Carnival Corporation (CCL)
Carnival Corporation: Sailing Out Of Trouble
Since 2019, Carnival Corporation debt ballooned by 3x and interest expense by 10x, due to a double whammy hit from Covid followed by rate hikes. Deleveraging plans shared by CCL management is poised to drive recovery in EPS to $2.2 by 2026, via strategic paydown of debt, leading to significant savings in interest payments. The deleveraging playbook can be comfortably executed with current cash flows at record highs over pre-Covid levels, and from lowered CAPEX due to lesser new ship deliveries.
Top Stocks Near Their 200-Day SMA
The 200-day Simple Moving Average is an important technical indicator that can signal potential bullish sentiment and breakout opportunities for stocks. The 200-day SMA can also act as support or resistance levels for stocks, and can help signal potential entry and exit points for traders. SA Quant has identified 3 stocks trading near their 200-day SMAs, backed by solid fundamentals, including value, and Quant strong buy recommendations.
Carnival Stock Up 9% in 3 Months: Is It Worth Buying Now?
CCL's strong booking momentum, strategic fleet expansion and optimistic guidance revisions reflect a positive market sentiment.
Stock Of The Day: Carnival Waves A Flag
Technical analysis has a bad reputation. Unfortunately, this reputation may be warranted.
Why Carnival (CCL) Dipped More Than Broader Market Today
The latest trading day saw Carnival (CCL) settling at $15.32, representing a -1.79% change from its previous close.
Carnival Corporation Stock Is Beaten Down Now, but It Could 10X
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.
Carnival (CCL) Ascends But Remains Behind Market: Some Facts to Note
The latest trading day saw Carnival (CCL) settling at $15.60, representing a +0.91% change from its previous close.
Should Value Investors Buy Carnival (CCL) Stock?
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 Is Making A Comeback Against All Odds
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.
3 Cruise Stocks to Buy on the Dip: August 2024
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.
Carnival (CCL) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, Carnival (CCL) closed at $14.87, marking a +1.85% move from the previous day.
Is It Worth Investing in Carnival (CCL) Based on Wall Street's Bullish Views?
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?
