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Vanguard Has Upped Its Bet on AMC Stock by 23% Since the End of Q1
Investor Place· 2024-07-11 18:53
Shares of AMC Entertainment (NYSE:AMC) stock are in the spotlight following a Schedule 13G update from Vanguard.As of the end of the first quarter, Vanguard owned 24.80 million shares of AMC stock. The investment services company revealed in a filing that it now owns 30.51 million shares as of June 28, meaning that it increased its position by 5.71 million shares or by 23%. Its position is equivalent to a 10.32% ownership stake.There is a caveat here, however. Vanguard is one of the world’s largest exchange ...
3 Stocks to Avoid Like the Plague in 2024
Investor Place· 2024-07-11 10:00
Market Overview - The S&P 500 and Nasdaq have shown impressive year-to-date gains, but underlying warning signs exist that should not be ignored [1] - The market's resilience is notable despite elevated interest rates and global economic weakness, with strong consumer spending and business investment supporting steady GDP growth [1] - Many businesses are underperforming and may face further challenges in the upcoming quarters, suggesting that selling certain stocks may be prudent [1] GameSquare (GAME) - GameSquare is a Gen Z-oriented company focused on digital media but is struggling to connect with its target audience [2] - The company reported a net loss of $5.3 million in Q1 2024, which is $1 million higher than the previous year, raising liquidity concerns as short-term obligations exceed liquid assets [2] - GAME stock has experienced significant volatility, with a one-week price return of nearly -12%, and the company's widening losses and merger integration risks contribute to a bearish outlook [3] AMC Entertainment (AMC) - AMC is heavily burdened by debt and faces challenges competing with streaming services, leading to a grim outlook [4][5] - The company's stock has fallen over 85% in the past year, and S&P has downgraded its credit rating further into junk territory [5] - An acquisition by a larger player may be the only viable path forward for AMC, but the substantial debt may deter potential buyers [6] Ginkgo Bioworks (DNA) - Ginkgo Bioworks has encountered significant challenges, with Q1 revenue dropping 53% year-over-year to $38 million and net losses of $165.9 million [7] - The company has a dismal net margin of -437.25%, raising concerns about its ability to achieve profitability without drastic changes [7] - Ginkgo faces the risk of delisting from the NYSE if its stock price does not recover, and despite having $840 million in cash, its current burn rate limits its runway [8]
Stop Laughing: 3 Meme Stocks That Are No Longer Funny
Investor Place· 2024-07-10 12:06
Meme stocks to sell continue sounding the alarm bells this year.However, this year’s explosiveness in meme stocks is notably subdued compared to the original retail trading frenzy. Hence, the stock market seems to have evolved, and smart money is now approaching these stocks with greater caution and strategy.Moreover, according to Vanda Research, inflows into meme stocks are substantially lower compared to 2021, pointing to a steep decline in speculative interest. Also, most meme stock companies are struggl ...
Is ‘Despicable Me 4' Mania a Signal to Buy AMC Stock?
Investor Place· 2024-07-10 10:25
Monday was an excellent start to the week for AMC Entertainment (NYSE:AMC), with AMC stock during over 8% because of strong weekend box office sales. Fans of Despicable Me lined up for its fourth sequel, driving $230 million in gross box office sales worldwide and $122 million in the U.S. This success saw both ticket and merchandise sales at AMC theaters surge over the previous year.In the past weeks, AMC has been quite volatile. Currently, the company has a $1.6 billion market cap, and AMC stock is trading ...
AMC Entertainment (AMC) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-07-09 22:51
In the latest market close, AMC Entertainment (AMC) reached $5.46, with a -0.18% movement compared to the previous day. This change lagged the S&P 500's 0.07% gain on the day. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.14%.Shares of the movie theater operator witnessed a gain of 16.14% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 2.27% and the S&P 500's gain of 4.34%.Market participants will be closely following the fi ...
Sight & Sound Partners to Premiere Their First Ever LIVE Broadcast into Movie Theaters Nationwide, Courtesy of Fathom Events
Newsfilter· 2024-07-09 14:00
Core Insights - Sight & Sound is partnering with Fathom Events to broadcast a live production, DANIEL — Live!, into movie theaters nationwide for the first time, aiming to reach audiences who cannot attend in person [1][3] - The production will be broadcast live from Lancaster, PA on August 30, 2024, featuring a story about Daniel and his friends facing challenges in Babylon [1][2] Company Overview - Sight & Sound is a storytelling company that has inspired over 30 million people since its inception in 1976, focusing on true stories of redemption from scripture and history [4] - The company operates two live-theater venues and has welcomed over a million visitors annually, with a recent expansion into online streaming and feature films [5] Collaboration Details - Previous collaborations between Sight & Sound and Fathom Events include successful theatrical releases, such as the family Christmas film "I Heard The Bells," which grossed over $5.6 million at the box office in 2022 and 2023 [3] - Fathom Events is a leading distributor of content to movie theaters in North America, operating the largest cinema distribution network [6]
AMC Entertainment enjoys Despicable merch boost in record July 4 week
Proactiveinvestors NA· 2024-07-09 10:47
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
8-11% Dividend Yields To Buy In July 2024
Seeking Alpha· 2024-07-08 20:57
JamesBreyInvesting in high-yield stocks, if done properly, is one of the surest paths to generating attractive long-term total returns as well as building a large passive income stream that can facilitate an accelerated retirement timeline. This is because if you live off of dividends rather than capital appreciation, you never have to sell shares to finance your retirement lifestyle and therefore have a much more consistent and predictable return stream and can even be agnostic to volatility in the sto ...
From Pump to Dump: 3 Meme Stocks Headed for a Massive Crash
Investor Place· 2024-06-30 12:00
Meme stocks are some of the most dangerous investments to make right now. In my view, now may be a good time to sell many top meme stocks that have gone on big runs. Of course, investors can always put some “fun money” into these stocks as high-risk gambles. However, I would not recommend chasing the current meme stock rally. Most meme stocks have legacy underlying businesses that are bleeding cash and have negative growth. These companies are unlikely to provide long-term returns. In fact, they’re more lik ...
Can AMC Escape Penny-Stock Hell in 2024?
Investor Place· 2024-06-29 13:45
AMC Entertainment (NYSE:AMC) stock has spent all but 14 days trading in penny-stock hell so far this year. Except for a couple of short bursts like when it jumped 135% in two days trading, meme-stock investors hoping for a 2021-style revival aren’t likely to get their wish. Although I’m the last person on earth that would write something positive about AMC stock — I recently called it “radioactive” — part of what I do as a writer is to examine possible events that could turn a stock from toxic to must-own. ...