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Is AMC Stock A Buy Now? Here's What Fundamentals, Chart Action, Fund Ownership Metrics Say
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Here's What Fundamentals, Chart Action, Fund Ownership Metrics Say","url":"https://stock-news.laohu8.com/highlight/detail?id=1106520246","media":"Investor's Business Daily","summary":"Going to the movies is exciting. But can it match the action by AMC Entertainment(AMC)? Starting the","content":"<p>Going to the movies is exciting. But can it match the action by <b>AMC Entertainment</b>(AMC)? Starting the year at 2 a share,AMC stock skyrocketed more than 36-foldto an all-time high of 72.62 on June 2.</p>\n<p>Even though an epic short squeeze rally hit overdrive in January this year, AMC stock still attracts short sellers.</p>\n<p>Data frombrokerage TradeZero America for the week ended July 23 shows AMC Entertainment placed 3rd among stocks trading at least $10 a share and getting sold short the most. A total 14,666 short-sale trades crossed TradeZero's platform at an average price of 38.18 per share. AMC ranked No. 2 for the weeks ended Aug. 27 and Sept. 3; in the latter week, the broker executed 8,421 trades at an average price of 45.96 per share.</p>\n<p>In the week ended Sept. 17, TradeZero reports an additional 8,543 short-sale trades made at an average price of 48.39. Yet are the shorts showing fatigue? Data for the week ended Oct. 15 shows AMC seeing 2,604 short trades on the platform at an average price of 39.62 per share. And in the latest week ended on Oct. 29? AMC disappeared from TradeZero's top 10 rankings.</p>\n<p>Shares remain above an Aug. 5 low of 28.91. And briefly in mid-October, AMC appeared to be winning a battle to regain the north side of the technically pivotal10-week moving average.</p>\n<p>This past week, the stock cut some of its early heavy losses to finish down 3% in light volume. This week, AMC has rebounded sharply so far, up 15% headed into Thursday's session and ahead of its Q3 results scheduled for Nov. 8.</p>\n<p>Is AMC Stock A Buy Now?</p>\n<p>So, after a disappointing September and October, in which the stock retreated a combined 26%, AMC remains inbase-building mode.</p>\n<p>Meanwhile, check out the 50-day moving average, drawn in red in all IBD charts.</p>\n<p>AMC shares showed an encouraging rebound back above this medium-term technical support-and-resistance level. Yet the stock is again testing the will of buyers at the 50-day line.</p>\n<p>AMC Stock: Still A Leader In The Stock Market Today</p>\n<p>So, given extraordinary gains through late May, is it time to take profits off the table? After all, the May rally displayedelements of a climax run. Gains from a recentbuy pointat 14.64 have shrunk quite a lot.</p>\n<p>Or is it a buy now?</p>\n<p>This story examines fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company with 1,004 theaters and 11,041 screens scores a good probability of making more money for stock traders.</p>\n<p>After Memorial Day, AMC soared 23% on an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. Proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"</p>\n<p>Some of that money could also go toward paying down debt.</p>\n<p>On June 3, shares at one point fell more than 30% on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC raised $587 million. On July 6, the company decided toshelve a plan to sell more shares to the public.</p>\n<p>Are The Shorts Covering AMC Stock?</p>\n<p>Meantime, consider this stat: Prior to the giant gain on June 2, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203%. In the week ended June 4, AMC stock almost finished up 100% or more for a second straight week. Incredible.</p>\n<p>Earlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling.</p>\n<p>When a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.</p>\n<p>According to MarketSmith,short interest— shares sold short by individual and professional investors — stands at 1.5 times AMC stock's daily average volume of 63 million shares. Short interest, in other words, now encompasses nearly 19% of the stock's entire float. Still a hefty amount. The figure stood at 21% in the spring.</p>\n<p>The NYSE publishes data on short sale positions only twice a month. Plus, the short coverage ratio can be skewed by dramatic changes in daily share turnover. The above data also does not consider any shares that may have been sold short in dark pools.</p>\n<p>TheInvestor's Business Daily team will keep close watch for any signs that short interest has dropped lately.</p>\n<p>Since late January, AMC stock has followed an extreme zigzag path. Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.</p>\n<p>Week to week, the stock (pumping its market value this year to as high as $36 billion on 513 million shares outstanding and a float of 508 million) has lately seen its overall price range narrow. That's good as thenew base continues to form.</p>\n<p>Will AMC Stock Keep Rallying In The Long Term?</p>\n<p>In 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.</p>\n<p>Wall Street now expects net losses of $2.81 a share for 2021, a far cry from the unadjusted net loss of $16.15 it suffered last year. And the Street sees net losses shrinking further in 2022, to 78 cents a share. Recently, that estimate stood at a net loss of 96 cents.</p>\n<p>With big sales expected to arrive, expect cash flows to improve.</p>\n<p>A Q2 net loss of 71 cents a share came well below an estimated net loss of 93 cents. Sales rebounded to $444.7 million vs. $18.9 million a year ago, blasting analysts' consensus forecast for $375 million. In an Aug. 9 news release, AMC Chairman and CEO Adam Aron noted the company raised another $1.25 billion in new equity capital during the quarter; welcomed more than 22 million guests back to its theaters across the globe; and saw successive new pandemic-era box office records on the back of new blockbuster films released over the three-month period.</p>\n<p>Some observers fret over the company's debt load ($5.5 billion in borrowings due one year from now or longer, as of June 30) vs. total assets ($11.3 billion) on the balance sheet. While the company generated $1.21 billion in net cash from financing activities in the first six months of 2021, AMC still posted a negative free cash flow of -$252 million. Operating cash flow was a net outflow of $234 million.</p>\n<p>The last time AMC paid a dividend came on March 23, 2020, at 3 cents per share.</p>\n<p>AMC has yet to set the date of its third-quarter results.</p>\n<p>But on Oct. 4, the company reported a new post-pandemic reopening record for Thursday-to-Sunday attendance and new post-opening records for ticket revenues plus food and beverage sales. Box-office hits \"Venom: Let There Be Carnage\" and the newest James Bond thriller, \"No Time to Die,\" drove the strong results as 2.4 million moviegoers watched a film at AMC Theatres in the U.S. during the Sept. 30-Oct. 3 weekend.</p>\n<p>More than 1.4 million moviegoers watched a movie at Odeon Cinemas overseas. That also marked a new post-reopening record.</p>\n<p>Key IBD Ratings</p>\n<p>For now, AMC scores poorly in many of IBD's proprietary ratings. They include an improved 44Earnings Per Share Ratingon a scale of 1 to 99. The Sales + Profit Margins + Return on Equity (SMR) Rating of D has improved but remains weak. Finally, an 81Composite Ratingon a scale of 1 (wizened) to 99 (wizardly) is rising again, yet signals room for improvement.</p>\n<p>Ideally, you want to focus on stocks that show a 90 to 95 Composite score or higher.</p>\n<p>Meanwhile, AMC's movies industry group has bullishly propelled back into the top 20 among IBD's197 industry groupsin terms of six-month price-weighted performance. Good.</p>\n<p>Mutual funds owning a stake in AMC have jumped to 458 the end of the September quarter vs. 190 in Q4 of 2020. Impressive growth here.</p>\n<p>In other words, professional portfolio managers appear to be accumulating shares.</p>\n<p>AMC Stock Forecast</p>\n<p>When choosing growth stocks for the biggest potential gains based on the CAN SLIM investment paradigm, focus on those with a Composite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.</p>\n<p>However, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.</p>\n<p>A 99Relative Strength Rating on a scale of 1 to 99 means that AMC stock has outperformed 99% of all stocks in the IBD database over the past 12 months. Strong long-term performance? Indeed.</p>\n<p>Plus, despite the recent downdraft, the Accumulation/Distribution Rating shows an excellent A grade on a scale of A to E.</p>\n<p>On the weekly chart and in MarketSmith, watch for the relative strength line to continue rising. The RS line, drawn in blue, compares a stock or ETF's moves vs. the S&P 500. When a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.</p>\n<p>Earlier this year, AMC created a boxy cup over a period of two months. That's plenty of time for a solid cup pattern to form. This pattern produces aproper buy point of 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC's case, the correct entry stood at 14.64.</p>\n<p>AMC Action In The First Half Of 2021</p>\n<p>In effect,AMC stock staged astrong breakout twice over a short period in May.</p>\n<p>First, AMC had to surpass 14.64 before becoming a new buy. A 20% gain on May 25 sent shares zooming past theproper buy point. The5% buy zonegoes up to 15.37; the stock quickly got extended.</p>\n<p>As always, control your risk. Not all breakouts work, especially when thestock market uptrend goes under pressure or into a correction. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.</p>\n<p>In stock investing, seek the wind at your back, not in your face.</p>\n<p>Back in May, this story suggested watching how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 molded adeep cup pattern. From that vantage point, AMC delivered a second breakout on May 27, surpassing a new 20.46buy pointwith fury.</p>\n<p>To get this ideal entry in acup without handle, simply add 10 cents to the cup's left-side high — 20.36. On May 27, shares rifled past this entry. For a while, AMC refused to look back. Still, with gains of as much as 501% in just two weeks, it made sense to lock in at least partial profits.</p>\n<p>Conclusion: Is It A Buy Now? Or A Sell?</p>\n<p>AMC still trades 46% below its 72.62 all-time high. So at that level, it does not yet trade at anIBD-style entry point. For those who want to go long, watch to see if anew bullish chart patternwill form.</p>\n<p>A big move in August back above the 10-week moving average (near 40) sparked a newfollow-on buy opportunity for the intrepid investor. Plus, if one draws a trend line starting with the 64.96 high during the week ended June 18, a strong rally past 48 sparked an early entry too. (Please check out thisInvestor's Corner on how to draw a good trend linewithin a developing base.)</p>\n<p>That trade, however, quickly turned sharply in the red.</p>\n<p>AMC is currently not a buy right now. Rather, the stock needs more time to build the right side of a brand new base andclear away an overhead supplyof willing sellers.</p>\n<p>Yet, for aggressive traders, a short-term trend line drawn from the Sept. 13 near-term high of 52.79, connecting the Oct. 19 intraday peak of 44.44, produces a very early buy point near 41 — right where the50-day moving average currently stands. In this light, AMC is an aggressive buy now.</p>\n<p>Without doubt, AMC is still building a new base. But it will need at least several weeks, if not months, for AMC to build the right side of that new base in bullish fashion. Watch for a potential handle to form, too.</p>","source":"lsy1610612141385","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is AMC Stock A Buy Now? Here's What Fundamentals, Chart Action, Fund Ownership Metrics Say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs AMC Stock A Buy Now? Here's What Fundamentals, Chart Action, Fund Ownership Metrics Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 10:27 GMT+8 <a href=https://www.investors.com/research/amc-entertainment-stock-buy-now/?src=A00220><strong>Investor's Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Going to the movies is exciting. But can it match the action by AMC Entertainment(AMC)? Starting the year at 2 a share,AMC stock skyrocketed more than 36-foldto an all-time high of 72.62 on June 2.\n...</p>\n\n<a href=\"https://www.investors.com/research/amc-entertainment-stock-buy-now/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.investors.com/research/amc-entertainment-stock-buy-now/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106520246","content_text":"Going to the movies is exciting. But can it match the action by AMC Entertainment(AMC)? Starting the year at 2 a share,AMC stock skyrocketed more than 36-foldto an all-time high of 72.62 on June 2.\nEven though an epic short squeeze rally hit overdrive in January this year, AMC stock still attracts short sellers.\nData frombrokerage TradeZero America for the week ended July 23 shows AMC Entertainment placed 3rd among stocks trading at least $10 a share and getting sold short the most. A total 14,666 short-sale trades crossed TradeZero's platform at an average price of 38.18 per share. AMC ranked No. 2 for the weeks ended Aug. 27 and Sept. 3; in the latter week, the broker executed 8,421 trades at an average price of 45.96 per share.\nIn the week ended Sept. 17, TradeZero reports an additional 8,543 short-sale trades made at an average price of 48.39. Yet are the shorts showing fatigue? Data for the week ended Oct. 15 shows AMC seeing 2,604 short trades on the platform at an average price of 39.62 per share. And in the latest week ended on Oct. 29? AMC disappeared from TradeZero's top 10 rankings.\nShares remain above an Aug. 5 low of 28.91. And briefly in mid-October, AMC appeared to be winning a battle to regain the north side of the technically pivotal10-week moving average.\nThis past week, the stock cut some of its early heavy losses to finish down 3% in light volume. This week, AMC has rebounded sharply so far, up 15% headed into Thursday's session and ahead of its Q3 results scheduled for Nov. 8.\nIs AMC Stock A Buy Now?\nSo, after a disappointing September and October, in which the stock retreated a combined 26%, AMC remains inbase-building mode.\nMeanwhile, check out the 50-day moving average, drawn in red in all IBD charts.\nAMC shares showed an encouraging rebound back above this medium-term technical support-and-resistance level. Yet the stock is again testing the will of buyers at the 50-day line.\nAMC Stock: Still A Leader In The Stock Market Today\nSo, given extraordinary gains through late May, is it time to take profits off the table? After all, the May rally displayedelements of a climax run. Gains from a recentbuy pointat 14.64 have shrunk quite a lot.\nOr is it a buy now?\nThis story examines fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company with 1,004 theaters and 11,041 screens scores a good probability of making more money for stock traders.\nAfter Memorial Day, AMC soared 23% on an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. Proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"\nSome of that money could also go toward paying down debt.\nOn June 3, shares at one point fell more than 30% on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC raised $587 million. On July 6, the company decided toshelve a plan to sell more shares to the public.\nAre The Shorts Covering AMC Stock?\nMeantime, consider this stat: Prior to the giant gain on June 2, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203%. In the week ended June 4, AMC stock almost finished up 100% or more for a second straight week. Incredible.\nEarlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling.\nWhen a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.\nAccording to MarketSmith,short interest— shares sold short by individual and professional investors — stands at 1.5 times AMC stock's daily average volume of 63 million shares. Short interest, in other words, now encompasses nearly 19% of the stock's entire float. Still a hefty amount. The figure stood at 21% in the spring.\nThe NYSE publishes data on short sale positions only twice a month. Plus, the short coverage ratio can be skewed by dramatic changes in daily share turnover. The above data also does not consider any shares that may have been sold short in dark pools.\nTheInvestor's Business Daily team will keep close watch for any signs that short interest has dropped lately.\nSince late January, AMC stock has followed an extreme zigzag path. Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.\nWeek to week, the stock (pumping its market value this year to as high as $36 billion on 513 million shares outstanding and a float of 508 million) has lately seen its overall price range narrow. That's good as thenew base continues to form.\nWill AMC Stock Keep Rallying In The Long Term?\nIn 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.\nWall Street now expects net losses of $2.81 a share for 2021, a far cry from the unadjusted net loss of $16.15 it suffered last year. And the Street sees net losses shrinking further in 2022, to 78 cents a share. Recently, that estimate stood at a net loss of 96 cents.\nWith big sales expected to arrive, expect cash flows to improve.\nA Q2 net loss of 71 cents a share came well below an estimated net loss of 93 cents. Sales rebounded to $444.7 million vs. $18.9 million a year ago, blasting analysts' consensus forecast for $375 million. In an Aug. 9 news release, AMC Chairman and CEO Adam Aron noted the company raised another $1.25 billion in new equity capital during the quarter; welcomed more than 22 million guests back to its theaters across the globe; and saw successive new pandemic-era box office records on the back of new blockbuster films released over the three-month period.\nSome observers fret over the company's debt load ($5.5 billion in borrowings due one year from now or longer, as of June 30) vs. total assets ($11.3 billion) on the balance sheet. While the company generated $1.21 billion in net cash from financing activities in the first six months of 2021, AMC still posted a negative free cash flow of -$252 million. Operating cash flow was a net outflow of $234 million.\nThe last time AMC paid a dividend came on March 23, 2020, at 3 cents per share.\nAMC has yet to set the date of its third-quarter results.\nBut on Oct. 4, the company reported a new post-pandemic reopening record for Thursday-to-Sunday attendance and new post-opening records for ticket revenues plus food and beverage sales. Box-office hits \"Venom: Let There Be Carnage\" and the newest James Bond thriller, \"No Time to Die,\" drove the strong results as 2.4 million moviegoers watched a film at AMC Theatres in the U.S. during the Sept. 30-Oct. 3 weekend.\nMore than 1.4 million moviegoers watched a movie at Odeon Cinemas overseas. That also marked a new post-reopening record.\nKey IBD Ratings\nFor now, AMC scores poorly in many of IBD's proprietary ratings. They include an improved 44Earnings Per Share Ratingon a scale of 1 to 99. The Sales + Profit Margins + Return on Equity (SMR) Rating of D has improved but remains weak. Finally, an 81Composite Ratingon a scale of 1 (wizened) to 99 (wizardly) is rising again, yet signals room for improvement.\nIdeally, you want to focus on stocks that show a 90 to 95 Composite score or higher.\nMeanwhile, AMC's movies industry group has bullishly propelled back into the top 20 among IBD's197 industry groupsin terms of six-month price-weighted performance. Good.\nMutual funds owning a stake in AMC have jumped to 458 the end of the September quarter vs. 190 in Q4 of 2020. Impressive growth here.\nIn other words, professional portfolio managers appear to be accumulating shares.\nAMC Stock Forecast\nWhen choosing growth stocks for the biggest potential gains based on the CAN SLIM investment paradigm, focus on those with a Composite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.\nHowever, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.\nA 99Relative Strength Rating on a scale of 1 to 99 means that AMC stock has outperformed 99% of all stocks in the IBD database over the past 12 months. Strong long-term performance? Indeed.\nPlus, despite the recent downdraft, the Accumulation/Distribution Rating shows an excellent A grade on a scale of A to E.\nOn the weekly chart and in MarketSmith, watch for the relative strength line to continue rising. The RS line, drawn in blue, compares a stock or ETF's moves vs. the S&P 500. When a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.\nEarlier this year, AMC created a boxy cup over a period of two months. That's plenty of time for a solid cup pattern to form. This pattern produces aproper buy point of 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC's case, the correct entry stood at 14.64.\nAMC Action In The First Half Of 2021\nIn effect,AMC stock staged astrong breakout twice over a short period in May.\nFirst, AMC had to surpass 14.64 before becoming a new buy. A 20% gain on May 25 sent shares zooming past theproper buy point. The5% buy zonegoes up to 15.37; the stock quickly got extended.\nAs always, control your risk. Not all breakouts work, especially when thestock market uptrend goes under pressure or into a correction. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.\nIn stock investing, seek the wind at your back, not in your face.\nBack in May, this story suggested watching how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 molded adeep cup pattern. From that vantage point, AMC delivered a second breakout on May 27, surpassing a new 20.46buy pointwith fury.\nTo get this ideal entry in acup without handle, simply add 10 cents to the cup's left-side high — 20.36. On May 27, shares rifled past this entry. For a while, AMC refused to look back. Still, with gains of as much as 501% in just two weeks, it made sense to lock in at least partial profits.\nConclusion: Is It A Buy Now? Or A Sell?\nAMC still trades 46% below its 72.62 all-time high. So at that level, it does not yet trade at anIBD-style entry point. For those who want to go long, watch to see if anew bullish chart patternwill form.\nA big move in August back above the 10-week moving average (near 40) sparked a newfollow-on buy opportunity for the intrepid investor. Plus, if one draws a trend line starting with the 64.96 high during the week ended June 18, a strong rally past 48 sparked an early entry too. (Please check out thisInvestor's Corner on how to draw a good trend linewithin a developing base.)\nThat trade, however, quickly turned sharply in the red.\nAMC is currently not a buy right now. Rather, the stock needs more time to build the right side of a brand new base andclear away an overhead supplyof willing sellers.\nYet, for aggressive traders, a short-term trend line drawn from the Sept. 13 near-term high of 52.79, connecting the Oct. 19 intraday peak of 44.44, produces a very early buy point near 41 — right where the50-day moving average currently stands. In this light, AMC is an aggressive buy now.\nWithout doubt, AMC is still building a new base. But it will need at least several weeks, if not months, for AMC to build the right side of that new base in bullish fashion. Watch for a potential handle to form, too.","news_type":1},"isVote":1,"tweetType":1,"viewCount":552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":843846484,"gmtCreate":1635819754021,"gmtModify":1635819754021,"author":{"id":"3556933606584663","authorId":"3556933606584663","name":"3afba40b","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/843846484","repostId":"1110742848","repostType":4,"isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":380701760,"gmtCreate":1612582905850,"gmtModify":1703763837955,"author":{"id":"3556933606584663","authorId":"3556933606584663","name":"3afba40b","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/380701760","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":380701225,"gmtCreate":1612582880967,"gmtModify":1703763837264,"author":{"id":"3556933606584663","authorId":"3556933606584663","name":"3afba40b","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Looking in","listText":"Looking in","text":"Looking in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/380701225","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":843846484,"gmtCreate":1635819754021,"gmtModify":1635819754021,"author":{"id":"3556933606584663","authorId":"3556933606584663","name":"3afba40b","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/843846484","repostId":"1110742848","repostType":4,"repost":{"id":"1110742848","pubTimestamp":1635818395,"share":"https://www.laohu8.com/m/news/1110742848?lang=&edition=full","pubTime":"2021-11-02 09:59","market":"us","language":"en","title":"Author of 'Dow 36,000' Book on Lessons Learned Since the 1999 Prediction","url":"https://stock-news.laohu8.com/highlight/detail?id=1110742848","media":"Bloomberg","summary":"It’s probably been dunked on more than your average Nerf basketball hoop. And yet the prediction in ","content":"<p>It’s probably been dunked on more than your average Nerf basketball hoop. And yet the prediction in the book “Dow 36,000” now has been fulfilled, with the 30-stock Dow Jones Industrial Average touching the level promised in the title by authors James Glassman and Kevin Hassett.</p>\n<p>The only problem? The book was published in September 1999 and the authors guessed the 36,000 level would be reached in three to five years -- not the 22 years it actually took.</p>\n<p>Still, Glassman said in a recent interview that he has no regrets about the eye-catching title of the book, even though it took on legendary status as an emblem of out-of-control investor optimism during the dot-com era. It would be called, among other things, “perhaps the most spectacularly wrong investing book ever.” That was in the Washington Post -- the same paper where Glassman worked as a columnist.</p>\n<p>Still, both authors went on to prominence in Republican circles; Glassman as an under secretary of state for President George W. Bush and Hassett as a chief economic adviser for President Donald Trump. And aside from the title and the math that got the authors to 36,000, the underlying message of the book -- that a buy-and-hold diversified portfolio of stocks is the best bet for investors over the long term -- has stood the test of time. Harvard’s Kenneth Rogoff even wrote a Wall Street Journal op-ed in September arguing “Why the Dow 36000 Forecast Was Right.”</p>\n<p>Glassman has written extensively about what he believes they got wrong in the book, including not appreciating the lingering nature of the equity risk premium the authors believed would dissipate. “Investors set the price for stocks,” Glassman wrote in Kiplinger this year. “And they demand a higher return from them, no matter what history shows.”</p>\n<p>With the Dow finally hitting the target, we reached out to Glassman for a Q&A to fill in some of the blanks about his experience with “Dow 36,000.”</p>\n<p>Q. Do you recall who came up with the name of the book? And did you ever wish you could change the name? (If so, to what?)</p>\n<p>A. I recall walking across Central Park in the spring of 1999 for a meeting with John Mahaney, my editor at what was then called Times Books. This was the showdown. The book was done, but we had to come up with a title. My own ideas were stupid. For example, “The Money Tree.” Kevin and I joked that we should call the book, “A Treatise on a Prospective Solution to the Equity Premium Puzzle.”</p>\n<p>Anyway, I walked into Mahaney’s office and he shoved a folded piece of paper across the desk to me with two words on it: “Dow 36,000.” I knew in an instant it was the right title, and Kevin needed no convincing. No, I do not regret it – though, obviously, the title was easy to caricature.</p>\n<p>Q. How would you describe the notoriety that came along with the book? Was it a net positive or negative for your career?</p>\n<p>A. I’ve had the career I’ve had, and it’s hard to imagine an alternative one without D36K. I have done a lot of things, and I doubt D36K affected them one way or another. The Washington Post didn’t fire me. I got confirmed twice, unanimously each time, by the U.S. Senate. President Bush hired me to run his policy institute, and I have done consulting for lots of Fortune 500 companies.</p>\n<p>What I do regret is intimating that Dow 36,000 was going to happen soon, that is, within a few years. The late Alan Meltzer, a serious economist and student of the Fed who gave our book a very nice blurb, told me, “Never associate a date with a number.” Good advice.</p>\n<p>Also, as I have written several times, I believe we were mistaken to believe that investors were “wrong” in demanding high returns to compensate for extra risk that equities, in truth, did not possess. Our mistake was to define risk in only one way – volatility of stock prices. I have learned a lot about risk since writing the book, as have all Americans with such events as 9/11 and the Covid pandemic.</p>\n<p>Q. The book’s main takeaway about the benefits of buying and holding a diversified equity portfolio seems to be the most under-appreciated thing about it, even all these years later. Is it frustrating that that message got overshadowed by the focus on the name of the book?</p>\n<p>A. Yes, it is frustrating. Though, again, I wouldn’t change the name of the book. What is really disappointing is that a lower proportion of American households own stocks, stock funds, and stock investments in 401(k)s today (56%) than did when we wrote the book (60%), according to Gallup.</p>\n<p>It’s not just the book. I have been a buy-and-hold fanatic for 40 years of writing about stocks and, still, Americans don’t own stocks, or they jump in and out of them.</p>\n<p>Our book was praised by several of the gods of buy-and-hold investing, including the late John Bogle and Knight Kiplinger. Despite the book’s name. I am proud of that.</p>\n<p>Q. Now that we’re nearing in on 36,000, I’m curious how you’re viewing the market? Is buying and holding a diversified portfolio (say, in index funds) still the best bet, or would you tweak that at all for the current environment?</p>\n<p>A. Yes. Still the best bet. People like to own individual stocks, in part to show themselves (and maybe their friends and relations) how smart they are, and I would never deny them that pleasure. I do it myself. I urge people to buy index funds and a few stocks and see which does better.</p>\n<p>I think the current environment is good for stocks, and even if I didn’t, I would tell people to ignore what I think and invest anyway. If you do the following, it is hard to go wrong: 1) buy index funds, 2) make purchases automatically, using the same amount of money each month, 3) try to pay no attention to the market or your balance, 4) don’t sell until you absolutely have to, and 5) watch tax consequences.</p>\n<p>Q. What are you up to these days? Working on anything, or enjoying retirement?</p>\n<p>A. I’m not retired at all! I have a small public affairs firm and do work for a bunch of interesting clients, including a technology company that manufactures devices that deactivate the Covid-19 virus and some health care companies. I’m also the chairman of the International Commission to Re-Ignite the Fight Against Smoking. We just issued a 100-plus-page report last month. I also write a monthly column for Kiplinger’s Personal Finance and I’m working on a new book – title and content unrevealed. I stay in touch with the terrific journalists that I mentored as editor of “Roll Call” like Susan Glasser and Tim Curran. Plus, like other codgers, I play golf and dote on grandchildren.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Author of 'Dow 36,000' Book on Lessons Learned Since the 1999 Prediction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAuthor of 'Dow 36,000' Book on Lessons Learned Since the 1999 Prediction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-02 09:59 GMT+8 <a href=https://finance.yahoo.com/news/author-dow-36-000-book-133429670.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s probably been dunked on more than your average Nerf basketball hoop. And yet the prediction in the book “Dow 36,000” now has been fulfilled, with the 30-stock Dow Jones Industrial Average ...</p>\n\n<a href=\"https://finance.yahoo.com/news/author-dow-36-000-book-133429670.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/author-dow-36-000-book-133429670.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110742848","content_text":"It’s probably been dunked on more than your average Nerf basketball hoop. And yet the prediction in the book “Dow 36,000” now has been fulfilled, with the 30-stock Dow Jones Industrial Average touching the level promised in the title by authors James Glassman and Kevin Hassett.\nThe only problem? The book was published in September 1999 and the authors guessed the 36,000 level would be reached in three to five years -- not the 22 years it actually took.\nStill, Glassman said in a recent interview that he has no regrets about the eye-catching title of the book, even though it took on legendary status as an emblem of out-of-control investor optimism during the dot-com era. It would be called, among other things, “perhaps the most spectacularly wrong investing book ever.” That was in the Washington Post -- the same paper where Glassman worked as a columnist.\nStill, both authors went on to prominence in Republican circles; Glassman as an under secretary of state for President George W. Bush and Hassett as a chief economic adviser for President Donald Trump. And aside from the title and the math that got the authors to 36,000, the underlying message of the book -- that a buy-and-hold diversified portfolio of stocks is the best bet for investors over the long term -- has stood the test of time. Harvard’s Kenneth Rogoff even wrote a Wall Street Journal op-ed in September arguing “Why the Dow 36000 Forecast Was Right.”\nGlassman has written extensively about what he believes they got wrong in the book, including not appreciating the lingering nature of the equity risk premium the authors believed would dissipate. “Investors set the price for stocks,” Glassman wrote in Kiplinger this year. “And they demand a higher return from them, no matter what history shows.”\nWith the Dow finally hitting the target, we reached out to Glassman for a Q&A to fill in some of the blanks about his experience with “Dow 36,000.”\nQ. Do you recall who came up with the name of the book? And did you ever wish you could change the name? (If so, to what?)\nA. I recall walking across Central Park in the spring of 1999 for a meeting with John Mahaney, my editor at what was then called Times Books. This was the showdown. The book was done, but we had to come up with a title. My own ideas were stupid. For example, “The Money Tree.” Kevin and I joked that we should call the book, “A Treatise on a Prospective Solution to the Equity Premium Puzzle.”\nAnyway, I walked into Mahaney’s office and he shoved a folded piece of paper across the desk to me with two words on it: “Dow 36,000.” I knew in an instant it was the right title, and Kevin needed no convincing. No, I do not regret it – though, obviously, the title was easy to caricature.\nQ. How would you describe the notoriety that came along with the book? Was it a net positive or negative for your career?\nA. I’ve had the career I’ve had, and it’s hard to imagine an alternative one without D36K. I have done a lot of things, and I doubt D36K affected them one way or another. The Washington Post didn’t fire me. I got confirmed twice, unanimously each time, by the U.S. Senate. President Bush hired me to run his policy institute, and I have done consulting for lots of Fortune 500 companies.\nWhat I do regret is intimating that Dow 36,000 was going to happen soon, that is, within a few years. The late Alan Meltzer, a serious economist and student of the Fed who gave our book a very nice blurb, told me, “Never associate a date with a number.” Good advice.\nAlso, as I have written several times, I believe we were mistaken to believe that investors were “wrong” in demanding high returns to compensate for extra risk that equities, in truth, did not possess. Our mistake was to define risk in only one way – volatility of stock prices. I have learned a lot about risk since writing the book, as have all Americans with such events as 9/11 and the Covid pandemic.\nQ. The book’s main takeaway about the benefits of buying and holding a diversified equity portfolio seems to be the most under-appreciated thing about it, even all these years later. Is it frustrating that that message got overshadowed by the focus on the name of the book?\nA. Yes, it is frustrating. Though, again, I wouldn’t change the name of the book. What is really disappointing is that a lower proportion of American households own stocks, stock funds, and stock investments in 401(k)s today (56%) than did when we wrote the book (60%), according to Gallup.\nIt’s not just the book. I have been a buy-and-hold fanatic for 40 years of writing about stocks and, still, Americans don’t own stocks, or they jump in and out of them.\nOur book was praised by several of the gods of buy-and-hold investing, including the late John Bogle and Knight Kiplinger. Despite the book’s name. I am proud of that.\nQ. Now that we’re nearing in on 36,000, I’m curious how you’re viewing the market? Is buying and holding a diversified portfolio (say, in index funds) still the best bet, or would you tweak that at all for the current environment?\nA. Yes. Still the best bet. People like to own individual stocks, in part to show themselves (and maybe their friends and relations) how smart they are, and I would never deny them that pleasure. I do it myself. I urge people to buy index funds and a few stocks and see which does better.\nI think the current environment is good for stocks, and even if I didn’t, I would tell people to ignore what I think and invest anyway. If you do the following, it is hard to go wrong: 1) buy index funds, 2) make purchases automatically, using the same amount of money each month, 3) try to pay no attention to the market or your balance, 4) don’t sell until you absolutely have to, and 5) watch tax consequences.\nQ. What are you up to these days? Working on anything, or enjoying retirement?\nA. I’m not retired at all! I have a small public affairs firm and do work for a bunch of interesting clients, including a technology company that manufactures devices that deactivate the Covid-19 virus and some health care companies. I’m also the chairman of the International Commission to Re-Ignite the Fight Against Smoking. We just issued a 100-plus-page report last month. I also write a monthly column for Kiplinger’s Personal Finance and I’m working on a new book – title and content unrevealed. I stay in touch with the terrific journalists that I mentored as editor of “Roll Call” like Susan Glasser and Tim Curran. Plus, like other codgers, I play golf and dote on grandchildren.","news_type":1},"isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848686090,"gmtCreate":1635994674351,"gmtModify":1635994674448,"author":{"id":"3556933606584663","authorId":"3556933606584663","name":"3afba40b","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848686090","repostId":"1106520246","repostType":4,"isVote":1,"tweetType":1,"viewCount":552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":380701760,"gmtCreate":1612582905850,"gmtModify":1703763837955,"author":{"id":"3556933606584663","authorId":"3556933606584663","name":"3afba40b","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/380701760","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":380701225,"gmtCreate":1612582880967,"gmtModify":1703763837264,"author":{"id":"3556933606584663","authorId":"3556933606584663","name":"3afba40b","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Looking in","listText":"Looking in","text":"Looking in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/380701225","repostId":"2109727286","repostType":4,"repost":{"id":"2109727286","pubTimestamp":1612519517,"share":"https://www.laohu8.com/m/news/2109727286?lang=&edition=full","pubTime":"2021-02-05 18:05","market":"sg","language":"en","title":"Singapore stocks end week almost flat, STI inches up 0.05%","url":"https://stock-news.laohu8.com/highlight/detail?id=2109727286","media":"businesstimes","summary":"LOCAL equities ended Friday on a flat note amid a directionless trading session. Investor optimism a","content":"<div>\n<p>LOCAL equities ended Friday on a flat note amid a directionless trading session. Investor optimism also took a hit from the announcement of a 3.6 per cent year-on-year decline in Singapore's retail ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-stocks-end-week-almost-flat-sti-inches-up-005\">Web Link</a>\n\n</div>\n","source":"bustime_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore stocks end week almost flat, STI inches up 0.05%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore stocks end week almost flat, STI inches up 0.05%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 18:05 GMT+8 <a href=https://www.businesstimes.com.sg/stocks/singapore-stocks-end-week-almost-flat-sti-inches-up-005><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LOCAL equities ended Friday on a flat note amid a directionless trading session. Investor optimism also took a hit from the announcement of a 3.6 per cent year-on-year decline in Singapore's retail ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-stocks-end-week-almost-flat-sti-inches-up-005\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/stocks/singapore-stocks-end-week-almost-flat-sti-inches-up-005","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2109727286","content_text":"LOCAL equities ended Friday on a flat note amid a directionless trading session. Investor optimism also took a hit from the announcement of a 3.6 per cent year-on-year decline in Singapore's retail sales for December 2020, as many industries remained affected by low visitor arrivals.\nThe benchmark Straits Times Index rose 0.05 per cent or 1.53 points to finish the week at 2,907.11. Across the broader market, advancers outnumbered decliners 244 to 204, after 1.77 billion securities worth S$1.15 billion changed hands.\nAcross the region, stock markets were mixed. The Nikkei and Hang Seng Index gained 1.5 per cent and 0.6 per cent respectively, while the Kospi advanced 1.1 per cent. Meanwhile, the KLCI slipped 0.4 per cent and the Shenzhen Component Index fell 0.7 per cent.\nThings were, however, more positive on Wall Street. The three indices finished Thursday in the black, with the Dow Jones Industrial Average and S&P 500 each gaining 1.1 per cent and the Nasdaq advancing 1.2 per cent.\nSaid Oanda's senior market analyst Jeffrey Halley: \"Asean markets are struggling to buy into the global recovery story with their less tech and manufacturing heavy indices, being heavily weighted to banks, property and commodities, which have been soft this week ex-energy.\"\nOn the local bourse, Haw Par Corporation was the biggest advancer. The counter closed at S$11.62 on Friday, up 1.9 per cent or S$0.22.\nOther advancers for the day included Creative Technology which gained 5.2 per cent or S$0.13 to S$2.64, and Sarine Technologies which rose 16.4 per cent or S$0.09 to S$0.64.\nOn the other end of the spectrum, Jardine Matheson Holdings was the biggest loser, closing 1 per cent or US$0.60 lower at US$57.90.\nTech names were also on the list of decliners. Venture Corporation fell 1 per cent or S$0.21 to S$19.97; AEM lost 2.5 per cent or S$0.11 to S$4.29, and Micro-Mechanics shed 1.9 per cent or S$0.07 to S$3.58.\nThe trio of lenders ended the week in the black. DBS gained 0.2 per cent or S$0.04 to S$25.28; OCBC advanced 0.4 per cent or S$0.04 to S$10.30, while UOB rose 0.4 per cent or S$0.10 to S$23.54.\nThe Place Holdings was the most actively traded stock on Friday, with some 116.6 million shares changing hands over the course of the day. The counter closed at 14.5 Singapore cents, up 22.9 per cent or 2.7 cents.\nOther heavily traded counters were MMP Resources, Oceanus and Jiutian Chemical.","news_type":1},"isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
