Benzinga | Jun 4, 2021 08:45AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Friday, Jun. 4, 2021: AMC, SNDL, PSTH, ROCC, ZME

Today's 5 Stock Ideas

* AMC Entertainment (AMC) - A Wedbush analyst Friday morning shared insight into the current state of affairs for AMC shares. The analyst raised her price target from $6.50 to $7.50 and was optimistic on the prospects for the exhibition industry in a post-pandemic environment. The Wedbush analyst said if AMC can use its current cash balance to reduce debt and create earnings growth opportunities, the stock could trade as high as $10. Given this assumption and the stocks current momentum and price, she called the share price "out of touch" with company fundamentals.

* Sundial Growers (SNDL) - Company CEO, Zach George, will participate in a fireside chat with Business Insider reporter, Jeremy Berke, during Benzinga's Cannabis Capital Conference Friday. The chat will take place at 12:10 p.m. EDT on Benzinga's YouTube channel.

* Pershing Square Tontine (PSTH) - The stock was down about 9% following a Thursday evening report this special purpose acquisition corp (SPAC) could buy a 10% stake in Universal Music Group.

* Roth CH Acquisition II (ROCC) - The company's SPAC merger partner, Reservoir, announced it will buy popular hip-hop and dance music label Tommy Boy Music.

* Zhangmen Education (ZME) - An IPO for next week. The company operates in the Chinese education space. Stocks in the group see extreme momentum and volatility at times, and a new entrant into the public market could create added interest into the sector. The IPO is expected on Tuesday.