AMC Entertainment stock extended its impressive rally, approaching a key resistance level as investors cheered the continued recovery of the blockbuster movie industry. The shares climbed to a high of $3.02, their highest level since October 2025, and have surged more than 200% from their lowest point this year. The key question now is whether the rally still has room to run.

AMC Entertainment’s business is bouncing back

AMC, the biggest theatre group in the United States, is doing relatively well, helped by the recent movie releases. Top movies like Toy Story 5, Michael, Super Mario Galaxy, Spider-Man, and The Odyssey have made substantial sums of money.

Just this weekend, Spider-Man: Brand New Day, had the best opening, making over $927 million worldwide, with US sales hitting $355 million. This makes it one of the best-performing movies this year, helped by its brand, intellectual property, and the fear of missing out.

Millions of people are going to movie theatres this year, which shattered weekend records as over 10.2 million Americans visited. In a statement, Adam Aron, the CEO said:

“For AMC, this was a truly historic weekend. In welcoming more than 10.2 million moviegoers around the world, AMC established this weekend a new all-time Company weekend record for admissions revenue and a new all-time Company weekend record for food & beverage revenue.”

There are signs that this growth will continue this year as some big titles are coming up. Some of the top titles to watch will be Resident Evil, Mutiny, The End of Oak Street, Dune: Part Three, and The Hunger Games.

READ MORE: AMC shares pop 9% after Wedbush upgrades to outperform

The most recent results showed that the company’s business continued growing in the last quarter. Its results revealed that revenue jumped by 14.2% to $1.59 billion, higher than what analysts were expecting. 

The company’s adjusted EBITDA jumped by 69.6% to $321 million. Most notably, analysts believe that the company has more growth to go, helped by the recent successes of key releases like The Odyssey and Spider-Man.

Wall Street expects the company to deliver solid growth this year. The consensus estimate from seven analysts is that third-quarter revenue will rise 8% year over year to $1.4 billion, while full-year revenue is projected to increase 13% to $5.5 billion.

AMC Entertainment has also continued to improve its balance sheet. It recently refinanced $400 million of its 12.75% Senior Secured Notes due 2027, extending the maturities by four years. As such, the hope is that it will not dilute investors again this year.

AMC stock technical analysis

AMC share price chart | Source: TradingView

The daily chart shows that the AMC share price has jumped from the year-to-date low of $0.9291 to past $3 today. It has now crossed the important resistance level of $2.95, its highest level on June 22, invalidating the double-top pattern.

Most importantly, it has formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. These two averages made the crossover on June 28.

The Relative Strength Index (RSI) and the MACD have pointed upwards. Therefore, the stock will likely continue rising as bulls target the important resistance level of $3.61, its highest point in June last year. 

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The Roundhill Memory ETF (DRAM) has come under intense selling pressure recently as concerns about the memory and technology sectors escalated. It dropped to $50 on Friday, down over 33% from its year-high. This article looks at some of the top DRAM ETF stocks to watch this week, including Western Digital (WDC), SanDisk (SNDK), and Micron (MU).

SanDisk stock in focus ahead of earnings

SanDisk is a minor holding in the DRAM ETF, accounting for 3.76% of the fund. After soaring to a record high this year, the stock has dived by nearly 50%, mirroring the performance of other companies in the memory industry.

Therefore, SanDisk stock will be in the spotlight this week as the company publishes its financial results on Wednesday. These numbers will provide more color about its business, including its long-term contracts.

SanDisk has hinted that its growth continued in the last quarter. As a result, analysts expect the upcoming results to show that its revenue jumped by 341% in the quarter to $8.4 billion. Its guidance for the current quarter is expected to be $10.62 billion, a 360% annual increase.

The same growth is expected in its profitability because of rising memory prices. For example, the earnings-per-share (EPS) is expected to move to $34.5 from last year’s 29 cents. 

Therefore, a strong revenue and earnings growth figures will likely provide it with the catalyst it needs to bounce back. 

Western Digital Corporation

Western Digital Corporation is another DRAM ETF stock to watch this week. The company, which was the parent company of SanDisk before last year’s spin-off, will also release its numbers on Wednesday. These results come as the stock has dropped by over 30% from its peak this year. 

Like SanDisk, Western Digital’s business is thriving because of the rising memory demand. Yahoo Finance data shows that analysts predict the earnings report will show that its revenue jumped by 41% in the quarter to $3.7 billion. 

The company’s earnings-per-share is also expected to nearly double, moving from last year’s $1.66 to $3.3. 

As such, a strong earnings report and forward guidance will be bullish for the company as it will show that there is still demand for its products. Analysts have a bullish outlook for the company, with the average target being $655, much higher than the current $544. Just recently, Citi analysts boosted the target from $685 to $800.

Micron Technology

Micron Technology, the second-biggest company in the DRAM ETF, will be in the spotlight this week after its recent sell-off. Its stock has dropped by 35% from its year-to-date high.

The stock has dropped despite the fact that its business is firing on all cylinders. Its recent earnings report showed that its revenue jumped to $41 billion in its third quarter from $9.3 billion in the same period last year. 

Analysts expect that this growth will continue, with the fourth quarter figure expected to grow by 350% to $50.4 billion. If this is correct, its annual revenue will have grown by 247% to $129 billion. 

Micron will not publish its earnings this week. Still, traders will focus on its stock for cues on the memory sector. It will also react to the upcoming AMD earnings, which are important because it is one of the biggest clients. 

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Shares of Circle Internet Group fell sharply in premarket trading on Monday after Morgan Stanley downgraded the stablecoin issuer, while TD Cowen initiated coverage with a bullish rating, highlighting a growing divide on Wall Street over the company’s long-term prospects.

Circle stock declined 6% to $58.81 in premarket trading following the contrasting analyst calls. 

Meanwhile, Bitcoin traded 0.64% lower over the past 24 hours at $62,625.

Morgan Stanley cut its rating on Circle to Underweight from Equal Weight and slashed its price target to $38 from $106, while TD Cowen began coverage with a Buy rating and an $82 price target, implying significant upside from current levels.

Morgan Stanley sees weaker USDC growth

Morgan Stanley’s downgrade was driven by expectations that the circulation of USDC, Circle’s dollar-pegged stablecoin, will grow more slowly than previously anticipated.

The brokerage reduced its forecasts for USDC circulation in 2027 and 2028 by 33% and 44%, respectively, challenging Circle’s target of achieving average annual growth of 40% across market cycles.

“USDC has effectively not grown” since the third quarter of last year, analysts noted. 

The brokerage added that broader adoption has yet to materialize as “utility beyond remittances and stablecoin-linked card spending has yet to gain meaningful traction.”

Morgan Stanley argued that while payment companies including Mastercard and Stripe have increasingly embraced stablecoin technology, practical adoption remains limited.

Citing McKinsey data, the brokerage said stablecoin transaction volume reached about $35 trillion in 2025, but only around $390 billion represented identifiable real-world payments. 

Analysts added that payment activity remains concentrated in cross-border business transactions, remittances and stablecoin-linked card spending.

“Stablecoin activity remains overwhelmingly skewed toward crypto trading and transfer activity rather than payments. McKinsey estimates roughly $35 trillion of adjusted volume, of which only $390 billion represents identifiable payments (which will still think may be optimistic), or roughly 0.5% of unadjusted activity and about 1% of adjusted activity,” Morgan Stanley analyst James Faucette wrote.

He added, “While there are real and growing use cases in cross-border B2B and consumer remittances (including stablecoin-linked card spending) that are driving transaction velocity, they have not yet demonstrated the ability to create the durable balances or recurring transaction economics needed to offset pressure on Circle’s reserve-income model.”

TD Cowen sees long-term platform opportunity

TD Cowen took a more optimistic view, launching coverage with a Buy rating and an $82 price target.

The brokerage said, “We see a compelling combination of attractive growth + diversification via USDC circulation, rapidly growing high-margin fee-based revenues & Arc optionality and think the Street underestimates the evolution into a platform player.”

Analyst Bryan Bergin believes Circle’s business is expanding beyond stablecoin issuance into a broader financial infrastructure platform that covers payments, treasury services, tokenized real-world assets, interoperability, and developer services.

Bergin also described Circle as “an attractive vehicle for investors seeking exposure to the institutionalization of stablecoins and the modernization of global financial infrastructure.”

Analysts remain divided on Circle

Circle shares have struggled throughout 2026, falling 21% year to date compared with a 9.4% gain for the broader market. Bitcoin has declined 28% over the same period.

The stock has also faced pressure from uncertainty surrounding the proposed Clarity Act, legislation intended to establish a regulatory framework for the cryptocurrency industry.

Analyst opinion remains closely split. 

According to LSEG data, 16 of the 30 analysts covering Circle rate the stock Hold or Sell, while the remaining 14 recommend Buy or Strong Buy.

The contrasting views underscore differing expectations for the pace of stablecoin adoption, the future growth of USDC and Circle’s ability to evolve into a broader financial infrastructure platform as the regulatory landscape continues to develop.

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US stocks opened higher on Monday as easing concerns over tensions in the Middle East pushed oil prices sharply lower, while investors prepared for a busy week of corporate earnings and key economic data.

The Dow Jones Industrial Average rose 640 points, or about 1.22%, while the S&P 500 gained 0.59%. 

The Nasdaq Composite edged up 0.49%.

The positive start followed President Donald Trump’s announcement that he had called off planned strikes against Iran and said talks between the two countries would resume on Monday. 

While Iran disputed the timing of the discussions, hopes of reduced geopolitical tensions weighed heavily on crude prices.

Brent crude dropped 4.9%, while West Texas Intermediate crude fell 6.3%. 

Treasury yields also eased, with the 10-year Treasury yield slipping about 7 basis points to around 4.67%, while the two-year Treasury yield declined roughly 5 basis points as concerns about inflation moderated.

The rally comes after Wall Street endured a volatile July amid concerns over artificial intelligence spending, expectations for further Federal Reserve rate hikes and escalating tensions in the Middle East.

Falling oil prices lift market sentiment

Lower energy prices helped improve investor sentiment after weeks of volatility driven by geopolitical risks.

Markets had been concerned that higher oil prices would keep inflation elevated and complicate the Federal Reserve’s policy outlook. 

The decline in crude prices helped ease some of those fears at the start of the week.

Investors also continued to monitor developments at the Federal Reserve. 

Traders are currently pricing in a 62.7% probability of a 25-basis-point rate increase at the September meeting, according to CME FedWatch data.

The week will also bring several important economic reports, including manufacturing activity data and labor market releases. 

The closely watched nonfarm payrolls report due Friday is expected to show the US economy added about 87,500 jobs in July, up from 57,000 in the previous month, while the unemployment rate is forecast to edge up to 4.3% from 4.2%.

Earnings season shifts focus to AI and technology

Following strong quarterly reports from Microsoft and Amazon that eased some investor concerns over returns from artificial intelligence spending, attention is now turning to another wave of technology earnings.

SpaceX is scheduled to report its first quarterly results since its public listing, with investors expected to closely examine AI-related spending and profitability from its Starlink satellite business. 

Shares slipped in trading after remaining below their initial public offering price in recent weeks.

Other companies reporting this week include Palantir, Advanced Micro Devices, SanDisk and Western Digital.

Stocks reflected mixed sentiment across the sector. 

Palantir gained 2.04%, while Microsoft and Salesforce also traded higher. 

AMD declined more than 2%, while SanDisk and Western Digital fell more than 1%, and 5% respectively.

Micron Technology also moved 4% lower after a Reuters report said Chinese memory-chip maker CXMT is considering building a second manufacturing facility in Beijing and is in financing discussions with a government-backed technology hub.

Healthcare deal speculation and global markets

Healthcare stocks were also in focus after reports that Bristol Myers Squibb and AstraZeneca held preliminary merger discussions.

If completed, the transaction could create one of the world’s largest pharmaceutical companies, valued at nearly $400 billion.

Bristol Myers shares climbed more than 1% in trading, while AstraZeneca shares declined more than 8%.

Elsewhere, Marriott International fell 5% after issuing a weaker-than-expected third-quarter profit forecast, while Tyson Foods also traded 4% lower after reducing its full-year profit outlook.

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