AMC Was Once a Hot Meme Stock. Things Are Cooler These Days. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# AMC Was Once a Hot Meme Stock. Things Are Cooler These Days.By [Mackenzie Tatananni]ShareResize---ReprintsIn this article[AMC]AMC E ...

Core Insights - Opendoor Technologies experienced a 46% increase in home purchases, totaling 1,706 properties, but revenue fell by 32% year-over-year to $736 million [1] - The company holds $2 billion in net debt and has gross margins of 8.2%, amidst a historically weak U.S. housing market [1] - Opendoor's guidance for Q1 revenue is projected to decline by 10% sequentially to $662 million, with expected EBITDA losses between $33 million and $43 million [1] Financial Performance - Revenue for the fourth quarter was $736 million, exceeding analyst expectations of approximately $594 million, but down 20% from the previous quarter and 32% year-over-year [1] - Gross profit was reported at $57 million, resulting in a gross margin of 7.7%, while net losses reached $1.1 billion, primarily due to a $933 million non-cash charge related to refinancing convertible notes [1] - Sales volume decreased, with only 1,978 homes sold during the quarter, down from 2,568 in the third quarter and 2,822 a year ago [1] Market Conditions - The U.S. housing market is facing significant challenges, with the Pending Home Sales Index hitting an all-time low of 70.9 in January, down 43.3% from its peak in October 2021 [1] - Year-over-year home price growth slowed to 0.9% in December, and median list prices decreased by 2% [1] - Builder confidence has declined, with current sales flat and weaker forecasts for future sales and traffic [1] Strategic Focus - Opendoor's iBuying strategy is aimed at faster inventory turns and improved performance, with a notable 46% increase in home acquisitions [1] - The company has reduced fixed operating expenses to $35 million, down from $43 million a year earlier [1] - The share of homes on the market for over 120 days decreased from 51% to 33%, indicating progress in managing aging inventory [1]

Cogna Educação had its meme-stock moment during the pandemic. Now, it’s the professionals who are driving a frenetic rally. https://t.co/PE6Ev2nlWG ...

Gold Is Behaving More Like a Meme Stock These Days https://t.co/NMmFirGuHe ...

Core Insights - GameStop Corp. is currently in a transformative phase, with CEO Ryan Cohen focused on a significant acquisition strategy that could redefine the company's future [3][4] - The company is sitting on a substantial liquidity position of $9 billion, which is intended to be used for acquiring undervalued consumer businesses [3][4] - Cohen's performance-based compensation package is tied to achieving a market cap of $100 billion and $10 billion in EBITDA, indicating ambitious growth targets [4] Group 1 - The GameStop community is energized by social media discussions, particularly regarding CEO Ryan Cohen's current focus on a "monumental" project [1] - Silence from the company regarding specific acquisition targets is notable, as it can create significant speculation in the M&A landscape [2] - Cohen is actively searching for a major acquisition in the consumer or retail sector, aiming for businesses with "sleepy management teams" [3] Group 2 - The target profile for acquisitions includes durable and scalable consumer businesses that are larger than GameStop itself, indicating a strategic shift [4] - Michael Burry, known for his "Big Short" investment, has endorsed Cohen's vision of utilizing GameStop's cash reserves to acquire a profitable business [5] - The company is undergoing significant changes, with plans for store closures in 2026 as part of its transition to a new business model [6]

Group 1 - The silver market is experiencing a significant pullback due to reduced concerns over a U.S. government shutdown and a rebound in the U.S. dollar index, despite a monthly gain exceeding 60%, potentially marking the best monthly performance in history [1] - Hedge funds and large investors have engaged in substantial profit-taking in December, missing out on the recent surge in silver prices, with personal investors contributing a record net inflow of $921.8 million into silver-related ETFs from mid-December to mid-January [1] - The CFTC report indicates that net long positions in silver futures are approximately 11,326 contracts, down from about 50,000 contracts in June of the previous year, suggesting that institutional investors feel left behind in the current market dynamics [2] Group 2 - Current selling pressure in the silver market may extend towards two upward trend lines, with the first line projected to reach $100.46 and the second line expected to rise to $86.74 by Friday [3] - A breakthrough above $121.67 in silver prices could invalidate the current reversal pattern, leading to an upward shift in the previous retracement area, necessitating close monitoring of the intersection points of trend lines and retracement areas for stronger support [3]

Core Insights - Michael Burry has been purchasing shares of GameStop (GME), viewing it as a long-term value opportunity rather than a meme-stock speculation [1][2] - GameStop's stock price increased by 4.4% following Burry's disclosure, with an additional 1.5% rise in pre-market trading [1] Company Overview - GameStop specializes in new and pre-owned gaming consoles, accessories, and titles across both physical and digital platforms, as well as digital content, prepaid cards, downloadable software, and collectibles [1] Investment Perspective - Burry anticipates that GameStop may soon trade near 1x tangible book value/1x net asset value, making current levels attractive for investment [2] - The company has raised billions through equity offerings, resulting in a substantial cash reserve despite challenges in its core business [3] Insider Activity - GameStop's CEO, Cohen, has also invested in the company by purchasing 1 million shares, emphasizing the importance of aligning personal investment with shareholder interests [4] Valuation Metrics - GameStop's Price/Book (P/B) ratio is 1.94X, which is lower than the industry average of 2.02X and the S&P 500 average of 3.55X [5] - The Price/Sales (P/S) ratio stands at 2.70X, higher than the industry average of 1.62X but lower than the S&P 500 measure of 3.14X [5] Investment Vehicles - Investors can gain exposure to GameStop through various exchange-traded funds (ETFs) such as Grayscale Bitcoin Adopters ETF (BCOR), VanEck Video Gaming and eSports ETF (ESPO), and VanEck Social Sentiment ETF (BUZZ) [6][7]

Core Viewpoint - Intel's recent earnings report was disappointing, showing a revenue decline and a net loss, yet the stock has surged significantly, raising questions about its valuation and market perception [1][4]. Financial Performance - Intel reported Q4 revenue of $13.7 billion, a 4% decrease year over year, with a GAAP net loss of $0.6 billion and a loss of $0.12 per share [1]. - The company is expected to grow only 3% next year, which is significantly lower than competitors like Nvidia, projected to grow between 50% to 65% [4]. Stock Performance and Market Sentiment - Despite weak earnings, Intel's stock has increased by 24% in the past month and nearly 92% over the last six months [2]. - The stock's rise is attributed to endorsements from major players in the industry, which have re-priced Intel's narrative [5][6]. Industry Context - Intel is perceived as a laggard in the AI sector, with its stock movement driven more by hype and endorsements rather than solid financial performance [3][4]. - Significant investments from Nvidia ($5 billion) and SoftBank ($2 billion) have bolstered Intel's credibility in the market [6][7].

Core Insights - Michael Burry, a notable investor known for predicting the 2008 financial crisis, has expressed confidence in GameStop (GME) by revealing his ownership and recent purchases of the stock [1][2]. Company Performance - GameStop has faced challenges in reinventing its business model due to declining sales, leading to store closures [3]. - Following Burry's announcement, GameStop shares increased by over 4% on Monday, contributing to a 20% rise in value for the year 2026, although they remain significantly below the highs seen in early 2021 during the meme-stock phenomenon [3]. Management and Strategy - Burry has criticized GameStop CEO Ryan Cohen, suggesting that the current business is poorly managed and that Cohen is leveraging the meme stock trend to raise capital for future investments in more profitable ventures [4][6]. - GameStop is attempting to redefine its strategy by expanding into collectibles and investing in Bitcoin [4]. Investor Activity - The stock received a boost when it was reported that Ryan Cohen purchased 1 million shares of GameStop, indicating potential insider confidence in the company's future [5].

Core Viewpoint - Michael Burry has been purchasing shares of GameStop, viewing it as a long-term value investment rather than a speculative play on meme-stock volatility [1][2] Group 1: Investment Thesis - Burry expects to buy GameStop shares at a valuation close to 1x tangible book value and 1x net asset value, indicating a focus on the company's underlying assets [2][3] - Burry's investment thesis does not depend on a resurgence of meme-stock dynamics or a short squeeze, differentiating his approach from past speculative trading [3][4] Group 2: Company Performance and Strategy - GameStop has leveraged periods of heightened investor enthusiasm to raise billions through equity offerings, which has significantly improved its balance sheet [5] - Burry acknowledges the challenges faced by GameStop, describing it as having a "crappy business," but notes that CEO Ryan Cohen is effectively utilizing the current situation to strengthen the company [5] Group 3: CEO's Commitment - Ryan Cohen, GameStop's CEO, has increased his personal stake in the company by purchasing 1 million shares at an average price of approximately $21.36, totaling around $21.4 million [6][7] - Cohen emphasizes the importance of executives buying shares with their own money to align better with stockholders, reflecting a commitment to the company's long-term success [7]