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.
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