24.3 C
New York
Friday, July 23, 2021
Home Blog Page 2

AMC stock this madness should stop, a bubble is to burst

0

AMC stock: A meme stock too overvalued

Stocks that move today. Guess one stock that is moving higher making a new 52-week high on increased volume? AMC stock moves higher today. Latest AMC stock price today:

AMC Entertainment Holdings, Inc. (AMC)

58.23+26.19 (+81.75%)
As of 12:40PM EDT. Market open.

Why AMC stock moves today

“AMC Entertainment (AMC) will engage directly with its army of retail investors after the world’s largest movie theater company raised more than $230 million from a stock sale to expand. AMC stock jumped.


The moves pointed to an effort to convert its zealous supporters as a resource that lasts beyond the Reddit-fueled frenzy. Over the past few months, AMC saw its retail investor base grow to more than 3.2 million, and they owned more than 80% of the company as of March.

AMC on Wednesday launched Investor Connective. The “proactive communication initiative” will allow the company to directly communicate with a “base of enthusiastic and passionate shareholders” and provide them with special offers.

A day earlier, AMC raised $230.5 million from a stock sale to Mudrick Capital. AMC said the proceeds would go in part toward acquiring new theater leases, investments in existing theaters and paying down debt.

AMC stock is already up 54.5% this week and has soared 1,400% so far this year alone. The surge has helped pushed AMC’s market cap to $18 billion, topping GameStop’s (GME) market cap of $17.5 billion.

IBD Live: A New Tool For Daily Stock Market Analysis

AMC Stock
Shares soared 25% to 40.06 on the stock market today. AMC stock topped a 14.64 buy point May 18 and was quickly extended, meaning shares are not in buy range. GameStop stock rose 1%. Among other so-called meme stocks, Beyond Meat (BYND) rose 3%, and Plug Power (PLUG) lost 3%.

This year’s gains in meme stocks like AMC and GameStop were fanned by speculation on online stock messaging boards like Reddit. This so-called Reddit rally was fanned by enthusiastic retail investors taking on “short” shareholders betting against the stocks. The short sellers were forced to buy shares to stop losing money, adding fuel to the surge.

Despite the surge in AMC stock, the company is still losing money and was on the verge of bankruptcy just months ago, after the pandemic shut down movie theaters for months. It’s now aggressively selling stock to pay down debt.

AMC ended the first quarter with $5.4 billion in debt and just $813 million in cash. The chain carries a low junk-bond rating of CCC-, says S&P Global. And AMC is expected to lose another $1.5 billion in 2021 and nearly $400 million in 2022, analysts say.”

Stock market data: Investors Business Daily

AMC stock: Too Overvalued, too risky, beware of its pump and dump scheme

Reddit stocks, meme stocks, are hardly stocks to invest in, stocks to buy. AMC stock is a highly speculative stock with very poor fundamentals, being too pricey. Beware of these risks before investing in AMC stock.

Stock market today June 1, 2021

0

Stock market today

A mixed close for the US stock market today. S&P 500, Dow Jones,https://www.thestockmarketontheinternet.com/meme-stocks-and-the-stock-market-2/ and Nasdaq closed almost flat but small-cap stocks outperformed. The closing numbers for the US stock market today are as follows.

S&P 500: 4,202.04,-2.07(-0.05%)
Dow 30: 34,575.31,+45.86(+0.13%)
Nasdaq: 13,736.48,-12.26(-0.09%)
Russell 2000: 2,294.74,+25.77(+1.14%)

Stock market news

“U.S. stocks ended mixed on Tuesday, paring earlier gains as technology stocks lost steam.

The Dow added just 45 points, or 0.1%, to come off session highs. The S&P 500 ended a tick below the flat line, while the Nasdaq also ended in slightly negative territory. Treasury yields rose across the curve, and the benchmark 10-year Treasury yield hovered above 1.6%. Brent and U.S. crude oil prices gained after OPEC+ suggested oil stockpiles would slide further as the post-pandemic recovery ramps later this year.

Over the past several weeks, equity investors have at least temporarily shaken off fears over fast-rising prices for consumer and producer goods during the economic recovery, especially as officials at the Federal Reserve reassured market participants that they did not yet see inflationary pressures that would warrant a shift in monetary policy in the near-term. Still, inflation hedges like precious metals were some of the best-performers in May, signaling an undercurrent of jitters over rising prices. Of 38 non-currency assets tracked by Deutsche Bank, silver was the best-performing asset with an 8.1% gain, followed by gold with a 7.9% increase, analysts from the bank wrote in a note Tuesday.

Later this week, investors are poised to receive a number of new economic data reports about the U.S. labor market, including the May jobs report. These will further elucidate the strength of the economic recovery, showing whether re-hiring has picked up enough to help alleviate labor shortages cited by a number of companies during the recovery. It will also signal whether the economy is getting closer to the Federal Reserve’s goal of achieving maximum employment before pulling back on monetary policy support.

But monetary policy aside, some strategists said it would behoove investors to consider implications of new fiscal policies, especially with prospects of a stronger economy emboldening the government to raise taxes for new plans. Late last week, President Joe Biden unveiled a $6 trillion budget proposal for fiscal 2022, which would include a number of proposals around improving the country’s infrastructure, educational resources and health care system and which would be funded in part by higher taxes.”

Stock market data: Yahoo Finance

Meme stocks and the stock market

1

Stock market: Meme stocks and what to do with them

Meme stocks today such as AMC, BYND, rise. AMC stock has risen too fast too high just because of the FOMO effect and of its stock price manipulation. With very poor fundamentals AMC stock has made today a 52-week high of $29.76. A company that in order to avoid bankruptcy raised cash via a stock offering, with negative stock dilution effects.

FOMO stock trading? Is it a sound way to buy stocks? Is it a safe way to invest in stocks? Investing vs trading vs speculating. The stock market is many things, irrational exuberance is one of them. So do your very diligent homework with meme stocks. They reach the bubble territory too often too fast. Will you join speculative trading with all its risks?

Stock market today May 26, 2021

0

Stock market today

A higher close for the US stock market today, small-cap stocks outperformed. Dow Jones closed flat, S&P 500 almost flat too. The closing numbers for the US stock market today follow.

S&P 500: 4,195.99,+7.86(+0.19%)
Dow 30: 34,323.05,+10.59(+0.03%)
Nasdaq: 13,738.00,+80.82(+0.59%)
Russell 2000: 2,249.27,+43.52(+1.97%)

Stock market news

“Stocks traded slightly higher Wednesday as investors at least temporarily set aside concerns over rising inflation. Technology stocks outperformed and the Nasdaq rose, while the S&P 500 and Dow ended slightly above the flat line.

Investors this week have continued to contemplate prospects that higher inflation during the post-pandemic recovery will ultimately curb the extent of the rebound in economic activity and rally in stock prices. New data Tuesday showed consumer confidence dipped in April even as more social distancing standards were lifted, with the decline coming in part as consumers took note of rising price pressures.

“I do think we’ve been in this consolidation phase, really since early April. That’s when we started a new phase in this market cycle, the first one [was] that recovery in stay-at-home stocks from March to November last year, the second phase was the reopening phase from November to March,” Gabriela Santos, global market strategist at JPMorgan Asset Management, told Yahoo Finance. “Now we’re moving beyond the recovery and focusing on the expansion up ahead. And we haven’t had a lot of new data on this recently, so it makes sense to see stocks consolidate.”

“What we’ll start to see over the next few months is for growth to peak and then slowly moderate,” she added. “That’s still a constructive backdrop for stocks. It’s just that the actual sector selection, company selection becomes a lot more important. And the focus is increasingly on inflation rather than real growth, and ways to hedge upside risks to inflation in this new cycle.”

But at least as it relates to monetary policy, a short-lived jump in inflation would not spur the Federal Reserve to immediately wind down its crisis-era support, numerous U.S. central bank officials recently reassured market participants. On Tuesday, Federal Reserve Vice Chair Richard Clarida told Yahoo Finance that “there will come a time in upcoming meetings” when the central bank would discuss scaling back asset purchases, but that “it is going to depend on the flow of data” – reaffirming the Fed is not on a set timeline when it came to rolling back policies that have supported the economic recovery and asset prices.”

Stock market data: Yahoo Finance

Banks for sale in the USA

0

Banks for sale

Looking for Banks for sale?

There are many bank stocks and people are looking for information such as how much does it cost to buy a bank, are banks a profitable business, how are banks sold, or what is the number 1 bank in USA?

In general banks can be very profitable businesses, but not all bank stocks are considered good stocks to buy.

Top stock losers for May 21, 2021

0

Top stock losers

Stocks that were among top stock losers for May 21, 2021:

  • Federal National Mortgage Association (FNMFM): 8.75-1.36 (-13.45%)
  • GSX Techedu Inc. (GOTU): 21.66-2.93 (-11.92%)
  • TAL Education Group (TAL): 42.93-5.01 (-10.45%)

Stock prices, stock quotes are as of the close of the US stock market on May 21, 2021

Stock market data: Yahoo Finance

Top stock gainers for May 21, 2021

0

Top stock gainers

Stocks that were among to pstock gainers for May 21, 2021:

  • Samsara Luggage, Inc. (SAML): 5.15+1.78 (+52.82%)
  • Consumer Automotive Finance, Inc. (NWAU): 0.0500+0.0070 (+16.28%)
  • BRF S.A. (BRFS): 5.05+0.69 (+15.83%)

Stock prices, stock quotes are as of the close of the US stock market on May 21, 2021

Stock market data: Yahoo Finance

Stock market today May 19, 2021

1

Stock market today

The US stock market fell today, but losses were trimmed at the close. Dow Jones fell 164 points, Nasdaq closed flat and S&P 500 fell 12 points. How did the US stock market close today?

S&P 500: 4,115.68,-12.15(-0.29%)
Dow 30: 33,896.04,-164.62(-0.48%)
Nasdaq: 13,299.74,-3.90(-0.03%)
Russell 2000: 2,193.64,-17.24(-0.78%)

Stock market news

“Stocks paced toward a third straight day of declines, with technology shares leading the way lower as concerns over inflation persisted.

The Nasdaq underperformed, and the index opened lower by more than 1.5% before paring some losses. The S&P 500 and Dow were also off sharply. Cryptocurrencies sold off, with bitcoin (BTC-USD) sinking more than 17% to trade below $38,000, or the lowest level since February, and ethereum (ETH-USD) plunging 21% to below $3,800. The moves lower extended a recent bout of volatility and were exacerbated after the People’s Bank of China doubled down on its stance that cryptocurrencies could not be used for payments.

Leadership in equity markets has see-sawed between cyclical and value stocks and technology shares, as investors consider prospects for a strong economic rebound, but also the possibility that the pick-up in activity generates a surge in inflation that ultimately weighs on the recovery. So far this month, those concerns have won out and dragged on the indexes, with the S&P 500 down 1.3% for May-to-date and the Nasdaq down 4.7%.

“We’ve been telling our clients that we’re probably entering a period where there’s going to be increased chop going forward,” Matt Orton, Carillon Tower Advisors, told Yahoo Finance. “We’ve had a pretty extreme rotation from growth into value. We’ve seen fits and starts of rotating back into the growth.”

“Now investors need to digest what could potentially be happening with inflation,” he added. “But what we like to remind folks is that as we move sideways, any sort of meaningful downside you see should be used opportunistically, because earnings have been strong, guidance from companies has been incredibly strong going forward. The economy is starting to accelerate as we reopen. So there’s a lot of reasons to continue owning equities, and it’s all about having a game plan.”

Stock market data: Yahoo Finance

Stock market today May 18, 2021

2

Stock market today

The US stock market closed lower today. All major US stock indices declined, S&P 500 underperformed and Nasdaq outperformed. How did the US stock market close today?

S&P 500: 4,127.83,-35.46(-0.85%)
Dow 30: 34,060.66,-267.13(-0.78%)
Nasdaq: 13,303.64,-75.41(-0.56%)
Russell 2000: 2,210.88,-16.24(-0.73%)

Stock market news

“Stocks dipped on Tuesday, with the Nasdaq erasing earlier gains to join the S&P 500 and Dow in the red.

The S&P 500 drifted lower and headed for a second straight day of declines. The Nasdaq also sank, and the Dow shed more than 100 points, or 0.3%. Walmart (WMT) shares gained more than 2.5% after the company posted first-quarter earnings that handily exceeded estimates and raising full-year guidance. However, Home Depot (HD) and Macy’s (M) shares declined even after both companies topped Wall Street’s first-quarter earnings estimates.

Technology stocks have fluctuated between steep gains and losses over the past several weeks, with concerns over inflation and higher rates threatening to weigh on valuations of high-growth stocks. The information technology sector has increased by just 3.4% for the year-to-date through Monday’s close, far underperforming the broader index’s 10.8% gain over that time period and coming in as the worst performer of the index’s 11 sectors. Last year, the information technology sector was the biggest outperformer.

“Markets have basically made inflation the battleground issue for determining whether or not it’s really this rotation trade that’ll win out the rest of this year, or whether it’s the tech and growth stocks that won out last year,” James Liu, Clearnomics founder and CEO, told Yahoo Finance. “You’ve seen this bounce back and forth throughout the course of this year.”

“Right now what you’re seeing with inflation are those base effects. Everyone is calling those transitory. You’re seeing supply and demand issues in certain sectors,” he added. “But what we’re really not seeing is what we would usually call monetary inflation, which is what you saw in the 1970s and 1980s, and that’s really where big inflation protection in your portfolio really comes into play. So for us, right now we think it pays for investors to stay invested and to basically look out for the second half of this rotation trade for this rest of this year.”

Stock market data: Yahoo Finance

Biggest stock gainers today May 14, 2021

3

Biggest stock gainers

These are the stocks that were the bigget stock today, May 14, 2021 for the US stock market.

  • Upstart Holdings, Inc. (UPST): 103.36+19.31 (+22.97%)
  • Dillard’s, Inc. (DDS): 125.35+23.23 (+22.75%)
  • Cricut, Inc. (CRCT): 24.54+4.54 (+22.70%)

Stock market data: Yahoo Finance