Key TakeawaysPandemic-era meme stocks GameStop and AMC Entertainment both surged more than 70% on Monday, potentially triggering a short squeeze where investors rush to cover short positions. Monday's meme stock rally caused losses nearing $1 billion for GameStop short sellers, according to data from S3 Partners.GameStop shares may encounter selling near a zone of resistance from prior price action between $37.50 and $63.50.AMC Entertainment shares find a confluence of resistance around $13 from the 50-day ...

Shares of GameStop and AMC Entertainment exploded Monday, up close to 80% and 50%, respectively, as Roaring Kitty, aka Keith Gill, the trader and Reddit celebrity who sparked the so-called meme stock revolution on Wall Street starting in early 2021, posted on X (formerly Twitter) for the first time in almost three years. Gill, a former marketer for Massachusetts Mutual Life Insurance, got the big screen treatment in Dumb Money, where he was played by Paul Dano. An investment advisor working at home during ...

Murmurs of a potential hard economic landing are resurfacing after a marked downturn in U.S. GDP during the first-quarter (Q1).  The U.S. economy slowed sharply in Q1, growing at just 1.6%, lagging significantly behind the 2.5% estimate. Moreover, a soft jobs report compounds those concerns further. Hence, it’s probably the right time to consider consumer discretionary stocks to sell.Another trend we’ve seen recently is that consumers are opting for less expensive generic products over high-end brands. Acco ...

After three years, meme stocks are in focus on Wall Street once moreWith one push of the 'send' button, we're back in 2021. Earlier this morning, Reddit (RDDT) user Roaring Kitty, who ignited the meme stock retail trader craze of 2021, posted on social media platform X for the first time in three years. Even though he didn't mention any specific stocks, GameStop Corp (NYSE:GME), AMC Entertainment Holdings Inc (NYSE:AMC), and even Robinhood Markets Inc (NASDAQ:HOOD) vaulted higher in response. GME is up 66.1 ...

Is it 2021 or 2024? Following a nearly 3-year hiatus, Keith Gill, known as Roaring Kitty, has returned to X (formerly Twitter) with a cryptic post: The post depicts a meme of a man with a video game controller leaning forward, which conveys interest being heightened or intensity being picked up. Gill is best known for spearheading the 2021 meme stock craze that saw both GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) soar to unimaginable highs through posts and videos on X, Reddit (NYSE:RDDT) and YouTu ...

Adam Aron, the CEO of global movie-theater chain AMC Entertainment (NYSE:AMC), is a great cheerleader for the company. However, even Aron had to acknowledge a problem that impacted AMC Entertainment’s financial figures this year.As the company continues to bear the weight of massive debt, it’s wise to avoid AMC stock in 2024.                It’s understandable if meme-stock traders are looking for one more huge rally. Yet, prospective AMC Entertainment investors should look at the big picture. Frankly, the ...

It’s a complicated time for the U.S. economy. For retail companies that peddle non-essential and luxury goods, that’s not good news. This trend has been slowly building for months. In February 2024, consulting giant McKinsey & Company published a report on the state of consumer spending in the U.S., which revealed that many Americans were still exercising caution with their purchases. Now, months later, these trends have accelerated, as evidenced by steep declines in spending at companies such as Starbucks ...

AMC Entertainment (NYSE:AMC) stock is in the red today after the movie theater chain reported its first-quarter earnings. During the quarter, revenue tallied in at $951.4 million, beating the analyst estimate for $870.86 million but falling by 0.31% year-over-year (YOY). The company’s adjusted diluted loss per share was 78 cents compared to the analyst estimate for a loss of 79 cents and improving from a loss of $1.31 a year ago. It’s worth noting, as AMC pointed out, that there were 263.4 million weighted ...

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AMC Entertainment (AMC) reported $951.4 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.3%. EPS of -$0.78 for the same period compares to -$1.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $951.4 million, representing no surprise. The company delivered an EPS surprise of -25.81%, with the consensus EPS estimate being -$0.62.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...