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  4. Movie stocks take off as 'Top Gun' sequel hits screens
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Movie stocks take off as 'Top Gun' sequel hits screens

By Noel Randewich (Reuters) - U.S. cinema stocks took off on Friday amid soaring expectations for the Memorial Day weekend debut of the sequel to the Tom Cruise blockbuster, "Top...
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Movie stocks take off as 'Top Gun' sequel hits screens © Reuters. FILE PHOTO: U.S. actor Tom Cruise arrives at the premiere of 'Top Gun: Maverick' in London, Britain May 19, 2022. REUTERS/Henry Nicholls

By Noel Randewich

(Reuters) - U.S. cinema stocks took off on Friday amid soaring expectations for the Memorial Day weekend debut of the sequel to the Tom Cruise blockbuster, "Top Gun".

Cinemark Holdings (NYSE:CNK), AMC Entertainment (NYSE:AMC) Holdings and Imax Corp each rallied more than 6% as "Top Gun: Maverick" debuted in cinemas, with box office analysts projecting the Paramount film will be one of the biggest box office hits of the summer.

The movie had been scheduled for release in 2020, but was delayed multiple times during the COVID-19 pandemic.

Shares of Paramount Global, formerly ViacomCBS (NASDAQ:PARA), rallied 3.5%.

The Rotten Tomatoes movie review website showed the sequel to the 1986 blockbuster with a 97% rating from established film critics and a 99% rating from audience reviewers.

In the movie, 59-year-old Cruise reprises his role as a cocky Navy pilot, whose call sign is Maverick, with a penchant for bucking authority.

Users on Stocktwits, popular with retail investors, posted memes about the movie, as well as links to reviews and other messages speculating that it would lift related cinema stocks.

Shawn Robbins, chief analyst at BoxOffice Pro, recently estimated that ticket sales would hit $100 million over the Memorial Day weekend in the United States and Canada. That would make it the highest-grossing debut of Cruise's career.

Shares of AMC soared in 2021 as part of a trading frenzy around several so-called meme stocks. So far in 2022, AMC's stock has tumbled 51%, while Cinemark has gained 6%.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.2624

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

USD/JPY

151.38

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

AUD/USD

0.6522

+0.0007 (+0.11%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (3)

USD/CAD

1.3543

+0.0006 (+0.04%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

EUR/JPY

163.37

+0.12 (+0.07%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

EUR/CHF

0.9738

+0.0010 (+0.10%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Sell (2)

Gold Futures

2,254.80

42.10 (1.90%)

Summary

Buy

Moving Avg:

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Sell (1)

Indicators:

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Silver Futures

25.100

+0.002 (+0.01%)

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↑ Buy

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Sell (0)

Indicators:

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Copper Futures

4.0115

-0.0003 (-0.01%)

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Sell (1)

Indicators:

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Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Brent Oil Futures

86.99

+0.04 (+0.05%)

Summary

Neutral

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Natural Gas Futures

1.752

+0.034 (+1.98%)

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↑ Sell

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US Coffee C Futures

188.53

-2.12 (-1.11%)

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↑ Sell

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Sell (12)

Indicators:

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Sell (9)

Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

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↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (2)

Sell (6)

S&P 500

5,254.35

+5.86 (+0.11%)

Summary

↑ Sell

Moving Avg:

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Sell (11)

Indicators:

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Sell (8)

DAX

18,504.51

+27.42 (+0.15%)

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↑ Buy

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Indicators:

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Sell (0)

FTSE 100

7,952.62

+20.64 (+0.26%)

Summary

↑ Sell

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Sell (12)

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Sell (10)

Hang Seng

16,541.42

0.00 (0.00%)

Summary

Neutral

Moving Avg:

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Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,120.15

+5.80 (+0.27%)

Summary

Neutral

Moving Avg:

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Sell (12)

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Sell (4)

IBEX 35

11,074.60

-36.70 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

Summary

↑ Buy

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Sell (3)

Indicators:

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Sell (1)

Bayer AG NA

28.43

+0.01 (+0.04%)

Summary

Buy

Moving Avg:

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Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

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Adidas AG

207.00

+2.30 (+1.12%)

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Deutsche Lufthansa AG

7.281

+0.104 (+1.45%)

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176.96

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14.582

-0.030 (-0.21%)

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(7,910/ 8,080) # 1,364
SJC HCM7,830/ 8,080
(0/ 0) # 1,364
SJC Hanoi7,830/ 8,082
(0/ 0) # 1,366
SJC Danang7,830/ 8,082
(0/ 0) # 1,366
SJC Nhatrang7,830/ 8,082
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SJC Cantho7,830/ 8,082
(0/ 0) # 1,366
Cập nhật 31-03-2024 10:19:52
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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