AMC’s Crazy Rally Is a Moneymaking Opportunity
Not that long ago, AMC Entertainment Holdings Inc. (NYSE: AMC) faced potential bankruptcy when the pandemic crippled the movie theater industry.
In 2021, though, the stock has rallied more than 3,000% as day traders, meme traders and Reddit investors continue to buy shares at higher and higher prices.
AMC’s skyrocketing valuation may seem crazy. But there’s a moneymaking opportunity here if you have the right trading strategy.
In today’s Market Insights video, Steve Fernandez and I discuss why investors shouldn’t ignore meme stocks such as AMC.
(If you’d prefer to read a transcript, click here.)
Editor, Strategic Fortunes
My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives. Eventually, I needed to walk away from the excess of Wall Street. That’s when I joined Banyan Hill in 2017. Now I help readers get ahead of the market and build their retirements.