Tag: Stock Market News (Page 2 of 24)

Stocks Are Trading Sideways: Is Now Time to Buy?

Market News: Stocks are trading sideways, should you buy?
Market News: Stocks are trading sideways, should you buy?

Stocks are trading sideways, indicating there is indecision in the market.

Despite its macro downtrend this year, the S&P 500 (SPY stock) is retesting its $400 levels after coming down significantly to $350.

As the market sees some bounce, we’re also experiencing major barcoding, or sideways trading.

Market makers are capitalizing on supply and demand zones along with support and resistance levels.

And while day traders are also capitalizing on these swings, it’s retail investors who are stuck in the middle.

Is now the time to buy stocks?

Let’s discuss it below.

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Will SPY Break Through?

Spy Stock Chart - Franknez.com.
SPY Stock Chart – Franknez.com.

The SPY is currently in a downtrend channel.

Breaking above the $400 level could mean a strong breakout for the market.

Rejection on the channel’s trendline will result in further market decline where SPY may touch $330.

Buying the market now will play a big role in the momentum needed to break the market’s downtrend.

Our weekly MACD shows us buyers are coming in while our TTM indicator shows us decaying selling momentum, for now.

Spy Stock Technical Analysis - Franknez.com.
Spy Stock Technical Analysis – Franknez.com.

Market makers and big whales still have the final say of course.

A break above the downtrend signals a great buying opportunity.

Rejection at $400 levels will signify more downtrend for the market lies ahead.

At this point, retail investors may hold off from buying until price hit the next support trendline.

Related: How to Invest in the Stock Market for Beginners

Is There Another Stock You’d Like Technical Analysis On?

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Leave a comment below if there’s another stock you’d like me to cover technical analysis on.

Related: How Soon Will AMC Break the Next Level of Resistance?

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Billionaire Investor Carl Icahn Bets Against GameStop

Carl Icahn Short on GameStop
Stock Market News: Carl Icahn is short on GameStop shares.

Billionaire investor Carl Icahn began shorting GameStop during the height of the ‘meme stock’ frenzy around January of 2021.

Carl Icahn still holds a large short position in GME stock, according to people familiar with the matter.

Icahn started building the short position when GameStop was trading near its peak of $483 per share and still holds a large bet against the retailer’s shares, said people, asking not to be named due to the matter being private.

The billionaire investor who has added to his position from time to time is betting that GameStop’s stock isn’t trading on its fundamentals and will continue to fall, insiders said.

Here’s the latest GameStop news.

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Ryan Cohen Posts Picture with Carl Icahn

GameStop chairman Ryan Cohen posted a picture with Carl Icahn in October which many shareholders anticipated as bullish future news.

People began to speculate Carl Icahn was going to buy GameStop shares.

Little did shareholders know that the multi-billionaire investor has been betting against GameStop since the beginning of the ‘meme stock’ frenzy, per Bloomberg.

At the time of the photo, neither individual confirmed that Icahn would take a stake in the retailer.

In January 2021, Ryan Cohen was appointed Chairman of the video game retailer.

As of March 22, he owns a total of 36.4 million shares of GameStop through his investment firm, RC Ventures, making him the largest shareholder.

GameStop shares closed at $25.16 on Monday, down -8.84% on the day.

Related: Shareholders Are Preparing for An AMC Short Squeeze

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How Soon Will AMC Break the Next Level of Resistance?

when will AMC go up again
Stock Market News: AMC Stock news + More.

AMC stock is up +19.53% in the past month.

The movie theatre chain stock has broken resistance levels after it had bounced at $5 levels.

The $6 levels have been a strong demand zone for AMC, and recent volume has moved the stock up to $8.30.

But recent halts forced the stock to trade below $8, sending it back to $7 levels where it’s currently trading again.

How soon will AMC break the next level of resistance and move past $8 levels?

Let’s discuss what it’s going to take for the movie theatre chain to trigger massive price action again.

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Volume is Key, But It’s Come Down

when will AMC go up again?
When will AMC go up again?

It’s not uncommon for trading volume to decline during a bear market.

Investors tend to sell stock more often than buy it during these times.

AMC’s average volume has dropped from 46 million earlier this year to 29.2 million.

There have been trading days where AMC’s share price spikes due to a high-volume day.

But these high-volume trading days have now become somewhat of anomalies compared to last year’s heavy buying weeks and months from retail.

Even now as we see AMC break resistance levels above $6 and $8, we see the importance of big volume days.

The SPY is showing us that the markets are readjusting again, ready for a market bounce after a dreadful bear market.

As investor confidence increases in the market, we may begin to see AMC’s average volume begin to rise again.

Related: Shareholders Are Preparing for An AMC Short Squeeze

AMC’s Fundamentals Strike Wall Street Pessimists

when will AMC go up again?
When will AMC go up again?

Last year we saw many financial institutions were loading up on AMC Entertainment stock around the $9-$14 levels.

The difference this year is that AMC is a much better company fundamentally than it was last year.

Not only has the company cut its debt load, but it’s also beat earnings expectations every quarter since Q1 of 2021.

The century old company continues to be a retail favorite with many shareholders even turned loyal customers.

Shareholders have no doubt the community made up of millions of investors will squeeze short sellers again.

Only this time AMC will reach a new all-time high not seen yet.

Not only is the popularity of AMC increasing, but so is the popularity of investing in the stock market.

New investors getting into the stock market will be looking to capitalize on opportunities such as an AMC short squeeze.

Institutional and retail investor confidence in the market is what’s going to create big volume in the coming weeks as the market continues to bounce.

Worst Case Scenario?

when will AMC go up again?
When will AMC go up again?

My short-term view on AMC Entertainment stock is bullish.

Worst-case scenario is a bounce takes on more of a long-term approach.

Consolidation in AMC will indicate indecision, which means retail investors will need to step it up and demonstrate to institutions AMC is worth going long on.

Afterall, Wall Street can only deny AMC’s progress for so long until the narrative takes a complete 180 degrees.

But ultimately, retail investors are the key here.

Without retail investors, without the public, without the people, AMC stands no chance against Wall Street pessimists who have mainstream media to their advantage.

This is the blog of the people.

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Shareholders Are Preparing for An AMC Short Squeeze

AMC Short Squeeze
Stock Market News: AMC’s high short interest and borrow fee indicate a short squeeze is near.

Shareholders are preparing for an AMC short squeeze as the stock continues to trend upwards and break new levels of resistance.

The movie theatre stock is up +18.40% on the month and up more than +37% in the past week.

Volume has steadily increased and even surpassed the average trading volume of 30 million.

AMC shareholders are speculating big moves may be underway as the rising price triggers short sellers to close out their positions.

AMC’s current short interest is still high at 19.76% per Fintel.

This means there is plenty of shorting in the stock for retail to trigger another massive price move like they did in January but more specifically in June of 2021 when the stock soared to $72 per share.

AMC short interest today

The company has performed well considering it almost faced bankruptcy early last year.

AMC Entertainment has beat quarterly earnings since 2021, striking confidence for an AMC short squeeze in 2022.

And the cost to borrow short shares has also skyrocketed in recent times.

Borrowers are now paying a whopping 66.4% to short the stock!

This is big news.

Let’s discuss it more below.

AMC Short Interest Today

According to Fintel, AMC’s short interest today is sitting at a high 19.76%.

AMC shot up to $72 per share last year when the stock was heavily shorted around 20% short interest.

AMC’s short interest came down to approximately 14% when it had reached its all-time high of $72.

The stock’s price may have come down a long way, but shorting has increased since and so has the short interest.

But AMC is seeing a slight bounce as it rejects the major level of support around $6 per share, currently trading between $7.50 and $8.

Heavy buying pressure is all the movie theatre stock needs to begin following previous trends back up to $9, $14, and $20+ levels.

If retail investors are able to successfully trigger this event, a short squeeze is inevitable.

What makes AMC more interesting now than ever is how high short sellers are paying to borrow the stock compared to earlier this year.

Stonk-O-Tracker is reporting a whopping 66.40% short borrow fee rate.

AMC Short borrow fee rate

This is the annual fee it is now costing hedge funds to short the recovering movie theatre chain.

Liquidation across the markets could explain the obligation to keep up with such a high fee.

But that’s not all, AMC’s short borrow fee rate was as high as 77.80% on Wednesday.

The question is, how long will hedge funds be able to keep up with these losses as retail investors continue to buy and hold AMC stock?

FUD Grows but the Community Still Stands

stock market news and updates - AMC
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There are many doom prophets infiltrating the retail community urging investors to sell their AMC shares.

Claiming that AMC is dead, and it will never squeeze.

Now more than ever, short sellers opposing heavy retail volume are trying to scare shareholders out of their money.

But the AMC community is still standing strong.

Is an AMC short squeeze happening soon?

The probability of retail investors squeezing shorts again is not a far-fetched idea.

We could begin to see bigger price action very soon.

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AMC Surges +48% in The Past 5 Trading Days

Stock Market News Today: AMC Shares Surge as Volume Surges.
Stock Market News Today: AMC Shares Surge as Volume Surges.

Why is AMC surging? The movie theatre chain stock has surged more than +48% in the past 5 trading days.

The stock is up more than +30% since our last ‘buy’ signal on the blog back in late October.

And should you buy AMC stock today?

Let’s look at the latest AMC stock news and updates this week.

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AMC Volume Surges Alongside Price

AMC Stock Surges
Stock Market News: AMC Stock Surges.

AMC’s trading volume on Tuesday rose to 43.9 million, up 12.8 million from the average trading volume of 31.1 million.

Volume has always played an important role in the company’s share price.

Retail investors proved this last year when shares soared from $2 to $20 in January and from $14 to $72 in June of 2021 based on heavy buying.

Time and time again we see AMC surge in price when volume peaks past its average trading volume.

While dark pools do indeed suppress AMC’s share price from reflecting full buyer’s demand, when purchased in mass, retail has power.

Even if they’re only small swings, they get the needle moving which could force shorts to close their positions, initiating a short squeeze.

AMC beat earnings expectations for Q3 of 2022 and saw big revenue from Black Panther: Wakanda Forever.

Black Panther: Wakanda Forever scored the second biggest opening of the year behind Doctor Strange: Multiverse of Madness with a $300 million global launch and $180 million domestic debut.

It’s safe to say AMC Theatres is far from going bankrupt like Wall Street likes to predict.

But does this mean AMC stock is a buy?

AMC Reports $0.22 Loss Per Share ($227 Million)

Stock Market News and Updates: AMC Stock news today.
Stock Market News and Updates: AMC Stock news today.

AMC Entertainment reported a $0.22 loss per share, or $227 million during Q3 earnings.

The company’s shares have declined dramatically during the bear market though investors seem to be gaining confidence again as the S&P 500 begins to bring the entire markets up again.

Despite general market sentiment, AMC Entertainment has been releasing nothing but bullish news all year.

Some analysts have even gone to say that share prices are so low now from their high that now could be a great time for value investors to buy into the company stock.

And I agree.

Whether or not the markets have hit a bottom yet, AMC Entertainment continues to be a retail favorite with a strong CEO who’s willing to do whatever it takes to raise capital and move the company forward.

But I’m curious to know what you think.

How are you feeling about AMC Entertainment stock today?

Leave your thoughts in the comment section down below.

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AMC CEO Says a DRS Will Prevent Shorting

DRS AMC shares
Stock Market News: AMC CEO says Registering AMC Shares prevents shorting.

AMC CEO Adam Aron said during Q3 announcements that by using a DRS, or Direct Registration System, investors could prevent the company stock from being shorted.

“If you direct register your shares, they cannot be shorted”, said the CEO.

Now investors who were once skeptical on DRS suggest this could be the only way to trigger a massive short squeeze event.

Institutions have been able to suppress AMC’s share price through overleveraged shorting in the market.

And unfortunately for retail investors, the real demand for the stock has been hidden for far too long.

Is DRS the strategy to beating Wall Street again?

Let’s discuss it.

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What is a DRS?

should you DRS AMC shares?
Should you DRS AMC shares? AMC DRS Reddit.

The Direct Registration System, or DRS, is a system for book-entry ownership.

DRS offers investors and shareholders an alternative from receiving a physical certificate, by allowing the shares to be recorded in the books electronically.

The way AMC shareholders can transfer their shares to a DRS is by contacting their brokers and requesting the transfer directly.

Shares registered through DRS cannot be lent to short-sellers by brokerage firms.

DRS might also be able to expose the fraud that occurs behind the doors of market makers and other financial institutions.

Naked shorting has been a real problem in the finance sector and unfortunately the SEC has not tackled it head on.

It’s very possible DRS kills two birds with one stone.

But I’d love to hear your thoughts on the segment.

Should AMC shareholders DRS their shares?

And do you think it will make a difference?

Leave your thoughts in the comment section below.

Latest AMC Stock News

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AMC beat earnings expectations for Q3 of 2022, ending the quarter with just under $900 million in liquidity.

The company seated more than 53 million guests in Q3, a 33% increase from Q3 of 2021.

Zoom and AMC are partnering up to arm the movie theatre chain with communication services across movie theatres in 17 U.S. states.

The company also plans to issue AMC credit cards by the early 2023.

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Is Now the Time to Buy or Sell in The Market?

is now the time to buy or sell in the market
Franknez.com | Stock market news + more.

The markets seem to be nowhere near a bounce as both stocks and crypto freefall; is now the time to buy or sell in the market?

If you’re part of the small percentage that’s in profit, maybe liquidating has come through your mind.

Especially if you’re looking to protect your capital and wait for other opportunities.

But what if your portfolio has suffered significant losses?

Is it best to cut your losses and conserve whatever cash you have left?

This article is going to provide you with perspective on ways to not only protect your cash during this nasty bear market, but also how to identify opportunities to multiply your wealth.

Let’s dive right into it.

Should You Buy or Sell?

should you buy or sell in the market.
Should you buy or sell in the market.

Whether you should buy or sell in today’s market conditions will depend on how liquid you are and on your future and current investment plans.

Value investors looking to add stocks to their long-term portfolios could benefit from buying the markets lows, though it’s important to keep in mind that the markets are still susceptible to fall.

Dividend stock investors could also benefit from buying these lows.

Diversified investors who are looking for the next opportunity may want to liquidate positions to have cash ready when the time is right for the next move.

Whether that be waiting for real estate opportunities or other markets to tumble, this will highly depend on an individual’s needs.

With so much uncertainty in the markets at the moment, the best thing investors can do is create a plan to guide their investment goals in the right direction.

Identify what you’re aiming to achieve when investing in the market.

Is it long-term capital gains?

Income?

And decide what it is you need to do now in order to meet your investment needs.

Bitcoin Falls Under $16K, Crypto Down

Crypto News. Bitcoin news.
Crypto News: Bitcoin News.

Bitcoin (BTC) fell under $16K on Wednesday.

Peter Schiff warned investors in a Twitter space call to sell Bitcoin today as the cryptocurrency could be headed towards lower levels.

The economists said he does not own any Bitcoin but urges holders to buy back in after a market collapse occurs in the crypto space.

On the other hand, FTX is causing a ruckus as the token falls more than 90% in the past 7 days with nearly 60% happening in the last 24 hours.

FTX investors include:

  • BlackRock
  • Ontario Pension Fund
  • Sequoia Paradigm
  • Tiger Global
  • SoftBank
  • Circle
  • Ribbit
  • Alan Howard
  • Multicoin
  • VanEck
  • Temasek

In recent crypto news, Binance backed out from saving FTX leaving the crypto on the brink of collapse.

FTX CEO Sam Bankman-Fried said that without more capital, bankruptcy is likely.

Related: How to Buy Cryptocurrency for Beginners

Stock Market Rains Blood

Is now the time to buy in the bear market?
Is now the time to buy in the bear market?

Stocks continue to bleed as the Fed struggles to maintain economic structure and institutional investors liquidate the market.

The NASDAQ and SPY have seen improvement in the past month, but economists, CEOs, and media influencers say the market has plenty of room to drop.

Stocks fell sharply on Wednesday, a day before CPI announcements.

Poor consumer reports could cause stocks to fall sharply again.

Traders should trade with caution.

With inflation affecting millions of families and corporations such as Netflix, Facebook (META), Twitter, and Tesla laying off tens of thousands of employees, a recession looms.

Whether you decide to buy or sell in today’s markets will ultimately depend on how liquid you are and whether you’re prepared to face a highly likely recession in the coming months to year.

Creating a plan and identifying what you can and cannot do financially as turmoil hits the economy is your best bet of riding this wave.

Do you plan to buy or sell in the market today?

Leave your thoughts down below.

Related: How to Buy Stocks for Beginners

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