Clocking in as one of the top names on Barchart’s screener for unusual stock options volume, theme park operator Six Flags Entertainment (SIX) makes for an intriguing contrarian bullish narrative. Although SIX stock finds itself down almost 2% since the beginning of the year – hardly an inspiring performance given the upswing of the benchmark equity indices – it might benefit from a tight labor market.
Even though the latest employment print cooled against analysts’ expectations, the economy still added 209,000 jobs. In other words, those who are reasonably qualified for an employment opportunity can get it. Further, with this sense of security and bolstered discretionary funds to boot, it wouldn’t be too surprising to see SIX stock steadily move higher from here.
