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2021-03-16

$AMC Entertainment(AMC)$just remember that we're on the same ship ?

2021-03-24

$SINGAPORE AIRLINES LTD(C6L.SI)$Time to DCA

2021-03-18

Write what you want. Apes will hold strong. GLHF

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2021-03-26

Meme-ing or meming? The hell?

GameStop, AMC and other meme stocks are meming again

Go to Tiger App to see more news

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The hell?&nbsp;","listText":"Meme-ing or meming? The hell?&nbsp;","text":"Meme-ing or meming? The hell?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356366787","repostId":"1193639825","repostType":2,"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351107755,"gmtCreate":1616571947977,"gmtModify":1704795799266,"author":{"id":"3577152648048017","authorId":"3577152648048017","name":"BruisedWayne","avatar":"https://static.tigerbbs.com/e58a35ea1d31510244e32f35eb31cafd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577152648048017","authorIdStr":"3577152648048017"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>Time to DCA&nbsp;","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>Time to DCA&nbsp;","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$Time to DCA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351107755","isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327649099,"gmtCreate":1616082205211,"gmtModify":1704790807174,"author":{"id":"3577152648048017","authorId":"3577152648048017","name":"BruisedWayne","avatar":"https://static.tigerbbs.com/e58a35ea1d31510244e32f35eb31cafd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577152648048017","authorIdStr":"3577152648048017"},"themes":[],"htmlText":"Write what you want. Apes&nbsp;will hold strong. GLHF","listText":"Write what you want. Apes&nbsp;will hold strong. GLHF","text":"Write what you want. Apes will hold strong. GLHF","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327649099","repostId":"1129519091","repostType":2,"repost":{"id":"1129519091","kind":"news","pubTimestamp":1616038232,"share":"https://ttm.financial/m/news/1129519091?lang=&edition=fundamental","pubTime":"2021-03-18 11:30","market":"us","language":"en","title":"AMC: Why This Meme Stock Is Just Too Risky","url":"https://stock-news.laohu8.com/highlight/detail?id=1129519091","media":"InvestorPlace","summary":"AMC stock rebounded sharply thanks to emotion-driven sentiment and Reddit support, not fundamentalsS","content":"<p>AMC stock rebounded sharply thanks to emotion-driven sentiment and Reddit support, not fundamentals</p><p>Shares of&nbsp;<b>AMC Entertainment Holdings</b>&nbsp;(NYSE:<b><u>AMC</u></b>) have been on a tear lately for a mix of reasons. It has been a meme stock, it has been a coronavirus reopening bet, and it has been severely negatively impacted by the outbreak of COVID-19 globally. Is AMC stock a buy now? And is it a value stock or a growth stock?</p><p>The&nbsp;S&amp;P 500 Global has issued a special report on meme stock mania&nbsp;featuring the extreme price volatility due to short squeeze, dangers to risk management, regulatory scrutiny and a potential market bubble.</p><p>Let’s demystify the recent surge of the AMC stock price.</p><p><b>AMC Stock and Meme Stock Mania</b></p><p>Back in March 2020, AMC stock was trading at about $3 per share. Then in late January 2021, the stock reached a 52-week high of $20.36 and has been subject to a sell-off trading near $13 per share. The big question is why this surge of its stock price?</p><p>There was no material news, which is the key driver of stock movements. There was only headline news about a specific Reddit forum that supported some stocks and caused a massive short squeeze. Was it justified?</p><p>The answer is no. It was pure speculation. And many investors were lured by the FOMO effect and pushed AMC stock higher. In the pursuit of making big profits too fast, there was speculation that nourished the gigantic AMC stock price move in the bubble territory. Because AMC has a deep structural financial problem. Or to be more correct, a mix of financial worries that make it too risky.</p><p><b>Recipe for a Risky Financial Situation</b></p><p>The fourth-quarter and full-year 2020 financial results have been revealing the magnitude of poor financial performance due to the pandemic. I will focus on a recent report by&nbsp;Yahoo Finance: “Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency.”</p><p>AMC Chief Executive Officer Adam Aron stated, “With no controlling shareholder in place now, AMC will be governed, just as most other publicly traded companies, with a wide array of shareholders.”</p><p>This, in theory, seems a good idea. But to me, having the largest shareholder of the company reducing its stake significantly means a disapproval or worries about the future of the company, rather than positive news. It means that the largest shareholder estimates that perhaps other more attractive investments exist elsewhere. And judging by the&nbsp;latest economic performance of AMC, chances are that he has performed due diligence and was notpleased by the financial performance.</p><ul><li>For the 2020 full-year, revenue dropped 77.3% to $1.24 billion from $5.47 billion in 2019.</li><li>A net loss of $4.58 billion occurred compared to a net loss of $149.1 million in 2019.</li><li>A negative free cash flow of $1.3 billion compared to a positive free cash flow of $60.9 million in 2019.</li></ul><p>The results were not good at all. But what is worrying is that the company decided to make a significant capital change by raising debt and issuing stock. It converted debt to equity. And that created stock dilution for shareholders, which is negative news.</p><p><b>Weak Performance</b></p><p>Even before the pandemic, the financial performance was not great. According to data from<i>MorningStar,</i>the net margin for the years 2015 to 2019 peaked at 3.52% in 2015. And interestingly, in 2015, the free cash flow also peaked at $134 million. Free cash flow was negative for 2017 and 2018. And in 2019, when the pandemic was not present, the company had net losses of $149 million.</p><p>What I am most worried though is the interest coverage for AMC. This financial ratio is calculated by dividing EBIT by the company’s interest expense and is a measure of liquidity and financial strength. The higher the ratio, the better for any company. It indicates that the company can pay its interest expenses on outstanding debt with its operating profit.</p><p>A dramatic decline has happened for AMC and its interest coverage ratio. In 2015, the interest coverage ratio was 2.54, while in 2019, it was 0.50 and for the trailing 12 months is was -9.24. This -9.24 is not sustainable and can lead to bankruptcy.</p><p>According to&nbsp;<i>GuruFocus</i>, AMC Entertainment Holdings Altman Z-Score is -1.01 (as of March 15) and that means distress and bankruptcy possibility in the next two years.</p><p><b>Popular But Not Attractive</b></p><p>The book value per share has also declined too much in the past five years. Book value per share is an indication of the valuation of the stock. In 2015, it was $15.58. For the trailing twelve months itstands at $-8.51. Not a good number. And certainly, it does not make AMC stock a bargain stock. On the contrary, a negative book value per share makes the stock too expensive.</p><p>Investing is about changes in forecasts and future returns, a dynamic process. The launch of&nbsp;<b>VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF</b>&nbsp;(NYSEARCA:<b><u>BUZZ)</u></b>&nbsp;is an ETF that will focus on meme stocks, hot stocks in social media and headlines as an investment strategy.</p><p>This ETF may contain AMC stock. But ignoring the valuation metrics is not the argument to rush in and invest. I am not saying that this ETF cannot perform well. But I do not like the investment philosophy, and for sure I do not like AMC stock.</p><p><b>Tough Times Ahead</b></p><p>A popular proverb, “When the going gets tough, the tough get going,” now applies to AMC stock. The management of the company decided to take action and make significant changes to its capital structure. But there is too much risk now.</p><p>The reopening of the global economy is positive news for the company. But at the latest stock price, and with a weak financial strength, investing in the stock seems too risky. Do not get carried away by its meteoric stock price in 2021. It is not cheap. On the contrary, it is too overvalued. And the debt level is too worrying. Wait for some quarters to evaluate the return to normality should you decide to invest in AMC stock.</p><p>Meme stocks hardly ever are growth stocks or value stocks. Prudent investors see the management’s optimism for AMC and the latest economic results are far from inspiring. Choose wisely.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC: Why This Meme Stock Is Just Too Risky</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC: Why This Meme Stock Is Just Too Risky\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/amc-stock-why-this-meme-stock-is-just-too-risky/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC stock rebounded sharply thanks to emotion-driven sentiment and Reddit support, not fundamentalsShares of AMC Entertainment Holdings (NYSE:AMC) have been on a tear lately for a mix of reasons. It ...</p>\n\n<a href=\"https://investorplace.com/2021/03/amc-stock-why-this-meme-stock-is-just-too-risky/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://investorplace.com/2021/03/amc-stock-why-this-meme-stock-is-just-too-risky/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129519091","content_text":"AMC stock rebounded sharply thanks to emotion-driven sentiment and Reddit support, not fundamentalsShares of AMC Entertainment Holdings (NYSE:AMC) have been on a tear lately for a mix of reasons. It has been a meme stock, it has been a coronavirus reopening bet, and it has been severely negatively impacted by the outbreak of COVID-19 globally. Is AMC stock a buy now? And is it a value stock or a growth stock?The S&P 500 Global has issued a special report on meme stock mania featuring the extreme price volatility due to short squeeze, dangers to risk management, regulatory scrutiny and a potential market bubble.Let’s demystify the recent surge of the AMC stock price.AMC Stock and Meme Stock ManiaBack in March 2020, AMC stock was trading at about $3 per share. Then in late January 2021, the stock reached a 52-week high of $20.36 and has been subject to a sell-off trading near $13 per share. The big question is why this surge of its stock price?There was no material news, which is the key driver of stock movements. There was only headline news about a specific Reddit forum that supported some stocks and caused a massive short squeeze. Was it justified?The answer is no. It was pure speculation. And many investors were lured by the FOMO effect and pushed AMC stock higher. In the pursuit of making big profits too fast, there was speculation that nourished the gigantic AMC stock price move in the bubble territory. Because AMC has a deep structural financial problem. Or to be more correct, a mix of financial worries that make it too risky.Recipe for a Risky Financial SituationThe fourth-quarter and full-year 2020 financial results have been revealing the magnitude of poor financial performance due to the pandemic. I will focus on a recent report by Yahoo Finance: “Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency.”AMC Chief Executive Officer Adam Aron stated, “With no controlling shareholder in place now, AMC will be governed, just as most other publicly traded companies, with a wide array of shareholders.”This, in theory, seems a good idea. But to me, having the largest shareholder of the company reducing its stake significantly means a disapproval or worries about the future of the company, rather than positive news. It means that the largest shareholder estimates that perhaps other more attractive investments exist elsewhere. And judging by the latest economic performance of AMC, chances are that he has performed due diligence and was notpleased by the financial performance.For the 2020 full-year, revenue dropped 77.3% to $1.24 billion from $5.47 billion in 2019.A net loss of $4.58 billion occurred compared to a net loss of $149.1 million in 2019.A negative free cash flow of $1.3 billion compared to a positive free cash flow of $60.9 million in 2019.The results were not good at all. But what is worrying is that the company decided to make a significant capital change by raising debt and issuing stock. It converted debt to equity. And that created stock dilution for shareholders, which is negative news.Weak PerformanceEven before the pandemic, the financial performance was not great. According to data fromMorningStar,the net margin for the years 2015 to 2019 peaked at 3.52% in 2015. And interestingly, in 2015, the free cash flow also peaked at $134 million. Free cash flow was negative for 2017 and 2018. And in 2019, when the pandemic was not present, the company had net losses of $149 million.What I am most worried though is the interest coverage for AMC. This financial ratio is calculated by dividing EBIT by the company’s interest expense and is a measure of liquidity and financial strength. The higher the ratio, the better for any company. It indicates that the company can pay its interest expenses on outstanding debt with its operating profit.A dramatic decline has happened for AMC and its interest coverage ratio. In 2015, the interest coverage ratio was 2.54, while in 2019, it was 0.50 and for the trailing 12 months is was -9.24. This -9.24 is not sustainable and can lead to bankruptcy.According to GuruFocus, AMC Entertainment Holdings Altman Z-Score is -1.01 (as of March 15) and that means distress and bankruptcy possibility in the next two years.Popular But Not AttractiveThe book value per share has also declined too much in the past five years. Book value per share is an indication of the valuation of the stock. In 2015, it was $15.58. For the trailing twelve months itstands at $-8.51. Not a good number. And certainly, it does not make AMC stock a bargain stock. On the contrary, a negative book value per share makes the stock too expensive.Investing is about changes in forecasts and future returns, a dynamic process. The launch of VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF (NYSEARCA:BUZZ) is an ETF that will focus on meme stocks, hot stocks in social media and headlines as an investment strategy.This ETF may contain AMC stock. But ignoring the valuation metrics is not the argument to rush in and invest. I am not saying that this ETF cannot perform well. But I do not like the investment philosophy, and for sure I do not like AMC stock.Tough Times AheadA popular proverb, “When the going gets tough, the tough get going,” now applies to AMC stock. The management of the company decided to take action and make significant changes to its capital structure. But there is too much risk now.The reopening of the global economy is positive news for the company. But at the latest stock price, and with a weak financial strength, investing in the stock seems too risky. Do not get carried away by its meteoric stock price in 2021. It is not cheap. On the contrary, it is too overvalued. And the debt level is too worrying. Wait for some quarters to evaluate the return to normality should you decide to invest in AMC stock.Meme stocks hardly ever are growth stocks or value stocks. Prudent investors see the management’s optimism for AMC and the latest economic results are far from inspiring. Choose wisely.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325490976,"gmtCreate":1615910048995,"gmtModify":1704788418985,"author":{"id":"3577152648048017","authorId":"3577152648048017","name":"BruisedWayne","avatar":"https://static.tigerbbs.com/e58a35ea1d31510244e32f35eb31cafd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577152648048017","authorIdStr":"3577152648048017"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>just remember that we're on the same ship ?","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>just remember that we're on the same ship ?","text":"$AMC Entertainment(AMC)$just remember that we're on the same ship ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325490976","isVote":1,"tweetType":1,"viewCount":405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":325490976,"gmtCreate":1615910048995,"gmtModify":1704788418985,"author":{"id":"3577152648048017","authorId":"3577152648048017","name":"BruisedWayne","avatar":"https://static.tigerbbs.com/e58a35ea1d31510244e32f35eb31cafd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577152648048017","authorIdStr":"3577152648048017"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>just remember that we're on the same ship ?","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>just remember that we're on the same ship ?","text":"$AMC Entertainment(AMC)$just remember that we're on the same ship ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325490976","isVote":1,"tweetType":1,"viewCount":405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351107755,"gmtCreate":1616571947977,"gmtModify":1704795799266,"author":{"id":"3577152648048017","authorId":"3577152648048017","name":"BruisedWayne","avatar":"https://static.tigerbbs.com/e58a35ea1d31510244e32f35eb31cafd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577152648048017","authorIdStr":"3577152648048017"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>Time to DCA&nbsp;","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>Time to DCA&nbsp;","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$Time to DCA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351107755","isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327649099,"gmtCreate":1616082205211,"gmtModify":1704790807174,"author":{"id":"3577152648048017","authorId":"3577152648048017","name":"BruisedWayne","avatar":"https://static.tigerbbs.com/e58a35ea1d31510244e32f35eb31cafd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577152648048017","authorIdStr":"3577152648048017"},"themes":[],"htmlText":"Write what you want. Apes&nbsp;will hold strong. GLHF","listText":"Write what you want. Apes&nbsp;will hold strong. GLHF","text":"Write what you want. Apes will hold strong. GLHF","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327649099","repostId":"1129519091","repostType":2,"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356366787,"gmtCreate":1616757185049,"gmtModify":1704798440359,"author":{"id":"3577152648048017","authorId":"3577152648048017","name":"BruisedWayne","avatar":"https://static.tigerbbs.com/e58a35ea1d31510244e32f35eb31cafd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577152648048017","authorIdStr":"3577152648048017"},"themes":[],"htmlText":"Meme-ing or meming? The hell?&nbsp;","listText":"Meme-ing or meming? The hell?&nbsp;","text":"Meme-ing or meming? The hell?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356366787","repostId":"1193639825","repostType":2,"repost":{"id":"1193639825","kind":"news","pubTimestamp":1616741747,"share":"https://ttm.financial/m/news/1193639825?lang=&edition=fundamental","pubTime":"2021-03-26 14:55","market":"us","language":"en","title":"GameStop, AMC and other meme stocks are meming again","url":"https://stock-news.laohu8.com/highlight/detail?id=1193639825","media":"CNN Business","summary":"New York (CNN Business) - Meme stocks were back in business Thursday, as investors bought up shares ","content":"<p><b>New York (CNN Business)&nbsp;-</b>&nbsp;Meme stocks were back in business Thursday, as investors bought up shares of GameStop, boosting other Reddit-favorite stocks along with it.</p>\n<p>GameStop&nbsp;(GME)&nbsp;soared nearly 53% Thursday, lifted by&nbsp;investors' hopes&nbsp;that a board overhaul could transform the video game store into a digital-first&nbsp;Amazon(AMZN)&nbsp;competitor. The company announced Tuesday that former Amazon fulfillment chief Jenna Owens would take over as GameStop's chief operating officer.</p>\n<p>The company also said that it would replace its chief financial officer and shrink its board to nine directors from the current 13. Eight of GameStop's current directors will not seek reelection at the company's annual meeting later this year.</p>\n<p>The company's stock has taken a pounding over the past few weeks -- particularly on Wednesday, when GameStop tumbled 33% following its&nbsp;miserable earnings report. Although it highlighted a few bright spots, including exploding digital growth, overall sales and profit fell short of&nbsp;Wall Street expectations.</p>\n<p>But the Reddit army on subreddit WallStreetBets is a mighty one, and they were hopeful that GameStop had been oversold. The company's stock had plummeted 54% over the past two weeks, and they believe GameStop was getting cheap.</p>\n<p>As shares of GameStop got a boost, so too did other chronically shorted meme stocks that redditors have sent on a wild ride this year. For example,AMC's&nbsp;(AMC)&nbsp;stock was up 21% and&nbsp;Koss&nbsp;(KOSS)&nbsp;rose 57%.Macy's&nbsp;(M)&nbsp;rose about 8%.</p>\n<p>AMC had been beaten to a pulp earlier this week after Disney announced it would delay \"Black Widow\" yet again and then premiere the Marvel superhero film&nbsp;simultaneously&nbsp;on Disney+ and in theaters. The movie theater company's stock had been down 35% this week.</p>\n<p>Meme stocks soared as the broader market was having trouble figuring out what to do. TheS&amp;P 500(SPX)was 0.5% higher, and the&nbsp;Dow&nbsp;(INDU)&nbsp;was up 199 points, or 0.6%. But tech lagged behind, with the&nbsp;Nasdaq&nbsp;(COMP)&nbsp;rising just 0.1% a day after it tumbled 2% on renewed fears about rising bond yields.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop, AMC and other meme stocks are meming again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop, AMC and other meme stocks are meming again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 14:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/03/25/investing/gamestop-amc-meme-stocks/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) - Meme stocks were back in business Thursday, as investors bought up shares of GameStop, boosting other Reddit-favorite stocks along with it.\nGameStop (GME) soared nearly 53% ...</p>\n\n<a href=\"https://edition.cnn.com/2021/03/25/investing/gamestop-amc-meme-stocks/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","M":"梅西百货","KOSS":"高斯电子","GME":"游戏驿站"},"source_url":"https://edition.cnn.com/2021/03/25/investing/gamestop-amc-meme-stocks/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193639825","content_text":"New York (CNN Business) - Meme stocks were back in business Thursday, as investors bought up shares of GameStop, boosting other Reddit-favorite stocks along with it.\nGameStop (GME) soared nearly 53% Thursday, lifted by investors' hopes that a board overhaul could transform the video game store into a digital-first Amazon(AMZN) competitor. The company announced Tuesday that former Amazon fulfillment chief Jenna Owens would take over as GameStop's chief operating officer.\nThe company also said that it would replace its chief financial officer and shrink its board to nine directors from the current 13. Eight of GameStop's current directors will not seek reelection at the company's annual meeting later this year.\nThe company's stock has taken a pounding over the past few weeks -- particularly on Wednesday, when GameStop tumbled 33% following its miserable earnings report. Although it highlighted a few bright spots, including exploding digital growth, overall sales and profit fell short of Wall Street expectations.\nBut the Reddit army on subreddit WallStreetBets is a mighty one, and they were hopeful that GameStop had been oversold. The company's stock had plummeted 54% over the past two weeks, and they believe GameStop was getting cheap.\nAs shares of GameStop got a boost, so too did other chronically shorted meme stocks that redditors have sent on a wild ride this year. For example,AMC's (AMC) stock was up 21% and Koss (KOSS) rose 57%.Macy's (M) rose about 8%.\nAMC had been beaten to a pulp earlier this week after Disney announced it would delay \"Black Widow\" yet again and then premiere the Marvel superhero film simultaneously on Disney+ and in theaters. The movie theater company's stock had been down 35% this week.\nMeme stocks soared as the broader market was having trouble figuring out what to do. TheS&P 500(SPX)was 0.5% higher, and the Dow (INDU) was up 199 points, or 0.6%. But tech lagged behind, with the Nasdaq (COMP) rising just 0.1% a day after it tumbled 2% on renewed fears about rising bond yields.","news_type":1},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}