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CCL - Big base break-out for Carnival Carnival is breaking out big base starting early 2022 to 2024. Recently Carnival released their earnings for their Q3 2024 (June-July-August), which is the best quarter for the industry. The company made 1.74 bln USD net income from 7.9 bln USD revenue in the quarter. For the current fiscal year, Carnival is expected to post earnings of $1.28 per share on $25.13 billion in revenues. For the next fiscal year, the company is expected to earn $1.62 per share on $26.03 billion in revenues. Citi analysts in a research note said the cruising industry is experiencing strong web traffic and positive pricing trends, particularly for bookings in 2025. They additionally raised Carnival's price target to $28 from $25 In terms of valuation, the stock currently trades at 15.8X current fiscal year EPS estimates, while peer industry average is 17.8X
NYSE:CCLLong
by murat_cal
Turbulence in GM's Cruise: Leadership Exodus and the Road AheadGeneral Motors' ( NYSE:GM ) autonomous driving subsidiary, Cruise, finds itself navigating choppy waters yet again as the departure of Carl Jenkins, the head of hardware, marks another significant exit from the company. Jenkins' resignation, announced amid a series of departures since the suspension of U.S. operations in October, underscores the challenges facing Cruise in its quest for self-driving technology supremacy. Jenkins, a stalwart of the autonomous vehicle (AV) industry with six years at Cruise, leaves behind a void in the development of crucial hardware components, including microchips and sensors. His departure follows the suspension of operations triggered by a tragic incident in San Francisco, where a pedestrian was fatally struck by a self-driving Cruise vehicle, prompting California authorities to suspend the company's permit for driverless vehicles. The aftermath of the accident saw Cruise's then-CEO, Kyle Vogt, and co-founder Dan Kan resign, signaling a leadership shakeup. Now, with Jenkins' exit, questions arise about the stability of Cruise's leadership and its ability to regain momentum in the fiercely competitive AV landscape. Mo Elshenawy, Cruise's Co-President, acknowledged Jenkins' departure in an internal communication, emphasizing the critical role of the autonomous vehicles platforms team in Cruise's efforts to resume testing. However, neither Jenkins nor Elshenawy provided a reason for the departure, leaving stakeholders speculating about underlying issues within the organization. The timing of Jenkins' resignation, amid ongoing regulatory scrutiny and public skepticism surrounding self-driving technology, amplifies concerns about Cruise's future trajectory. With competitors such as Waymo and Tesla making significant strides in the AV space, Cruise faces mounting pressure to demonstrate its commitment to safety and innovation. Yet, amidst the turbulence, Elshenawy strikes an optimistic tone, highlighting Cruise's position in a transitional phase as an opportunity for redefinition and growth. However, the road ahead remains fraught with challenges, from rebuilding public trust to addressing regulatory concerns and ensuring the seamless integration of hardware and software components. As Cruise navigates these complexities, stakeholders, including investors and consumers, will be closely watching how the company adapts and evolves in the face of adversity. Jenkins' departure serves as a stark reminder of the hurdles inherent in pioneering autonomous technology and underscores the imperative for Cruise to chart a course towards a safer, more sustainable future for self-driving vehicles. In the wake of Jenkins' resignation, the onus is on Cruise's leadership to instill confidence, foster innovation, and steer the company towards its vision of a world where autonomous vehicles redefine mobility. Only time will tell whether Cruise can weather the storm and emerge stronger on the other side. Through strategic decision-making and a steadfast commitment to its mission, Cruise must prove that setbacks are but temporary detours on the road to revolutionizing transportation. As the AV industry continues to evolve, Cruise's ability to navigate uncertainty and stay the course will determine its legacy in shaping the future of mobility.
NYSE:GM
by DEXWireNews
CCL - Carnival Cruise LinesKeeping an eye on $CCL. We just got a break under the uptrend channel we have had in place since October 2020. Bulls would now be looking for support around the 200MA and maybe we see a bearish trap on this one. If support doesn't hold, things can get ugly and reach around $19 range. Feel free to give us a follow and shoot us a like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
NYSE:CCL
by MannyLo
CCL - Carnival Cruise Lines We haven't checked back in with the Cruise Industry in a bit so lets take a look at where we stand. The Cruise industry was one of the hardest hit by Covid19 and to top it off they didn't receive any US stimulus relief money to keep them afloat, making them one of the riskier plays. As the saying goes, with great risk often comes great reward. That being said, if we're going into an already risky industry, might as well pick the company most likely to succeed. In this case, while so far most of the cruise lines are staying afloat, Carnival is the one most likely to make it out ok. We went into this with more detail on our previous CCL posts, but to sum it up, they cover the most territories, have the largest fleet, have the most capital, and can survive the longest without sailings than its competitors. At the moment, the Cruise Lines International Association (CLIA) has announced the decision to voluntarily extend the pause in U.S. cruise embarkations until Oct. 31, 2020. CCL estimated its monthly cash burn rate for the second half of 2020 will be around $650 million, but they have also managed to raise over $10 billion through a series of financing transactions. Technical Analysis: At the moment, we're bullish long term on CCL unless something changes (increase in cases during winter, extended cancellations, etc.) Targets: 1. $21.00 2. $25.30 3. $31.91 Feel free to give us a follow and shoot us a like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
Editors' picks
NYSE:CCLLong
by MannyLo
11
CCL - Carnval Cruise LinesThe Hospitality Industry has been one of the hardest hit sectors due to Covd19 and the Cruise Industry has taken an absolute beating. While other companies were hit, they were able to recuperate some of the losses in aid received from the Feds stimulus care package. However, the cruise industry did not receive any bail out funds since they're registered in foreign countries outside of the US. Remember Carnival is still the global leader in the cruise business. The Company's North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess), and Seabourn. They also own AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia), P&O Cruises and ship operations of Fathom, and Holland America Princess Alaska Tours. "CCL has taken on an additional $4 billion in debt and sold 71.9 million shares of stock. We also saw Saudi Arabia's Public Investment Fund has taken an 8.2% stake in Carnival expecting it to recover. Carnival Corporation's fleet of 100+ ships are not currently operating, so there are costs but no revenues, resulting in significant negative cash flows in 2020. The big risk really is if Carnival Corporation cannot resume operations by 2021, as their cash will begin to run low." Technical Analysis: We're not in a rush to buy here just yet. If we do, we like the $8-$7 region. Remember CCL is down over 80% from its 2017 peak, so there is definitely a lot of room for upside if CCL can stay afloat and avoid bankruptcy. Hit us with a like and a follow for more updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:CCLLong
by MannyLo
Carnival Corp (CCL): Carnival surfs the second wave of COVID-192020 AUG-1: Carnival Corp will resume cruise ship travel with 8 trips planned starting Aug 1st. Just as most COVID cases have peaked in New York and around the world, CCL is announcing a return to business-as-usual. This announcement was made despite CDC warnings. A second wave is highly anticipated. The stay-at-home protesters (although a small minority) aren't helping to contain the spread. However, cruise vacations may not a be a priority for the economically troubled middle and lower classes. Difficult to tell how high demand will be. Then again, consumers have been bottled up at home. Enough will book cruises to create positive (short-term) outlook. Unless Carnival enacts social distancing measures that succeed on their ships, I don't see them exceeding 3 trip this year before an outbreak forces them to suspend travel again. I have no faith in them or the travelers aboard to follow strict guidelines. We can't even do it at home. Imagine a boat full of entitled travelers looking to break from the reality that is COVID. Thanks for reading my non-technical mumbo jumbo. I read the news and speculate human stupidity and greed. Also, science trumps all. What do you think of this idea? References: COVID has peaked: www.cidrap.umn.edu Carnival Cruises resumes August 1st: www.cnbc.com
NYSE:CCLShort
by traderman001
3
NCLH a buy or sell?NCLH has been an amazing swing trading stock buying a sub $10 and selling at 30% gains when selling between mid $11 to high $12. Overall there’s a lot of sell pressure happening. As seen in the graph the purple box is a trading range back from it hitting its massive sell hitting 7.13 on match 18. I see this time dumping more till $6-$7 range than a good buy to sell back at $8-high $9. A cross over on macd might happen by Thursday and it is overbought on the rsi
NYSE:NCLHShort
by nathanielx9