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AMC grabbed retail investors’ attention initially because it was heavily shorted by institutional investors and hedge funds worldwide. But the company’s bleak earnings growth prospects make its current rally unsustainable. Analysts expect AMC’s EPS to decline at a rate of 217% per annum over the next five years.
However, with the improving job market and rising consumer spending, coupled with surging equity markets, we think make fundamentally sound stocks The Home Depot, Inc. (HD), Linde plc (LIN), Lowe’s Companies, Inc. (LOW), and ABB Ltd (ABB) well positioned to soar in the coming months.
