3 actions to avoid this week to avoid getting burned

3 actions to avoid this week to avoid getting burned
3 actions to avoid this week to avoid getting burned

The strategies to follow, PUBLISHED:
10 hours ago

Estimated reading time: 4 minutes

by Davide Pantaleo

Three stocks stocks from which it is good to stay away in the coming days so as not to run into nasty surprises.

In the usual early eighth column, on the pages of The Motley Fool, Rich Munarriz pointed out the three titles to avoid this week.

This is not before having done mea culpa for the indications of the previous update which have all turned out to be incorrect.

Munarriz in fact had suggested staying away from AMC Entertainment Holding which, however, gained over 80%, from Riot Blockchain which rose by 7% and from Oatly which reported a much lower gain of 0.5%.

For the trading week that started yesterday, Munarriz recommends keeping your distance from GameStop, Carnival and again from AMC Entertainment Holdings.

GameStop (NYSE:GME)

The game retailer has been one of the hottest titles on the market since the beginning of last year.

However, gravity finds a way to catch up with GameStop when the group reports new financial results.
Shares of the video game retailer plunged 33.8% the day after the last quarterly update.

The stock fell after the presentation of the accounts in 9 of the past 10 quarters, with an average decline of 12%.

GameStop will present the quarterly on Wednesday: except for one quarter, in the past two and a half years, you haven’t been able to buy it at a much cheaper price at the end of the next trading day.

AMC Entertainment (NYSE:AMC)

Munarriz in recent months has expressed himself in positive terms on AMC Entertainment which has indicated almost two months ago as a title that could have doubled its value again.

Munarriz himself acknowledges, however, that he was wrong last week when he switched gears, suggesting AMC Entertainment among the titles to avoid.

Unlike most bulls, Munarriz does not like the title.
AMC Entertainment’s announcement last week, from which it is learned that there are now more than 500 million shares outstanding, translates into a company value of approximately $ 35 billion.

AMC Entertainment has secured enough funding to survive in the foreseeable future, but it’s not a $ 35 billion business in any way right now.

Carnival

Cruise lines are set to begin trial departures this month, aiming for a return to profitable travel by the end of the summer. This is great news for the industry and especially for Carnival.

Carnival is the largest cruise company in the world and the problem with the positive newsflow now is that this promises to be the time for sell on news.

The shares of all three Wall Street-listed cruise lines have already priced in a recovery and are all trading at higher corporate values ​​than before the outbreak of the COVID-19 crisis.

With a long recovery in sight and no guarantee that we will avoid a new wave of cruise-related cases, as passengers visit ports that are not as well vaccinated as the US, this is an industry that prizes more than a full recovery, when that. it is not a sure thing.

Trend-online Deputy Director, born in 1978.
After completing his studies at the Classical High School “Antonio Calamo” of Ostuni I entered the world of economics.
For about twenty years I have been dealing with Stock Exchange and Finance. After having worked as a financial promoter for several years, in 2005 I joined the Trend-online team as an editor, to later become deputy director of the cylinder head. Among other countless activities, I take care of maintaining relationships with all the experts, analysts and traders, consulted daily by Trend-online.

My motto is? “Life is like a mirror, if you look at it smiling it will smile at you”.

Source

actions avoid week avoid burned

PREV 32,000 digital identities have already been issued in the Vco – Ossolanews.it
NEXT Piazza Affari makes a bang and sends a warning as a voice shakes a stock in the oil sector