Movie theaters are dusting off their seats…
Well-known theaters are opening their doors beginning Thursday.
It’s been five months since we saw major movie theater chains shut down -but on Thursday, that’s all going to change because the doors will officially reopen to the American public.
Due to the pandemic, entertainment hotspots across the country shut down with a handful of independent cinemas and drive-ins remaining open, rerunning Hollywood favorites like “Star Wars,” “Jurassic Park,” and “Jaws.” But well-known establishments, like AMC, Regal, and Cinemark, remained closed.
These closures led to big studios, like Disney, Universal, Sony, and Warner Bros., delaying releasing their blockbuster summer films – impacting the film industry as well.
Where’s the money?
After a few abandoned reopening plans through June and July, executives feel optimistic about the upcoming shift. “If the pandemic taught us anything, it’s that people want to get out of their houses and apartments,” said AMC CEO Adam Aron. “We’ve all been cooped up at home for months. It’s horrible. I have a nice house, but I want to get out. If somebody told me I could go to a hardware store for three hours, I’d say ‘what an exciting afternoon.’
It should not be surprising that AMC is the first theatre to step up the plate, opening this Thursday. And they’re doing it in a big way. Celebrating its 100th anniversary with $0.15 tickets for films like “Black Panther,” “Beauty and the Beast,” and “Back to the Future.”
But even with this outlook and appealing ticket price, I’m having a hard time having the same optimism personally. And there are a few reasons for that….
Where’s the money?
When you look at the current new content available to movie theatres, the outlook is baren. There are a few movies here and there, but it’s nothing like we’re used too – seeing that studios had to put a halt to production just like everyone else. On top of this, health fears remain when it comes to COVID, which could very well keep consumers away.
But regardless, movie theaters reopening is a good thing overall because it proves that the economy is making a comeback. But just because it’s a good sign for the future doesn’t make it a good investment in the present.
And that’s why I wouldn’t add any of the big theatre names to my lineup right now.
Instead, I’m going to be looking at other industries that are bouncing back thanks to the United States slowly opening back up. And I have my eye on the airline sector which has seen a slew of call buyers as travel becomes more and more popular.
With that said, my favorite way to play the economy reopening is by buying calls in AAL or DAL. This will allow you to profit off the influx of interests around these two stocks while also protecting your bottom dollar while you’re at it.
In the spotlight: This tech giant
Apple has been warning consumers that the iPhone 12 range would be delayed, but the company apparently “accidentally” leaked a surprising new release date. Apple briefly posted a test feed on its YouTube channel for a live event to be held on September 10. This is the same date as the iPhone 11 launch date last year, and it fits the typical timeline for past iPhone launches as well.
But let’s be honest – when it comes to Apple, nothing is an accident.
And I believe this was a great play to get consumers excited about the upcoming release.
The new iPhone will deliver a 5.4 inch and 6.7-inch display size, with massive performance upgrades, new stylish designs, progressive camera tech, and 5G. Oh, and Apple is aiming to keep its pricing competitive.
Apple has already had an impressive performance through the pandemic. With this launch, it could be looking at even better numbers – which means a possible profit opportunity in the near future. And I’ll be sure to keep you updated as this development builds.
The reopening of movie theaters is just one of many positive signs for both the economy and consumers.
While this is definitely an exciting step forward and something I could envision turning into a potential profit opportunity, I’ve learned to never chase the money… let it come to you.
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