CCL's strong booking momentum, strategic fleet expansion and optimistic guidance revisions reflect a positive market sentiment.
Technical analysis has a bad reputation. Unfortunately, this reputation may be warranted.
The latest trading day saw Carnival (CCL) settling at $15.32, representing a -1.79% change from its previous close.
Carnival's stock still trades nearly 80% below its all-time high. Its core business is recovering, but it's weighed down by concerns about debt and the unpredictable macro environment.
The latest trading day saw Carnival (CCL) settling at $15.60, representing a +0.91% change from its previous close.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Carnival Corporation investors were likely hurt by CCL's recent decline. But they shouldn't fear. CCL dip buyers returned in August, helping the stock form a bottom. Carnival and its leading cruise industry peers are expected to gain market share against its land-based competitors.
The cruise industry has been through a rollercoaster of changes in recent years, with the COVID-19 pandemic drastically altering the landscape. Once a booming sector, cruise lines faced unprecedented challenges as global travel ground to a halt, leading to massive financial losses, layoffs and operational overhauls.
In the latest trading session, Carnival (CCL) closed at $14.87, marking a +1.85% move from the previous day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
The stock market has been a tale of two worlds in the post-pandemic era. On one side, you have many stocks that languished and traded sideways for what feels like an eternity.
Carnival reported strong results in June, with record demand and improving profitability. It still has a high debt load, but it's paying it off deliberately.