Nike upgrade, AMC's debt plan: Trending Tickers
AMC (AMC) stock is in focus after the company announced plans to raise $223 million to refinance its debt amid skepticism about its recovery.
Watch the video above to hear Market Domination host Josh Lipton and Prairie Operating Co. executive vice president of market strategy Lou Basenese discuss the latest on both stocks.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
Now time for some of today's trending tickers gonna watch Nike and AMC and up first Argus upgrading Nike stock. They go to a buy on that one and analysts say that recovery for the company is on its way with Argus expecting Nike to dominate in the athletic apparel and footwear markets the long run, despite the industry's growing competitiveness, Argus believes that Nike will continue to strengthen its position through global brands innovative products and rapid growth in emerging markets. So Lou Argus does upgrade this to buy target, looks like they, they go to 85 here looks like recoveries underway. They talk about how Nike's clearing inventory, so their products were up to date. Um, are you a believer? CEO Elliot Hill, you got the celebrity athletes whatever you want.
Yeah, I'm not there yet in the short term because I believe, if I'm not wrong, if not mistaken it was a couple weeks ago, we were talking about supply chain issues called rising costs because of tariffs that weren't yet resolved. But I do think Nike is one of those iconic brands that is going to find its footing again. No pun intended. Um, just because, I mean you and I grew up with those children of the 90s right, it was the only brand in athletic wear. Uh, they're seeing what consumer tastes are, but for me personally, retail is a tough space to invest in because of changing and finicky demand. So, uh, but I do think Nike has staying power there. They do the right partnerships, um, they need another Tiger Woods-esque type breakout star to really, to carry that banner for that brand.
I was actually a child of the 80s, but I appreciate
80s too. Right.
I appreciate you saying that.
Let's try and upgrade us both.
It's nice to you. All right, the other ticker here we're watching, AMC entertainment announcing a new plan to lessen its debt and take on new financing. The restructuring deal introduces roughly 223 million in fresh capital aimed primarily at refinancing debt scheduled to mature in 26. So, um, this one's interesting Lou. I'll tell you what stuck out, stocks down about 30% this year. Do you know how many buys on the street Lou? Zero goose egg, none. Seven holds, three sells. That's all you get.
Which is the biggest rarity you're ever going to see honestly.
You do not see that often.
You don't see that, right? There's always more buys and maybe a lone contrarian that's out there as a sell. I'm just still scratching my head. How did we not see bankruptcy through COVID? Right. Like just if it wasn't for the meme stock mania, I just don't know that there's been that big of a rebound in movie ticket sales right. To justify this. I think this is at best a melting ice cube of a business model. Right? Just don't. When's the last time you went to a movie? I took my daughter to Moana 2.
Yeah.
That's the first movie in forever.
No, I keep, people come on here and it's very smart analysts and they tell me people are still going to movies. Box office, okay, maybe it's not back to where it was pre-COVID, but there's been a recovery there. Maybe it's just going to be a smaller industry going forward, which makes sense because it's very hard to get me off my couch. I got the couch, the dog, the big screen. I think it's tough.
Yeah. But my thing is, can you get excited about investing in movie theaters, right? You have 4,000 other choices out there. For me, you don't have a single buy rating. You know, um,
Not on this one.
No.
Not one goose egg.
You could be the first.
Right, thank you.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Intriguing Blackhawks Goalie Could Reach New Heights
Earlier this week, the Chicago Blackhawks re-signed goaltender Arvid Soderblom to a two-year, $5.5 million contract. The Blackhawks and Soderblom were scheduled for arbitration, but they have now avoided that by getting this new contract done.
Yahoo
14 minutes ago
- Yahoo
Tennessee Titans' Cam Ward, 'We gotta be ready to play from day 1'
Throughout the offseason and now continuing into training camp, it has become clear that Cam Ward is the future of the Tennessee Titans. Known for his leadership qualities and work ethic on top of his athletic prowess, Ward has been everything and more than what the Tennessee Titans expected when they selected him with the first overall pick in April. Ward has come into Nashville and won over both the locker room and the organization with his infectious attitude. This isn't just coming from the local media or those that cover the Titans on a daily basis; it has become clear to national NFL insiders as well, with the latest being Daniel Jeremiah of the NFL Network. As Jeremiah points out, Ward gets into the facility early, before the coaching staff. While this isn't anything new, as it was reported back in June during minicamp, some new details on how this film will work did come out during an interview with Ward for the network. Ward is not alone in his extra work at 5:30. He is usually joined by a group of receivers led by Calvin Ridley, which includes Chimere Dike, Elic Ayomanor, and Xavier Restrepo, in an attempt to play his best football and have the offense on track early in the season. With Ward and his group of young receivers putting in the extra work, it is easy to see why they have been one of the more exciting units to watch early in training camp. The interview also highlights the increased leadership role Ridley is assuming this offseason, a trend that has been emerging more frequently during player interviews. That dedication bodes well for the Titans' offense, which is looking to surprise teams in 2025. This article originally appeared on Titans Wire: Tennessee Titans' Cam Ward, 'We gotta be ready to play from day 1'
Yahoo
14 minutes ago
- Yahoo
Major Bank Thinks Bitcoin Is Going To Get Less Volatile — Is It Time To Invest?
If you've been on the sidelines watching bitcoin's wild price swings with caution, you're not alone. For years, bitcoin has had dramatic ups and downs, making everyday investors nervous about jumping in. However, this might be changing. As reported by CoinDesk, a report from Deutsche Bank suggests that bitcoin's volatility is likely to continue falling. It pointed to growing mainstream acceptance and an increase in the digital currency's adoption by companies, retail investors and governments. Read Next: Learn More: And if the trend continues, bitcoin could become more like traditional assets and even more attractive to long-term investors. What does this mean for conservative investors? Is it time to invest? Why Bitcoin's Volatility Is Easing Up Since its creation, bitcoin's price has been nothing but a wild ride. However, according to Deutsche Bank, several key factors are helping reduce volatility. For one, there's growing institutional adoption. More companies, retail investors and governments are embracing bitcoin, not just as a speculative asset but as a long-term investment. Second, there's more regulatory clarity. During the recent U.S. Crypto Week in Washington, D.C., the GENIUS Act, which aims to set a regulatory framework for stablecoins, was signed into law. The CLARITY Act, which would establish regulatory guidelines for cryptocurrencies, has also passed in the House. Check Out: A More Mature Market Could Attract Long-Term Investors Deutsche Bank sees the decline in volatility as a sign of a maturing market. If bitcoin continues on this path, it may start to look more like a digital version of gold — a stable store of value rather than a risky bet. That shift could attract more conservative investors, including pension funds and sovereign wealth funds, who previously stayed away due to high risk and regulatory uncertainty. Is It Time To Invest? Bitcoin becoming less volatile doesn't guarantee that prices will only go up. It means the market could behave more predictably over time. If you've been hesitant about buying bitcoin because of the wild price swings, this trend toward stability might offer a more comfortable entry point. Still, it's important to remember that bitcoin is not without risk. It remains a high-risk, high-reward asset, and it's still influenced by news, regulatory decisions and shifting investor sentiment. But if Deutsche Bank is right and bitcoin's volatility is declining, then we may be looking at a new chapter for crypto — one where long-term investors can invest in the crypto with a bit more peace of mind. More From GOBankingRates How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on Major Bank Thinks Bitcoin Is Going To Get Less Volatile — Is It Time To Invest?
