Abnormally Happy Hour... Zoom's profit soared 3,300% last quarter compared to the same time last year. In 3 months, the video conferencing icon made double the money that it made last year. Zoom's sales more than quadrupled to $663M and it significantly raised its full-year forecast, so investors sent the stock zooming up 40%. Zoom is growing abnormally fast for a public, relatively mature company (even compared to other corona-conomy winners).
Trying to sneak the Red Vines in... AMC shares soared 15% on Friday after America's largest movie theater chain said 70% of its US theaters would be open on Labor Day weekend. Chris Nolan's much-hyped thriller "Tenet" also dropped on Friday, kicking off US theaters' 1st big weekend since March and bringing in $20M. In June, AMC said it was "generating effectively no revenue" (niiice) and doubted it could remain in business much longer. Since then, AMC stock has soared 70% on the reopening hype.