Why Carnival Shares Could Go Down:
On the other hand, some current elements are more indicative of a decline in the price of this stock:
- : Carnivals profits have of course been heavily impacted by the Covid-19 crisis and have suffered numerous losses over the past two years.
- Heavy dependence on the U.S. market: despite its efforts to internationalize its revenue sources, the company still derives the majority of its profits from the U.S. market, which represents a risk from an economic perspective.
- High exposure to foreign exchange: Because a significant portion of Carnivals revenues are generated in currencies other than the U.S. dollar, profitability may be impacted by unfavourable exchange rates.
- A halt in dividend payments: Carnival has also stopped paying dividends to its shareholders in 2020 and 2021 and does not plan to pay dividends in 2022, which may deter some investors from buying the stock.
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Cruise Line Stocks Jumped Today
The stock market woke up on the right side of the bed Tuesday, and shares of many companies pushed higher. Among those that gained notably were cruise lines, which have faced a number of headwinds as interest rates rose, fear of recession increased, and high oil prices further boosted their expenses. Shares of Carnival were up as much as 7.3% in early trading, Norwegian Cruise Line Holdings was up by as much as 7.2%, and Royal Caribbean Cruises led the way, climbing 8.5%.
The leading cruise line operator has posted 10 consecutive quarterly deficits. It could be different this time.
SEATTLE, September 27, 2022–Holland America Line and Konami Gaming, Inc. have completed the launch of the SYNKROS® casino management system across all 11 ships in the fleet
Dow Jones Futures Today: Treasury Yields Oil Prices
Ahead of Tuesday’s opening bell, Dow Jones futures rose 0.2% vs. fair value, while S& P 500 futures gained 0.3%. Nasdaq 100 futures moved up 0.5% vs. fair value. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
The 10-year Treasury yield fell significantly to 3.65% Monday. Last week, the 10-year Treasury yield briefly topped 4%, which hadn’t been done for more than decade.
Meanwhile, U.S. oil prices jumped more than 4% Tuesday, as West Texas Intermediate futures traded above $83 a barrel. Last week, they fell to their lowest level of the year. On Wednesday, OPEC+ will meet to consider a production cut in order to help prop up falling oil prices.
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Princess Cruises Ready To Welcome All Guests With Transport Canada’s Removal Of All Covid
With today’s announcement from Transport Canada to remove all COVID-19 requirements to enter the country, Princess Cruises is prepared to welcome all guests on cruises visiting, arriving or departing from Canadian ports, including its Canada/New England voyages and Alaska cruises where the cruise line is the industry leader. All of Princess’ Alaska cruises feature Canada as part of the itinerary.
Carnival’s third-quarter fiscal 2022 results are likely to reflect benefits from the resumption of operations and encouraging bookings.
A Closer Look At Ccl Stock
Depending on how ambitious and optimistic we are, its possible to set a couple of different price objectives for CCL stock.
- 7 Cheap Stocks to Buy If You Have $250 to Spend
The most obvious one would be $50, the share price that it had reached in mid-January of 2020. Those were good times, werent they?
At the end of May 2021, it felt like CCL stock would reach that target soon as it hovered near $30.
Then investors started to worry about new Covid-19 variants. As a result, a bull market in Carnivals shares was off the table.
Yesterday CCL stock closed slightly above $23. That, of course, isnt even halfway to the $50 level.
But then, is that necessarily a bad thing? Maybe its an opportunity for investors to add shares now, in the hopes of doubling their money.
Possibly, they could even do better than that. After all, CCL stock was riding high at $70 in early 2018. It might get there again. That wont happen tomorrow or next week, but it will occur eventually.
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Better Buy: Carnival Cruise Vs Royal Caribbean Stock
Carnival and Royal Caribbean are two of the biggest players in the space, and investors might be wondering which of these companies is the better investment now that trip demand is rebounding. Read on to see why two Motley Fool contributors have very different takes on the question of whether Carnival or Royal Caribbean is the better buy. George Budwell: Carnival’s management painted a fairly optimistic picture about its ongoing recovery efforts from the COVID-19 pandemic when it reported 2022 second-quarter earnings back in June.
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Dow Jones Leaders: Apple Microsoft
Among Dow Jones stocks, Apple shares climbed 3.1% Monday, snapping a three-day losing streak. Still, shares are more than 20% off their 52-week high and below their 50- and 200-day lines.
Microsoft rose 3.3% Monday, rebounding from Friday’s 52-week low price. The software giant remains more than 30% off its 52-week high.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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Can You Gift Your Carnival Shareholder Onboard Credit To Friends Or Family Sailing With You
Just like any other cruise onboard credit you might receive in a special sale or via your travel agent, Carnival shareholder onboard credit isnt transferable. The cruise line will apply the OBC only to the account that matches the name of the legal shareholder.
But if you want to share your credit with friends or family, you can always use it to buy a gift on board for a friend or loved one. Just remember you need to make the purchase yourselfyou cant give your cruise card to another passenger to use your OBC.
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Tasi Slips For A Second Day In Line With Oil Prices: Closing Bell
RIYADH: Saudi Arabias benchmark index ended lower for a second consecutive day after oil prices fell and inflation and high interest rates triggered a global recession.
Brent crude settled at $101.68 a barrel, while West Texas Intermediate traded at $95.83, as of 3:08 p.m. Saudi time.
As of Wednesdays closing bell, TASI lost 0.15 percent to 12,291 while the parallel market, Nomu, added 0.98 percent to 21,758.
The Saudi National Bank shed 0.28 percent, while the Kingdoms largest valued bank, Al Rajhi, fell 0.91 percent.
Saudi British Bank added 0.72 percent, after its profit increased by 10 percent to SR2.1 billion in the first half of 2022.
Herfy Food Services Co. slipped 4.01 percent, after its half-year profit was down 7 percent to SR49 million.
Telecom giant stc gained 0.40 percent, after posting a slight profit surge of 2 percent to SR5.9 billion in the first half of 2022.
The Cruise Line Giants Occupancy And Revenue Numbers Have Improved Significantly But Is It Enough
Investors in Carnival Cruise Lines have sailed in rough waters for a couple of years now. The COVID-19 contagion shut down its industry for more than a year, and the stock price has remained volatile as investors and analysts go back and forth on whether a full recovery will happen anytime soon.
While its industry struggles, rising occupancies show that passengers want to return to cruising. But is there enough interest from the passengers to get investors interested enough to make Carnival stock a buy?
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Why Cruise Line Stocks Just Got Destroyed
The broad move lower follows the announcement from industry bellwether Carnival Corporation that it needs to raise $1 billion in new cash through a stock offering. As of 11:30 a.m. ET, shares of Norwegian Cruise Line Holdings and Royal Caribbean were down 8.5% and 9.3%, respectively. Nearly one month ago, Carnival reported its fiscal Q2 2022 earnings results.
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New Canadian Procedures Are A Win For Holland America Line Guests Cruising To Alaska And Canada
Holland America Line is pleased with the recent announcement of the lifting of Canadian pandemic border restrictions. Under the new guidelines, Canadian border vaccination and testing requirements are no longer necessary, which is an important step for the cruise industry in simplifying the travel process for itineraries to Alaska and Canada.
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Carnival Q3 Earnings & Revenues Lag Estimates Rise Y/y
Carnival Corporation & plc CCL reported third-quarter fiscal 2022 results, with earnings and revenues missing the Zacks Consensus Estimate. Both the metrics lagged the consensus mark for the eighth straight quarter. Nevertheless, the top and the bottom line improved on a year-over-year basis.Carnival Corporation’s chief executive officer Josh Weinstein, stated, “During our third quarter our business continued its positive trajectory, achieving over $300 million of adjusted EBITDA and reaching nearly 90% occupancy on our August sailings. We are continuing to close the gap to 2019 as we progress through the year, building occupancy on higher capacity and lower unit costs.”
Why Royal Caribbean Stock Crashed 10% Today
In a surprise announcement this morning, cruise line company Royal Caribbean which just finished reporting better-than-expected financial results last week, lifting its stock price is sinking fast on news that the company has decided to issue at least $900 million, and perhaps as much as $1 billion, in new debt. As of 9:50 a.m. ET, Royal Caribbean stock is already down 9.6%, and its news is sinking peer cruise line companies Norwegian Cruise Line Holdings and Carnival Corporation alongside it.
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Carnival Business Model And Revenue Streams
The companys headquarters are in Miami, Florida, and its CEO is Arnold W. Donald. Carnival Corporation is the worlds largest cruise operator with a fleet of over 100 vessels across nine different cruise line brands. It sells cruises through travel agents and tour operators primarily for the North American, Australian, European, and Asian markets. The company serves tens of millions of passengers annually.
Carnival generates revenue primarily from ticket sales of its portfolio of cruise line brands, namely Carnival Cruise Line, Princess Cruises, Holland America Line, P& O Cruises , Seabourn, Costa Cruises, AIDA Cruises, P& O Cruises , and Cunard.
The company generates about 62% of its total revenue from ticket sales. The remaining 38% is derived from onboard purchases, like beverage sales, internet, casino gaming, spas, shore excursions, specialty restaurants, retail, and photo sales.
How To Buy Carnival Stock With A Brokerage Account
Carnival is a publicly traded company, so its easy to buy through most types of brokerage accounts. If youre of age and you dont yet have a brokerage account, you can open one through a variety of different investment companies and platforms. Before you make a decision on what kind of brokerage account to open, its important to weigh your options. Each broker offers different account minimums and trading commissions, so some accounts will fit your financial situation better than others.
In the grand scheme of the market, CCL stock is fairly reasonably priced. But if youd like to buy a fractional share, you have the option to do so with a brokerage account that supports fractional shares.
Once youve made a decision about what kind of brokerage account to open, you should fund your account and figure out how many shares you want to buy. You can then put in an order to buy shares of CCL. You can buy at market price, or place a limit order that lets you dictate the maximum or minimum price at which youre willing to buy or sell.
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Stock Market News Live Updates: Stocks Surge As Wall Street Crawls Out Of A Brutal September
U.S. stocks kicked October off on a strong note Monday after the S& P 500 and Nasdaq Composite closed out their first three-quarter losing streak since the 2008 Global Financial Crisis and the Dow logged its first such span of losses since 2015.
The benchmark S& P 500 index soared 2.6%, while the Dow Jones Industrial Average jumped roughly 765 points, or around 2.7%, notching its best day in more than two months. The technology-heavy Nasdaq Composite advanced 2.3%.
Sizable moves in energy markets kicked off the week, with oil prices swinging higher as reports surfaced that OPEC+ is considering a big production cut of more than one billion barrels per day. West Texas Intermediate crude oil surged and settled above $83 per barrel.
Also, in the U.K., sterling edged higher after Prime Minister Liz Truss U-turned on a tax-cut plan that had spurred market tumult and an intervention from the Bank of England last week.
On the corporate front, shares of Credit Suisse pared losses from an earlier drop, closing up 2.3%. Over the weekend, the global investment banks CEO issued a memo attempting to calm major investors about the institutions financial health an effort that backfired and instead raised questions about the bank’s stability.
A high-stakes earnings season likely to be wrought by slashed forecasts and worsening fundamentals tied to inflation and rising interest rates, however, makes this time different.
Dow Jones Stocks To Watch: Unitedhealth
Dow Jones stock UnitedHealth advanced 2.1% Monday, again finding support around the long-term 200-day line. Shares are building a flat base that has a 553.23 buy point, according to IBD MarketSmith chart analysis. Shares are about 7% from their latest buy point and face a test of resistance at the 50-day line.
UNH stock shows a strong 95 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup. Investors can use the IBD Composite Rating to easily gauge the quality of a stock’s fundamental and technical metrics.
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Lets Get Ready To Rumble
My regulars know that I’ve talked myself out of some profitable trades with the words “at the right price”, but I’d rather miss out on some gains than lose capital. My regulars also know that I consider the “business” and the “stock” to be quite different things. Every business buys a number of inputs and turns them into a final service, hopefully for a profit eventually. In this case the âdelivery of fun vacations at sea and ashore!â The stock, on the other hand, is an ownership stake in either of these businesses that gets traded around in a market that aggregates the crowd’s rapidly changing views about the future demand for majestic views from the upper deck. These stocks also move around because they get taken along for the ride when the crowd changes its views about “the market” in general. So, some portion of Norwegian Cruise Lineâs 46% drop in price this year can be attributed to the 24% drop in the price of the S& P 500. So, stocks get buffeted around by a host of factors, ranging from company specific problems to the crowd’s rapidly changing views about âthe market.â
As my regulars know, I measure the relative cheapness of a stock in a few ways. For example, I like to look at the ratio of price to some measure of economic value, like earnings, sales, free cash, and the like. I like to see a company trading at a discount to both the overall market, and to its own history. At the moment, this is the relative valuation between these two stocks: