$AMC Entertainment(AMC)$ took a beating this week after disclosing its preliminary first-quarter results which showed a quarterly loss, an aftermath from earlier Hollywood writers and actors strikes that has adversely impacted the box office. The pandemic had taken a toll on the movie theatre chain, while crowds have not returned in hordes to its cinemas despite easing of the pandemic restrictions, as the world adapts to the new normal and has been accustomed to the streaming media platforms such as Disney and Netflix that have been luring away viewers with their rich contents and on-demand watching anywhere, anytime. Unless AMC is able to reinvent itself to fend off rising competition from the streaming m
For meme stocks, I would like to continue my weekly review on AMC and FFIE, through technical analysis. AMC AMC traded more than 11% lower early last week after the company revealed preliminary, unaudited first quarter financial results along with a warning about the continued negative impact of the dual 2023 Hollywood writers and actors strikes on box office returns. The company will report its full financial results for the first quarter after the stock market closes on Wednesday, May 8, 2024. AMC daily chart For AMC chart, we can observe that the stock forms a higher low recently and currently well supported above 2.90 USD. Everything seems to be healthy now. Next week earnings will be a key decider for the stock price. I choose to vote bullish for
Hello everyone! Today I want to share some option strategies with you!1.Whoa ... didn't realized that $MercadoLibre(MELI)$ was announcing earnings after the bell today. Sold-to-open the July 19 $1140 strike put. Volume point-of-control around 1200. Picked a strike (1140) slightly below at a multi-touch bottom point.Image2. $Block(SQ)$ releases earnings after the bell today. Currently have a 62.5p in play and am purposely trying to get back shares lost on the last earnings release due to a covered call (luckily, lost it for profit). The 62.5 level targets a previous bottom of a consolidation range prior to the last earnings release.Image3.Calling all $SoFi Technologies
Meme Stock AMC is down 51% year todate. Is it a Buy?
🌟🌟🌟$AMC Entertainment(AMC)$ has released its preliminary results for Q1 24 last Friday on April 26. According to CEO Adam Aaron, AMC's financial results were stronger than consensus analysts estimates. Net Loss for Q1 24 will come in at USD 163.5 million which he said is a solid improvement compared to previous year quarter's Net Loss of USD 235.5 million. However AMC estimates Revenue to be USD 951.4 million, down from USD 954.4 million the previous year. This was due to the box office in Q1 24 being adversely impacted by the 2023 Hollywood writers and actors strikes. Adam Aaron also expressed optimism about upcoming film releases and expects to see an increasingly strong box office as
$Tesla Motors(TSLA)$ this stock always give surprises and fluctuate greatly depending on the random news for the day, despite the fact that it is a company with great business fundamentals and the market leader for the EV market. As volatile as meme stocks like $AMC Entertainment(AMC)$ yet as stable as the tech giants like $Alphabet(GOOG)$ . One of the best stocks for short term trades and long term investment. Thank you for the profit opportunity!
OpenText (NASDAQ:OTEX) sells AMC for $2.3B, aims to slash debt
Full story: https://grafa.com/news/opentext--nasdaq-otex--sells-amc-for--2-3b--aims-to-slash-debt-216340 Open Text Corporation (NASDAQ:OTEX) has announced the successful completion of its divestiture of the AMC/Mainframe business to Rocket Software, a Bain Capital portfolio company, for $2.275 billion in cash before taxes, fees, and other adjustments. Mark J. Barrenechea, CEO & CTO of OpenText, expressed satisfaction with the deal, stating, "We are pleased to complete the divestiture of our AMC/Mainframe business to Rocket Software.” He further detailed the company's pla
China AMC exec foresees HK Bitcoin ETFs outperforming US launch
Full story: https://grafa.com/news/china-amc-exec-foresees-hk-bitcoin-etfs-outperforming-us-launch-214948 The launch of spot Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) exchange-traded funds (ETFs) in Hong Kong has captured significant attention, mirroring the excitement observed in the United States after the approval of 11 spot Bitcoin ETFs on January 10. Market enthusiasts are intrigued about the potential demand and reception of these ETFs in the Asian financial hub. The anticipation around how these offerings might perform in comparison to their U.S. counterparts su
Share price of $AMC Entertainment(AMC)$ has plunged so far this week after the movie theatre chain disclosed preliminary first-quarter earnings results.that fell below corresponding quarter of the prior year amidst rising competition from online streaming media service providers the likes of NetFlix and Disney. While AMC's management has expressed optimism in returning crowds to its cinemas post-pandemic, selling by insiders has diluted if not contradicted the message. Nevertheless, the debt crisis originally overhanging the largest theatre chain in the US appears to be improving after AMC announced that it would not be renewing a $225 million senior secured revolving-credit facility and had paid off any r
AMC's Stock Registers Biggest Decline in a Month After Preliminary First-quarter Results Movie-theater chain and original meme stock $AMC Entertainment(AMC)$ announced preliminary first-quarter results late Friday Shares of AMC Entertainment Holdings Inc. ended Monday's session down 11.1%, with the stock registering its biggest decline since April 1, when it fell 15.6%. In its preliminary first-quarter results late Friday, $AMC Entertainment(AMC)$ cited the effects of last year's Hollywood writers and actors strikes but flagged a narrowed quarterly loss. "As predicted, the box office in the first quarter was adversely imp
Potential delisting of $Faraday Future Intelligent Electric Inc.(FFIE)$ ?? Faraday Future Intelligent Electric Inc., a California-based global shared intelligent electric mobility ecosystem company, today announced that it received a letter from The Nasdaq Stock Market LLC dated April 24, 2024. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company's securities from The Nasdaq Capital Market. If the Company fails to appeal the Delisting Determination by May 1, 2024, trading of the Company’s common stock will be suspended at the opening of business on May 3, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's se
Mirror, mirror on the wall, who's the fairest of them all? With the likes of Nvidia, Microsoft and Google's parent Alphabet being the poster boys for artificial intelligence, $Palantir Technologies Inc.(PLTR)$ , $C3.ai, Inc.(AI)$ and $Tesla Motors(TSLA)$ have been relatively overlooked for their AI initiatives. In fact, Elon Musk has touted that Tesla should not be viewed as an automaker, but rather as a digital platform with artificial intelligence set to drive its next phase of growth. The EV maker, though ELon Musk may not like it to be called as such,
For the past few weeks, market was hot again with meme stocks like Reddit, DXYZ, DJT, ALAB, etc... Most of them were having a very short term big gain and eventually retraced back to square within a short time as well. Investing in meme stocks is never easy as you need some luck and high level of technical analysis skill. As usual, let's look in a two classic meme stocks that I have done their analysis through technical charts, on weekly basic. AMC Let's begin with AMC. Recently, we heard that Fandango veteran Stephanie Terifay has been tapped to help AMC Theatres build out its new movie distribution business following the record-shattering success of Taylor Swift's Eras Tour tour and Renaissance. This might be a good news to the company. AMC daily chart If we lo
$AMC Entertainment(AMC)$ The apes are here. AMC stock has arose the likes of hedge funds last few days. It's coming. Get your house from the rewards that u accumulate.
$AMC Entertainment(AMC)$ I started buying at $37 on this recent downswing so I was early. I'll continue to DCA down to the $26s which should be the ultimate bottom on this sour turn of the tide. Peak pessimism is the optimal time to buy when it looks like all is lost.
$AMC Entertainment(AMC)$ A lesson in bagholding Here are the results for a hypothetical AMC investor who invested $1,000 in January 2023 and held until the present, compared to the returns of risk-free cash and the S&P 500 Index: Even despite the pump in 2021, our AMC investor would have seen their initial $1,000 investment turn into just $32.81 at an annualized loss of -47.84%. During this time, cash returned 2.07%, while the S&P 500 returned 16.99%. To put it bluntly, investors that either blindly held cash or invested absentmindedly into an index fund would have beaten the AMC investor. What caused this gross underperformance? Well, a series of inauspicious events occurred: The outbreak of COVID-19 in 2020 deci
$AMC Entertainment(AMC)$ During Q3, 2023 box office revenues were $2.7 Billion. AMC was cash flow positive for that period of time, setting a best ever Q3 profit for the company. This happened despite the fact that attendance was down 16% from pre pandemic 2019. This was accomplished largely because of profits generated from F and B. Management is doing their best, shaking every tree and turning every rock in the quest for more income but they are limited by things beyond their control. Film makers have to get back to doing what they use to do, produce more and better movies as they've done in the past. The bet here is whether they will do that and how will the distribution be handled. Streamers and movie goers are differ
AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.