There’s no such thing as a free lunch, especially on Wall Street. However, the options market might present windows of opportunity for astute investors on the prowl. One idea to put on your radar is camera and projection system specialist Imax (IMAX). Known for its impressive, immersive experiences, IMAX stock has been a surprise hit this year.
Since the beginning of January, the equity gained over 41%. After getting off to an inauspicious start in 2024, the bulls have steadily carried IMAX stock higher. Even better, it’s not just a matter of technical dynamics. In the second quarter, management disclosed adjusted earnings per share of 18 cents, beating the consensus view of 6 cents.
