This Is The $6 "American Reopening" Stock To Buy Right Now

Even before U.S. vaccination efforts picked up a serious head of steam in late winter and early spring, investors from coast to coast spent a lot of bandwidth trying to find that perfect "reopening trade."

Movie theaters, restaurants, airlines, cruise lines, commodities – a flood of speculative capital flowed into and, in a couple of cases, right back out of, these stocks. Some of those stocks were savvy early calls, and others fizzled when it became clear balance sheets would lag the hype by a quarter or two.

But now that more than 60% of Americans have at least some protection against the coronavirus, and summer plans are actually in full swing, America's reopening has the potential to be one of the hottest plays on the market…

…that is, if you know which stocks to buy and which to pass by.

The stock I'm going to name in a second isn't so much a "travel" stock as a "destination" stock.

In fact, to be perfectly frank with you, it's not exactly a "recovery" stock, either.

See, this company doesn't have much recovering to do – at all. It boosted its top line by double digits during the pandemic…

Stethoscope, Hospital, Doctor, Health, Medicine

Image Source: Pixabay

A Lot of Investors Mistimed the Recovery

AMC Entertainment Holdings Inc. (NYSE: AMC) is a "meme stock" because it's a "recovery" or "reopening stock." Here's what I mean…

On Jan. 25, 2021, AMC was trading at just over $4.40. By Jan. 27, it had topped $19. There was a short squeeze on, but a big part of the long-side thesis rested on the belief AMC would make a great play as more and more Americans were vaccinated.

Of course, this was all happening at a time when vaccine supply was severely restricted; the AMC bull run happened barely a week after the U.S. peaks of deaths, infections, and hospitalizations.

Interestingly, and quite tellingly, on the day AMC broke the $19 barrier, just 536,935 travelers passed through U.S. Transportation Security Administration (TSA) checkpoints – a fraction of the pre-pandemic totals of 2019.

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Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

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