TopGolf | MODG | Long at $7.85 TopGolf NYSE:MODG finally closed the last price gap on the daily chart from the 2020 pandemic crash. All price gaps (as of this analysis) are now above the current price. While I am not stating this is bottom (high $6's or even low $5's are not fully off the table given the downward momentum), there is a lot of growth still on the table for this company. The current fair value is probably near $18-$19 and this stock has a cyclical nature to it. So, while it may be a bumpy near-term investment, the earnings growth, cashflow, and low debt of this company is appealing. Thus, at $7.85, NYSE:MODG is in a personal buy zone (starter position) with more investment is if dips into the $6- or $5-range.
Target #1 = $10
Target #2 = $12
Target #3 = $14
Target #4 = $15
Leisure
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
Airbnb beats analysts' estimatesAirbnb delivered its quarterly results for the first quarter of 2024, surpassing analysts' estimates on the top and bottom lines. The company reported revenue growth of 18% YoY, bringing the figure to $2.1 billion. The net income was $264 million, up 126% YoY, and operating income amounted to $1.9 billion, recording an increase of 18% YoY. Per the investor letter, the company conducted share buybacks worth $750 million in the first quarter of the current year and registered 132.6 million bookings, marking an increase of 9.5% YoY.
Net revenue = $2.1 billion (18% YoY) vs. $1.8 billion in 1Q23
Net income = $264 million (126% YoY) vs. $117 million in 1Q23
Operating income = $1.9 billion (18% YoY) vs. $1.6 billion in 1Q23
Earnings per share = $0.41 (127% YoY) vs. $0.18 in 1Q23
Additional information
Active listings rose by 15% in the first quarter of 2024.
Long-term stays of 28 days or more accounted for 17% of gross nights booked, down about 1% compared to the first quarter of 2023.
Gross nights booked in non-urban areas grew by 10% YoY.
Forward guidance
Airbnb expects its revenue to increase by approximately 10% in the second quarter of 2024, bringing it to $2.68 billion. Further, the company anticipates stable growth in bookings and adjusted EBITDA to be flat to up on a nominal basis but down on an adjusted EBITDA margin basis when compared to the second quarter of 2023. In addition to that, Airbnb expects its full-year 2024 stock-based compensation expense to be approximately 20% higher than in the full year 2023.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
PK - travel and leisure bearishAgain the theme is less risk in current Macroeconomic environment. Travel numbers have been going down which doesn't bode well for travel and leisure. As always the ratio of our trades are paramont. This is a good spot to make some money on a trade that played out quite nicely in the past.
SUI improving fundamentalsJSE:SUI interim results show improving fundamentals. The Group revenue grew by 37% and basic EPS up > 100% (94 cents), and the company declared a gross interim dividend of 88 cents.
Technically, the stock has been finding support in a rising MA, but kept short of breaking above R32/share. Hopefully these results will help push the price to a new 52 week high, which will be a buy signal.
RCL in a long term downward trendLooking at the past two years of charts for RCL (one of my favorite stocks, also a cruise line member, nice little perk if you own 100 shares on each trip).
So charting this out taking out the noise of March 2020 we are in a downward channel, but it is not a very steep downward channel which is comforting.
Looking for buying opportunities at the bottom of the channel and then waiting to see price action at the top of the channel. Very careful on the buys right now given the pressure on the entire market at the moment, and also the amount of debt that the leisure travel industry has on it at the moment.
Technical analysis update: ABNB (8th June 2021)ABNB has been publicly traded since 10th December 2020. ABNB has enjoyed wild ride up and down since then. Currently, we think there is high possibility that ABNB bottomed out on 19th May 2021 and that there is good chance it will continue upwards. Stochastics, MACD and RSI are bullish. In addition to that moving averages are also bullish. We would like to update our short term price target for ABNB to 160 USD per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Sell Short: Acushnet - Ticker: GOLF - Consumer Cyclical LeisureSell Short: Acushnet Holdings Corp - Ticker: GOLF - Sector: Consumer Cyclical Industry: Leisure
Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts
Sell Entry: 217.78 to 210.22
Stop-Loss: Available to Subscribers
Take Profit Price Targets: Available to Subscribers
NYSE:GOLF
NYSE:ELY
$GOLF #AcushnetHoldings $ELY #callawaygolf #coronavirus #stocks #stockmarket #wallstreet #nyse #sp500 #nasdaq #investing #investors #trading #traders #markets #speculating #technology #economy #finance
Buy: ALG.AXAnother one for the watchlist
Pretty violent downtrend
Ascending triangle forming
Price on the right side of MA
Enter on the break of 47c
WYNN testing it's luck WYNN is one of the stocks that has been beaten down the most with the outbreak of the COVID19.
We are now testing a previously held support.
In the chart, I have drawn resistance and support levels; risk reward ratio is attractive, but momentum is not on WYNN's side.
Keeping on a watchlist for a bounce play.