Last year saw shifting consumer sentiment regarding entertainment spending as the economic environment worsened. As recession concerns linger amid the still-high inflation and anticipated continuation of rate hikes, consumers are projected to cut back spending on recreation and entertainment.
So, fundamentally weak stocks AMC Entertainment Holdings, Inc. (AMC), Cinemark Holdings, Inc. (CNK), and National CineMedia, Inc. (NCMI) might be best avoided or sold short.
