Buying IMAX might be the best way to invest in the movie industry, Jim Cramer says
"At a time when the movie studios and the movie theaters are struggling, IMAX has tremendous momentum because it's proven to be the best way to sell tickets," he said. "If you're at all inclined to invest in the movie industry, IMAX seems like your best bet."
Cramer explained that IMAX's business model is different from many of its peers. Instead of operating its own theaters, the company sells or leases its theater systems to operators like AMC or Regal. IMAX also earns money from ongoing maintenance services. Cramer suggested movie theaters are eager to spend money on IMAX so they can charge moviegoers a premium for those tickets.
IMAX beat the estimates when it posted earnings in April, and CEO Richard Gelfond said on the call that it was "our best first quarter ever," raking in more than $300 million in global box office revenue. He said the company signed agreements for over 100 new and upgraded systems year-to-date, compared with 130 in all of 2024. Management also reaffirmed that it's on track to make $1.2 billion in box office receipts this year — which would be a record for the company. Cramer said he was encouraged by IMAX's growing presence abroad, especially in China. Local language films account for more and more of the outfit's business. In 2019, the category comprised 12% of the total global box office and has grown to 68% by 2025, management said.
IMAX has also been involved in lucrative domestic films — its theaters delivered 20% of the domestic opening of "Sinners," Gelfond said in April. Cramer pointed out that there are several major films designed specifically for IMAX, including "Mission Impossible — The Final Reckoning," as well as the upcoming installment in the "Avatar" series. The company doesn't seem worried about competition from streamers, Cramer suggested, noting that it has chosen to partner with major players in the field. Netflix's new "Narnia" film will first be released exclusively on IMAX screens, he said. IMAX partnered with Apple for "F1: The Movie," which has become the streamer's highest-grossing theatrical film ever. IMAX is also working on sports content and has produced its own documentaries, Cramer added.
Wall Street's expectations are high for IMAX's next quarterly report, which is set to be released later this month, Cramer said. Although he said the stock is "not exactly cheap," the company's growth potential could justify buying some shares now.
"So, if you don't have a position in IMAX already but want to, maybe put on a small position before the quarter," he said. "Please wait to see how the report goes. Maybe the stock will pull back and you can buy at a discount."
IMAX did not immediately respond to request for comment.
Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter.Disclaimer The CNBC Investing Club Charitable Trust owns shares of Apple.
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Trading platform eToro beats profit estimates (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. On stock jumps on sales beat, CEO weighs in on tariffs Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance. Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15. In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously. "On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter." Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam. "Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia." Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation. He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact." Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance. Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15. In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously. "On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter." Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam. "Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia." Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation. He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact." Circle revenue jumps in first results since blockbuster IPO (Reuters) - Circle (CRCL) posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services. Shares rose more than 7% in premarket trading, solidifying the rally that has pushed the company's stock to more than five times its initial public offering price. Read more here. (Reuters) - Circle (CRCL) posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services. Shares rose more than 7% in premarket trading, solidifying the rally that has pushed the company's stock to more than five times its initial public offering price. Read more here. Smithfield Foods lifts profit outlook after strong sales Smithfield Foods Inc. (SFD), stock fell 2% before the bell despite raising its profit expectations following a strong second-quarter. The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat. Bloomberg News reports: Read more here. Smithfield Foods Inc. (SFD), stock fell 2% before the bell despite raising its profit expectations following a strong second-quarter. The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat. Bloomberg News reports: Read more here. Tencent Music beats quarterly revenue estimates Reuters reports: Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks. The company's New York stock rose 3% before the bell on Tuesday. Read more here. Reuters reports: Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks. The company's New York stock rose 3% before the bell on Tuesday. Read more here. Oklo stock has rallied 230% this year, but it's slipping on Q2 results Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street's lofty expectations. The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss. Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock's rise. These include President Trump's executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year. Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street's lofty expectations. The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss. Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock's rise. These include President Trump's executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year. stock sells off as losses accelerate (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance. Here's what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence: BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business. 'While we are very optimistic with ... growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,' CEO Kevin McAleenan said in the earnings release. Listen to earnings call live on the stock page. (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance. Here's what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence: BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business. 'While we are very optimistic with ... growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,' CEO Kevin McAleenan said in the earnings release. Listen to earnings call live on the stock page. Plug Power stock falls on earnings miss Primary hydrogen player Plug Power (PLUG) continues to grow its top line, but a larger-than-expected loss disappointed in the second quarter. Plug Power reported a $0.20 loss per share, a wider loss than the $0.15 per share Wall Street expected, according to S&P Global Market Intelligence. The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue. The company's gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025. Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter. The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called "a major policy win." The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry. Listen to the earnings call live here. Primary hydrogen player Plug Power (PLUG) continues to grow its top line, but a larger-than-expected loss disappointed in the second quarter. Plug Power reported a $0.20 loss per share, a wider loss than the $0.15 per share Wall Street expected, according to S&P Global Market Intelligence. The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue. The company's gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025. Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter. The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called "a major policy win." The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry. Listen to the earnings call live here. stock falls 24% on sales miss, CEO health struggles Inc. (AI) stock tumbled as much as 30% after the software company reported a steep sales miss that it attributed to its founder's health issues. Bloomberg reports: Read more here. Inc. (AI) stock tumbled as much as 30% after the software company reported a steep sales miss that it attributed to its founder's health issues. Bloomberg reports: Read more here. 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