Stockchase Opinions

Steve Grasso AMC Entertainment Holdings Inc. AMC-N DON'T BUY Jan 05, 2022

The retail investor decides when the market goes up or down, but they haven't been as empowered as now, to sell and buy so quickly. AMC remains highly volatile. His takeaway: shorters have always been a risk to the market. The real change made by retail investors is to tell shorters, You cannot short like you used to (or you'll get squashed when a stock rips up).
$22.750

Stock price when the opinion was issued

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DON'T BUY
A short squeeze? Doesn't know. Long-term, theatre chains under pressure because of the Hollywood window. Be very cautious, even at these levels. Not worth shorting here.
DON'T BUY
Shares soared today after reports that the CEO bought a major stake in a small gold miner with shaky finances. This is a sign of froth which the enemy of stock markets.
SELL
A meme stock that runs on sentiment built on social media. It's a momentum strategy--buy shares to raise the price. This has been rising along with the market's risk appetite. This, in turn, signals this bear market rally is getting long in the tooth.
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TOP PICK
AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Social media mentions are up 375% in the past 24h.
DON'T BUY
Run away, you don't want to be anywhere near this. Poster child of meme stocks. Manipulated and risky speculation, not an investment. If you like the sector, look at CNK, which he owns.
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Discover an exclusive list and analysis of the stocks that are trending on social medias—accessible only to our Premium subscribers. With a keen focus on the stocks that are setting social media ablaze, this weekly feature offers an invaluable lens through which to evaluate market movers. Say goodbye to the endless scroll through social media timelines; we curate the buzz so you can invest your time as wisely as your money. Unlock Premium Now.

TOP PICK
AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Social media mentions are up 578% in the past 24h.
DON'T BUY
Moviegoing was up in 2022 vs. 2021, but is still 36% below pre-Covid levels. AMC is down 43% in the last 6 months. Post-Covid, people want experiences like travel and concerts and not quite want to watch movies after watching tons of movies at home during the pandemic.
RISKY
A small, speculative position is okay, but the cinema-going business is not doing well.
BUY

It reports Tuesday. The CEO is an amazing salesman and he bets he will tell a good story that his movie chain is doing very well.