered into a capital alliance with mobile phone operator NTT Docomo. On the negative side, Onward Holdings plunged more than -5% even after the apparel group boosted its full-year profit guidance and raised dividend payouts. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed down -1.78% to 20.47. The Japanese August Household Spending came in at +3.9% m/m and -2.5% y/y, stronger than expectations of +0.9% m/m and -4.3% y/y. Pre-Market U.S. Stock Movers Tesla Inc (TSLA) fell over -1% in pre-market trading after the company cut prices of its Model 3 and Model Y vehicles in the U.S. by about 2.7% to 4.2%. Pioneer Natural Resources Co (PXD) soared about +11% in pre-market trading after the Wall Street Journal reported that Exxon Mobil was nearing a deal to acquire the company for about $60 billion. AMC Entertainment Holdings Inc (AMC) rose more than +1% in pre-market trading after the company said Taylor Swift’s Eras Tour concert film had crossed $100M in global advance ticket sales. The AES Corporation (AES) dropped about -1% in pre-market trading after UBS downgraded the stock to Neutral from Buy. ELF Beauty Inc (ELF) gained more than +2% in pre-market trading after Jefferies upgraded the stock to Buy from Hold. Levi Strauss & Co (LEVI) slid over -1% in pre-market trading after the apparel seller reported downbeat Q3 results and lowered its FY23 revenue growth forecast. You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Friday - October 6th Lifecore Biomedical (LFCR), Trilogy Metals (TMQ), Rite Aid (RAD). More Stock Market News from Barchart For US Stock Indexes, is it 1987 All Over Again? Stocks End Slightly Lower Ahead of Friday’s Monthly U.S. Payroll Report Here's One of the Best AI Growth Stocks to Own Right Now Amazon Stock: 3 Reasons Why the 13% Pullback Looks Like a Great Buying Opportunity On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-06	AMC	December S&P 500 futures (ESZ23) are trending up +0.05% this morning as market participants looked ahead to the crucial monthly U.S. nonfarm payrolls report for clues on the Federal Reserve’s interest rate path. In Thursday’s trading session, Wall Street’s major indices closed in the red. Rivian Automotive Inc (RIVN) tumbled over -22% after the EV maker said it intends to offer $1.5 billion of green convertible senior notes due 2030. Also, beverage stocks retreated, with PepsiCo Inc (PEP) falling more than -5% and Coca-Cola Co (KO) dropping over -4%. In addition, Clorox Co (CLX) plunged more than -5% following the announcement that a cybersecurity attack, which it had revealed in September, would have a significant impact on the company’s Q1 results. On the bullish side, Lamb Weston Holdings Inc (LW) climbed about +8% and was the top percentage gainer on the benchmark S&P 500 after the frozen potato giant reported upbeat Q1 results and raised its FY24 guidance. The Labor Department’s report on Thursday showed claims for state unemployment benefits rose moderately to 207K last week, stronger than expectations of 210K. Also, the U.S. August trade deficit narrowed to a 3-year low of -$58.30 billion, stronger than expectations of -$62.30 billion. “For now, labor market conditions are still easing without a significant rise in unemployment. Fed officials will need to see further softening in the September employment report and beyond to prevent them from raising rates one more time this year,” said Michael Pearce, lead U.S. economist at Oxford Economics. Meanwhile, San Francisco Fed President Mary Daly said Thursday that should the labor market and inflation continue to show signs of slowing, or if financial conditions remain tight, policymakers could hold interest rates steady. “Importantly, even if we hold rates where they are today, the policy will grow increasingly restrictive as inflation and inflation expectations fall,” Daly said. U.S. rate futures have priced in an 18.5% probability of a 25 basis point rate hike at the November FOMC meeting and a 31.9% chance of a 25 basis point rate increase at the conclusion of the Fed’s December meeting. Today, all eyes are focused on U.S. Nonfarm Payrolls data in a couple of hours. Economists, on average, forecast that September Nonfarm Payrolls will come in at 170K, compared to the previous value of 187K. Also, investors will likely focus on U.S. Private Nonfarm Payrolls data, which stood at 179K in August. Economists foresee the new figure to be 160K. U.S. Average Hourly Earnings data will also be closely watched today. Economists expect September’s figures to be +0.3% m/m and +4.3% y/y, compared to the previous numbers of +0.2% m/m and +4.3% y/y. U.S. Unemployment Rate will be reported today as well. Economists foresee this figure to stand at 3.7% in September, compared to the previous value of 3.8%. In the bond markets, United States 10-year rates are at 4.734%, up +0.42%. The Euro Stoxx 50 futures are up +0.44% this morning as investors geared up for a U.S. payrolls report. Gains in mining stocks are leading the overall market higher after news that a Chinese iron-ore buying agency was in talks with international suppliers. The Federal Statistics Office said Friday that German manufacturing orders rose more than expected in August, primarily driven by a robust increase in the computer, electronic, and optical products sector. Meanwhile, Goldman Sachs anticipates a rebound of economic growth in the euro area, projecting it to reach 1.25%-1.50% in 2024, which is more than twice their forecast of about 0.5% for this year’s growth. In corporate news, Adyen (ADYEN.NA) rose over +3% after TD Cowen initiated coverage of the stock with a Market Perform rating. U.K.’s Halifax House Price Index and Germany’s Factory Orders data were released today. U.K. September Halifax House Price Index has been reported at -0.4% m/m, stronger than expectations of -0.8% m/m. The German August Factory Orders stood at +3.9% m/m, stronger than expectations of +1.8% m/m. Japan’s Nikkei 225 Stock Index (NIK) closed down -0.26%, while the Chinese market was closed for the week-long Golden Week holidays. Japan’s Nikkei 225 Stock Index closed slightly lower today as investors hesitated to make big bets ahead of key U.S. jobs data. Losses in energy and technology stocks led the overall market lower. Government data showed on Friday that Japanese household spending fell in August from a year earlier, marking the sixth consecutive month of decreases. Meanwhile, Kazuo Momma, a former Bank of Japan official who now serves as an executive economist at Mizuho Research & Technologies, said that Bank of Japan board members would likely discuss whether to tweak forward guidance and yield curve control during their meeting this month. In corporate news, Monex Group climbed over +2% after surging to its daily upper limit in the previous session, as the online brokerage firm entered into a capital alliance with mobile phone operator NTT Docomo. On the negative side, Onward Holdings plunged more than -5% even after the apparel group boosted its full-year profit guidance and raised dividend payouts. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed down -1.78% to 20.47. The Japanese August Household Spending came in at +3.9% m/m and -2.5% y/y, stronger than expectations of +0.9% m/m and -4.3% y/y. Pre-Market U.S. Stock Movers Tesla Inc (TSLA) fell over -1% in pre-market trading after the company cut prices of its Model 3 and Model Y vehicles in the U.S. by about 2.7% to 4.2%. Pioneer Natural Resources Co (PXD) soared about +11% in pre-market trading after the Wall Street Journal reported that Exxon Mobil was nearing a deal to acquire the company for about $60 billion. AMC Entertainment Holdings Inc (AMC) rose more than +1% in pre-market trading after the company said Taylor Swift’s Eras Tour concert film had crossed $100M in global advance ticket sales. The AES Corporation (AES) dropped about -1% in pre-market trading after UBS downgraded the stock to Neutral from Buy. ELF Beauty Inc (ELF) gained more than +2% in pre-market trading after Jefferies upgraded the stock to Buy from Hold. Levi Strauss & Co (LEVI) slid over -1% in pre-market trading after the apparel seller reported downbeat Q3 results and lowered its FY23 revenue growth forecast. You can see more pre-market stock movers here Today’s U.S. Earnings Spotlight: Friday - October 6th Lifecore Biomedical (LFCR), Trilogy Metals (TMQ), Rite Aid (RAD). More Stock Market News from Barchart For US Stock Indexes, is it 1987 All Over Again? Stocks End Slightly Lower Ahead of Friday’s Monthly U.S. Payroll Report Here's One of the Best AI Growth Stocks to Own Right Now Amazon Stock: 3 Reasons Why the 13% Pullback Looks Like a Great Buying Opportunity On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-05	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMC Entertainment (NYSE:AMC) stock is providing lots of entertainment, but not necessarily in its theaters. If you can’t beat ’em, is now the time to join ’em? Indeed, considering short sellers’ profit margins in recent years relative to those with long positions on AMC stock, it’s clear who’s ultimately winning this war. An impressive meme stock surge in mid-2021 led to AMC stock surging to incredible highs. Many short sellers were wiped out because of this parabolic move, with retail investors reaping profits from a series of surges that year, which continued to hit short sellers hard. However, with the stock now down more than 98% from its peak, and the company forced to reverse split its stock to stay listed, this is a company on some seriously negative financial footing. Here’s why I think AMC remains a top short idea right now. Financials Haven’t Improved Plenty of retail investors, and those bullish on a post-pandemic resurgence in AMC and other theater chains, have pointed to a pathway to profitability as the bullish investment thesis for this sector. For AMC, a company that’s still producing massive losses, this profitability hasn’t materialized. In fact, it appears the company may never be profitable, given we’re likely through the post-pandemic spending splurge that sent so many travel and leisure stocks soaring. One also can’t rely on better movie slates, as the theater industry has been blessed with some top-notch movies in recent years. The writer’s strike is over, and other headwinds are fading. The stars have aligned to what should have resulted in a surging stock price for AMC. The company’s fundamentals have driven this stock lower of late. A very heavy debt load, combined with continued share sales, has led to a dilutive experience for existing shareholders. New shareholders considering putting capital to work in a company that’s burning cash and issuing shares is a difficult proposition, especially in these uncertain economic times. Sentiment Isn’t Improving One of the key drivers of previous meme stock rallies with AMC is sentiment. Indeed, without millions of like-minded retail investors banding together to buy the stock all at once, these parabolic surges AMC stock saw wouldn’t have been possible. In order for another squeeze to take place in the future, investors will need to get back on the right side of the boat when it comes to sentiment. That doesn’t appear to be happening. As I pointed out in a recent piece, retail investors appear to be growing increasingly frustrated with the CEO pay structure, and the lack of interest in the well-being of retail investors. The company continues to issue shares and dilute existing shareholders, while paying massive salaries and bonuses to its top brass. Until this changes, I’m not sure that the self-described degenerate apes will want to step in and buy AMC stock, even at these rock-bottom levels. What Now for AMC Stock? It’s been my view for a long time that AMC is likely destined for some sort of either consolidation or bankruptcy. The industry may survive, in a much smaller or more niche form. And over time, the evolution of the film industry may ultimately benefit consumers, at the expense of those in the industry. That’s just a fact. AMC’s business model is one I think is broken. Until something fundamental changes, and the company can provide a clear pathway to profitability, this is a stock to avoid. In fact, it’s a stock I think investors could profitably short all the way down, if they haven’t been doing so already. I think there’s more risk to owning this stock on the long side than short. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. ChatGPT IPO Could Shock the World, Make This Move Before the Announcement The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Is AMC Stock’s Decline a Short Seller’s Delight? appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-04	AMC	Fintel reports that on October 3, 2023, B. Riley Securities maintained coverage of AMC Entertainment Holdings Inc - (NYSE:AMC) with a Neutral recommendation. Analyst Price Forecast Suggests 160.89% Upside As of August 31, 2023, the average one-year price target for AMC Entertainment Holdings Inc - is 20.48. The forecasts range from a low of 4.46 to a high of $41.69. The average price target represents an increase of 160.89% from its latest reported closing price of 7.85. See our leaderboard of companies with the largest price target upside. The projected annual revenue for AMC Entertainment Holdings Inc - is 4,784MM, an increase of 12.26%. The projected annual non-GAAP EPS is -0.38. For more in-depth coverage of AMC Entertainment Holdings Inc -, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 454 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is a decrease of 6 owner(s) or 1.30% in the last quarter. Average portfolio weight of all funds dedicated to AMC is 0.25%, an increase of 62.33%. Total shares owned by institutions increased in the last three months by 10.85% to 154,364K shares. The put/call ratio of AMC is 0.45, indicating a bullish outlook. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,213K shares representing 8.17% ownership of the company. In it's prior filing, the firm reported owning 16,026K shares, representing an increase of 1.16%. The firm decreased its portfolio allocation in AMC by 18.02% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 13,404K shares representing 6.76% ownership of the company. In it's prior filing, the firm reported owning 13,548K shares, representing a decrease of 1.07%. The firm decreased its portfolio allocation in AMC by 17.33% over the last quarter. VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 9,280K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 9,515K shares, representing a decrease of 2.53%. The firm decreased its portfolio allocation in AMC by 17.07% over the last quarter. Geode Capital Management holds 7,372K shares representing 3.72% ownership of the company. In it's prior filing, the firm reported owning 7,165K shares, representing an increase of 2.81%. The firm decreased its portfolio allocation in AMC by 18.23% over the last quarter. VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 7,240K shares representing 3.65% ownership of the company. In it's prior filing, the firm reported owning 7,193K shares, representing an increase of 0.66%. The firm decreased its portfolio allocation in AMC by 15.67% over the last quarter. AMC Entertainment Holdings Background Information (This description is provided by the company.) AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-03	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Taylor Swift is a phenomenon that has captured the attention of millions around the world. But importantly, Swift has captured the wallets of these people as well. In fact, she’s been so successful that many have started referring to her business acumen as “Swiftonomics.” The Eras Tour grossed some $2.2 billion — just in America. The singer was able to tap into a generation of women seeing their disposable income rise significantly over the past few years. The ticket sales have been a big part of her income, but the merchandise is also a big slice of the pie, adding to her revenue streams. And she’s not the only one benefitting from her incredible popularity. Anywhere that Taylor’s legions of fans visited throughout her tour saw an economic boost as well. But now that the tour is over, Swift’s contributions to the economy are far from over. She’s sparked a new romance with a high-profile NFL player and announced the release of The Eras Tour documentary. Excitement over Taylor’s whereabouts continues, and her loyal fans are still on the move to see her — be it in theatres or at NFL games. With that in mind, many investors are looking for stocks that could see a Swift tailwind over the next few months. These are the companies likely to benefit from her upcoming film and stand to gain as she continues to make a splash in the NFL. This aspect of her popularity could be an interesting one as the games see an influx of new viewers who could significantly impact the business of football. Taylor Swift Stocks: AMC Entertainment (AMC) Source: rblfmr / Shutterstock.com Beleaguered movie theatre and former meme stock AMC Entertainment (NYSE:AMC) is in a financially precarious position, but Taylor Swift could change all that. The group is working to shore up its finances at the expense of investors. A dilutive share sale and years of struggling against a declining industry have left the group struggling to gain momentum. Taylor Swift and her legions of loyal fans could turn things around, though. The Eras Tour is set to make its way to theatres, and AMC is set to be the biggest beneficiary. AMC has been able to capture 43% of revenues for The Eras Tour documentary. That’s not chump change either. The concert film set a new record for advance ticket sales, raking in $26 million. Add to that all of the popcorn, soda and candy the Swifties will be buying and AMC should have a windfall of cash. Not to mention the precedent that The Eras Tour will set. Taylor Swift is making post-tour films a thing, and Beyonce recently announced she would release a similar film. If movie theatres can capture a slice of the excitement that comes from mega-stars tours, there could be hope for the industry yet. DraftKings (DKNG) Source: Tada Images / Shutterstock.com Sports betting firm DraftKings (NASDAQ:DKNG) should benefit from the start of football season, but that benefit’s been amplified now that Taylor Swift entered the chat. Swift’s relationship with Kansas City Chiefs tight end Travis Kelce means there’s a whole lot more focus on the sport. With Swifties now watching and attending games to catch a glimpse of their favorite singer or cheer on her beau, the NFL may have a whole new audience. Sunday Night Football saw a 22% increase in viewership, and the number of women watching the game was up by two million. But the enhanced excitement didn’t just mean more eyeballs on screens. It also drove more betting activity — a good thing for DraftKings. The company said bets on Kelce more than doubled. Whether people are worried he’ll crack under the pressure or see Swift’s presence at his games as a good luck charm, DraftKings stands to benefit. With so many newly minted NFL fans out there, the company is likely to have a bumper season of its own. News Corporation (NWSA) Source: Shutterstock You need only look at the mountains of stories pouring out of the latest game attended by Taylor Swift to understand why a media company like News Corporation (NASDAQ:NWSA) stands to gain from the singer’s latest endeavors. Questions about Kelce’s post-game reaction, the Singer’s post-game movements and speculation about whether she’ll be at the next game, are all dominating the conversation. News Corp owns a host of the tabloids publishing these stories, and sharing between Swifties will be music to advertisers’ ears. News Corp has been embroiled in a succession scandal of its own, so the stock could benefit from a Swift tailwind. But there’s nothing like a new, and popular, relationship to get people talking. Given that both Swift and Kelce are public features, there’s plenty to delve into and News Corp and its assets will be taking full advantage as the relationship continues to unfold. On the date of publication, Marie Brodbeck did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Marie Brodbeck has a Finance degree from Duquesne University and has been a financial journalist for more than a decade. Her work can be seen in a variety of publications including InvestorPlace, Benzinga, Yahoo Finance and CCN. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks That Could Use a Taylor Swift Boost appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-02	AMC	Consumer stocks were leaning lower pre-bell Monday, with the Consumer Staples Select Sector SPDR Fund (XLP) recently inactive and the Consumer Discretionary Select Sector SPDR Fund (XLY) down almost 1%. Cinemark Holdings (CNK) said concert tour movie "Renaissance: A Film by Beyonce" will start Nov. 30 across its US theaters, while AMC Entertainment (AMC) said it is set to premiere the film in North American cinemas on Dec. 1. AMC Entertainment was marginally climbing in recent premarket activity. XPeng (XPEV) was slightly advancing after saying it delivered 15,310 smart electric vehicles in September, up 81% from a year earlier. Amazon.com (AMZN) said an error in its email system caused confirmation emails to be sent out to customers regarding gift cards they did not buy. Amazon was slightly lower pre-bell. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-10-02	AMC	Oct 2 (Reuters) - A film based on U.S. pop star Beyonce's hit "Renaissance World Tour" is set to be distributed globally by a unit of AMC Entertainment AMC.N, the company said, as cinema chains look to fill content gaps stemming from Hollywood strikes. Beyonce's film is a theatrical production of the singer-songwriter's global tour this summer, spanning 57 concerts across 40 cities in North America and 14 across Europe. The film follows a similar release by pop superstar Taylor Swift, whose Eras Tour concert film will be distributed in cinemas in North America starting Oct. 13. The concert films provide cinema chains such as AMC, Cinemark and Cineplex, with high-profile titles to help fill gaps caused by a prolonged strike by actors and writers in Hollywood. "Renaissance: A Film By Beyonce" is set to play in the United States, Canada, and Mexico beginning Friday, Dec. 1, 2023, AMC said, adding that additional global cities would be announced at a later date. AMC's rival Cinemark CNK.N also announced that it will play the concert film in its U.S. theaters. Both cinema chains said their standard showtime tickets in the U.S. will start at $22. Entertainment website Variety first reported Beyonce's talks to release "Renaissance" through AMC. (Reporting by Jyoti Narayan in Bengaluru; Editing by Sharon Singleton) ((Jyoti.Narayan@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-29	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Despite their controversial nature, meme stocks offer great potential for investors willing to gamble. The rise of meme stocks in the past has been a mix of ideology against hedge funds to more commonly, simply retail traders riding a wave of hype and FOMO, or the fear of missing out. The companies in this list are well-known meme stocks. However, there have been some recent developments for investors to consider, thus putting them back on the table for consideration. So here are the best meme stocks to buy as we close out September. AMC Entertainment (AMC) Source: Elnur / Shutterstock.com AMC Entertainment (NYSE:AMC) has been a favorite among retail investors and has experienced significant volatility. The company has capitalized on its meme stock status by raising capital, improving its balance sheet, and investing in growth opportunities. In terms of operational performance, AMC reported improvements in Q2 earnings, with a net loss reduction and a 16% increase in sales. The company witnessed higher guest turnout and increased per-patron revenue from food and beverages. CEO Adam Aron also announced potential ventures like launching branded products, including “Great Ape Ale” beer and premium chocolate and candy. The company successfully raised $326 million through the sale of additional common shares, bolstering its financial position alongside its existing cash reserves and assets. The company also trades at undervalued levels when examining its fundamentals, which makes it one of those meme stocks to consider watching closely. GameStop (GME) Source: shutterstock.com/EchoVisuals GameStop (NYSE:GME) has undergone significant changes with a focus on e-commerce and has been at the center of its pivot. The company’s shift to digital sales, expansion of product offerings, and the potential for further strategic changes make it one of those meme stocks to watch. In its most recent quarterly result, GME stock reported a narrower loss than anticipated and provided an optimistic forward guidance. The recent earnings report suggests that GameStop has been prudent with its resources, aligning its costs more effectively with its addressable market and setting the stage for a potentially strong Q4 and holiday season. In Q2, GameStop reported net sales of $1.164 billion, a slight increase from $1.136 billion in the prior year’s quarter. SG&A expenses were reduced to 27.7% of net sales from 34.1%, and net loss significantly decreased to $2.8 million from $108.7 million in the same quarter of the previous year. If these positive fundamentals are maintained, then it may pivot from a speculative meme stock to one value investors may find themselves holding. General Electric (GE) Source: Sundry Photography / Shutterstock.com It may seem unusual for General Electric (NYSE:GE) to be on this list. However, after its historical prominence, it then largely fell into disfavor from investors, with the brunt of its criticism being directed toward what some describe as ineffective management. However, there are signs GE stock is turning a corner and is gaining a bit of a cult following. The company has been undergoing restructuring and focusing on its core industrial businesses, which could lead to improved financial performance. The stock’s recent momentum and potential for further growth make it a candidate for investors seeking opportunities in the industrial sector. Adding spice to the bullish brew is that Deutsche Bank recently predicted a 25% upside for GE’s stock from current levels. Aside from this recommendation, GE has been improving its balance sheet as well as improving its internal efficiency to lift its overall return on equity for investors. It’s developments like these that make GE stock one of those meme stocks to consider. On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. ChatGPT IPO Could Shock the World, Make This Move Before the Announcement The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Don’t Miss the Boom: 3 Meme Stocks Set to Explode Higher appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-26	AMC	Fintel reports that on September 26, 2023, Citigroup maintained coverage of AMC Entertainment Holdings Inc - (NYSE:AMC) with a Sell recommendation. Analyst Price Forecast Suggests 151.60% Upside As of August 31, 2023, the average one-year price target for AMC Entertainment Holdings Inc - is 20.48. The forecasts range from a low of 4.46 to a high of $41.69. The average price target represents an increase of 151.60% from its latest reported closing price of 8.14. See our leaderboard of companies with the largest price target upside. The projected annual revenue for AMC Entertainment Holdings Inc - is 4,784MM, an increase of 12.26%. The projected annual non-GAAP EPS is -0.38. For more in-depth coverage of AMC Entertainment Holdings Inc -, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 452 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is an increase of 6 owner(s) or 1.35% in the last quarter. Average portfolio weight of all funds dedicated to AMC is 0.25%, an increase of 61.10%. Total shares owned by institutions increased in the last three months by 10.71% to 154,076K shares. The put/call ratio of AMC is 0.46, indicating a bullish outlook. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,213K shares representing 10.24% ownership of the company. In it's prior filing, the firm reported owning 16,026K shares, representing an increase of 1.16%. The firm decreased its portfolio allocation in AMC by 18.02% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 13,404K shares representing 8.46% ownership of the company. In it's prior filing, the firm reported owning 13,548K shares, representing a decrease of 1.07%. The firm decreased its portfolio allocation in AMC by 17.33% over the last quarter. VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 9,280K shares representing 5.86% ownership of the company. In it's prior filing, the firm reported owning 9,515K shares, representing a decrease of 2.53%. The firm decreased its portfolio allocation in AMC by 17.07% over the last quarter. Geode Capital Management holds 7,372K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 7,165K shares, representing an increase of 2.81%. The firm decreased its portfolio allocation in AMC by 18.23% over the last quarter. VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 7,240K shares representing 4.57% ownership of the company. In it's prior filing, the firm reported owning 7,193K shares, representing an increase of 0.66%. The firm decreased its portfolio allocation in AMC by 15.67% over the last quarter. AMC Entertainment Holdings Background Information (This description is provided by the company.) AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-26	AMC	By Danielle Broadway LOS ANGELES, Sept 26 (Reuters) - Taylor Swift, a pop star known for shattering records, announced on Tuesday her documentary film from her billion-dollar Eras concert tour will be screening worldwide. "The tour isn’t the only thing we’re taking worldwide ... ” the “Anti-Hero” singer wrote on the social media platform Instagram. "Been so excited to tell you all that The Eras Tour concert film is now officially coming to theaters WORLDWIDE on Oct 13!" Previously, Swift had said the movie, called "Taylor Swift: The Eras Tour," would only be released in North America. The singer's film provides movie theater chains such as AMC Entertainment AMC.N, Cineplex CGX.TO and Cinemark CNK.N with a high-profile title to help fill gaps caused by the actors' and writers' strikes in Hollywood. Swift’s film is expected to collect between $96 million and $145 million at the domestic box office during its opening weekend, according to projections from Box Office Pro. Demand for the 12-time Grammy winner’s “Eras” film rivaled the high interest garnered by large blockbuster franchises, including Walt Disney’s Marvel and Star Wars. Adult tickets for Swift's documentary cost $19.89 each, a nod to Swift's "1989" album. Children's tickets will cost $13.13, a reference to the singer embracing 13 as her lucky number. On Nov. 1, 2022, Swift announced her Eras Tour— 53 shows played in stadiums across the United States. The tour later expanded to include 78 international dates. (Reporting by Danielle Broadway, Lisa Richwine, Clare Trainor, Dea Bankova; Editing by Lisa Shumaker) ((Danielle.Broadway@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-26	AMC	AMC Entertainment (AMC) has been on a downward spiral lately with significant selling pressure. After declining 26.5% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound. However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. Here's Why AMC Could Experience a Turnaround The heavy selling of AMC shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 21.07. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand. This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering AMC in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0.3% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, AMC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-25	AMC	Investors often opt for the stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio is, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for growth. But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of AMC Entertainment AMC, Scholar Rock SRRK, PTK Acquisition VLN, OI Glass OI and Sera Prognostics SERA. Rising P/E: A Useful Tool The concept is that as earnings rise, so should the price of the stock. As forecasts for expected earnings come in higher, strong demand for the stock should continue to push up its prices. After all, astock's P/E gives an indication of how much investors are ready to shell out per dollar of earnings. Suppose an investor wants to buy a stock with a P/E ratio of 30. This means that he is willing to shell out $30 for only $1 worth of earnings as he expects earnings of the company to rise at a faster pace in the future owing to strong fundamentals. So, if the P/E of a stock is rising steadily, it means that investors are assured of its inherent strength and expect some strong positives out of it. Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains. The Winning Strategy In order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters. EPS growth estimate for the current year is greater than or equal to last year’s actual growth Percentage change in last year EPS should be greater than or equal zero (These two criteria point to flat earnings or a growth trend over the years.) Percentage change in price over four weeks greater than the percentage change in price over 12 weeks Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks (These two criteria show that price of the stock is increasing consistently over the said timeframes.) Percentage price change for four weeks relative to the S&P 500 greater than the percentage price change for 12 weeks relative to the S&P 500 Percentage price change for 12 weeks relative to the S&P 500 greater than the percentage price change for 24 weeks relative to the S&P 500 (Here, the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500.) Percentage price change for 12 weeks is 20% higher than or equal to the percentage price change for 24 weeks, but it should not exceed 100% (A 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and that the stock might be due for a reversal.) In addition, we place a few other criteria that lead us to some likely outperformers. Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) can get through. Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity. Just these few criteria narrowed down the universe from over 7,700 stocks to just 42. Here are four out of the 42 stocks: AMC Entertainment: The Zacks Rank #2 operates as a theatrical exhibition company primarily in the United States and internationally. You can see the complete list of today’s Zacks #1 Rank stocks here. The average earnings surprise of AMC for the past four quarters is 44.22%. Scholar Rock: The Zacks Rank #2 biopharmaceutical company is focused on the discovery and development of medicines for the treatment of serious diseases. The average earnings surprise of SRRK for the past four quarters is 17.48%. PTK Acquisition: This Zacks Rank #2 company is a provider of connectivity solutions for the audio-video and automotive markets. The average earnings surprise of VLN for the past four quarters is 74.43%. OI Glass:This Zacks Rank #2 company is the largest manufacturer of glass containers in the world. The average earnings surprise of OI for the past four quarters is 20.45%. Sera Prognostics: This Zacks Rank #2 company is a women's health diagnostics company. The average earnings surprise of SERA for the past four quarters is 10.39%. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report O-I Glass, Inc. (OI) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Scholar Rock Holding Corporation (SRRK) : Free Stock Analysis Report Sera Prognostics, Inc. (SERA) : Free Stock Analysis Report Valens Semiconductor, Ltd. (VLN) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-22	AMC	AMC Entertainment (AMC) closed the most recent trading day at $7.62, moving -1.04% from the previous trading session. This change lagged the S&P 500's daily loss of 0.23%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.09%. Coming into today, shares of the movie theater operator had lost 46.42% in the past month. In that same time, the Consumer Discretionary sector lost 3.5%, while the S&P 500 lost 1.43%. Investors will be hoping for strength from AMC Entertainment as it approaches its next earnings release. On that day, AMC Entertainment is projected to report earnings of -$0.48 per share, which would represent year-over-year growth of 76%. Our most recent consensus estimate is calling for quarterly revenue of $1.15 billion, up 19.12% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.47 per share and revenue of $4.59 billion. These totals would mark changes of +73.44% and +17.45%, respectively, from last year. Investors might also notice recent changes to analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 17.06% higher. AMC Entertainment is currently sporting a Zacks Rank of #3 (Hold). The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 29% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-22	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Remember the meme stock craze? Yeah. Me neither. AMC Entertainment (NYSE:AMC) stock has been through one helluva story arc over the last couple of years, ultimately to end with a complete roundtrip (and then some). Source: Chart courtesy of StockCharts.com AMC’s financial struggles continue to persist. The company has been grappling with an enormous debt pile, high cash burn rates, and negative working capital. Net debt amount outstanding is at nearly $4.82 billion. I’m not sure at this point who is in worse financial shape – AMC or the vast majority of credit-card-using movie goers. Memes and conspiracy theories can’t counter that. To navigate these financial challenges and stave off bankruptcy, AMC has resorted to issuing debt and diluting equity to raise cash. AMC Must Navigate a Treacherous Plot Unfortunately, these measures have led to a steep decline in AMC’s share price, further compounding the company’s financial woes. AMC stock had been the darling of the “meme stock” phenomenon. While this had led to some short-term boosts in AMC’s stock price, it has also resulted in extreme volatility and unpredictability. The meme stock rally of 2021 caused significant fluctuations in AMC’s market prices, often disconnected from its underlying business fundamentals. AMC’s recent decision to sell 40 million more of its shares triggered a significant stock plunge, leading to potential additional future dilution for shareholders. This isn’t good folks. You can’t meme your way out of mismanagement. And to argue that debt doesn’t matter just as the economy may be entering a recession makes no sense. This equity dilution is a serious warning sign for investors. It signals potential risk of bankruptcy if AMC does not manage to raise enough capital to pay down its debt not just now but in the future. Fundamentals do matter. Debt does matter. Investing in AMC here is undoubtedly a high-risk proposition. The company’s financial struggles, high debt load, cash burn issues, and the unpredictability of the meme stock phenomenon all contribute to a highly uncertain outlook. And unfortunately, people do what they always do – get sucked into a narrative that ultimately proves to be a bigger piece of fiction than any movie that could air on the big screen. The Ending May Be Scary for AMC Stock Investors considering AMC should be prepared for the possibility of losing all or a significant portion of their investment. The company’s future largely hinges on its ability to raise enough capital to pay down its debt. Despite hurdles, AMC’s management remains optimistic about the company’s future. The company has shown some signs of resilience in the face of adversity. And its recent box office successes suggest that there may be light at the end of the tunnel. However, the road ahead for AMC is fraught with challenges. The company will need to navigate a complex and volatile market landscape, tackle its financial issues, and adapt to changing consumer trends. Only time will tell whether it can successfully weather the storm and emerge stronger on the other side. And if I am right about a credit event, the movie to come will be a horror show for anyone investing in consumer stocks. On the date of publication, Michael Gayed did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The Lead-Lag Report is provided by Lead-Lag Publishing, LLC. All opinions and views mentioned in this report constitute our judgments as of the date of writing and are subject to change at any time. Information within this material is not intended to be used as a primary basis for investment decisions and should also not be construed as advice meeting the particular investment needs of any individual investor. Trading signals produced by the Lead-Lag Report are independent of other services provided by Lead-Lag Publishing, LLC or its affiliates, and positioning of accounts under their management may differ. Please remember that investing involves risk, including loss of principal, and past performance may not be indicative of future results. Lead-Lag Publishing, LLC, its members, officers, directors and employees expressly disclaim all liability in respect to actions taken based on any or all of the information on this writing. Michael A. Gayed is the Publisher of The Lead-Lag Report, and Portfolio Manager at Tidal Financial Group, an investment management company specializing in ETF-focused research, investment strategies and services designed for financial advisors, RIAs, family offices and investment managers. InvestorPlace readers that are new subscribers to the The Lead-Lag Report can receive a 30% discount. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. ChatGPT IPO Could Shock the World, Make This Move Before the Announcement The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post AMC Stock Warning: Be Prepared for the AMC Story to Become a Horror Movie appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-20	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The September slump is in full effect as the S&P 500 fell about 2% since the end of August. Still, investors are finding plenty to be excited about in today’s markets. IPOs are back on the menu, as you’ll soon see – but not all new listings are worth investing in. Likewise, meme stock drama continues as moviemakers dilute shares and Trump-driven SPACs announce new deal developments. Controversial stocks always make the news, and for good reason. When investors and analysts feel strongly (one way or the other) about a company, it’s bound to generate controversy. But not all controversial stocks are worth investing in and, even if you’re bullish, they’re usually worth a closer look. Knee-jerk investing doesn’t usually pan out. These are seven of the most controversial stocks in September, alongside my perspective – buy or bail? Nintendo (NTDOY, NTDOF) Source: ESOlex / Shutterstock.com Nintendo (OTCMKTYS:NTDOY, OTCMKTS:NTDOF) is having a wild month, but the broader market hasn’t yet caught up with the news. First, a leaked rumor alleged that Nintendo and Google (NASDAQ:GOOG, NASDAQ:GOOGL) are working together to develop a virtual reality (VR) gaming headset. While nothing is confirmed, a prospective Nintendo/Google collaboration would be massive. More news dropped this week as leaked Microsoft (NASDAQ:MSFT) revealed that the tech giant also considered a Nintendo partnership. In the note, Microsoft Gaming exec Phil Spencer wrote of a potential partnership, “if any US company would have a chance with Nintendo we are probably in the best position.” In the same email, he alluded to activist shareholders building larger positions to “[push] for more from Nintendo stock which could create opportunities for us.” The email is from 2020 but still points to a high-level, ongoing commercial interest in Nintendo. Even if neither partnership nor collaboration pans out, Nintendo is a stock to watch. If you want to build a position, note that you can trade two tickers on US exchanges: NTDOY and NTDOF. The differences are minor, but ensure your pick best aligns with your investment strategy and goals. AMC Entertainment Holdings (AMC) Source: rblfmr / Shutterstock.com Somehow, AMC Entertainment Holdings (NYSE:AMC) bulls (or apes, or whatever) are still hanging their hat on this controversial stock. For now, the ailing movie theater firm narrowly avoided bankruptcy at the cost of massively diluting shareholders. Last week, a Delaware judge approved AMC’s reverse-split scheme, which will drop one billion preferred shares onto the market. That move will dilute the stock by over 90%, punishing the retail traders who kept the stock limping along thus far even further. AMC fell sharply on the news, declining nearly 80% since August 10th. While those hoping for a short squeeze rely on the stock’s high failure-to-deliver rate to reinforce their anti-short thesis, it likely won’t be the stock’s saving grace. While shorts closing positions might provide a temporary boost, it’ll likely be another dead cat bounce. If you haven’t yet bailed on this controversial stock, the time is rapidly approaching. Digital World Acquisition Corp (DWAC) Source: rafapress / Shutterstock Embattled SPAC Digital World Acquisition Corp (NASDAQ:DWAC) remains a controversial stock, but its future isn’t reassuring. The holding company has been engaged in a two-year legal battle to merge with Donald Trump’s Truth Social platform. Since then, Trump’s return to X further dropped Truth Social’s leverage and made the deal even less attractive. As of 2022, Truth Social saw just 500,000 daily active users. That’s a paltry customer base on its own but pales compared to X’s whopping 540 million users post-conversion from Twitter. Even if, for whatever reason, the deal closes soon, advertiser interest likely won’t be enough to keep the social media platform afloat. SPAC-mania is long over, and conditions are far different today than when the merger began two years ago. This controversial stock is dead, but still overvalued, so jump ship while you can. General Motors (GM) Source: Katherine Welles / Shutterstock.com General Motors (NYSE:GM) is struggling in the face of ongoing United Auto Worker strikes, but the company’s long-term position hasn’t changed. That makes this controversial stock a definite buy at today’s prices. While the strikes could slow GM’s ambitious electric vehicle delivery goals, it’s a blessing in disguise. GM, after announcing a plan to produce Silverado, Blazer, Equinox, and more EVs en-masse by year’s end, supply chain struggles slowed down their plans. The ongoing strikes could be just what GM needs to tighten up its back-end operations and streamline supply chains before beginning production in earnest once the strike ends. Alongside GM’s EV endeavors, its continued foray into in-vehicle software sales promises to juice revenue down the road. By 2030, GM expects an additional $25 billion from software sales annually, improving its profitability even if workers get a (well-deserved) raise. With Morningstar calling GM 56% undervalued even amid worker strikes, this controversial stock is an easy call – buy. Nikola (NKLA) Source: Stephanie L Sanchez / Shutterstock.com Nikola (NASDAQ:NKLA) announced a new chief operating officer this week, sending shares of the controversial stock soaring. But new blood in the c-suite won’t be enough to save this EV company, even if new hire Mary Chan has experience working in the car industry. Overcoming the founder’s fraud conviction was never an appealing prospect, and the Nikola name is forever (deservedly) tainted, but recent moves point to a dire financial position at Nikola. The company is burning cash far faster than it brings in sales (which aren’t great either). Last quarter, Nikola posted just $15.36 million in revenue against massive costs, putting profitability at a resounding $845 million loss over the preceding 12 months. In a last-ditch effort, Nikola issued convertible notes paying 5% annually. That’s a high cost of debt for a cash-hungry company and represents a genuinely desperate play to stay afloat. Investors should also note that debt holders are usually paid first in bankruptcy liquidation, and there may not be enough assets to reimburse shareholders. If you haven’t yet bailed on this controversial stock, do it before it’s too late. Instacart (CART) Source: T. Schneider / Shutterstock.com Instacart (NASDAQ:CART) hit the markets hard this week, IPO pricing peaking at $42 per share before settling to around $33. That makes Instacart worth about $11 billion, a tough pill for late-stage private investors who bought in at a $39 billion valuation. Still, for the retail set, this controversial stock is one to buy even if its post-IPO slump temporarily puts your portfolio in the red. The company holds 70% of the home grocery delivery market in the United States. That market was weak pre-pandemic but exploded as more Americans stayed home. Today, the trend remains and is accelerating. Half the country already uses at-home grocery delivery services, with further growth forecast. That’s reflected in Instacart’s initial filing, as transaction volume grew by $4 billion between 2021 and 2022. Ultimately, Instacart has legs and room to grow – even at a reduced valuation. Arm Holdings (ARM) Source: Tada Images / Shutterstock.com Arm Holdings (NASDAQ:ARM), like Instacart, debuted on the market this month. Unlike Instacart, Arm’s revenue is shrinking. Over the past year, the chip maker’s annual revenue fell 1%. That may not seem bad in light of a tight economy but don’t overlook the fact that this controversial tech stock is riding the same wave that made Nvidia’s (NASDAQ:NVDA) sales explode. Falling revenue in light of artificial intelligence and semiconductor exuberance doesn’t bode well for this stock. Even if Arm has viable long-term prospects, which it arguably does, it isn’t priced to buy at these levels. The stock trades at 153x earnings. That makes Nvidia, which is also overpriced, a value play by comparison as it trades at “only” 106x earnings. This controversial stock might have room in your portfolio to diversify your semiconductor stocks. But don’t bet the farm on Arm. On the date of publication, Jeremy Flint held a long position in NTDOY. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy’s work can also be found at www.jeremyflint.work. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. ChatGPT IPO Could Shock the World, Make This Move Before the Announcement It doesn’t matter if you have $500 or $5 million. Do this now. The post September’s 7 Most Controversial Stocks: Buy or Bail? appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-19	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Meme stocks are making media headlines once again as a new movie about the rally of early 2021 called “Dumb Money” hits theaters. Not that meme stocks ever really went away. Troubled companies such as movie theater chain AMC Entertainment (NYSE:AMC) and fitness equipment maker Peloton (NASDAQ:PTON) continue to make headlines on a regular basis. Wall Street traders live in fear about the type of short squeezes that sent many stocks soaring to unsustainable levels in 2021, forcing short sellers to cover their positions. While retail investors tend to hop from stock to stock in terms of their short squeezes, interest in sending beaten-down, heavily shorted stocks to the moon remains strong. Here are three meme stocks that should still be on every investor’s radar this fall. GameStop (GME) Source: shutterstock.com/EchoVisuals Two interesting developments are swirling around the shares of video game retailer GameStop (NYSE:GME) — often referred to as the original meme stock. Later this month, we will get the release of the movie “Dumb Money,” about the meme stock rally of early 2021 that saw GameStop’s share price skyrocket. Could the film’s release spark a new rally that takes GME stock to the moon once again? Some GameStop insiders appear to think so. It has just been reported that insiders at GameStop have been buying the company’s stock recently. Regulatory filings show that Alan Attal and Larry Cheng, two directors at GameStop, bought GME stock in recent weeks. On September 8, Attal paid $266,700 for 15,000 GameStop shares at an average price of $17.78 each. He now owns 562,464 GameStop shares. Cheng also bought GameStop stock in September, paying $105,900 for 6,000 shares at an average price of $17.65. He owns a total of 55,088 shares. The insider buys come as GameStop’s share price has fallen sharply since the company fired then-CEO Matt Furlong in June of this year and canceled a plannedearnings callwith analysts and media. Over the past 12 months, GameStop’s stock has declined 37%. The stock is 78% below the peak it reached in January 2021 during the meme stock trading frenzy that took Wall Street by storm. BlackBerry (BB) Source: BlackBerry Speaking of interesting developments, there are rumors circulating that meme stock BlackBerry (NYSE:BB) is for sale and an acquisition target. Multiple media reports say private equity firm Veritas Capital is planning to make a takeover offer for the technology company that once made smartphones. Blackberry has since switched gears to become an Internet of Things (IoT) and cybersecurity firm. While no deal has yet been announced, the rumors alone sent BB stock to peak over 25% higher during the last month. BlackBerry announced earlier this year it was undertaking a strategic review of its business with a view to selling itself. Privately-held Veritas Capital is not the only company rumored to be kicking the tires at BlackBerry. BB has struggled mightily since transitioning from making smartphones to its current ventures. Singled out as a meme stock by retail investors, BB stock has declined nearly 50% over the last five years. The shares now trade over 60% below their 2021 meme frenzy peak. Carvana (CVNA) Source: Ken Wolter / Shutterstock.com Used car seller Carvana (NYSE:CVNA) has become the hottest meme stock of 2023, with its share price having risen more than 1,000% year-to-date. Shockingly, one analyst recently raised his price target on the stock, telling investors that CVNA stock has more room to run. Wedbush analyst Seth Basham raised his rating on the volatile stock to a Hold equivalent from Sell, giving the shares a new $48 price target — up from $40. According to Wedbush, Carvana, the fastest-growing online used car dealer in the U.S., has successfully managed to restructure its debt, buying the company some runway, which should help to materially improve its financial performance. CVNA stock has certainly been on a wild ride since it became a meme stock. The shares peaked at $370 in August 2021 before crashing 99% to $3.72 in December 2022. Since then, Carvana has announced an aggressive turnaround plan, and its share price has skyrocketed. On the date of publication, Joel Baglole did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. ChatGPT IPO Could Shock the World, Make This Move Before the Announcement It doesn’t matter if you have $500 or $5 million. Do this now. The post 3 Meme Stocks That Should Still Be on Every Investor’s Radar This Fall appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-14	AMC	The NASDAQ 100 Pre-Market Indicator is up 43.32 to 15,391.85. The total Pre-Market volume is currently 28,050,138 shares traded. The following are the most active stocks for the pre-market session: AMC Entertainment Holdings, Inc. (AMC) is +0.43 at $8.67, with 3,433,338 shares traded. AMC's current last sale is 50.26% of the target price of $17.25. ProShares UltraPro Short QQQ (SQQQ) is -0.2492 at $18.05, with 3,054,626 shares traded. This represents a 10.2% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is +0.58 at $41.52, with 1,844,957 shares traded. This represents a 157.89% increase from its 52 Week Low. Pacific Gas & Electric Co. (PCG) is +0.03 at $17.10, with 1,299,789 shares traded. As reported by Zacks, the current mean recommendation for PCG is in the "buy range". Dell Technologies Inc. (DELL) is +0.29 at $70.74, with 1,139,595 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. The consensus EPS forecast is $1.23. As reported by Zacks, the current mean recommendation for DELL is in the "buy range". Tesla, Inc. (TSLA) is +1.66 at $272.96, with 1,006,968 shares traded. TSLA's current last sale is 103% of the target price of $265. Apple Inc. (AAPL) is +0.51 at $174.72, with 694,202 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". NIO Inc. (NIO) is +0.13 at $10.20, with 642,574 shares traded. NIO's current last sale is 80% of the target price of $12.75. NVIDIA Corporation (NVDA) is +5.03 at $459.88, with 632,366 shares traded. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. The consensus EPS forecast is $2.99. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range". Direxion Daily TSLA Bull 1.5X Shares (TSLL) is +0.14 at $17.81, with 628,111 shares traded. This represents a 283.84% increase from its 52 Week Low. Pfizer, Inc. (PFE) is +0.07 at $34.15, with 627,614 shares traded. PFE's current last sale is 76.74% of the target price of $44.5. Palantir Technologies Inc. (PLTR) is +0.13 at $15.73, with 263,948 shares traded. PLTR's current last sale is 125.84% of the target price of $12.5. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-12	AMC	The SPDR Portfolio Europe ETF is seeing unusually high volume in afternoon trading Tuesday, with over 2.1 million shares traded versus three month average volume of about 109,000. Shares of SPEU were down about 0.5% on the day. Components of that ETF with the highest volume on Tuesday were Credit Suisse Group, trading up about 0.6% with over 55.5 million shares changing hands so far this session, and Amc Entertainment Holdings, up about 6.7% on volume of over 29.5 million shares. Nextnav is the component faring the best Tuesday, up by about 13% on the day, while Eco Wave Power Global is lagging other components of the SPDR Portfolio Europe ETF, trading lower by about 5.6%. VIDEO: Tuesday's ETF with Unusual Volume: SPEU The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-12	AMC	In the coming weeks, AMC Entertainment Holdings, Inc. (NYSE:AMC) will be releasing “The Nun II,” “A Haunting in Venice,” “Saw X” and other buzzworthy horror thrillers. None may be as scary as its financial situation. Last week, the movie theater chain announced that it is selling as much as 40 million class A shares in an ‘at-the-market’ transaction intended to boost its capital strength and investor confidence. Instead, the move sent chills down the spines of frightened shareholders who have witnessed several acts of dilution over the last couple of years. Since September 2021, AMC’s share count has ballooned from approximately 32 million to 198 million. In turn, its market value has been slashed by more than 98%. The August 2023 conversion of preferred ‘APE’ shares and the latest equity raise are just the icing on the cake. AMC is an evolving case study on the power of dilution and financial mismanagement. A $9.1 billion net debt balance that is over 20-times the company’s cash position can only partly be explained by pandemic theater closures. More so, it's about CEO Adam Aron and a management team that got wrapped up in an insane 2021 ‘meme stock’ rally and have lost sight of the big picture. Why Are Traders So Obsessed With AMC? Despite it all, AMC continues to attract traders like it is attracting ticket buyers for the Taylor Swift ‘The Eras Tour’ film. Last month, $3.7 billion worth of AMC stock exchanged hands between buyers and sellers. Five trading days into September 2023, nearly $1.5 billion had been tossed around on a stock that clearly trades on emotion rather than fundamentals. To put it into perspective, that’s more than the amount of trading that’s taken place in 379 of the S&P 500 stocks. So far this month, less money has been spent on Stryker, Automatic Data Processing and ProLogis — all of which have $100 billion-plus market caps compared to $1.3 billion for AMC. Call it the fading allure of the life-altering meme stock. Call it the influence of social media platforms. Call it the attractiveness of a volatile stock fresh off a desperate 1-for-10 reverse split. Whatever you call it, AMC is a train wreck that has more sequels ahead. Disguised as being good for investors, the company’s relentless media circus is only deteriorating shareholder value. With this in mind, short sellers have been pouncing on any uptrends in anticipation of the next folly. Since AMC rallied to a split adjusted $13.76 in a quiet post-Labor Day session, bears have regained full control. What looked like a possible run back to $15.00 ended in a four-day plunge of more than 40%. Where Does AMC Stock Go From Here? With roughly 10% of the float in the hands of short sellers, AMC is now somewhat in ‘no man’s land.’ In the near-term, it likely has limited downside pressure but also limited short squeeze potential. Unless this balance shifts dramatically, the often volatile stock may revert to a period of low volume consolidation — much like it experienced in June and July 2023. Even when AMC reported better-than-expected second-quarter results on August 8th, the stock barely moved. The day’s relatively tight $4.99 to $5.46 (pre-split) trading range is a reminder that financial performances have become increasingly less important in traders’ eyes. When the company reports third-quarter results in early November 2023, the record-breaking success of “Barbenheimer” will be revealed — but will it even matter? Doubtful. Institutional interest in AMC continues to fade. In the second quarter of this year, three hedge funds sold out of their positions and a fourth dumped 22% of its stake. This made an already retail-driven stock even more retail-driven. And it will mean that social media hype — positive or negative — will continue to move AMC up and down. If the trend of the last two years persists, the uptrends will be short-lived, and the broader downtrend will be extended. Just as AMC’s profitability was starting to improve (i.e., net losses per share shrinking), the dilution train has once again derailed hopes of a turnaround. Like one of the theater chain’s upcoming ‘Thrills & Chills’ movies, this story won’t have a happy ending. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-07	AMC	The NASDAQ 100 Pre-Market Indicator is down -185.06 to 15,186.38. The total Pre-Market volume is currently 30,767,876 shares traded. The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.47 at $18.65, with 3,793,473 shares traded. This represents a 13.86% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is -1.03 at $40.25, with 2,868,115 shares traded. This represents a 150% increase from its 52 Week Low. Apple Inc. (AAPL) is -5.3611 at $177.55, with 2,412,495 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range". CymaBay Therapeutics Inc. (CBAY) is +2.49 at $16.32, with 2,220,504 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.3. As reported in the last short interest update the days to cover for CBAY is 8.270833; this calculation is based on the average trading volume of the stock. AMC Entertainment Holdings, Inc. (AMC) is -0.27 at $8.35, with 2,202,654 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.48. , following a 52-week high recorded in prior regular session. Tesla, Inc. (TSLA) is -5.79 at $246.13, with 1,462,072 shares traded. TSLA's current last sale is 93.76% of the target price of $262.5. NVIDIA Corporation (NVDA) is -10.0098 at $460.60, with 871,330 shares traded. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. The consensus EPS forecast is $2.9. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range". C3.ai, Inc. (AI) is -3.86 at $27.60, with 822,034 shares traded. AI's current last sale is 102.22% of the target price of $27. NIO Inc. (NIO) is -0.25 at $10.33, with 696,323 shares traded. NIO's current last sale is 81.02% of the target price of $12.75. Palantir Technologies Inc. (PLTR) is -0.29 at $15.01, with 520,122 shares traded. PLTR's current last sale is 120.08% of the target price of $12.5. ChargePoint Holdings, Inc. (CHPT) is -0.89 at $6.17, with 478,795 shares traded. As reported by Zacks, the current mean recommendation for CHPT is in the "buy range". Lloyds Banking Group Plc (LYG) is -0.01 at $2.02, with 467,488 shares traded. LYG's current last sale is 69.66% of the target price of $2.9. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-07	AMC	While it isn't exactly a household name, EPR Properties (NYSE: EPR) owns a portfolio of real estate occupied by many companies you're probably very familiar with. EPR is an excellent income stock with lots of growth potential and an excellent management team. Not only is it one of my favorite real estate stocks to follow, but it's one that I own in my stock portfolio and have added to several times. EPR Properties in a nutshell EPR Properties is a real estate investment trust, or REIT, that specializes in experiential properties. Think of it in a similar context to a retail REIT, except instead of selling products, EPR's tenants sell experiences. The top property type in the company's portfolio is movie theaters, which make up 40% of its rental income. AMC Entertainment (NYSE: AMC) and Regal Entertainment are the two main tenants, with Regal recently completing a bankruptcy restructuring that worked out quite favorably for EPR. The company wants to gradually reduce the theater exposure over time, but it's important to know that EPR's theaters are generally top-notch properties that perform better than the average movie theater. Beyond theaters, EPR's largest property type is "eat & play" destinations, and a great example of this is TopGolf, EPR's second-largest tenant. It also owns waterpark properties, amusement parks, ski resorts, experiential lodging (the Margaritaville Hotel Nashville is an example), and more. EPR is a fantastic income stock. It currently has a 7.5% dividend yield, which it pays in monthly installments, and its payout is well-covered by the company's funds from operations (the real estate version of "earnings"). Several catalysts in a bull market EPR is a relatively small REIT with a market cap of just $3.3 billion. The company has an excellent balance sheet and lots of financial flexibility and sees a massive opportunity to grow. Plus, EPR aims to gradually diversify away from movie theaters, and has mentioned family entertainment centers, casino resorts, RV resorts, museums, zoos, and live entertainment venues as just some of the underpenetrated real estate opportunities it could target. In all, the company sees an addressable market of more than $100 billion worth of real estate that it could potentially acquire. It's also important to note that while it isn't a guarantee, a new bull market would likely be accompanied by (or triggered by) some relief in inflation and interest rates. This could improve EPR's cost of capital, both by making borrowing cheaper and by providing a tailwind to the company's stock price, making equity capital more attractive. EPR sees a massive opportunity to grow, as mentioned, but the current high-interest environment is a major limiting factor. Finally, a bull market is likely to be a very strong catalyst for virtually all of EPR's tenants. After all, in prosperous financial times, people are more likely to spend money at theaters, waterparks, ski resorts, and other leisure experiences. A solid track record that should continue for decades To be fair, EPR Properties isn't exactly a low-risk stock, and there's quite a bit that investors should keep an eye on. Most significantly, the company still has a lot of exposure to the theater industry, and while its tenants are on solid financial footing for now, that could change if box office revenue isn't strong in the years ahead. However, EPR has a solid track record of long-term market-beating performance and navigating tough times well. In fact, since going public in 1997, EPR has produced a 1,310% total return for investors, roughly double the S&P 500's total return in the same period, and keep in mind that this includes the worst recession in a generation (2008-09), a global pandemic that shut down nearly all of EPR's properties, as well as several rising-rate environments when costs of capital weren't favorable. 10 stocks we like better than EPR Properties When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and EPR Properties wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 5, 2023 Matthew Frankel, CFP® has positions in EPR Properties. The Motley Fool recommends EPR Properties. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-06	AMC	Consumer stocks were lower late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) declining 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.1%. Redbook US same-store sales rose by 4.1% from a year earlier in the week ended Sept. 2 after a 4.2% year-over-year increase in the previous week. In corporate news, AMC Entertainment (AMC) shares plunged 38% after the company said Wednesday it agreed to sell up to 40 million class A shares via at-the-market offerings. Harley-Davidson (HOG) shares rose 3.1% after the company said Wednesday its board approved the buyback of up to 10 million additional common shares. WeWork (WE) said Wednesday it will renegotiate almost all of its leases with landlords globally and expects to exit "unfit and underperforming" locations. The shares fell 2.1%. Digital Brands (DBGI) slumped 22% after saying it closed an offering of 513,875 shares of common stock, together with accompanying common stock warrants, at $9.73 per share and accompanying warrants in a private placement. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-06	AMC	The NASDAQ 100 Pre-Market Indicator is down -38.94 to 15,469.3. The total Pre-Market volume is currently 29,076,080 shares traded. The following are the most active stocks for the pre-market session: System1, Inc. (SST) is +0.44 at $2.28, with 1,931,494 shares traded. As reported by Zacks, the current mean recommendation for SST is in the "strong buy range". ProShares UltraPro Short QQQ (SQQQ) is +0.15 at $17.87, with 1,826,066 shares traded. This represents a 9.1% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is -0.34 at $42.06, with 1,353,683 shares traded. This represents a 161.24% increase from its 52 Week Low. NextGen Healthcare, Inc. (NXGN) is +2.97 at $23.52, with 1,332,634 shares traded. As reported in the last short interest update the days to cover for NXGN is 11.845332; this calculation is based on the average trading volume of the stock. Tilray Brands, Inc. (TLRY) is +0.08 at $3.17, with 1,113,990 shares traded. TLRY's current last sale is 133.47% of the target price of $2.375. Concord Acquisition Corp II (CNDA) is +0.01 at $10.23, with 1,083,713 shares traded. Enbridge Inc (ENB) is -2.43 at $32.86, with 1,023,042 shares traded. ENB's current last sale is 77.9% of the target price of $42.18. Tesla, Inc. (TSLA) is -0.49 at $256.00, with 952,763 shares traded. TSLA's current last sale is 97.52% of the target price of $262.5. Roku, Inc. (ROKU) is +8.23 at $91.96, with 799,505 shares traded. ROKU's current last sale is 114.95% of the target price of $80. AMC Entertainment Holdings, Inc. (AMC) is -1.74 at $11.90, with 672,384 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.47. AMC's current last sale is 68.99% of the target price of $17.25. fuboTV Inc. (FUBO) is +0.1 at $3.01, with 518,852 shares traded. FUBO's current last sale is 100.33% of the target price of $3. NIO Inc. (NIO) is unchanged at $10.81, with 491,229 shares traded. NIO's current last sale is 84.78% of the target price of $12.75. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-05	AMC	AMC Entertainment (NYSE:AMC) features blockbuster films from time to time. However, the company's shareholders should not expect a happy ending in 2023. I am neutral on AMC stock, as I wouldn't dare to bet against it because the meme stock traders could return at any moment. At the same time, there's also too much risk involved for me to consider buying the stock. Headquartered in Kansas, AMC Entertainment owns and operates a chain of movie theaters in the U.S. Short-term traders sometimes buy AMC stock in hopes of a short squeeze, but serious investors should consider the company's long-term recovery prospects. As we'll see, analysts on Wall Street aren't overwhelmingly optimistic about AMC Entertainment. I understand their concerns and recommend that prospective investors should conduct their due diligence before jumping into a trade they might regret. Can Barbie and Taylor Swift Save AMC Entertainment? I'll be the first to admit that I saw dollar signs when the Barbie movie gained traction in America's movie theaters. I even published a bullish opinion on AMC stock during the peak of the Barbie buzz. The problem is that these movie trends are "transitory," to borrow a term from the Federal Reserve. Lately, the buzz has been about the Taylor Swift The Eras Tour concert film, which generated $26 million worth of ticket sales in a single day. This event prompted a quick surge in the AMC share price. Yet, Barbie couldn't prevent AMC stock from collapsing in August, so it doesn't look like the Taylor Swift movie will precipitate a share-price recovery, either. The stock is down substantially in 2023, a year when the major U.S. stock-market indexes are up. Unfortunately, AMC Entertainment's investors have lost a lot of money since the summer of 2021, regardless of Spider-Man sequels or prequels, or whatever fads came and went. In the long term, the company's debt load was bound to have a negative impact on the AMC share price. Frankly, I can't blame Credit Suisse (NYSE:CS) analysts for publishing an Underperform rating on AMC stock. They cited that AMC Entertainment is left overwhelmed by its "$5B of net debt, including $3B of which comes due in 2026." That's an awful lot of debt for a company with a roughly $2 billion market cap. Share Dilution is a Serious Issue for AMC Stock As you can probably tell by now, I have doubts that occasional blockbuster movies can solve AMC Entertainment's problems. One of those problems, as already mentioned, is AMC's heavy debt burden. Another issue is the company's willingness to print and sell millions of shares. Not long ago, AMC Entertainment converted a large number of its "APE" Preferred Equity Units (NYSE:APE) into common AMC stock shares. As I see it, once a company has done this, it's likely to repeat this capital-raising tactic again in the future. This is especially true of AMC Entertainment, as CEO Adam Aron has vociferously defended the share-printing (or I should more accurately say, share-conversion) strategy. In other words, AMC Entertainment's investors ought to think about the likelihood of future share-diluting activity. This possibility is clearly on the mind of TD Cowen strategist Chris Colpitts, who anticipates that, even after the recent share conversion, "AMC will likely do a large capital raise to improve its liquidity position." Is AMC Stock Expected to Go Up? On TipRanks, AMC comes in as a Moderate Sell based on zero Buy ratings, three Holds, and three Sell ratings assigned by analysts in the past three months. The average AMC Entertainment stock price target is $18.50, implying 35.6% upside potential. If you’re wondering which analyst you should follow if you want to buy and sell AMC stock, the most accurate analyst covering the stock (on a one-year timeframe) is Eric Handler of Roth MKM, with an average return of 17.61% per rating and a 69% success rate. Click on the image below to learn more. Conclusion: Should You Consider AMC Stock? Analysts generally aren't very bullish about AMC Entertainment, and I don't blame them for their trepidation. The company may get brief capital boosts from hit movies now and then, but AMC's debt load is too deep for cautious investors to ignore. Moreover, AMC Entertainment is unapologetically willing to increase the company's share count, and this raises concerns about dilution. When all is said and done, I'm not considering buying or shorting AMC stock, as I believe this is a movie to watch but not to participate in. Disclosure The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-04	AMC	It’s a quiet week on the earnings front with just a couple of names of interest. Those include c3.ai (AI), Docusign (DOCU), Zscaler (ZS), Gitlab (GTLB), UiPath (PATH), Gamestop (GME), ChargePoint (CHPT) and Kroger (KR). Before a company reports earnings, implied volatility is usually high because the market is unsure about the outcome of the report. Speculators and hedgers create huge demand for the company’s options which increases the implied volatility, and therefore, the price of options. After the earnings announcement, implied volatility usually drops back down to normal levels. Let’s take a look at the expected range for these stocks. To calculate the expected range, look up the option chain and add together the price of the at-the-money put option and the at-the-money call option. Use the first expiry date after the earnings date. While this approach is not as accurate as a detailed calculation, it does serve as a reasonably accurate estimate. Monday Labor Date holiday Tuesday ASAN – 13.3% GTLB – 16.9% ZS – 9.6% Wednesday AI – 14.4% CHPT – 14.4% GME – 14.5% PATH – 12.2% Thursday DOCU – 10.6% Friday KR – 4.6% Option traders can use these expected moves to structure trades. Bearish traders can look at selling bear call spreads outside the expected range. Bullish traders can sell bull put spreads outside the expected range, or look at naked puts for those with a higher risk tolerance. Neutral traders can look at iron condors. When trading iron condors over earnings, it is best to keep the short strikes outside the expected range. When trading options over earnings, it is best to stick to risk defined strategies and keep position size small. If the stock makes a larger than expected move and the trade suffers a full loss, it should not have more than a 1-3% effect on your portfolio. Stocks With High Implied Volatility We can use Barchart’s Stock Screener to find other stocks with high implied volatility. Let’s run thestock screenerwith the following filters: Total call volume: Greater than 2,000 Market Cap: Greater than 40 billion IV Percentile: Greater than 40% This screener produces the following results sorted by IV Percentile. Not many stocks with high volatility at the moment. You can refer to this article for details of how to find option trades for this earnings season. Last Week’s Earnings Moves Last week’s we only had one company of interest report earnings: BBY +3.9% vs 6.5% expected NIO -1.2% vs 9.5% expected PDD +15.4% vs 10.1% expected CHWY -12.3% vs 13.8% expected CRM +3.0% vs 7.2% expected CRWD +9.3% vs 8.7% expected AVGO -5.5% vs 7.5% expected DG -12.2% vs 7.9% expected LULU +6.0 % vs 9.0% expected UBS +5.6% vs 6.9% expected Overall, there were 7 out of 11 that stayed within the expected range. These earnings trades from last week on Dollar General worked out beautifully. Changes In Open Interest AMC, AMZN, PLTR, KVUE, INTC, GOOGL, TSLA and ZM saw some of the largest changes in open interest last week. Other stocks with large changes in open interest are shown below: Please remember that options are risky, and investors can lose 100% of their investment. This article is for education purposes only and not a trade recommendation. Remember to always do your own due diligence and consult your financial advisor before making any investment decisions. More Stock Market News from Barchart Bank Holiday, ISM and Other Can't Miss Items This Week Palo Alto Networks Stock Is a Major Bargain, Especially for Short Sellers of Its Puts 3 Mega-Cap Stocks to Buy in September Stocks Settle Mixed as Higher Bond Yields Undercut Tech Stocks On the date of publication, Gavin McMaster did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-09-02	AMC	Fintel reports that on September 1, 2023, Credit Suisse maintained coverage of AMC Entertainment Holdings Inc - (NYSE:AMC) with a Underperform recommendation. Analyst Price Forecast Suggests 63.19% Upside As of August 31, 2023, the average one-year price target for AMC Entertainment Holdings Inc - is 20.48. The forecasts range from a low of 4.46 to a high of $41.69. The average price target represents an increase of 63.19% from its latest reported closing price of 12.55. See our leaderboard of companies with the largest price target upside. The projected annual revenue for AMC Entertainment Holdings Inc - is 4,784MM, an increase of 12.26%. The projected annual non-GAAP EPS is -0.38. For more in-depth coverage of AMC Entertainment Holdings Inc -, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 451 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is a decrease of 7 owner(s) or 1.53% in the last quarter. Average portfolio weight of all funds dedicated to AMC is 0.25%, an increase of 65.26%. Total shares owned by institutions increased in the last three months by 10.90% to 154,318K shares. The put/call ratio of AMC is 1.00, indicating a bearish outlook. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,213K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 16,026K shares, representing an increase of 1.16%. The firm decreased its portfolio allocation in AMC by 18.02% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 13,404K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 13,548K shares, representing a decrease of 1.07%. The firm decreased its portfolio allocation in AMC by 17.33% over the last quarter. VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 9,280K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 9,515K shares, representing a decrease of 2.53%. The firm decreased its portfolio allocation in AMC by 17.07% over the last quarter. Geode Capital Management holds 7,372K shares representing 1.42% ownership of the company. In it's prior filing, the firm reported owning 7,165K shares, representing an increase of 2.81%. The firm decreased its portfolio allocation in AMC by 18.23% over the last quarter. VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 7,240K shares representing 1.39% ownership of the company. In it's prior filing, the firm reported owning 7,193K shares, representing an increase of 0.66%. The firm decreased its portfolio allocation in AMC by 15.67% over the last quarter. AMC Entertainment Holdings Background Information (This description is provided by the company.) AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Additional reading: CERTIFICATE OF ELIMINATION SERIES A CONVERTIBLE PARTICIPATING PREFERRED STOCK AMC ENTERTAINMENT HOLDINGS, INC. Pursuant to Section 151(g) of the General Corporation Law of the State of Delaware Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of AMC Entertainment Holdings, Inc. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-31	AMC	The NASDAQ 100 Pre-Market Indicator is up 17.56 to 15,479.99. The total Pre-Market volume is currently 27,691,040 shares traded. The following are the most active stocks for the pre-market session: Palantir Technologies Inc. (PLTR) is -0.49 at $15.84, with 2,790,847 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $0.03. PLTR's current last sale is 126.72% of the target price of $12.5. ProShares UltraPro Short QQQ (SQQQ) is -0.1 at $17.73, with 2,416,982 shares traded. This represents a 8.24% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is +0.29 at $42.35, with 2,089,202 shares traded. This represents a 163.04% increase from its 52 Week Low. ICICI Bank Limited (IBN) is -0.3002 at $23.05, with 1,302,958 shares traded. As reported by Zacks, the current mean recommendation for IBN is in the "strong buy range". Tilray Brands, Inc. (TLRY) is +0.09 at $2.75, with 1,108,266 shares traded. TLRY's current last sale is 115.79% of the target price of $2.375. Tesla, Inc. (TSLA) is +0.28 at $257.18, with 1,073,717 shares traded. TSLA's current last sale is 97.97% of the target price of $262.5. Hawaiian Electric Industries, Inc. (HE) is +0.94 at $14.57, with 889,090 shares traded. HE's current last sale is 171.41% of the target price of $8.5. AMC Entertainment Holdings, Inc. (AMC) is +0.5193 at $13.25, with 665,633 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.47. AMC's current last sale is 76.81% of the target price of $17.25. NIO Inc. (NIO) is +0.04 at $10.71, with 629,983 shares traded. NIO's current last sale is 71.4% of the target price of $15. KE Holdings Inc (BEKE) is +0.52 at $16.18, with 587,639 shares traded. As reported by Zacks, the current mean recommendation for BEKE is in the "buy range". VNET Group, Inc. (VNET) is -0.01 at $3.47, with 560,771 shares traded. As reported in the last short interest update the days to cover for VNET is 7.856256; this calculation is based on the average trading volume of the stock. Invesco QQQ Trust, Series 1 (QQQ) is +1.07 at $377.93, with 516,495 shares traded. This represents a 48.64% increase from its 52 Week Low. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-31	AMC	The average one-year price target for AMC Entertainment Holdings Inc - (NYSE:AMC) has been revised to 20.48 / share. This is an increase of 785.69% from the prior estimate of 2.31 dated August 1, 2023. The price target is an average of many targets provided by analysts. The latest targets range from a low of 4.46 to a high of 41.69 / share. The average price target represents an increase of 60.88% from the latest reported closing price of 12.73 / share. For more in-depth coverage of AMC Entertainment Holdings Inc -, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 456 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is a decrease of 4 owner(s) or 0.87% in the last quarter. Average portfolio weight of all funds dedicated to AMC is 0.25%, an increase of 65.27%. Total shares owned by institutions increased in the last three months by 10.90% to 154,361K shares. The put/call ratio of AMC is 1.03, indicating a bearish outlook. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,213K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 16,026K shares, representing an increase of 1.16%. The firm decreased its portfolio allocation in AMC by 18.02% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 13,404K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 13,548K shares, representing a decrease of 1.07%. The firm decreased its portfolio allocation in AMC by 17.33% over the last quarter. VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 9,280K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 9,515K shares, representing a decrease of 2.53%. The firm decreased its portfolio allocation in AMC by 17.07% over the last quarter. Geode Capital Management holds 7,372K shares representing 1.42% ownership of the company. In it's prior filing, the firm reported owning 7,165K shares, representing an increase of 2.81%. The firm decreased its portfolio allocation in AMC by 18.23% over the last quarter. VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 7,240K shares representing 1.39% ownership of the company. In it's prior filing, the firm reported owning 7,193K shares, representing an increase of 0.66%. The firm decreased its portfolio allocation in AMC by 15.67% over the last quarter. AMC Entertainment Holdings Background Information (This description is provided by the company.) AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Additional reading: CERTIFICATE OF ELIMINATION SERIES A CONVERTIBLE PARTICIPATING PREFERRED STOCK AMC ENTERTAINMENT HOLDINGS, INC. Pursuant to Section 151(g) of the General Corporation Law of the State of Delaware Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of AMC Entertainment Holdings, Inc. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-28	AMC	The NASDAQ 100 Pre-Market Indicator is up 72.59 to 15,014.42. The total Pre-Market volume is currently 30,581,845 shares traded. The following are the most active stocks for the pre-market session: Hawaiian Electric Industries, Inc. (HE) is +3.9386 at $13.60, with 4,074,417 shares traded., following a 52-week high recorded in prior regular session. Abcam plc (ABCM) is -0.91 at $22.45, with 3,859,303 shares traded.ABCM is scheduled to provide an earnings report on 8/31/2023, for the fiscal quarter ending Jun2023. Bank of America Corporation (BAC) is +0.13 at $28.63, with 3,642,492 shares traded. BAC's current last sale is 81.94% of the target price of $34.94. ProShares UltraPro Short QQQ (SQQQ) is -0.3 at $19.52, with 2,186,657 shares traded. This represents a 19.17% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is +0.6 at $38.64, with 1,785,888 shares traded. This represents a 140% increase from its 52 Week Low. Tesla, Inc. (TSLA) is +5.16 at $243.75, with 1,745,286 shares traded. TSLA's current last sale is 92.86% of the target price of $262.5. AMC Entertainment Holdings, Inc. (AMC) is -0.74 at $11.69, with 1,301,491 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.47. , following a 52-week high recorded in prior regular session. NIO Inc. (NIO) is +0.23 at $11.06, with 998,723 shares traded.NIO is scheduled to provide an earnings report on 8/29/2023, for the fiscal quarter ending Jun2023. The consensus earnings per share forecast is -0.36 per share, which represents a -25 percent increase over the EPS one Year Ago Direxion Daily TSLA Bull 1.5X Shares (TSLL) is +0.46 at $15.19, with 973,569 shares traded. This represents a 227.37% increase from its 52 Week Low. VinFast Auto Ltd. (VFS) is +11.13 at $79.90, with 873,623 shares traded., following a 52-week high recorded in prior regular session. XPeng Inc. (XPEV) is +0.9896 at $18.52, with 817,470 shares traded. XPEV's current last sale is 108.62% of the target price of $17.05. Procter & Gamble Company (The) (PG) is +0.02 at $153.56, with 456,262 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $1.71. As reported by Zacks, the current mean recommendation for PG is in the "buy range". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-28	AMC	Earnings season is starting to wind down, but we still have a handful of big names reporting. These include Best Buy (BBY), Nio (NIO), Salesforce (CRM), Crowdstrike (CRWD), Broadcom (AVGO) and Lululemon (LULU). Before a company reports earnings, implied volatility is usually high because the market is unsure about the outcome of the report. Speculators and hedgers create huge demand for the company’s options which increases the implied volatility, and therefore, the price of options. After the earnings announcement, implied volatility usually drops back down to normal levels. Let’s take a look at the expected range for these stocks. To calculate the expected range, look up the option chain and add together the price of the at-the-money put option and the at-the-money call option. Use the first expiry date after the earnings date. While this approach is not as accurate as a detailed calculation, it does serve as a reasonably accurate estimate. Monday Nothing of note Tuesday BBY – 6.5% NIO – 9.5% PDD – 10.1% SJM - 4.3% Wednesday CHWY – 13.8% CRM – 7.2% CRWD – 8.7% VMW - 5.5% Thursday AVGO – 7.5% CPB - 4.0% DG – 7.9% HRL - 4.0% LULU – 9.0% UBS – 6.9% Friday Nothing of note Option traders can use these expected moves to structure trades. Bearish traders can look at selling bear call spreads outside the expected range. Bullish traders can sell bull put spreads outside the expected range, or look at naked puts for those with a higher risk tolerance. Neutral traders can look at iron condors. When trading iron condors over earnings, it is best to keep the short strikes outside the expected range. When trading options over earnings, it is best to stick to risk defined strategies and keep position size small. If the stock makes a larger than expected move and the trade suffers a full loss, it should not have more than a 1-3% effect on your portfolio. Stocks With High Implied Volatility We can use Barchart’s Stock Screener to find other stocks with high implied volatility. Let’s run thestock screenerwith the following filters: Total call volume: Greater than 2,000 Market Cap: Greater than 40 billion IV Percentile: Greater than 70% This screener produces the following results sorted by IV Percentile. You can refer to this article for details of how to find option trades for this earnings season. Last Week’s Earnings Moves Last week’s actual versus expected moves are shown below: ZM -2.1% vs 10.8% expected BIDU +2.8% vs 6.6% expected MDT +2.6% vs 4.3% expected LOW +3.8% vs 4.2% expected DKS -24.2% vs 6.9% expected NVDA +0.1% vs 11.3% expected SNOW -5.2% vs 11.7% expected PTON -22.6% vs 20.4% expected FL -28.3% vs 11.8% expected ADSK +2.1% vs 6.5% expected DLTR -12.9% vs 7.7% expected MRVL -6.6% vs 10.0% expected ULTA -3.7% vs 6.7% expected Overall, there were 9 out of 13 that stayed within the expected range. DKS, PTON and FL had big misses. Changes In Open Interest FTCH, NKLA, PLUG, SNAP, AMC, FL, DIS, and AMD saw some of the largest changes in open interest last week. Other stocks with large changes in open interest are shown below: Please remember that options are risky, and investors can lose 100% of their investment. This article is for education purposes only and not a trade recommendation. Remember to always do your own due diligence and consult your financial advisor before making any investment decisions. More Stock Market News from Barchart Euro Currency: Examining the Potential for a Quick Flip Seasonal Trade 3 Stocks to Buy and Hold Forever Stocks End Higher on a Neutral Speech from Fed Chair Powell 3 Cathie Wood Stocks Beating the Nasdaq This Year On the date of publication, Gavin McMaster did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-28	AMC	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Meme stocks feel like a relic of a bygone era. Indeed, all of the meme stocks that I can think of have been totally crushed since their heyday. GameStop (NYSE:GME), AMC (NYSE:AMC) and Peloton (NASDAQ:PTON), to name several, are all trading tremendously below the all-time peaks that they attained in 2020 or 2021. And none of those names, in my opinion, is at all attractive even after their plunges. However, there are a few one-time meme stocks whose huge declines have been unjustified. These names all have upcoming positive catalysts, leaving them very well-positioned to rebound tremendously. Plug Power (PLUG) Source: Wirestock Creators / Shutterstock.com When it comes to Plug Power (NASDAQ:PLUG), the Street is obsessing with the trees and missing the forest. According to Barron’s, shares tanked in the wake of PLUG’s latest quarterly earnings report. This happened because the company revealed it has fallen behind on its plans to launch green hydrogen plants. But, the firm continues to make progress on that front as its Georgia factory is close to being fully operational. Additionally, it has four other plants either under construction or completed. And, the Street is also concerned about the company’s margins, but PLUG recently reported that by the end of this year its ability to produce its own green hydrogen. Finally, the Street is worried about the company’s potential need to obtain additional cash. However, during its Q2 earnings call, Plug reported that it was fairly close to receiving a $1 billion loan from the Department of Energy. If it obtains that its cash problems should be mostly solved for the foreseeable future. Bionano (BNGO) Source: Dennis Diatel / Shutterstock.com In the last few years, I’ve seen multiple experts quoted as saying that the optical genome mapping (OGM) method of DNA analysis enabled by Bionano (NASDAQ:BNGO) is far superior to much more widely used techniques. In the most recent example, a paper published by the College of American Pathologists stated that OGM allows researchers “to recognize (many) clinically relevant aberrations” missed by much more widely used methods. For example, in a recent study evaluating OGM’s ability to analyze a rare blood cancer in 100 samples, the technique identified DNA characteristics that were missed by standard techniques in 34 samples. In half of those 34 samples, the new information changed the risk assessment, according to the college. And importantly, it appears that insurers are noticing the positive impact that OGM can have on patients. Specifically, that BNGO is holding talks with Palmetto which authorizes coverage and reimbursement for molecular diagnostic tests in the U.S. BlackBerry (BB) Source: Denizce/Shutterstock A little-noticed development, combined with a possible impending split of BlackBerry (NYSE:BB), could be transformative for the company over the longer term. The little-noticed development was the adoption of a range of BlackBerry software and services by Foxconn. As part of the deal, Foxconn intends to launch the first EV incorporating BlackBerry’s offerings. Given Foxconn’s huge size, manufacturing acumen and tremendous profits, the company should be able to relatively quickly build and effectively market many EVs that incorporate BlackBerry’s software and app store. As a result, the deal should significantly boost BB’s top and bottom lines within the next year or two. Further, within the next several weeks, BlackBerry is expected to announce the results of its strategic review. I believe that the company may very well announce that it will split itself into two firms, cybersecurity and internet of things. I believe that the split would be bullish for the company’s shares. That’s because I think that, after the split, investors would have more respect for the tremendous growth and potential of the internet of things firm, which had a large royalty backlog of $640 million as of the end of March and the huge potential of its cybersecurity unit which extensively utilizes AI. On the date of publication, Larry Ramer held long positions in PLUG, BNGO and BB and a short position in GME. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post These Are the ONLY 3 Meme Stocks to Consider in August 2023 appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-25	AMC	The NASDAQ 100 Pre-Market Indicator is up 47.41 to 14,863.85. The total Pre-Market volume is currently 36,196,840 shares traded. The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is -0.16 at $20.15, with 3,359,558 shares traded. This represents a 23.02% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is +0.28 at $37.44, with 2,091,874 shares traded. This represents a 132.55% increase from its 52 Week Low. General Motors Company (GM) is +0.12 at $33.00, with 2,050,384 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $1.9. GM's current last sale is 71.74% of the target price of $46. Royalty Pharma plc (RPRX) is unchanged at $29.56, with 2,029,768 shares traded. As reported by Zacks, the current mean recommendation for RPRX is in the "buy range". NVIDIA Corporation (NVDA) is -1.83 at $469.80, with 1,250,918 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. The consensus EPS forecast is $2.02. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range". Corteva, Inc. (CTVA) is +0.3 at $49.95, with 1,215,974 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2023. The consensus EPS forecast is $0.26. As reported by Zacks, the current mean recommendation for CTVA is in the "buy range". Tesla, Inc. (TSLA) is -0.34 at $229.70, with 950,838 shares traded. TSLA's current last sale is 87.5% of the target price of $262.5. Hawaiian Electric Industries, Inc. (HE) is -2.16 at $9.70, with 821,920 shares traded. HE's current last sale is 114.12% of the target price of $8.5. Direxion Daily TSLA Bull 1.5X Shares (TSLL) is -0.0414 at $13.92, with 757,643 shares traded. This represents a 199.97% increase from its 52 Week Low. AMC Entertainment Holdings, Inc. (AMC) is +0.12 at $14.49, with 559,335 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.6. , following a 52-week high recorded in prior regular session. Palantir Technologies Inc. (PLTR) is +0.0202 at $14.16, with 538,067 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $0.03. PLTR's current last sale is 113.28% of the target price of $12.5. NIO Inc. (NIO) is +0.04 at $10.68, with 379,651 shares traded.NIO is scheduled to provide an earnings report on 8/29/2023, for the fiscal quarter ending Jun2023. The consensus earnings per share forecast is -0.36 per share, which represents a -25 percent increase over the EPS one Year Ago The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-24	AMC	By Lisa Richwine LOS ANGELES, Aug 24 (Reuters) - The Warner Bros WBD.O movie studio will delay the planned November release of a big-budget "Dune" sequel until March, a studio spokesperson said on Thursday, because its stars cannot promote the movie during the Hollywood actors' strike. The decision deals a blow to cinema chains such as AMC Entertainment AMC.N, Cineplex CGX.TO and Cinemark CNK.N which are still trying to recover from the COVID-19 pandemic. "Dune" was one of the most anticipated films on the late 2023 schedule. "Dune: Part Two" will now debut on March 15, a date that had been reserved for Warner Bros film "Godzilla x Kong: The New Empire." The monster movie was shifted to April 12. As a result, an animated "Lord of the Rings" film that had been set for April was moved to December. "Dune: Part Two" stars Zendaya and Timothée Chalamet in a sci-fi sequel based on Frank Herbert’s 1965 novel about an intergalactic battle to control a precious resource. The first installment, released in 2021 during the pandemic, generated $402 million at global box offices. Top stars have refused to promote upcoming projects since the SAG-AFTRA actors union joined striking Hollywood writers and walked off the job on July 14. The actors' strike has prompted other movie studios to adjust film schedules in the absence of celebrities to hit red carpets or talk shows to help build buzz. Sony Pictures 6758.T altered the release strategy for "Dumb Money," the film inspired by the story of everyday investors who outwitted Wall Street investors and got rich on the stock of videogame and electronics retailer GameStop GME.N. The film was originally scheduled to open nationwide on Sept. 22, though the studio adopted a more gradual release strategy to generate interest from audience reactions. The film will now open on a limited number of screens in New York and Los Angeles on Sept. 15 before expanding across the country on Oct. 6. Overall moviegoing this year remains below pre-pandemic levels despite the major boost this summer from the "Barbenheimer" frenzy around the films "Barbie" and "Oppenheimer." Other major films on the 2023 schedule at the moment include Walt Disney's DIS.N "The Marvels," a Lionsgate LGFa.N prequel to "The Hunger Games," and "Wonka," another Warner Bros film that also stars Chalamet. The strike by the Writers Guild of America (WGA), which began on May 2, has shut down most production of scripted televisions shows and some movie shoots. (Reporting by Lisa Richwine in Los Angeles Editing by Chris Reese and Matthew Lewis) ((lisa.richwine@thomsonreuters.com; Follow me on Twitter @LARichwine; 1-424-434-7324; Reuters Messaging: lisa.richwine.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-24	AMC	In trading on Thursday, entertainment shares were relative laggards, down on the day by about 3.2%. Helping drag down the group were shares of AMC Entertainment Holdings, down about 28% and shares of AMC Entertainment Holdings down about 21.1% on the day. Also lagging the market Thursday are aerospace & defense shares, down on the day by about 2.8% as a group, led down by Spirit AeroSystems Holdings, trading lower by about 13.1% and Archer Aviation, trading lower by about 8.6%. VIDEO: Thursday Sector Laggards: Entertainment, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-24	AMC	Fintel reports that on August 24, 2023, Wedbush upgraded their outlook for AMC Entertainment Holdings Inc - (NYSE:AMC) from Underperform to Neutral . Analyst Price Forecast Suggests 17.98% Upside As of August 2, 2023, the average one-year price target for AMC Entertainment Holdings Inc - is 2.31. The forecasts range from a low of 0.50 to a high of $4.72. The average price target represents an increase of 17.98% from its latest reported closing price of 1.96. See our leaderboard of companies with the largest price target upside. The projected annual revenue for AMC Entertainment Holdings Inc - is 4,784MM, an increase of 12.26%. The projected annual non-GAAP EPS is -0.38. For more in-depth coverage of AMC Entertainment Holdings Inc -, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 458 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to AMC is 0.25%, an increase of 67.21%. Total shares owned by institutions increased in the last three months by 10.96% to 154,378K shares. The put/call ratio of AMC is 0.49, indicating a bullish outlook. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,026K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 16,170K shares, representing a decrease of 0.90%. The firm increased its portfolio allocation in AMC by 12.65% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 13,548K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 13,699K shares, representing a decrease of 1.12%. The firm increased its portfolio allocation in AMC by 16.84% over the last quarter. VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 9,515K shares representing 1.83% ownership of the company. In it's prior filing, the firm reported owning 9,599K shares, representing a decrease of 0.88%. The firm increased its portfolio allocation in AMC by 21.53% over the last quarter. Geode Capital Management holds 7,372K shares representing 1.42% ownership of the company. In it's prior filing, the firm reported owning 7,165K shares, representing an increase of 2.81%. The firm decreased its portfolio allocation in AMC by 18.23% over the last quarter. VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 7,193K shares representing 1.39% ownership of the company. In it's prior filing, the firm reported owning 7,112K shares, representing an increase of 1.12%. The firm increased its portfolio allocation in AMC by 17.64% over the last quarter. AMC Entertainment Holdings Background Information (This description is provided by the company.) AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Additional reading: Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of AMC Entertainment Holdings, Inc. August 14, 2023 [Remainder of page intentionally left blank] Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-24	AMC	The NASDAQ 100 Pre-Market Indicator is up 143.42 to 15,291.48. The total Pre-Market volume is currently 30,508,496 shares traded. The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is -0.55 at $18.48, with 3,803,732 shares traded. This represents a 12.82% increase from its 52 Week Low. ProShares UltraPro QQQ (TQQQ) is +1.16 at $40.94, with 3,079,971 shares traded. This represents a 154.29% increase from its 52 Week Low. NVIDIA Corporation (NVDA) is +32.32 at $503.48, with 2,866,607 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2023. The consensus EPS forecast is $2.02. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range". Better Home & Finance Holding Company (BETR) is unchanged at $2.09, with 2,647,188 shares traded. Taysha Gene Therapies, Inc. (TSHA) is +0.21 at $2.43, with 1,220,743 shares traded. As reported in the last short interest update the days to cover for TSHA is 7.34132; this calculation is based on the average trading volume of the stock. Palantir Technologies Inc. (PLTR) is +0.53 at $15.83, with 1,169,720 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $0.03. PLTR's current last sale is 126.64% of the target price of $12.5. Tesla, Inc. (TSLA) is +3.44 at $240.30, with 1,139,398 shares traded. TSLA's current last sale is 91.54% of the target price of $262.5. AMC Entertainment Holdings, Inc. (AMC) is -2.25 at $17.35, with 777,193 shares traded., following a 52-week high recorded in prior regular session. NIO Inc. (NIO) is +0.16 at $11.00, with 723,104 shares traded.NIO is scheduled to provide an earnings report on 8/29/2023, for the fiscal quarter ending Jun2023. The consensus earnings per share forecast is -0.36 per share, which represents a -25 percent increase over the EPS one Year Ago Concord Acquisition Corp II (CNDA) is +0.015 at $10.35, with 350,126 shares traded. IonQ, Inc. (IONQ) is +0.28 at $16.38, with 334,657 shares traded. IONQ's current last sale is 91% of the target price of $18. C3.ai, Inc. (AI) is +1.2 at $33.80, with 278,229 shares traded. AI's current last sale is 125.19% of the target price of $27. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-23	AMC	The NASDAQ 100 Pre-Market Indicator is up 27.23 to 14,936.19. The total Pre-Market volume is currently 32,874,070 shares traded. The following are the most active stocks for the pre-market session: AMC Entertainment Holdings, Inc. (AMC) is -0.5304 at $2.02, with 15,529,897 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.06. , following a 52-week high recorded in prior regular session. ProShares UltraPro Short QQQ (SQQQ) is -0.01 at $19.97, with 3,505,744 shares traded. This represents a 21.92% increase from its 52 Week Low. Peloton Interactive, Inc. (PTON) is -1.89 at $5.10, with 3,359,984 shares traded. PTON's current last sale is 46.36% of the target price of $11. ProShares UltraPro QQQ (TQQQ) is +0.02 at $38.01, with 3,272,368 shares traded. This represents a 136.09% increase from its 52 Week Low. Foot Locker, Inc. (FL) is -6.95 at $16.25, with 2,608,873 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jul 2023. The consensus EPS forecast is $0.05. , following a 52-week high recorded in prior regular session. Tesla, Inc. (TSLA) is -5.64 at $227.55, with 2,567,956 shares traded. TSLA's current last sale is 86.69% of the target price of $262.5. Direxion Daily TSLA Bull 1.5X Shares (TSLL) is -0.53 at $13.74, with 1,353,428 shares traded. This represents a 196.12% increase from its 52 Week Low. Advanced Micro Devices, Inc. (AMD) is -0.26 at $105.40, with 1,220,650 shares traded. As reported by Zacks, the current mean recommendation for AMD is in the "buy range". AMTD Digital Inc. (HKD) is +0.36 at $6.73, with 1,046,040 shares traded. NIO Inc. (NIO) is -0.19 at $10.60, with 701,596 shares traded.NIO is scheduled to provide an earnings report on 8/29/2023, for the fiscal quarter ending Jun2023. The consensus earnings per share forecast is -0.36 per share, which represents a -25 percent increase over the EPS one Year Ago NextEra Energy, Inc. (NEE) is +0.23 at $67.75, with 611,328 shares traded. As reported by Zacks, the current mean recommendation for NEE is in the "buy range". Palantir Technologies Inc. (PLTR) is -0.07 at $14.60, with 423,964 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $0.03. PLTR's current last sale is 116.8% of the target price of $12.5. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-22	AMC	The NASDAQ 100 Pre-Market Indicator is up 115.29 to 15,051.98. The total Pre-Market volume is currently 50,044,911 shares traded. The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is -0.45 at $19.42, with 3,980,408 shares traded. This represents a 18.56% increase from its 52 Week Low. Tesla, Inc. (TSLA) is +9.6 at $240.88, with 3,368,516 shares traded. TSLA's current last sale is 91.76% of the target price of $262.5. ProShares UltraPro QQQ (TQQQ) is +0.89 at $39.05, with 3,350,618 shares traded. This represents a 142.55% increase from its 52 Week Low. Fulcrum Therapeutics, Inc. (FULC) is +1.72 at $5.64, with 3,317,253 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.43. FULC's current last sale is 86.77% of the target price of $6.5. Direxion Daily TSLA Bull 1.5X Shares (TSLL) is +0.86 at $14.96, with 1,803,240 shares traded. This represents a 222.41% increase from its 52 Week Low. NIO Inc. (NIO) is +0.44 at $11.39, with 1,780,721 shares traded.NIO is scheduled to provide an earnings report on 8/29/2023, for the fiscal quarter ending Jun2023. The consensus earnings per share forecast is -0.36 per share, which represents a -25 percent increase over the EPS one Year Ago Lucid Group, Inc. (LCID) is -0.03 at $6.23, with 1,446,871 shares traded. LCID's current last sale is 73.29% of the target price of $8.5. Macy's Inc (M) is -0.4301 at $14.30, with 882,545 shares traded. M's current last sale is 81.71% of the target price of $17.5. Palantir Technologies Inc. (PLTR) is +0.28 at $14.78, with 860,974 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $0.03. PLTR's current last sale is 118.24% of the target price of $12.5. Dick's Sporting Goods Inc (DKS) is -28.78 at $118.26, with 752,507 shares traded. As reported by Zacks, the current mean recommendation for DKS is in the "buy range". AMC Entertainment Holdings, Inc. (AMC) is -0.01 at $3.11, with 738,830 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2023. The consensus EPS forecast is $-0.06. , following a 52-week high recorded in prior regular session. IonQ, Inc. (IONQ) is +0.4015 at $14.82, with 464,875 shares traded. IONQ's current last sale is 82.34% of the target price of $18. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-21	AMC	Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.2%. In corporate news, AMC Entertainment (AMC) shares slumped almost 24%. The company may proceed with its stock conversion this week after the Delaware Supreme Court rejected a request to pause the plan pending an appeal arising from the settlement of a class action asserting direct claims on behalf of its stockholders, according to a Monday court filing. Skillz (SKLZ) shares jumped more than 16% after the company said Monday its board has approved a share buyback program of up to $65 million of its class A common stock. XPeng (XPEV) shares rose over 9% as the Chinese electric vehicle manufacturer is expecting cost reductions and its Volkswagen partnership to trim losses, CNBC reported, citing an interview with the company. Splash Beverage Group (SBEV) said it signed new or expanded distribution deals with Chicago's Lakeshore Beverage, Mississippi's Southern Beverage and Georgia's United Distributors. Splash Beverage shares were down more than 14%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-21	AMC	On August 21, 2023 at 14:52:31 ET an unusually large $250.56K block of Call contracts in AMC Entertainment Holdings Inc - (AMC) was sold, with a strike price of $1.00 / share, expiring in 4 day(s) (on August 25, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.19 sigmas above the mean, placing it in the 89.37th percentile of all recent large trades made in AMC options. This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted. What is the Fund Sentiment? There are 465 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is an increase of 6 owner(s) or 1.31% in the last quarter. Average portfolio weight of all funds dedicated to AMC is 0.24%, an increase of 56.26%. Total shares owned by institutions increased in the last three months by 7.18% to 149,084K shares. The put/call ratio of AMC is 1.46, indicating a bearish outlook. For more in-depth coverage of AMC Entertainment Holdings Inc -, view the free, crowd-sourced company research report on Finpedia. Analyst Price Forecast Suggests 43.46% Downside As of August 2, 2023, the average one-year price target for AMC Entertainment Holdings Inc - is 2.31. The forecasts range from a low of 0.50 to a high of $4.72. The average price target represents a decrease of 43.46% from its latest reported closing price of 4.09. See our leaderboard of companies with the largest price target upside. The projected annual revenue for AMC Entertainment Holdings Inc - is 4,784MM, an increase of 12.26%. The projected annual non-GAAP EPS is -0.38. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,026K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 16,170K shares, representing a decrease of 0.90%. The firm increased its portfolio allocation in AMC by 12.65% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 13,548K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 13,699K shares, representing a decrease of 1.12%. The firm increased its portfolio allocation in AMC by 16.84% over the last quarter. VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 9,515K shares representing 1.83% ownership of the company. In it's prior filing, the firm reported owning 9,599K shares, representing a decrease of 0.88%. The firm increased its portfolio allocation in AMC by 21.53% over the last quarter. Geode Capital Management holds 7,372K shares representing 1.42% ownership of the company. In it's prior filing, the firm reported owning 7,165K shares, representing an increase of 2.81%. The firm decreased its portfolio allocation in AMC by 18.23% over the last quarter. VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 7,193K shares representing 1.39% ownership of the company. In it's prior filing, the firm reported owning 7,112K shares, representing an increase of 1.12%. The firm increased its portfolio allocation in AMC by 17.64% over the last quarter. AMC Entertainment Holdings Background Information (This description is provided by the company.) AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Additional reading: Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of AMC Entertainment Holdings, Inc. August 14, 2023 [Remainder of page intentionally left blank] AMC Entertainment Holdings, Inc. Reports Second Quarter 2023 Results IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-18	AMC	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Medical Properties Trust Inc (Symbol: MPW), where a total of 217,050 contracts have traded so far, representing approximately 21.7 million underlying shares. That amounts to about 176% of MPW's average daily trading volume over the past month of 12.3 million shares. Particularly high volume was seen for the $7 strike put option expiring August 18, 2023, with 29,856 contracts trading so far today, representing approximately 3.0 million underlying shares of MPW. Below is a chart showing MPW's trailing twelve month trading history, with the $7 strike highlighted in orange: Activision Blizzard, Inc. (Symbol: ATVI) options are showing a volume of 123,957 contracts thus far today. That number of contracts represents approximately 12.4 million underlying shares, working out to a sizeable 170% of ATVI's average daily trading volume over the past month, of 7.3 million shares. Particularly high volume was seen for the $80 strike put option expiring October 20, 2023, with 25,113 contracts trading so far today, representing approximately 2.5 million underlying shares of ATVI. Below is a chart showing ATVI's trailing twelve month trading history, with the $80 strike highlighted in orange: And AMC Entertainment Holdings Inc. (Symbol: AMC) options are showing a volume of 736,364 contracts thus far today. That number of contracts represents approximately 73.6 million underlying shares, working out to a sizeable 134.9% of AMC's average daily trading volume over the past month, of 54.6 million shares. Particularly high volume was seen for the $4 strike put option expiring August 18, 2023, with 94,652 contracts trading so far today, representing approximately 9.5 million underlying shares of AMC. Below is a chart showing AMC's trailing twelve month trading history, with the $4 strike highlighted in orange: For the various different available expirations for MPW options, ATVI options, or AMC options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: AAL Historical Stock Prices Funds Holding FXB Funds Holding PSP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
2023-08-18	AMC	Fintel reports that on August 18, 2023, Citigroup maintained coverage of AMC Entertainment Holdings Inc - (NYSE:AMC) with a Sell recommendation. Analyst Price Forecast Suggests 42.76% Downside As of August 2, 2023, the average one-year price target for AMC Entertainment Holdings Inc - is 2.31. The forecasts range from a low of 0.50 to a high of $4.72. The average price target represents a decrease of 42.76% from its latest reported closing price of 4.04. See our leaderboard of companies with the largest price target upside. The projected annual revenue for AMC Entertainment Holdings Inc - is 4,784MM, an increase of 12.26%. The projected annual non-GAAP EPS is -0.38. For more in-depth coverage of AMC Entertainment Holdings Inc -, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 465 funds or institutions reporting positions in AMC Entertainment Holdings Inc -. This is an increase of 6 owner(s) or 1.31% in the last quarter. Average portfolio weight of all funds dedicated to AMC is 0.24%, an increase of 56.30%. Total shares owned by institutions increased in the last three months by 7.18% to 149,084K shares. The put/call ratio of AMC is 1.53, indicating a bearish outlook. What are Other Shareholders Doing? VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,026K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 16,170K shares, representing a decrease of 0.90%. The firm increased its portfolio allocation in AMC by 12.65% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 13,548K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 13,699K shares, representing a decrease of 1.12%. The firm increased its portfolio allocation in AMC by 16.84% over the last quarter. VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 9,515K shares representing 1.83% ownership of the company. In it's prior filing, the firm reported owning 9,599K shares, representing a decrease of 0.88%. The firm increased its portfolio allocation in AMC by 21.53% over the last quarter. VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 7,193K shares representing 1.39% ownership of the company. In it's prior filing, the firm reported owning 7,112K shares, representing an increase of 1.12%. The firm increased its portfolio allocation in AMC by 17.64% over the last quarter. Geode Capital Management holds 7,165K shares representing 1.38% ownership of the company. In it's prior filing, the firm reported owning 6,891K shares, representing an increase of 3.82%. The firm increased its portfolio allocation in AMC by 18.43% over the last quarter. AMC Entertainment Holdings Background Information (This description is provided by the company.) AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Additional reading: Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of AMC Entertainment Holdings, Inc. August 14, 2023 [Remainder of page intentionally left blank] Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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