AMC Theatres Says It Will Be Out of Cash by Early 2021, Stock Price Plummets

AMC Entertainment says that unless circumstances change, it will be out of cash by late 2020 or early 2021.

The largest U.S. movie-theater exhibitor laid out the grim news in a Tuesday SEC filing, which sent company stock price below $4 per share. At the time of this writing, AMC stock (AMC) had declined 8% from Monday’s close.

The company sounded the alarm in a Tuesday filing to the Securities and Exchange Commission, pointing to low attendance figures for theaters that have managed to reopen amid the pandemic and the drought of major Hollywood films to lure moviegoers into its venues.

Without a major uptick in attendance or an injection of new funding, the company said, “existing cash resources would be largely depleted by the end of 2020 or early 2021. … to meet its obligations as they become due, the Company will require additional sources of liquidity or increases

Read More

Read More

Could you buy stock in the Red Sox? Explaining Fenway Sports Group’s potential deal to go public

The talks may not end with a handshake. But the estimated $1.5 billion FSG would get from RedBall and other investors would give Henry (who also owns the Globe) the financial flexibility to expand the company, which includes its English gem, Premier League champion Liverpool Football Club.

There’s even a Yankees twist. (More on that later.)

Savvy investors may understand how the process of raising money and going public through a SPAC works, but the average Red Sox fan is likely to have questions, especially about the potential for them to buy stock in the team. We try to answer some of those questions here.

How would the deal work?

RedBall, a shell company with no operations, would acquire 20 percent to 25 percent of FSG using money it raised by selling stock in August. The investment would value FSG at $8 billion, as first reported by the WSJ. Henry

Read More

Read More

U.S. stock futures little changed after major averages snap four-day winning streak

U.S. stock index futures were mixed during overnight trading after the major averages registered their first day of losses in five trading sessions.

Futures contracts tied to the Dow Jones Industrial Average were slightly higher, pointing to a 20-point gain at the open on Wednesday. S&P 500 futures and Nasdaq 100 futures were slightly lower.

Stocks fell on Tuesday, snapping a four-day winning streak. The Dow Jones Industrial Average slid 157.71 points, or 0.6%, while the S&P 500 declined 0.6%. The Nasdaq Composite was the relative outperformer, dipping 0.1%.

The decline came amid a number of macro headwinds. Eli Lilly said Tuesday afternoon that it would pause its trial of a coronavirus antibody treatment, news that followed Johnson & Johnson’s earlier announcement that it halted its vaccine trial after an “adverse event” was reported. Additionally, hopes for near-term stimulus have faded as Democrats and Republicans remain at odds.

The White

Read More

Read More

Dow Jones Industrial Average Drops as Stock Market Faces a ‘Reality Check’

Text size

With bank earnings, Apple’s iPhone event, and the start of Amazon Prime Day on the schedule, Tuesday promised fireworks for the stock market. Instead, they delivered yawns as investors wrestled with continued Covid headlines and no stimulus.

The

S&P 500

finished down 0.6%, while the

Dow Jones Industrial Average

declined 157.71 points, or 0.6%, and the

Nasdaq Composite

dipped 0.1%. Yes, it was a down day, but not a big one.

“Stocks remained remarkably stable in the face of the scary COVID headlines and the global risk selloff, and this relative strength is even more impressive due to the lack of a stimulus deal,” writes Gorilla Trades strategist Ken Berman.

The same can’t be said for the companies that were making news.

Apple,

for instance, dropped 2.7% after releasing the details of its new iPhones. They were nice, but not exciting enough for a stock that had

Read More

Read More

M&T Bank: A Cheap Valuation Sets Up The Stock To Bounce After Third Quarter Earnings (NYSE:MTB)

Investment Thesis

Headquartered in Buffalo, New York, M&T Bank Corporation (MTB) is a $140 billion asset holding company and parent to M&T Bank. MTB has offices located throughout the Northeastern United States. Specifically, the bank has 785 branches located in Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and a few other states.

While MTB is more of your classical “loans and deposits” type community banks, relative to super regional peers, it does have a strong wealth management presence associated with its Wilmington Trust business. While most other banks focus on growth first, I believe MTB is more focused on sound credit quality above all else. As one can see from the charts below (under “Credit Analysis”), the bank did quite well during the last recession in terms of credit pain.

As one can see from the valuation chart below, the current valuation (in terms of Price to Tangible

Read More

Read More

Reasons to Retain MAXIMUS (MMS) Stock in Your Portfolio

MAXIMUS, Inc. MMS shares have gained 12.1% over the past six months, outperforming the 8.2% rally of the industry it belongs to. We believe that the company has the capacity to carry on with this momentum.

 

Factors Supporting the Rally

With more than 40 years of experience, MAXIMUS has grown to be a leading operator of government health and human-services programs globally. The company’s business-process management expertise and ability to deliver cost-effective, efficient and high-scale solutions position it as a lucrative partner for governments. MAXIMUS maintains solid relationships and strong reputation with governments, and long-term contracts provide it with predictable recurring-revenue streams.

To sustain the quality of its services amid the pandemic, the company is using a hybrid operational model, maintaining delivery through a mix of work-from-home arrangements and safe, on-site working arrangements. MAXIMUS’s performance remains strong, thanks to the census contract in the U.S. Federal Services Segment and new

Read More

Read More

Here’s Why You Should Keep an Eye on the CSX Stock for Now

While coronavirus concerns are weighing on CSX Corporation’s CSX volumes, the company is being aided by cost-control measures. Its sound liquidity position is also providing a cushion against coronavirus-related adversities.

The company’s consistent cost-control measures are supporting its bottom line. Increased operational efficiency, low fuel prices, reduction in labor and fringe expenses, as well as coronavirus-led weak volumes have caused 13% year-over-year decline in CSX’s operating expenses in the first half of 2020.

Expansion of the company’s intermodal service offering to provide customers with a faster and more efficient service is also noteworthy. The company, along with Canadian National, offers an intermodal service between the ports of Philadelphia, PA; New York, New Jersey and the New York City metropolitan area served by the company and Canadian National’s greater Montreal and Southern Ontario areas.

CSX Corporation Price and Consensus

CSX Corporation Price and Consensus

CSX Corporation price-consensus-chart | CSX Corporation Quote

CSX’s commitment to reward

Read More

Read More

Why You Didn’t Notice a Japanese Stock Index Beating the Nasdaq This Year

If you’re not a Japanese investor, you may not have heard of

BASE.


4477 -3.88%

It’s your loss: The small-cap tech stock, a sort of Japanese

Shopify,

has beaten

Tesla’s

rally this year by several hundred percentage points.

It isn’t alone. Japan’s high-growth small-cap stocks are having a roaring year, easily beating the Nasdaq. That the surge is happening largely without Western investors’ noticing speaks to the paucity of attention they pay to the world’s third-largest equity market—particularly its smaller companies.

The TSE Mothers Index, a perplexing acronym for “market of the high-growth and emerging stocks,” is up 156% since its March low, making its gain for the year 55%. That compares with a 33% gain this year for the Nasdaq, the best-performing large U.S. equity index.

Several of the companies—such as like BASE, cloud-based accounting-software provider

freee K.K.,

or biopharmaceutical firm

AnGes


4563 -1.06%

—were

Read More

Read More

China Stock Market Set To Add To Its Winnings

(RTTNews) – The China stock market has finished higher in back-to-back sessions, surging more than 140 points or 4.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,360-point plateau and it’s got a positive lead again for Tuesday’s trade.

The global forecast for the Asian markets is upbeat, with tech shares expected to lead the way higher. The European markets were mixed and the U.S. bourse were broadly higher and the Asian markets are tipped to follow the latter lead.

The SCI finished sharply higher on Monday following gains from the financials, properties and oil and insurance companies.

For the day, the index soared 86.39 points or 2.64 percent to finish at 3,358.47 after trading between 3,286.11 and 3,359.15. The Shenzhen Composite Index surged 73.40 points or 3.31 percent to end at 2,289.36.

Among the actives, Industrial and Commercial Bank of China climbed 1.02 percent,

Read More

Read More

Twilio Stock Jumps 8% on $3.2 Billion Segment Buy



a close up of a logo: The Twilio (TWLO) logo is displayed over a white background on a smartphone screen.


© Source: rafapress / Shutterstock.com
The Twilio (TWLO) logo is displayed over a white background on a smartphone screen.

Twilio (NYSE:TWLO) stock is on the rise Monday following merger and acquisition (M&A) news that it’s acquiring Segment for $3.2 billion.



a close up of a cell phone screen with text: The Twilio (TWLO) logo is displayed over a white background on a smartphone screen.


© Provided by InvestorPlace
The Twilio (TWLO) logo is displayed over a white background on a smartphone screen.

Twilio won’t be spending cash to acquire the cloud data company. Instead, it’s going to fund the entirety of the $3.2 billion purchase price with shares of TWLO stock. This will have Segment becoming a division of Twilio.

Twilio notes that the deal will improve its customer engagement offerings to developers and companies. It will also increase its total addressable market to $79 billion. It notes that this should speed up its growth plans.

Jeff Lawson, co-founder and CEO of Twilio, said the following about the M&A news.

“Combined with

Read More

Read More

1 2 3 12