|Bid||10.58 x 2900|
|Ask||10.80 x 800|
|Day's Range||9.93 - 11.04|
|52 Week Range||8.73 - 21.45|
|Beta (3Y Monthly)||0.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.80 (8.32%)|
|1y Target Est||16.46|
It was another mixed trading session, with U.S. stocks falling in the final hours of trading. How much will the Fed cut rates? What will so-and-so report on earnings? Investors have a lot of questions, but on the plus side, the markets are still holding up pretty well. Let's look at a few top stock trades going into next week. Top Stock Trades for Tomorrow 1: Boeing Click to EnlargeShares of Boeing (NYSE:BA) bounced more than 4% on Friday as the company announced a $4.9 billion charge related to the 737 MAX. With earnings next week, that announcement is somewhat surprising to me.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the stock held and is bouncing off the key $360 to $362 area now. $380 has been a trouble spot for BA, but should it continue higher into earnings, the setup will get interesting. * 10 Tech Stocks That Are Still Worth Your Time (And Money) If the stock climbs to the $396 to $400 level ahead of earnings, investors may consider taking profits ahead of the report. A move over $400 puts the ~$413 gap on the table.On a pullback, see that $356 to $360 holds as support. Below puts $337 to $340 on the table. Top Stock Trades for Tomorrow 2: Chewy Click to EnlargeChewy (NYSE:CHWY) stock looked like it was going to rally on Friday morning. The company reported strong revenue growth, but couldn't hold onto its gains.With shares falling -- down over 4.5% on the day -- the stock lost its 8-day and 20-day moving averages. It briefly broke below its post-IPO lows, although $31 is buoying the name for now.On the upside, see if CHWY can breakout over downtrend resistance (blue line). On the downside, see if $30.78 to $31 holds as support. If it doesn't hold, Chewy is a no-touch for now. Top Stock Trades for Tomorrow 3: Skechers Click to EnlargeShares of Skechers (NASDAQ:SKX) are exploding higher on the day, jumping 12% on better-than-expected earnings.From here, I would love to see SKX hold above the $38 level. If it can, it puts the $41.50 to $42 level on the table, an area that stymied SKX's run for months in early 2018.If $38 gives way, we'll need to see if $35 holds as support. Top Stock Trades for Tomorrow 4: AMC Click to EnlargeShares of AMC Entertainment (NYSE:AMC) are jumping more than 8% on better-than-expected earnings. While the gains are nice, the stock was swiftly knocked lower after testing $11. This coincides with a test of the 50-day moving average and 10-week moving average.It would be disappointing to see AMC give up all of its post-earnings gains, but it will still look okay if it holds above $10. Over $11 and it could regain some upside momentum. If it can, keep in mind the 200-day is up at $13.86, while the 61.8% retracement is at $13.59. Top Stock Trades for Tomorrow 5: Crowdstrike Click to EnlargeWhat a beauty of chart Crowdstrike (NASDAQ:CRWD) has. Shares are up 13% on the day after strong earnings results, and the stock is ripping to new highs as a result. * 10 Tech Stocks That Are Still Worth Your Time (And Money) The stock was forming a tightening wedge and is now breaking out higher. Look to see that CRWD holds up over $80. If it does, investors can stay long. Below and it will need to be re-evaluated.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 5 Top Stock Trades for Monday: BA, CHWY, SKX appeared first on InvestorPlace.
The world’s largest theater chain received a bullish initiation from Credit Suisse, which argues the recent selloff in AMC stock is overdone.
Commemorating the 50th Anniversary of the Iconic Festival, Fathom Events Brings the Extended Director's Cut of Michael Wadleigh's Oscar®-Winning Documentary to Movie Theaters DENVER , July 19, 2019 /PRNewswire/ ...
Pool Corp's (POOL) top-line growth in second-quarter 2019 can be attributed to the solid performance of the company's Base Business.
The Inseparable Duo Return to the Big Screen With an Exclusive Introduction From Kevin Smith and Jason Mewes, a Special Double Feature, and Bonus Content DENVER , July 18, 2019 /PRNewswire/ -- The stoner ...
In 2016 Adam Aron was appointed CEO of AMC Entertainment Holdings, Inc. (NYSE:AMC). This report will, first, examine...
From an investment standpoint, some of the most interesting stocks in the market are heavily shorted stocks.On one hand, if a stock is heavily shorted, it means that a bunch of investors are betting on the stock going down. That means the bear thesis has a lot of believers, and probably a lot of credibility. Sometimes that consensus bear thesis plays out as expected, the heavily shorted stock drops, and shorts cover at a huge profit.On the other hand, if a stock is heavily shorted, it can mean that very few investors believe the stock is going to go up. It also means that a bunch of money needs to buy back into the stock at some point. That combination means the stock has a lot of potential upside firepower. Thus, if the bear thesis falls apart and things start to improve at the company, the heavily shorted stock will surge, assisted by a short squeeze as investors rush to cover their short positions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGoing long a heavily shorted stock is often a high-risk, high-reward scenario. Either the consensus bear thesis is right, and the stock falls. Or, the consensus bear thesis is wrong, and the stock pops. * 10 Stocks to Sell for an Economic Slowdown With that in mind, I've put together a list of seven heavily shorted stocks which, at current levels, have more reward than risk, and have a realistic opportunity for a big short squeeze rally in the foreseeable future. Short Squeeze Stocks to Watch: AMC Entertainment (AMC)% of Float Short: 30%The Bear Thesis: Shares of America's largest movie theater chain operator, AMC Entertainment (NYSE:AMC) have slumped to an all-time low in 2019, dropping nearly 50% over the past year, as weak box office results accelerated fears regarding a movie theater apocalypse. As the stock has dropped, shorts have continued to pile into AMC stock (short interest is at almost 30%, a 52-week-high). As investors are betting that things won't get better, consumers will keep shunning movie theaters, and revenues and profits will keep dropping.Why a Short Squeeze Could Happen: AMC's short interest has been this high only once before. That was in late 2017, followed by a rally in AMC stock from about $10 to almost $20. The drivers of that rally? Improved box office results, and AMC launching a subscription program.Those same drivers could spark a similar short squeeze rally here. Box office results will likely pick up over the next few months, assisted by Lion King, Frozen 2, and a new Star Wars film. Meanwhile, AMC's subscription program, Stubs A-List, has a lot of momentum, and presently counts more than 860,000 members. As box office results improve into the back-half of 2019 and Stubs A-List continues to add subscribers, shorts will rush to cover, and AMC stock should bounce back in a big way. Tesla (TSLA)Source: Shutterstock % of Float Short: 31%The Bear Thesis: Much like shares of AMC, shares of electric vehicle maker Tesla (NASDAQ:TSLA) have slumped to multi-year lows in 2019, down almost 31% over the past year. The culprit? Bad first quarter 2019 numbers. Those numbers spooked investors and implied the company's once-robust growth trajectory is flattening out. Investors are concerned that it will keep flattening out as competition ramps up, and have consequently rushed to short the stock (short interest has climbed from below 20% in early 2019, to above 30% today).Why a Short Squeeze Could Happen: Tesla's second quarter 2019 numbers were much better than its first quarter numbers, and broadly implied that the growth trajectory is not flattening out. Meanwhile, numbers from Inside EVs imply that Tesla's market share is only growing (despite new competitors). The EV market continues to grow at a robust pace and remains on track to grow by at least 10-fold over the next decade.Consequently, the long-term growth narrative for Tesla remains favorable (the leading player in a rapidly growing market). The numbers here will continue to improve in the back-half of 2019, assisted by lower rates, a Model S/X refresh, new Model Y production, and cooling trade tensions. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond As those numbers continue to improve, the long term bull thesis will come back into the spotlight, and shorts will rush to cover, sparking a big rally in TSLA stock. iRobot (IRBT)Roomba_770_ 010% of Float Short: 44%The Bear Thesis: The bear thesis on consumer robotics company iRobot (NASDAQ:IRBT) is centered around the trade war. In short, one of iRobot's most important, biggest, and fastest-growing markets is China. The introduction of U.S.-China tariffs, however, forced iRobot to hike prices on its robotic vacuum cleaners, which has had an adverse impact on both China demand and gross margins. Investors are betting these tariffs will either stick around or get worse. As such, 44% of the float are betting on the stock going down.Why a Short Squeeze Could Happen: The long-term bull thesis supporting iRobot remains favorable. As consumer robotics penetration rates remain relatively low (24% of total vacuum cleaners in 2018), that market is growing very quickly (40% growth in 2018). iRobot is the unchallenged leader in the market (50%-plus market share in 2018), revenue growth is robust (17%-20% expected in 2019), and gross margins are healthy (around 50%). Putting all that together, it is pretty clear that IRBT stock is a long-term winner.With trade tensions between the U.S. and China now cooling, it appears increasingly likely that iRobot will be able to get back on its long-term winning trajectory soon. Once that happens, shorts will rush to cover, and IRBT stock will fly higher. Stitch Fix (SFIX)% of Float Short: 25%The Bear Thesis: The bear thesis on Stitch Fix (NASDAQ:SFIX) is pretty straight-forward: As more competition enters the online personal styling segment, Stitch Fix's growth rates will moderate. This moderation will weigh on SFIX stock's rich valuation and ultimately drag the stock lower. A good portion of investors believe that this will happen, and that's why 25% of the float is short.Why a Short Squeeze Could Happen: The bear thesis on SFIX stock gained traction in late 2018 as growth came screeching to a halt. That slowdown was due to one-time changes and purposefully lower marketing spend. Since then, those one-offs have been phased out, marketing spend has re-accelerated, and Stitch Fix's growth rates have surged higher. * 7 Retail Stocks to Buy for the Second Half of 2019 This higher growth trend will persist for the foreseeable future. Stitch Fix is changing the game in retail to a curated, on-demand model. We've seen these shifts before. They work (think Netflix (NASDAQ:NFLX) or Amazon (NASDAQ:AMZN)). As such, curated, on-demand shopping will gain share and traction over the next several years, Stitch Fix's growth trajectory will remain favorable, shorts will rush to cover, and SFIX stock will rally. Dick's Sporting Goods (DKS)% of Float Short: 30%The Bear Thesis: The bear thesis on Dick's Sporting Goods (NYSE:DKS) is predicated on the idea that Dick's is no longer relevant in the athletic apparel retail model. Specifically, the athletic apparel market is shifting from wholesale retail to direct retail. That means brands like Nike (NYSE:NKE) are taking product out of the wholesale pipeline (out of Dick's) and putting product into their direct channel (like their own stores). Dick's has been adversely impacted by this shift. Many expect this shift to continue. As such, many expect Dick's to continue to struggle, and DKS stock to continue to sputter lower.Why a Short Squeeze Could Happen: There are signs that this shift from wholesale to direct is moderating. After a streak of negative comparable sales growth quarters, Dick's finally reported flat comps last quarter. More than that, comps inflected into positive territory towards the end of the quarter, and started this quarter in positive territory, too. The guide calls for comps to be positive for the full year 2019. As such, Dick's is presently in the process of going from negative comps to positive comps, and that inflection against the backdrop of 30% short interest implies a nice set-up in the back half of 2019 for a short squeeze. GrubHub (GRUB)% of Float Short: 25%The Bear Thesis: Online food ordering and delivery giant GrubHub (NYSE:GRUB) used to be a market favorite, given the company's leadership position in a secular growth market. Then, signs emerged that GrubHub was rapidly losing market share to smaller but more relevant online food ordering and delivery companies like Postmates and UberEats. Revenue growth slowed. Margins got hit. Profit growth fell flat. The stock dropped. Many investors expect these competition-related headwinds to only get worse, and as such, 25% of the float is betting that GRUB stock will keep falling.Why a Short Squeeze Could Happen: The online food ordering and delivery space is big enough to accommodate multiple large players. GrubHub will be one of those large players. It just won't be the only large player. A few years ago, at 50%-plus market share, GrubHub was the only large player. Now, though, GrubHub's market share sits around 30%, and is roughly in-line with DoorDash and UberEats, meaning that GrubHub is now one of many large players. Further, market share erosion has moderated over the past few months. * 10 Best Stocks for 2019: A Volatile First Half As such, it's reasonable to believe that the worst of the GrubHub share erosion is in the rear-view mirror, meaning growth rates should moderate going forward. Such growth moderation will force the huge short base to cover, which could spark a sizable short squeeze in GRUB stock over the next few months. Short Squeeze Stocks to Watch: Abercrombie & Fitch (ANF)Source: Shutterstock % of Float Short: 34%The Bear Thesis: The bear thesis on Abercrombie & Fitch (NYSE:ANF) is aligned with the bear thesis on physical retail. It goes something like this: Malls are dying, as are their major tenants. Abercrombie & Fitch is one of those major tenants. Consequently, as retail demand shifts more to the direct channel and away from malls, Abercrombie's numbers will remain weak. Those persistently weak numbers will create a drag on ANF stock for the foreseeable future.Why a Short Squeeze Could Happen: A short squeeze could happen here because the bear thesis is just wrong. Physical retail isn't dying. Consumers will always have some desire to go to malls, whether it be to try on clothes or simply enjoy the experience of shopping (yes, that's a thing). As such, physical retail is simply shrinking to accommodate higher sales volume in the direct channel.With direct sales growth starting to slow, though, it's reasonable to believe that the worst of physical retail's shrinkage is over. Thus, results across the entire physical retail world should start to improve over the next several quarters. This is a rising tide that will left all boats, ANF included. The result? Abercrombie's numbers will get better over the next few quarters. Shorts will rush to cover. The stock will pop.As of this writing, Luke Lango was long AMC, TSLA, IRBT, SFIX, and NKE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post 7 Short Squeeze Stocks With Big Upside Potential appeared first on InvestorPlace.
A strong season pass program, increased focus on acquisitions and mergers along with efficient marketing efforts bode well for Vail Resorts (MTN).
The Board of Directors of AMC Entertainment Holdings, Inc. , the largest theatrical exhibition company in the world, announced today the appointment of Philip Lader as an independent director of the Company, effective July 8, 2019.
(Bloomberg Opinion) -- Walt Disney Co. is almost single-handedly propping up the U.S. box office this year. That doesn’t bode well for the theater industry, because 2019 may be as good as it gets for Disney’s movie-making business. Just $5.62 billion of tickets have been sold in North American movie theaters, about a 10% drop from the first half of last year, according to Box Office Mojo. Disney, which has released a blockbuster a month since March, starting with “Captain Marvel,” drove more than a third of those ticket sales. That’s by far the biggest share the company has ever taken – and that’s not including the films Disney inherited from its recent $85 billion acquisition of 21st Century Fox. Since hitting the big screen in April, Disney’s “Avengers: Endgame,” another film from its Marvel collection, has come extremely close to unseating “Avatar” as the world’s highest-grossing film of all time, capturing $2.76 billion in ticket sales globally. Last weekend, it was re-released with bonus footage in a final push to claim the title. But while Disney works on breaking that record, theater operator AMC Entertainment Holdings Inc. is reluctantly shattering another: Its stock dropped to an all-time low on Tuesday. AMC has declined 25% year to date, amid sluggish attendance at its multiplexes. After its market value slid below the $1 billion mark last week, the company is worth barely more than the $835 million it paid to acquire Carmike Cinemas three years ago. Theater businesses have become increasingly dependent on food and beverage sales as they get squeezed by studios like Disney when it comes to ticket revenue, so AMC and its shrinking number of rivals have hoped that cinema upgrades and better food would boost turnout. AMC even noted prominently in its latest 10-K filing that 345 of its theaters now have recliner seating and that alcohol is offered in nearly as many.(1)Problem is, in the age of Netflix and a burgeoning market of copycats, a beer and comfy seat apparently aren’t enough to draw a sizable audience away from their own couches. Only big-budget, superhero blockbusters and remakes of beloved classics seem to do that – and those are Disney’s bread and butter. This summer’s Disney/Pixar lineup is a blast from the 1990s, with “Toy Story: 4” currently in theaters and “The Lion King” opening July 19. Among the company’s other coming attractions are “Frozen 2” and “Star Wars: The Rise of Skywalker.” Tuesday does mark the domestic debut of "Spider-Man: Far From Home,” which is distributed by Sony Corp., not Disney, even though it’s part of the Marvel Cinematic Universe. Boxoffice Pro projects a strong $120 million opening weekend, which would help businesses like AMC. However, the film’s hilariously bad marketing posters were mocked on social media for what looked like a beginner Photoshop job, with Samuel L. Jackson using the hashtag headsgonroll. It speaks to the difference in quality of a Disney project. That said, Disney’s success this year will be quite difficult to repeat, as I wrote in April. Its studios have fewer blockbusters slated for next year, and it’s also slowing down production of future “Star Wars” films. After Episode IX, the next Lucasfilm release isn’t until December 2022. Disney has also delayed “Avatar 2,” a franchise that came with its Fox deal, until December 2021. That means any resurgence in the theater industry may be at least two years away. As for the theaters themselves, there’s the question of whether Disney decides to reserve future smaller Fox films for its own streaming apps instead of sending them to the big screen. Disney+, the company’s version of Netflix, launches in November, and it plans to somehow bundle the product with Hulu, which it now controls. While Disney tries to drive subscriptions for those services, it’ll need to make tough calls about where to direct spending and premiere its content. Its competitors, such as Warner Bros. parent AT&T Inc. and Universal Pictures parent Comcast Corp., will have to do the same. Disney’s tent-pole pictures may always attract theatergoers. Whether that’s enough to keep cinemas alive is another story.(1) Furthermore, the average ticket price fell this year for the first time since 1993, Box Office Mojo data show.(Some studios may also look to shorten the amount of time their flicks stay in theaters, making snacks all the more crucial to a cinema’s bottom line.)To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Fathom Events Presents This Special One-Night Event About the Rise of Plant-Based Diets in Pro Sports, Featuring Exclusive Bonus Content DENVER , July 1, 2019 /PRNewswire/ -- " The Game Changers " ...
DENVER, July 1, 2019 /PRNewswire/ -- On September 11, 2001, global chaos ensued as the World Trade Center Towers came crashing down, and the fate of airline passengers en route to America was literally thrown off course. When 38 planes carrying 6,500 individuals arrived at Gander, Newfoundland, the eastern-most point of North America, the small Canadian town came together to host a group of strangers who would leave as family. "You Are Here," from award-winning producer Peter Gentile, which was influenced by the same events that inspired the hit Broadway musical "Come From Away," will show in nearly 800 U.S. movie theaters as a one-night event on September 11, 2019.
The world’s largest exhibitor has launched AMC Artisan Films to highlight what it’s calling “character- and narrative-driven movies.”
AMC Theatres® (AMC), the largest theatrical exhibitor in the United States and the world, is proud to announce the launch of AMC Artisan Films, a new programming and marketing initiative that will put a spotlight on a curated set of character and narrative driven movies. AMC Artisan Films strives to make critically acclaimed films more accessible with the quality amenities and cutting-edge technology guests expect from AMC. Through AMC Artisan Films, AMC will program specialized movies consistently in select locations throughout the United States.
It was a year ago now that MoviePass Inc. peaked with 3 million subscribers and AMC Entertainment Holdings Inc. responded with a movie subscription plan of its own. Twelve months later, MoviePass has faded from view and AMC Stubs A-List has exceeded expectations, celebrating its one-year anniversary on Wednesday by announcing it now has 860,129 members in North America. AMC Theatres (NYSE: AMC) initially set a goal of reaching half a million members in the first year of the program and a million by year two.
The leading movie chain's multiplex buffet is a hit for movie-hungry fans, but the stock has been cut in half since peaking late summer.
One year ago, on June 26, 2018, AMC Theatres® (AMC) changed the landscape of subscription-based movie-going with the launch of AMC Stubs A-List. Today, on its one-year anniversary, A-List is by far the No. 1 movie-going subscription service in North America with 860,129 members. “This one-year anniversary gives us an opportunity to reflect on the enormous success of the AMC Stubs A-List program.