Both AMC and TCL have been under recent selling pressure as bond yields in the US have moved higher.
The defensive nature of both businesses has seen their share price trade as a proxy to bonds.
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With TCL and AMC both scheduled to have their AGM tomorrow, we believe there could be a rally in the share price as investors gain more clarity on future earnings growth.
We’re mindful that Algo Engine sell signals are displayed, however we’re willing to commit to Amcor as our preferred opportunity, of the two names.
Amcor
