NYSE Breakout Stock List: AMC, MNSO, RIG, RITM, RBT

Stocks listed on the New York Stock Exchange get a lot of attention on a daily basis and for good reason too. It lists thousands of stocks, which include some of the biggest companies in the world. If you are currently looking into stocks listed on the exchange then here are five NYSE-listed stocks that you could add to your watch list.

1 AMC Entertainment (NYSE:AMC) – The company was in prime focus among investors yesterday as the stock surged by as much as 37% following heavy interest. The surge came about after it emerged on Friday that a court ruling from a Delaware Judge had blocked a plan from AMC Entertainment to turn preferred stock to common stock. That was to be followed by the issuance of millions of units of new shares.

The news was particularly important for investors given the weekend had been a huge one at the box office and led to the reversal of the mooted ticket pricing plan from AMC. The original move from the company had been aimed at eliminating its debt. However, it would have also led to the dilution of the value of the stock held by shareholders.

Judge Morgan Zorn noted that such a move would have ignored too many of the claims of the preferred shareholders, who had not been part of the suit. As many as 2800 AMC shareholders had written to the judge and expressed their opposition to the move.

MINISO (NYSE:MNSO) – On July 11, MINISO announced that it had entered into a new partnership with the Peanuts. Peanuts is a brand based on the globally famous comic strip. The partnership would create the basis for MINISO to collaborate on the basis of famed characters like Charlie Brown, Snoopy, and the Peanuts gang. An intellectual property collaboration was revealed at a signing ceremony held on July 1 at the 2023 Second Half Global Partners Strategy Summit hosted by MINISO in New York.

In fact, the character Snoopy even made a guest appearance at the event. The partnership had been set up by the Shanghai-based team of WildBrain CLPG on behalf of Peanuts Worldwide. WildBrain is one of the leading licensing agencies which represents the Peanuts brand not only in China but in many other markets across the world.

Transocean Ltd 9NYSE:RIG) – Last week the company announced that it had been awarded a contract by an independent operator for a 1080 day long contract related to a seventh-generation high-specification ultra-deepwater drill ship. The ship is located in the Gulf of Mexico. Transocean Ltd would have the option of selecting one of the drill ships from among three options within a year prior to the earliest date of the drill commencement window.

The company further noted that the contract would contribute $518 million in backlog, before the revenues that would be generated from mobilization and demobilization. The contract is expected to begin at some point between the fourth quarter of 2025 and the second quarter of the following year.

Jeremy Thigpen, who is the Chief Executive Officer of the company spoke about the contract award as well. He noted that it was encouraging for Transocean Ltd on a number of fronts. It indicated the ‘tightness of the market’ since the company’s clients were securing rigs in advance and then drawing up long-term contracts.

Rithm Capital (NYSE:RITM) – On Monday it emerged that asset management firm Rithm Capital had reached an agreement to acquire the hedge fund Sculptor Capital Management in a deal worth $639 million. Rithm would pay $11.15 per class A share in Sculptor, which worked out to a premium of 18% from the closing price of the shares last Friday. Sculptor had actually been exploring a sale since last year after having been embroiled in a legal tussle with Daniel Och, its founder.

In a lawsuit, Och had accused Sculptor of allowing the Chief Executive Officer James Levin to exercises power over the board and extract disproportionately high pay despite subpar financial performance. Sculptor had called the lawsuit from its founder misleading and beset with falsehoods.

Rubicon Technologies Inc (NYSE:RBT) – The company, which operates a major digital marketplace for waste and recycling and also provides innovative software products for governments and enterprises, made a key announcement on June 24. Rubicon Technologies Inc announced at the time that it had signed a three-year agreement with the flooring solutions provider Artisent Floors. Artisent specializes in multi-family properties.

As per the contract, Rubicon would provide its powerful RUBICONConnect product. It would help in providing highly scalable recycling, sustainability, and waste solutions to Artisent. It would support the environmental and business aims of Artisent. Tom Owston, the Chief Commercial Officer of Rubicon Technologies noted that everyone at the company was delighted to support Artisent with its goals.