Carnival plc (CUK): Setting Sail for Gains in the Next 5 WeeksKey Stats:
Market Cap: $31.98B
P/E Ratio: 20.43
Dividend Yield: Currently not paying dividends
Next Earnings Date: December 19, 2024
52-Week Range: $12.50 - $23.08
Technical Reasons CUK Could Cruise Higher:
Ascending Channel: CUK is riding a well-defined upward channel, with higher highs and higher lows. It's like the stock's on a never-ending cruise to Profit Island.
Support at 50-Day Moving Average: The 50-day MA is acting as a solid support level, catching any dips like a trusty lifeboat.
MACD Bullish Crossover: The MACD line has crossed above the signal line, indicating that the bulls are steering this ship.
Fundamental Reasons CUK Might Keep Climbing:
Record-Setting Q3 Performance: Carnival reported net income of $1.7 billion in Q3 2024, a $662 million increase compared to 2023.
Raised Full-Year Guidance: The company upped its full-year adjusted EBITDA guidance to over $6 billion, marking the third increase this year.
Strong Booking Trends: Advanced bookings for 2025 are at record levels, indicating that people are eager to get back on the high seas.
Potential Paths to Profit:
Low Risk (Shares): Buy CUK shares and hold.
Options Play: Consider buying call options with a strike price near the current level, expiring in January 2025.
Swing Trade: Enter on a pullback to the 50-day MA and aim to sell near the upper channel resistance.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
