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Carnival and Norwegian Cruise Lines set to skyrocket - buy by Friday

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stinkynuts

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Carnival will report earnings on Friday. It may be good to buy some shares. Why? Carnival is at rock bottom, falling for months. EVERY time after earnings, it has gone up at least 10%, but this time things will be even better. Traditionally, cruise lines' best quarter is their third quarter (summer months when people travel the most). Right now the expectation is that Carnival will show a small loss per share, but there is also a chance that for the first time in years, there will be a profit. If this happens, Carnival, along with ohter cruise lines will skyrocket (perhaps as much as 20%-30%). In the worst case, even if Carnival misses on earnings, they will still go up. The last several quarters, Carnival msissed badly on earnings, but the stock still went up 10% or more.

Cruise lines have been hit hard, as the following sequences happened one after anohter:

Corona virus ->Delta ->Omricon->War in Russia->High oil prices->inflation/recession fears

It looks like finally the cruise lines are turning a corner. Cruise lines are operating all of their fleets, and capacity is very high (over 70%).

seekingalpha.com

Carnival Stock: 3 Reasons We're Bullish Into Q3 Earnings (NYSE:CCL)

Carnival Corp. is set to report its Q3 earnings on September 30th. Click here to read our analysis of the CCL stock ahead of its upcoming earnings report.
seekingalpha.com seekingalpha.com

www.fool.com

Will Carnival Stock Finally Post a Profit This Week? | The Motley Fool

The leading cruise line operator has posted 10 consecutive quarterly deficits. It could be different this time.
www.fool.com www.fool.com

carnival stock - Google Zoeken

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poker

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Fuck… all my money is tied up in funds. I would not see it til at least We’d.
 
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stinkynuts

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Carnival is down 90% since its high four years ago. The upside in the next few years is huge.
 
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stinkynuts

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This is a warning not to buy stocks for now. Earning season is coming up, and it looks like if there are any slight misses or negative comments in the guidance reports, the stocks can go down massively. The market is way too skittish right now.
 
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Ceiling Cat

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CCL was due for a rise on Thursday, but the financial world was hit with several bad news stories. The worse was that the £ British Pound plunged and sent investors into a panic. CCL should recover some ground next week iF the financial news is not all bad. Personally, I would never buy a stock like CCL. At this time all bets are off with me. I am waiting for better times to invest. The gains are too small and less opportunities are out these these days. The risk is also greater.
 
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stinkynuts

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Ceiling Cat said:
CCL was due for a rise on Thursday, but the financial world was hit with several bad news stories. The worse was that the £ British Pound plunged and sent investors into a panic. CCL should recover some ground next week iF the financial news is not all bad. Personally, I would never buy a stock like CCL. At this time all bets are off with me. I am waiting for better times to invest. The gains are too small and less opportunities are out these these days. The risk is also greater.
Click to expand...
CCL was definitely poised for a big rise. It was near an all-time low, and actually posted a decent earnings, given the circumstances. It's on the road to becoming profitable. But Nike dropped dramatically, as well as the decline of Apple (a big market mover), and all the horrible financial news (slowdown in China, high inflation report that day, England disaster, etc) did not help. If it had been any other day, Carnival would have been fine.

Remember how Netflix crashed like 50% simply beause it didn't have an increase in subscribers? Way overdone. The market is paranoid right now because of the uncertainty.

You are right, the risks are huge right now. One mediocre earnings report can cost you 20-50% in this market, even for a stock that's already beaten up.

inflation needs to start dropping before the market will recover. that won't happen for months.
 
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thenewace

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Ceiling Cat said:
CCL was due for a rise on Thursday, but the financial world was hit with several bad news stories. The worse was that the £ British Pound plunged and sent investors into a panic. CCL should recover some ground next week iF the financial news is not all bad. Personally, I would never buy a stock like CCL. At this time all bets are off with me. I am waiting for better times to invest. The gains are too small and less opportunities are out these these days. The risk is also greater.
Click to expand...
What are your thoughts on SPY? I am thinking to get some 350 puts going to January given market conditions...
 
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stinkynuts

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historically these last three months are when the market really rallies during a midterm election year. anything can happen.
 
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poker

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poker said:
Fuck… all my money is tied up in funds. I would not see it til at least We’d.
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I did not buy… Apparently I am an investing genius. Guru, if you will.
 
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