Nov 10, 2023
AMC Entertainment (AMC) 3Q earnings were recently released. Its adjusted EPS came in at -$0.09 versus an estimated -$0.20 and revenue came in at $1.41B versus an estimated $1.29B. Victoria Bills discusses the outlook for AMC. She notes that the stock sell-off after record-breaking profits is to help provide a cash cushion for debt burdens. She the talks about Caterpillar (CAT). She says that CAT is the best positioned to survive and thrive in high inflation and a slow growth environment. She also looks at Nvidia (NVDA) which she mentions has no major competitors and the push to AI is a massive tailwind to the company’s business. Tune in to find out more about the stock market today.