Trade of the Day: Take a Gamble on Cinemark (CNK) Stock as Meme Frenzy Returns

Even though Cinemark beat Wall Street projections for the top and bottom lines for the first quarter, the downward trend is evident. In Q1 of this year, revenue came in at $579 million. However, in the year-ago quarter, sales stood at $611 million. Now, it's true that the Hollywood writers' strike impacted the entertainment offerings. Further, industry insiders are looking forward to a more exciting slate in the second half of this year and beyond. Still, the fundamental data isn't encouraging. And moviegoe ...