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AMC, Retailers, Healthcare IPOs: 3 Things to Watch

Stock MarketsMar 01, 2021 05:39PM ET
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By Liz Moyer

Investing.com -- The market has done so well in the last few days, it has some analysts wondering whether gains for the full year are already locked in.

The indexes surged again on Monday, with the Dow Jones Industrial Average and NASDAQ Composite notching triple-digit gains, and the S&P 500 having its best day since June.

Johnson & Johnson (NYSE:JNJ)’s one-dose Covid vaccine, which just got emergency use authorization from the government, will pour onto the market in the coming days, lifting hopes for a swifter recovery. The Senate now takes up the $1.9 trillion stimulus plan put forward by the Biden administration, another potential jolt to growth.

The reopening trade is lifting shares of airlines and travel-related companies. Boeing Co (NYSE:BA) got a boost Monday after getting more orders for its 737 Max jets.

But other stocks have benefited from the stay-at-home trend over the last year and continue to do so. Zoom Video Communications Inc (NASDAQ:ZM) jumped after hours when it unveiled better than expected earnings and a rosy outlook for this year. DraftKings Inc (NASDAQ:DKNG) also jumped 10% earlier on Monday on expectations more states will allow online sports betting.

Here are three things that could affect markets tomorrow: 

1. Theater chain screens its fourth quarter results

AMC Entertainment Holdings Inc (NYSE:AMC)reports its fourth quarter numbers on Tuesday and it’s expected to be a bleak picture. Movie theaters including AMC -- the largest chain operator -- have struggled to stay afloat, unable to completely reopen in key markets like New York City until recently. But things are looking up for the theater sector now that vaccines are rolling out and restrictions are being lifted. 

Analysts, who expect AMC to report a loss of $3.49 a share, will be listening to hear what AMC’s outlook is for the immediate future. AMC has also been one of a handful of so-called meme stocks caught in a curious trading frenzy stoked by Reddit forum members using Robinhood as their trading weapon of choice. It will be interesting to hear what AMC management has to say about that, if anything.

2. Kohls and Target profit and outlook

We also hear from two big retailers on Tuesday, Kohls and Target. Both are in a position to benefit from the $1,400 in stimulus checks that could be headed to individuals this month if the Senate approves President Joe Biden’s $1.9 trillion stimulus plan. The House has already approved it.

Kohls Corp (NYSE:KSS) is expected to report earrings of 99 cents on revenue of $5.9 billion. Target Corporation (NYSE:TGT) is expected to report EPS of $2.55, according to analysts tracked by Investing.com. That’s on revenue of $27.3 billion.

3. Two medicine-related IPOs

There are two closely watched stock debuts this week. Online health insurer Oscar Health is aiming to raise $1 billion at $32 to $34 a share for a $7.7 billion market value, listing under the ticker OSCR. 

Senior care provider InnovAge Holding is aiming to raise $300 lion, for a $2.4 billion market cap. The company provides care to over 6,600 seniors in 17 centers across five states. 

 

 

 

AMC, Retailers, Healthcare IPOs: 3 Things to Watch
 

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Comments (4)
Gene Kret
Gene Kret Mar 02, 2021 2:24AM ET
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TSLA has a secret that is going to make them untouchable around the globe.
Viking Fire
Viking Fire Mar 01, 2021 7:57PM ET
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Looking forward to the movies
Ricardo Capitão
Ricardo Capitão Mar 01, 2021 7:57PM ET
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🤣🤣 you mean the trailer. It wont even be a full movie.
علی پاشی
علی پاشی Mar 01, 2021 7:55PM ET
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What earnings? You mean debt refinancing. Its a $10 stock all day long right now. Now is the time to buy buy buy.
Songtham Pinyolaksana
Songtham Pinyolaksana Mar 01, 2021 6:22PM ET
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AMC Earning report will be died on Thursday, you mean.
Songtham Pinyolaksana
Songtham Pinyolaksana Mar 01, 2021 6:22PM ET
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..will be due...
Gene Kret
Gene Kret Mar 01, 2021 6:22PM ET
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What earnings? You mean debt refinancing. Its a $10 stock all day long right now. Now is the time to buy buy buy.
Cash Kern
Cash Kern Mar 01, 2021 6:22PM ET
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Gene Kret we like the stock!
 
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