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Carnival Catches Wave Of Bullish Analysts After Q2 Earnings Beat: 'Firing On All Cylinders'
Wednesday, June 26, 2024 - 2:40pm | 730Carnival Corp. (NYSE:CCL) experienced a significant wave of investment bank analysts raising the cruise line’s year-ahead price targets on Wednesday, responding to the company’s robust earnings report and optimistic guidance for the remainder of the year. Shares of Carnival Corp. rose 2...
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Royal Caribbean Cruises Has Upside To Estimates, Says Bullish Analyst
Wednesday, April 17, 2024 - 11:58am | 261A mix of quality ship assets and differentiated destinations helps Royal Caribbean Cruises Ltd (NYSE:RCL) drive upside to estimates, according to Mizuho Securities. The Royal Caribbean Cruises Analyst: Ben Chaiken initiated coverage of Royal Caribbean Cruises with a Buy rating and a price target...
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Carnival Cruise Stock Faces Choppy Waters, But Technicals Suggest Smooth Sailing Ahead
Wednesday, March 27, 2024 - 12:30pm | 567Carnival Corp (NYSE:CCL) (NYSE:CUK) reported a 22% year-on-year sales growth in the first quarter of 2024, reaching $5.406 billion. However, this figure slightly missed the analyst consensus estimate of $5.427 billion. The company’s stock, listed as both CCL and CUK, saw a decline of 2.55%,...
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Tesla, GM, Ford Supply Chain Concerns: Baltimore Port Closure 'Going To Have An Impact'
Wednesday, March 27, 2024 - 11:07am | 968Tesla Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) were all hands on deck to find alternative shipping routes on Wednesday after a bridge collapse caused the shutdown of the Port of Baltimore. Ford and GM said they expected minimal impact, although the East...
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Royal Caribbean, Carnival Cruise Toward 'The Next Wave of the Rising Tide': Goldman Sachs
Wednesday, March 13, 2024 - 10:48am | 691Goldman Sachs has recently taken a bullish stance on the cruise industry, issuing Buy ratings for Royal Caribbean Cruise Ltd. (NYSE:RCL) and Carnival Corp. (NYSE:CCL), while maintaining a Neutral rating for Norwegian Cruise Lines Holdings Ltd. (NYSE:NCLH) This optimism stems from significant...
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Smooth Sailing Ahead: Cruise Line Shares Poised For Potential Upswing
Sunday, March 10, 2024 - 11:30am | 476The cruise industry is seeing huge demand after years of Covid-19 restrictions, with the traditional "wave season" of discounts winding down. However, despite full sailing capacities and top cabins selling out, share bargains remain. Wave season marks the start of the year when the...
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Carnival Cruises On Q4 Earnings: What The Demand Trends Mean For Competitors Royal Caribbean, Norwegian
Wednesday, December 21, 2022 - 12:33pm | 532Carnival Corp (NYSE: CCL) shares are sailing higher Wednesday morning after the company reported mixed financial results. Other cruise names are riding the Carnival wave higher after management highlighted strong momentum across the industry. What Happened: Carnival reported fiscal fourth...
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Why This Norwegian Cruise Lines Analyst Is Turning Bearish
Thursday, November 17, 2022 - 11:51am | 300Shares of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) and other cruise line companies have been on a downturn. Although Norwegian Cruise Line is a “quality company,” its stock has materially outperformed year to data and there is risk to estimates and valuation versus peers,...
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Chart Wars: Does Carnival or Norwegian Cruise Lines Look Set To Travel Higher?
Wednesday, October 12, 2022 - 5:07pm | 686Carnival Corp (NYSE: CCL) and Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) were flying up more than 8% and 9%, respectively, on Wednesday after bouncing from downtrends the two stocks slid into on Sept. 20. Last week, Norwegian hosted an investor day, where the cruise line...
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'Not All Cruise Operators Are Created Equal': Norwegian Cruise Line Gears Up For Record 2023
Friday, October 7, 2022 - 1:23pm | 614Cruise line operator Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) saw its stock fall 43% in 2022 as the cruise industry felt the impact of COVID-19 restrictions and consumer spending impacted by inflation. Here’s how the company is shaping up for a record-breaking 2023 as it...
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Norwegian Cruise Line On 'PreMarket Prep': Charting The Plunge
Tuesday, August 9, 2022 - 3:54pm | 632Several issues have rebounded nicely off their pandemic lows only to peak and come back down to levels not seen since mid-2020. One of those issues, Norwegian Cruise Line Holdings Ltd (NYSE: NCLH), is under selling pressure following its second-quarter report and is the PreMarket Prep Stock of...
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The Dynamics Behind Carnival's Q2 Earnings Rally
Monday, June 27, 2022 - 4:58pm | 697When an issue is in an extended downtrend and rallies off an earnings report, the next task is to determine if the rally will continue. That is what shareholders of Carnival Corp (NYSE: CC) were confronted with in Monday’s session. Tim Quast, the founder of Market Structure Edge, joined...
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If You Invested $1,000 In Royal Caribbean Stock At Its Pandemic Low, Here's How Much You'd Have Now
Monday, March 21, 2022 - 2:22pm | 356Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains over the past two years. But there is no question some big-name stocks performed better than others since the pandemic bottom. Royal Caribbean’s Big Run: One company that has...
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CDC Call For People To Avoid Cruise Travel 'Perplexing' As Cases Far Less Frequent Than On Land, Says CLIA
Thursday, December 30, 2021 - 10:31pm | 433The Cruise Lines International Association (CLIA) on Thursday called out the U.S. Centers for Disease Control and Prevention for what it suggested was the singling out of the cruise industry with a new travel advisory over COVID-19 fears due to the fast-spreading omicron coronavirus variant....
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Is Carnival's Stock Overvalued Or Undervalued?
Wednesday, December 22, 2021 - 1:13pm | 462Carnival Corp (NYSE: CCL) shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 5.1%. Carnival stock has had a wild ride since the 2020 shutdowns, but investors may be wondering whether there’s any value in Carnival shares after its 2021 pullback. Earnings...