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2 Entertainment Stocks That are a Better Buy Than AMC

Published 06/17/2021, 02:08 PM
Updated 06/17/2021, 03:30 PM
© Reuters.  2 Entertainment Stocks That are a Better Buy Than AMC

© Reuters. 2 Entertainment Stocks That are a Better Buy Than AMC

AMC’s aggressive marketing strategy has made it one of the most popular meme stocks, with triple-digit price gains over the past month. However, we think its weak financials and growth outlook make it best avoided now. Rather, investors seeking to capitalize on the booming entertainment industry should instead bet on Fox Corporation (FOXA) and News Corporation (NWSA).AMC Entertainment Holdings, Inc. (NYSE:AMC) has been the most profitable meme stock so far this year, with 2502.8% gains year-to-date. The stock has gained 325.1% over the past month. AMC shares regained their popularity when the company announced perks for its retail investors, including a free tub of popcorn and invitations to special screenings.

However, AMC’s poor financials have been a major concern for some time. And insiders have been selling AMC stock amid its rally because the company’s growth prospects look bleak. So, we think it is a highly risky investment bet now.

As the gradual reopening of the economy improves the prospects for entertainment companies, however, investors could bet on relatively stronger companies in this space. Fox Corporation’s (FOXA) and News Corporation’s (NWSA) strong financials position them well for stable returns. So, we think these stocks could be better picks than AMC.

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Latest comments

HAHAHAHAHA 😅🦍🦍🦍🦍🦍 🙌💎🙌💎🙌💎
hahahahahaha did the Hedgies pay you for thhis stupid article ???  Hold till the moon !!! thhe golden age it's over!!! now it's time for us to get revenge ;)  AMC to the moon !! the ape's army gonna win this war !
Another boys club trying to save his hedgie friends. Admit defeat, your going to be killed when the gamma squeeze happens.
Stock News is fake news
Ahh hahahahahaha. Nice try. Give it up. You’re neither big nor clever.
FUD much?
What does the time of these articals and the tike of the drops corrolate? Hm i wonder!
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