Carnival (NYSE:CCL) Stock, Quote.Headers.trade-ideas

Carnival

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.

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Bank of America analysts optimistic about cruise line industry earnings, foreseeing potential stock price increases due to longer booking curves and different supply dynamics.

Bank Of America Raises Projections For Cruise Line Stocks: &#39;More Insulated From The Airline Trends&#39;

Carnival CCL

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Carnival Corporation (NYSE:CCL) shares are trading higher Tuesday after the company announced an order for three new ships for its Carnival Cruise Line brand. Truist Securities also raised its price target on the stock Tuesday morning.

What&#39;s Going On With Carnival Stock?

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Royal Caribbean Cruises Ltd. (NYSE: RCL) is scheduled to release second-quarter 2024 results on Jul 25, 2024. The company is likely to have benefited from positive customer sentiments bolstered by resilient labor markets, stabilizing inflation and a narrowed gap to land-based vacations.

Royal Caribbean Pre-Q2 Earnings Analysis: Should You Buy?

Carnival Corp

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<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Carnival</strong>.</p>
<p>Looking at options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) we detected 8 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 0% with bearish.</p>
<p>From the overall spotted trades, 5 are puts, for a total amount of $200,349 and 3, calls, for a total amount of $695,700.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $16.0 to $22.0 for Carnival over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Carnival's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carnival's whale trades within a strike price range from $16.0 to $22.0 in the last 30 days. </p>
<h3>Carnival 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722010544_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$0.87</td>
<td>$0.85</td>
<td>$0.86</td>
<td>$18.00</td>
<td>$614.9K</td>
<td>6.7K</td>
<td>7.1K</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$5.55</td>
<td>$5.45</td>
<td>$5.45</td>
<td>$22.00</td>
<td>$58.3K</td>
<td>379</td>
<td>108</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.1</td>
<td>$1.97</td>
<td>$2.05</td>
<td>$20.00</td>
<td>$54.7K</td>
<td>12.1K</td>
<td>0</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$1.02</td>
<td>$0.99</td>
<td>$1.0</td>
<td>$18.00</td>
<td>$40.7K</td>
<td>2.4K</td>
<td>845</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$1.02</td>
<td>$0.98</td>
<td>$1.0</td>
<td>$18.00</td>
<td>$39.3K</td>
<td>2.4K</td>
<td>438</td>
</tr>
</tbody>
</table>
</p>
<h3>About Carnival</h3>
<p>Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.</p>
<h3>Current Position of Carnival</h3>
<ul>
<li>With a trading volume of 8,412,500, the price of CCL is up by 1.32%, reaching $17.32.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 63 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Carnival</h3>
<p>4 market experts have recently issued ratings for this stock, with a consensus target price of $23.5.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Carnival with a target price of $20. </li>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Carnival with a target price of $25. </li>
<li>An analyst from B of A Securities persists with their Buy rating on Carnival, maintaining a target price of $24. </li>
<li>Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Carnival, targeting a price of $25. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carnival with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Decoding Carnival's Options Activity: What's the Big Picture?

<p>JP Morgan  analyst Matthew Boss   maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Overweight and raises the price target from $23 to $25.</p>


JP Morgan Maintains Overweight on Carnival, Raises Price Target to $25

<p>Bank of America analysts have expressed optimism about the cruise line industry ahead of upcoming earnings reports, forecasting <a href="https://www.benzinga.com/topic/cruise-lines">potential stock price increases.</a></p>
<p>The analysts highlighted that U.S. airlines are facing pricing challenges due to overcapacity and demand concerns, as noted by Ryanair in their latest earnings report.</p>
<p>&#8220;We view cruise as more insulated from the airline trends given longer booking curves (9+ months vs 3 months)&nbsp;and&nbsp;different supply dynamics,&#8221; <strong>Andrew G. Didora, CFA</strong>, wrote in a note published Tuesday.   </p>
<p>The expert sees minimal risk to near-term earnings and expects cruise companies to continue reporting strong fundamentals this earnings season, similar to <strong>Carnival Corp</strong>.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) recent solid results and raised guidance at the end of June.</p>
<h3 class="wp-block-heading">Bank of America Raised Royal Caribbean, Norwegian Cruise Price Targets</h3>
<p><strong>Royal Caribbean Cruise Ltd.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) is set to announce its Q2 2024 earnings this Thursday, July 25.</p>
<p>&#8220;We believe our current&nbsp;RCL&nbsp;estimates are reasonable ahead of results,&#8221; Didora said. Bank of America estimates a net yield of +11.0% in Q2 2024, slightly above the high end of guidance at +10-10.5%.</p>
<p>Given the strong trends anticipated in the cruise sector, Bank of America has raised the price objective for <strong>Royal Caribbean Cruise Ltd</strong>. to $172, while maintaining a Neutral rating.</p>
<p><strong>Norwegian Cruise Line Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) hosted an investor day at the end of May, and Bank of America anticipates similar messaging in the July 31 earnings call: focusing on deleveraging, keeping unit costs below inflation, and achieving mid-single digit net yield growth. </p>
<p>Bank of America&#8217;s full-year 2024 estimated EBITDA is $2.3 billion (aligning with the Street and slightly above the guidance of $2.25 billion), with their Q2 2024 EPS estimate slightly ahead of guidance at 33 cents compared to the guidance of 32 cents (Street 34 cents).</p>
<p>For Q3 2024, they forecast net yields of +5.9% versus the Street&#8217;s +5%, with EPS of 94 cents compared to the Street&#8217;s 90 cents.</p>
<p>Bank of America has raised the price objective to $23 as they increase their target multiple, reflecting the continued strong industry trends, while maintaining a Neutral rating.</p>
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<p><em>Photo: Shutterstock</em></p>


Bank Of America Raises Projections For Cruise Line Stocks: 'More Insulated From The Airline Trends'

<p><strong>Carnival Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) shares are trading higher Tuesday after the company announced an order for three new ships for its <a href="https://www.benzinga.com/pressreleases/24/07/n39908039/carnival-corporation-orders-three-additional-ships-for-carnival-cruise-line-introducing-a-new-clas">Carnival Cruise Line brand</a>.</p>
<p><strong>The Details:</strong></p>
<p>Carnival announced an order agreement with Italian shipbuilder <strong>Fincantieri </strong>that provides for the design, engineering and construction of three liquefied natural gas (LNG)-powered ships. The ships are expected to be delivered in the summers of 2029, 2031 and 2033, respectively.</p>
<p>&#8220;For this next generation ship, we are focused on creating innovative guest experiences that will take Carnival Cruise Line into the future with new fun features and excitement that we know our guests will love,&#8221; said <strong>Christine Duffy</strong>, president of Carnival Cruise Line.</p>
<p><strong>Read Next: </strong><a href="https://www.benzinga.com/news/24/07/39891006/sunpower-stock-attempts-to-bounce-back-whats-going-on"><strong>SunPower Stock Attempts To Bounce Back: What&#8217;s Going On?</strong></a></p>
<p>Including the order announced Tuesday, there have been five new ship orders for Carnival Cruise Line announced in 2024. Earlier this year, Carnival placed newbuild orders for two Excel-class ships that will join the Carnival Cruise Line fleet in 2027 and 2028.&nbsp;</p>
<p>The company also recently announced a series of strategic shifts to further optimize the composition of its global brand portfolio and increase guest capacity for Carnival Cruise Line, transferring a total of five vessels from sister brands to the Carnival Cruise Line fleet between 2023 and early 2025.</p>
<p>Truist Securities maintained a Hold rating on Carnival on Tuesday and raised its price target from $17 to $20.</p>
<h2 class="wp-block-heading">CCL Stock Prediction 2024: </h2>
<p>Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.</p>
<p>Shares of Carnival have an average 1-year price target of $21.44, representing an expected upside of 11%.</p>
<p>Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Carnival, while 6 analysts have bullish ratings. The street high price target from Argus Research is $25.</p>
<p><strong>CCL Price Action:</strong> According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Carnival shares are trading above the stock&#8217;s 50-day moving average of $16.61. The stock was up 4.48% at $19.24 at the time of publication Tuesday.</p>
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<p><em>Image: Ed Junkins from Pixabay</em></p>


What's Going On With Carnival Stock?

WIIM

Carnival shares are trading higher after Truist Securities maintained a Hold rating on the stock and raised its price target from $17 to $20. The company announced an order for three new ships for its namesake Carnival Cruise Line brand for a new class of vessel.

<p><i>World's largest cruise company finalizes agreement with Fincantieri for&nbsp;three new landmark cruise ships scheduled for delivery in 2029, 2031 and 2033</i></p>
<p><i>New ships to take Carnival Corporation's LNG-powered fleet to 16 ships</i></p>
<p>MIAMI, July 23, 2024 /PRNewswire/ -- With consumer demand for cruise vacations at historic levels, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4217162-1&amp;h=2499676418&amp;u=https%3A%2F%2Fwww.carnivalcorp.com%2F&amp;a=Carnival+Corporation+%26+plc">Carnival Corporation &amp; plc</a> ((NYSE/LSE: CCL, NYSE:<a href="https://www.benzinga.com/stock/CUK#NYSE">CUK</a>), the world's largest cruise company, today announced an order for three new ships for its namesake Carnival Cruise Line brand for a new class of vessel, at nearly 230,000 gross registered tonnes. The agreement with Italian shipbuilder Fincantieri provides for the design, engineering, and construction of these liquefied natural gas (LNG)-powered ships, which will be delivered in the summers of 2029, 2031 and 2033, respectively.</p>


Contracts

Carnival Corporation Orders 3 Additional Ships For Carnival Cruise Line, Scheduled For Delivery In 2029, 2031 And 2033

<p>Truist Securities  analyst Patrick Scholes   maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Hold and raises the price target from $17 to $20.</p>


Truist Securities Maintains Hold on Carnival, Raises Price Target to $20

<p>Financial giants have made a conspicuous bearish move on Carnival. Our analysis of options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) revealed 15 unusual trades.</p>
<p>Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $320,209, and 12 were calls, valued at $507,095.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $17.0 to $22.0 for Carnival over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Carnival options trades today is 15778.4 with a total volume of 12,506.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Carnival's big money trades within a strike price range of $17.0 to $22.0 over the last 30 days.</p>
<h3>Carnival 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721674869_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.73</td>
<td>$2.71</td>
<td>$2.73</td>
<td>$20.00</td>
<td>$180.9K</td>
<td>14.6K</td>
<td>822</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.74</td>
<td>$2.72</td>
<td>$2.74</td>
<td>$20.00</td>
<td>$87.4K</td>
<td>14.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.21</td>
<td>$1.2</td>
<td>$1.21</td>
<td>$22.00</td>
<td>$69.2K</td>
<td>22.2K</td>
<td>630</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.76</td>
<td>$1.7</td>
<td>$1.76</td>
<td>$20.00</td>
<td>$57.5K</td>
<td>31.0K</td>
<td>1</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.74</td>
<td>$2.73</td>
<td>$2.74</td>
<td>$20.00</td>
<td>$51.8K</td>
<td>14.6K</td>
<td>1.3K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Carnival</h3>
<p>Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.</p>
<p>After a thorough review of the options trading surrounding Carnival, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Carnival Standing Right Now?</h3>
<ul>
<li>With a trading volume of 11,745,574, the price of CCL is up by 1.11%, reaching $18.64.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 67 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Carnival</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.4.</p>
<ul>
<li>An analyst from Deutsche Bank has decided to maintain their Hold rating on Carnival, which currently sits at a price target of $19. </li>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $22. </li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $24. </li>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Carnival with a target price of $22. </li>
<li>Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Carnival, targeting a price of $25. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carnival with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Carnival Unusual Options Activity

<p><strong>Royal Caribbean Cruises Ltd. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) is scheduled to release second-quarter 2024 results on Jul 25, 2024. The company is likely to have benefited from positive customer sentiments bolstered by resilient labor markets, stabilizing inflation and a narrowed gap to land-based vacations.</p>
<p>The Zacks Consensus Estimate for RCL&#39;s second-quarter earnings per share is pegged at $2.77, suggesting 52.2% growth from $1.82 reported in the prior-year quarter. The consensus mark has increased by 3% in the past 60 days. For quarterly revenues, the consensus mark is pegged at $4 billion, suggesting a 13.4% rise from the year-ago quarter&#39;s reported figure.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/31/72042.jpg?v=1992566730" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Earnings Surprise History</h3>
<p>The company has a modest earnings surprise history in the trailing four quarters, exceeding earnings expectations on each occasion. It delivered an earnings surprise of 18.3%, on average. In the last reported quarter, the company delivered an earnings surprise of 35.1%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a5/72044.jpg?v=2003534507" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Q2 Earnings Whispers</h3>
<p>Our proven model does not conclusively predict an earnings beat for Royal Caribbean this time around. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat on earnings. But that&#39;s not the case here.</p>
<p>Royal Caribbean has a Zacks Rank #1 and an Earnings ESP of -0.43%.</p>
<h3>Factors to Influence RCL&#39;s Q2 Results</h3>
<p>Royal Caribbean&#39;s second-quarter performance is likely to have benefitted from robust demand, courtesy of its digital initiatives, ship upgrades and enhanced product offerings. This and the strong booking and pricing environment across key itineraries, coupled with continued strength in onboard, are likely to have driven the company&#39;s top-line in the second quarter.</p>
<p>Our model estimates second-quarter passenger ticket revenues to rise 6.1% year over year to $2.59 billion. We expect onboard and other revenues to increase 23.3% year over year to $1.33 billion.</p>
<p>Royal Caribbean is enhancing its commerce platform with new technology and artificial intelligence to improve the experience across various distribution channels, build stronger customer loyalty and reduce guest acquisition costs. It is investing in a modern digital travel platform to streamline travel planning, making it easier for guests to book vacations and expand wallet share. The initiatives are likely to have strengthened load factors and improved yields in the second quarter.</p>
<p>The company anticipates net yields to rise 10-10.5% (on a reported basis) and 10.2-10.7% (constant-currency basis) from 2023 levels. Our model predicts second-quarter net yields at $262 million (on a reported basis) and $263 million (constant-currency basis).</p>
<p>Elevated costs concerning fuel and food are likely to have hurt margins in the second quarter. Our model predicts total cruise operating costs to rise 5% year over year to $2.05 billion.</p>
<p>The company expects second-quarter net cruise costs (excluding fuel per APCD) to increase 5.4% (on a reported basis) and 5.5% (constant currency), respectively, on a year-over-year basis. Per our model, second-quarter net cruise costs (excluding fuel per APCD) are estimated at $126.2 million (on a reported basis) and $126.7 million (constant-currency basis).</p>
<h3>Price Performance &amp; Valuation</h3>
<p>Shares of Royal Caribbean have rallied 30% in the year-to-date period compared with the Zacks Leisure and Recreation Services industry&#39;s rise of 4.7%.</p>
<p>Despite disruptions at Eastern Mediterranean sailings, the stock outperformed its peers, including <strong>Carnival Corporation &amp; plc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>), <strong>Norwegian Cruise Line Holdings Ltd.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nclh#NYSE">NCLH</a>) and <strong>OneSpaWorld Holdings Limited</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/osw#NASDAQ">OSW</a>).</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b0/72045.jpg?v=1599364627" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>From a valuation perspective, RCL is trading relatively cheap. The company has a forward 12-month price-to-earnings of 13.89X, below the industry average of 16.63X. The company has a Value Score of A.</p>
<p>&nbsp;</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/89/72046.jpg?v=1185158597" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Investment Considerations</h3>
<p>RCL&#39;s robust demand, strategic digital initiatives, and enhanced offerings position it favorably for strong second-quarter financial performance. The anticipated revenue and earnings growth reinforces the positive outlook for RCL stock.</p>
<p>While RCL is attractively valued and has strong fundamentals, it may be a good time to buy the stock before the earnings release. The company&#39;s robust booking volumes and enhanced onboard spending underscore its ability to capitalize on increasing travel demand.</p>
<p>Strong operational performance, strategic market expansions and innovative product offerings have been a major tailwind for the stock. With a favorable valuation compared with industry peers and upwardly revised earnings projections, RCL is well-positioned to deliver sustained growth and shareholders&#39; value. We believe that RCL stock is an ideal candidate for investors&#39; portfolio addition.</p>
<p><a href="https://www.zacks.com/stock/news/2305844/royal-caribbean-rcl-pre-q2-earnings-analysis-should-you-buy?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2305844">To read this article on Zacks.com click here.</a></p>


<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Carnival</strong>.</p>
<p>Looking at options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) we detected 12 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 41% with bearish.</p>
<p>From the overall spotted trades, 3 are puts, for a total amount of $333,649 and 9, calls, for a total amount of $287,330.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $17.0 to $35.0 for Carnival over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Carnival's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Carnival's significant trades, within a strike price range of $17.0 to $35.0, over the past month.</p>
<h3>Carnival Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721241054_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.85</td>
<td>$8.75</td>
<td>$8.75</td>
<td>$27.00</td>
<td>$261.6K</td>
<td>312</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.02</td>
<td>$1.98</td>
<td>$1.99</td>
<td>$20.00</td>
<td>$47.3K</td>
<td>30.8K</td>
<td style="text-align: right;">548</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.25</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$21.00</td>
<td>$39.6K</td>
<td>273</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$1.73</td>
<td>$1.7</td>
<td>$1.7</td>
<td>$17.00</td>
<td>$34.0K</td>
<td>24.0K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$0.16</td>
<td>$0.15</td>
<td>$0.16</td>
<td>$17.00</td>
<td>$32.3K</td>
<td>427</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>
</p>
<h3>About Carnival</h3>
<p>Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.</p>
<h3>Where Is Carnival Standing Right Now?</h3>
<ul>
<li>With a trading volume of 19,040,582, the price of CCL is down by -3.65%, reaching $18.48.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 72 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Carnival</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $22.4.</p>
<ul>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $22. </li>
<li>Consistent in their evaluation, an analyst from Deutsche Bank keeps a Hold rating on Carnival with a target price of $19. </li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $24. </li>
<li>Consistent in their evaluation, an analyst from Argus Research keeps a Buy rating on Carnival with a target price of $25. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Carnival, targeting a price of $22. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Carnival options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Carnival's Options Frenzy: What You Need to Know

ABNB

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BYON

EXPE

FEDU

FIGS

KOSS

KRUS

LSEA

NAAS

POOL

RMBL

RVLV

SBUX

SWIM

WOOF

ZAPP

Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.

<p>High-rolling investors have positioned themselves bullish on Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CCL often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for Carnival. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 55% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $99,983, and 8 calls, totaling $780,863.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $22.0 for Carnival during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Carnival's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carnival's whale trades within a strike price range from $15.0 to $22.0 in the last 30 days. </p>
<h3>Carnival Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720794840_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$2.07</td>
<td>$2.01</td>
<td>$2.07</td>
<td>$17.00</td>
<td>$271.5K</td>
<td>3.2K</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5.35</td>
<td>$5.25</td>
<td>$5.25</td>
<td>$15.00</td>
<td>$157.5K</td>
<td>4.4K</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5.25</td>
<td>$5.15</td>
<td>$5.15</td>
<td>$15.00</td>
<td>$138.1K</td>
<td>4.4K</td>
<td style="text-align: right;">305</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.25</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$22.00</td>
<td>$99.9K</td>
<td>645</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/23/24</td>
<td>$0.75</td>
<td>$0.65</td>
<td>$0.72</td>
<td>$19.00</td>
<td>$51.1K</td>
<td>144</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Carnival</h3>
<p>Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.</p>
<h3>Current Position of Carnival</h3>
<ul>
<li>Currently trading with a volume of 6,135,727, the CCL's price is down by -0.06%, now at $18.11. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 77 days.</li>
</ul>
<h3>What Analysts Are Saying About Carnival</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $22.4.</p>
<ul>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $22. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Carnival with a target price of $24. </li>
<li>An analyst from Deutsche Bank persists with their Hold rating on Carnival, maintaining a target price of $19. </li>
<li>An analyst from Susquehanna persists with their Positive rating on Carnival, maintaining a target price of $22. </li>
<li>An analyst from Argus Research has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $25. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Carnival options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


What the Options Market Tells Us About Carnival

Port And City Of Galveston Affected By Power Outages After Hurricane Beryl; Vessel Operations Suspended With Case-By-Case Considerations; At Least One Cruise Ship Cleared To Dock On Tuesday; Cargo Operations Suspended Pending U.S. Coast Guard Review

<p>Financial giants have made a conspicuous bullish move on Carnival. Our analysis of options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) revealed 15 unusual trades.</p>
<p>Delving into the details, we found 60% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $595,610, and 9 were calls, valued at $443,542.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.0 to $25.0 for Carnival during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Carnival's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carnival's whale activity within a strike price range from $12.0 to $25.0 in the last 30 days. </p>
<h3>Carnival Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720454446_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$5.6</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$22.00</td>
<td>$162.2K</td>
<td>2.5K</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$15.00</td>
<td>$140.5K</td>
<td>4.2K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.5</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$23.00</td>
<td>$127.9K</td>
<td>77</td>
<td style="text-align: right;">63</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$20.00</td>
<td>$125.6K</td>
<td>2.8K</td>
<td style="text-align: right;">128</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$7.95</td>
<td>$7.85</td>
<td>$7.85</td>
<td>$25.00</td>
<td>$97.3K</td>
<td>893</td>
<td style="text-align: right;">13</td>
</tr>
</tbody>
</table>
</p>
<h3>About Carnival</h3>
<p>Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.</p>
<p>Having examined the options trading patterns of Carnival, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of Carnival</h3>
<ul>
<li>With a trading volume of 12,790,438, the price of CCL is up by 2.85%, reaching $17.7.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 81 days from now.</li>
</ul>
<h3>Expert Opinions on Carnival</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $22.4.</p>
<ul>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Carnival with a target price of $24. </li>
<li>An analyst from Deutsche Bank persists with their Hold rating on Carnival, maintaining a target price of $19. </li>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $22. </li>
<li>Consistent in their evaluation, an analyst from Argus Research keeps a Buy rating on Carnival with a target price of $25. </li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Carnival, which currently sits at a price target of $22. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carnival with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


<p>Financial giants have made a conspicuous bullish move on Carnival. Our analysis of options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) revealed 8 unusual trades.</p>
<p>Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $411,924, and 3 were calls, valued at $229,942.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $16.0 and $22.0 for Carnival, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Carnival options trades today is 6339.62 with a total volume of 6,805.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Carnival's big money trades within a strike price range of $16.0 to $22.0 over the last 30 days.</p>
<h3>Carnival Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720190033_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.46</td>
<td>$1.42</td>
<td>$1.42</td>
<td>$18.00</td>
<td>$167.2K</td>
<td>1.6K</td>
<td>3.2K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.05</td>
<td>$0.97</td>
<td>$1.05</td>
<td>$18.00</td>
<td>$123.7K</td>
<td>1.3K</td>
<td>3.2K</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.2</td>
<td>$5.15</td>
<td>$5.15</td>
<td>$22.00</td>
<td>$76.7K</td>
<td>784</td>
<td>1</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.59</td>
<td>$0.54</td>
<td>$0.59</td>
<td>$16.00</td>
<td>$69.4K</td>
<td>2.4K</td>
<td>3.2K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$1.52</td>
<td>$1.41</td>
<td>$1.52</td>
<td>$22.00</td>
<td>$66.4K</td>
<td>6.3K</td>
<td>0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Carnival</h3>
<p>Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.</p>
<h3>Present Market Standing of Carnival</h3>
<ul>
<li>Currently trading with a volume of 4,711,296, the CCL's price is down by -1.66%, now at $17.16. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 84 days.</li>
</ul>
<h3>What The Experts Say On Carnival</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.4.</p>
<ul>
<li>An analyst from Argus Research has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $25. </li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Carnival, which currently sits at a price target of $22. </li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $24. </li>
<li>An analyst from Deutsche Bank persists with their Hold rating on Carnival, maintaining a target price of $19. </li>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $22. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carnival with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


<p>Transport Secretary <strong>Pete Buttigieg</strong> expressed concern over the impact of Hurricane Beryl on transportation, particularly flights, amid a potentially active hurricane season. The hurricane, which is currently causing significant destruction, is expected to affect travel to the Caribbean.</p>
<p><strong>What Happened:</strong> Buttigieg posted on X, formerly Twitter, as Hurricane Beryl made landfall in the Caribbean.</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Hurricane Beryl is proving to be a highly destructive storm at the outset of what&#39;s expected to be a very active hurricane season.⁰⁰We&#39;re keeping an eye on Beryl&#39;s impact to transportation, including flights. Plan ahead if you have travel to the Caribbean coming up.</p>
<p>&mdash; Secretary Pete Buttigieg (@SecretaryPete) <a href="https://twitter.com/SecretaryPete/status/1807930089298178268?ref_src=twsrc%5Etfw">July 2, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p>Beryl, a Category 4 storm with sustained winds of 155 mph, is located 575 miles east-southeast of Isla Beata in the Dominican Republic, moving west-northwest at 21 mph, <a href="https://edition.cnn.com/2024/07/01/weather/hurricane-beryl-caribbean-landfall-monday/index.html">reported</a> CNN.</p>
<p>The National Hurricane Center warns of life-threatening storm surge, flooding, and swells affecting the Windward and Leeward Islands, Puerto Rico, and Hispaniola. </p>
<p>Jamaica is under a hurricane warning, while the Dominican Republic and Haiti have tropical storm warnings. Over 400 people in Barbados are evacuated to shelters, and a state of emergency is declared in Grenada, closing all businesses except essential services. </p>
<p>Airports in Barbados, Grenada, and Saint Lucia are shut down. Beryl disrupted the T20 Cricket World Cup, leaving fans stranded in Barbados. The hurricane is expected to remain strong while tracking across the Caribbean, with a potential landfall in Mexico&#8217;s Yucatan Peninsula by Friday, posing further threats to the region.</p>
<p><em>See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39563833/trump-campaign-signals-intent-to-withdraw-us-from-paris-climate-accord-again-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Campaign Signals Intent To Withdraw US From Paris Climate Accord Again: Report</a></em></p>
<p><strong>Why It Matters:</strong> The hurricane&#8217;s impact on the travel industry is evident, with shares of major cruise lines, including <strong>Carnival Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), <strong>Royal Caribbean Cruises Ltd.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), and <strong>Norwegian Cruise Line Holdings Ltd.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), <a href="https://www.benzinga.com/news/24/07/39581491/whats-going-on-with-cruise-stocks-as-category-4-hurricane-beryl-churns-in-the-caribbean">experiencing a decline</a> as a result of the storm.</p>
<p>Buttigieg&#8217;s statement aligns with the concerns raised by industry experts about the potential impact of the hurricane on the travel sector, particularly in the Caribbean.</p>
<p><em>Photo Courtesy: Rich Koele On Shutterstock.com</em></p>
<p><em>Read Next: <a href="https://www.benzinga.com/news/24/06/39566942/mark-cuban-asked-chatgpt-to-analyze-first-trump-biden-debate-and-judge-the-duos-communication-skills?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Asked ChatGPT To Analyze First Trump-Biden Debate And Judge The Duo&#8217;s Communication Skills, Professionalism — Here Is What The Bot Said</a></em></p>
<p>This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <u><a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a></u></p>


Pete Buttigieg: 'Hurricane Beryl Is Proving To Be A Highly Destructive Storm'

<p>Shares of cruise line stocks, including <strong>Carnival Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), <strong>Royal Caribbean Cruises Ltd. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) and <strong>Norwegian Cruise Line Holdings Ltd.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), shares are trading lower Monday as Category 4 Hurricane Beryl <a href="https://www.benzinga.com/real-estate/24/06/39274410/looking-for-an-affordable-florida-city-with-minimal-hurricane-risk-check-out-this-one">churns in the Caribbean</a>.</p>
<p><strong>The Details:</strong></p>
<p>Hurricane Beryl strengthened to a Category 4 storm and made landfall in the Grenadines' Carriacou Island in the Caribbean Sea with maximum sustained winds of 150 mph Monday.</p>
<p>According to a <a href="https://weather.com/storms/hurricane/news/2024-06-30-hurricane-beryl-forecast-caribbean">report</a> from The Weather Channel, Beryl is expected to take a general west-northwest track in the Caribbean Sea through the rest of the week. The National Hurricane Center has issued a hurricane watch for Jamaica and a tropical storm watch remains in effect for the south coast of Haiti and southwest coast of the Dominican Republic.</p>
<p>Hurricane season can be troublesome for cruise lines due to the higher potential for re-routing and even cancellations.&nbsp;Forecasters have predicted this hurricane season to be very active due to unusually warm ocean temperatures.&nbsp;</p>
<p>Carnival recently reported better-than-expected second-quarter results and saw a slew of analysts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39510209/carnival-catches-wave-of-bullish-analysts-after-q2-earnings-beat-firing-on-all-cyli">increase price targets</a> on the stock following the print. Shares of other cruise lines moved higher in sympathy as investors celebrated consumers' return to spending on travel and experiences.&nbsp;</p>
<p>"Bookings and pricing momentum are firing on all cylinders and accelerating into 2025," noted Goldman Sachs analyst <strong>Lizzie Dove. </strong>&nbsp;</p>
<p><strong>Read Next: </strong><a href="https://www.benzinga.com/news/24/07/39577997/ev-maker-nikolas-stock-hits-new-all-time-low-whats-going-on"><strong>EV-Maker Nikola&#8217;s Stock Hits New All-Time Low: What&#8217;s Going On?</strong></a></p>
<h2 class="wp-block-heading">CCL Stock Prediction 2024: </h2>
<p>Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.</p>
<p>Shares of Carnival have an average 1-year price target of $22, representing an expected upside of 25.53%.</p>
<p>Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Carnival, while 7 analysts have bullish ratings. The street high price target from Argus Research is $25, while the street low from Truist Securities is $17.</p>
<p><strong>CCL, RCL, NCLH Price Action:</strong> According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Carnival shares are down 5.93% at $17.61, Royal Caribbean shares are down 2.64% at $155.22 and Norwegian Cruise Line shares are down 6.6% at $17.56 at the time of publication Monday.</p>
<p><strong>Read Also:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39554711/lululemon-stock-dips-after-nikes-q4-report-whats-going-on"><strong>Lululemon Stock Dips After Nike&#8217;s Q4 Report: What&#8217;s Going On?</strong></a><strong> </strong></li>
</ul>
<p><em>Image: 12019 from Pixabay</em></p>


What's Going On With Cruise Stocks As Category 4 Hurricane Beryl Churns In the Caribbean?

<p>It&#8217;s a mixed start to the week on Wall Street, with <a href="https://www.benzinga.com/topic/s-p-500">major large-cap indices </a>slightly above the break-even point by midday trading in New York.</p>
<p>All investor eyes are on this week&#8217;s key economic events, including Fed Chair <strong>Jerome Powell</strong>&#8216;s speech on Tuesday and the labor market data release on Friday.</p>
<p>Large-cap indices are outperforming small caps, which are down 0.8%. The S&amp;P 500 rose 0.2%, while the tech-heavy Nasdaq 100 outperformed, up 0.4%. </p>
<p>Among Monday&#8217;s best-performing sectors is technology, up 0.7%, while materials and real estate are struggling, down 1.7% and 1.2%, respectively.</p>
<p>On the data front, the ISM Manufacturing PMI index fell more than expected in June to 48.5%, marking the third <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39577080/manufacturing-contracts-more-than-expected-in-june-putting-pressure-on-profitabilit">consecutive month of contraction.</a></p>
<p>Treasury yields rose significantly, with the 30-year yield up 8 basis points to 4.64%, pushing the <strong>iShares 20+ Year Treasury ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) down 1.9%, on track for its worst two-day performance since February.</p>
<p>The dollar remained flat overall, despite losing some ground against the euro, following the results of the first round of the presidential election in France. However, the greenback rallied 0.4% against the Japanese yen, extending its losses to 161 and beyond.</p>
<p>Among commodities, gold was flat, while crude prices rallied over 1.7%, with the West Texas Intermediate (WTI) light-crude benchmark soaring above $83 a barrel, eyeing the highest close since late April. </p>
<p><strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was broadly flat at $63,000. </p>
<h2 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h2>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Major Indices</strong></td>
<td><strong>Price</strong></td>
<td><strong>1-day %chg</strong></td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,764.68</td>
<td>0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,470.08</td>
<td>0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,165.14</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,021.15</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Updated at 12:52 p.m. ET</em></figcaption></p></figure></p>
<p><strong>According to&nbsp;<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">Benzinga Pro&nbsp;data</a>:</strong></p>
<ul>
<li>The&nbsp;<strong>SPDR S&amp;P 500 ETF Trust</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.2% higher to $545.02.</li>
<li>The&nbsp;<strong>SPDR Dow Jones Industrial Average&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was 0.2% higher to $391.70.</li>
<li>The tech-heavy&nbsp;<strong>Invesco QQQ Trust</strong>&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) was 0.4% higher to $481.05.</li>
<li>Sector-wise, the&nbsp;<strong>Technology</strong>&nbsp;<strong>Select Sector SPDR Fund</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)&nbsp;outperformed, up by 0.6%, while the&nbsp;<strong>Real Estate Select Sector SPDR Fund</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, falling 1.3%.</li>
</ul>
<h2 class="wp-block-heading">Monday&#8217;s Stock Movers</h2>
<ul>
<li>Tesla notably surged over 6%, on track for its strongest session in over a month, following an improved outlook for EV sales in China.</li>
<li><strong>Chinese EV-maker XPeng Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) rallied 6%, and <strong>NIO Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rocketed 7%.</li>
<li><strong>Rivian Automotive Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) rose 3.5% after Goldman Sachs raised its price target from $11 to $14.</li>
<li>Cruise-line stocks tumbled, with <strong>Norwegian Cruise Line Holdings Ltd</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) down over 6.5%, and <strong>Carnival</strong> <strong>Corp</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) down 5.8%, likely impacted by higher oil prices. </li>
<li><strong>Victoria&#8217;s Secret &amp; Co</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) plummeted over 9%, eyeing its worst day since March.</li>
<li><strong>Snowflake Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) rose 5%, marking its fourth straight session of gains.</li>
</ul>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39579731/nvidia-apple-microsoft-race-toward-4t-market-cap-analyst-expects-ai-driven-tech-ral">Nvidia, Apple, Microsoft Race Toward $4T Market Cap: Analyst Expects AI-Driven Tech Rally To Deliver 15% Returns Over Next 6 Months</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Equities

Macro Economic Events

Broad U.S. Equity ETFs

Economics

Tech

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

RIVN

SNOW

iShares Trust Barclays 20+ Year Treasury Bond Fund

VSCO

XLRE

XPEV

Stocks Inch Up, Bonds Dip; Tesla And EVs Rally; Oil Tops $83: What's Driving Markets Monday?

Shares of cruise stocks are trading lower after Hurricane Beryl made a landfall.

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Carnival</strong>.</p>
<p>Looking at options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) we detected 25 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 44% with bearish.</p>
<p>From the overall spotted trades, 8 are puts, for a total amount of $455,958 and 17, calls, for a total amount of $2,274,399.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.0 and $27.0 for Carnival, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Carnival stands at 6932.0, with a total volume reaching 21,096.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Carnival, situated within the strike price corridor from $13.0 to $27.0, throughout the last 30 days.</p>
<h3>Carnival Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719847882_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.7</td>
<td>$2.67</td>
<td>$2.67</td>
<td>$17.50</td>
<td>$400.6K</td>
<td>43.4K</td>
<td>3.5K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.71</td>
<td>$2.68</td>
<td>$2.68</td>
<td>$17.50</td>
<td>$268.5K</td>
<td>43.4K</td>
<td>1.9K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.71</td>
<td>$2.68</td>
<td>$2.68</td>
<td>$17.50</td>
<td>$268.1K</td>
<td>43.4K</td>
<td>953</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.76</td>
<td>$2.66</td>
<td>$2.66</td>
<td>$17.50</td>
<td>$256.6K</td>
<td>43.4K</td>
<td>5.0K</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.9</td>
<td>$1.89</td>
<td>$1.9</td>
<td>$22.00</td>
<td>$227.8K</td>
<td>6.3K</td>
<td>1</td>
</tr>
</tbody>
</table>
</p>
<h3>About Carnival</h3>
<p>Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.</p>
<p>Having examined the options trading patterns of Carnival, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of Carnival</h3>
<ul>
<li>Trading volume stands at 18,405,554, with CCL's price down by -6.06%, positioned at $17.59.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 88 days.</li>
</ul>
<h3>Professional Analyst Ratings for Carnival</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.4.</p>
<ul>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Carnival, which currently sits at a price target of $24. </li>
<li>Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for Carnival, targeting a price of $25. </li>
<li>An analyst from Deutsche Bank persists with their Hold rating on Carnival, maintaining a target price of $19. </li>
<li>An analyst from Citigroup persists with their Buy rating on Carnival, maintaining a target price of $22. </li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Carnival, which currently sits at a price target of $22. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carnival with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


This Is What Whales Are Betting On Carnival

Nomad Foods, Carnival, Lowe's among Mizuho's top picks for consumer sector

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The best <a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">cruise stocks</a> are sailing ahead impressively as the industry rebounds.<br>The pandemic was a major headache for the cruise sector, presenting unprecedented challenges for cruise liners. However, we&rsquo;ve recently seen an emphatic rebound in the industry, fueled by pent-up demand for travel and leisure.</p>



<p><strong>JPMorgan Research</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/jpm-stock-quote/"><strong>JPM</strong></a></span>) highlighted substantial acceleration post-pandemic in a recent report. The report showed that the Cruise Lines International Association (CLIA) expects <a href="https://www.jpmorgan.com/insights/global-research/travel/cruise-outlook#:~:text=The%20cruise%20industry%20has%20markedly,6%25%20more%20than%20in%202019.">about 35.7 million passengers in 2024,</a> roughly 6% more than the pre-pandemic peak in 2019. Moreover, an expected increase in <a href="https://cruising.org/en/news-and-research/press-room/2024/april/state-of-the-cruise-industry-report">cruise capacity by 10% from 2024 to 2028</a> signals a promising horizon for investors.</p>



<p>That said, three cruise industry giants are poised for robust post-pandemic growth while offering excellent upside. These stocks are expected to continue riding the travel resurgence wave, marked by healthy top-and-bottom-line in recent quarters. Moreover, these are the best cruise stocks trading at considerable bargains, which adds to their allure.</p>



<h2>Best Cruise Stocks to Buy: Carnival (CCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/ccl1600-300x169.png" alt="Carnival (CCL) logo sign in the night at their headquarters in Miami, Florida, USA. Carnival Cruise Line is an international cruise line."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p>Shares of cruise giant <strong>Carnival</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ccl-stock-quote/"><strong>CCL</strong></a></span>) are rallying this month after it sailed past Wall Street forecasts with superb second-quarter (Q2) results. Its impressive Q2 print showed a surge in cruise demand, propelling customer deposits to <a href="https://seekingalpha.com/news/4118878-carnival-in-charts-q2-customer-deposits-hit-an-all-time-high-of-83b?source=section%3Asummary%7Csection_asset%3Aall_news%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A8">unprecedented highs of $8.3 billion,</a> up $1.3 billion from the previous quarter.</p>



<p>Furthermore, a Non-GAAP EPS of 11 cents highlights the firm&rsquo;s powerful performance, blowing past analyst estimates by 13 cents. Moreover, sales were up 17.7% year-over-year (YOY) to $5.78 billion, beating estimates by a healthy $90 million. These stellar results compelled CCL&rsquo;s management to bump its full-year guidance, expecting <a href="https://seekingalpha.com/news/4118848-carnival-non-gaap-eps-of-0_11-beats-0_13-revenue-of-5_78b-beats-90m">adjusted net income of approximately $1.55 billion,</a> roughly $275 million higher than earlier projections.</p>



<p>CEO Josh Weinstein&rsquo;s dynamic leadership has been proven a boon for CCL. Under his leadership, the firm has optimized commercial operations while strengthening its global team. These efforts led to multiple record-breaking quarters for the company, including new highs in revenues, operating income, customer deposits and booking levels.</p>



<h2>Royal Caribbean (RCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/rcl-1600-300x169.jpg" alt="Royal Caribbean (RCL) ship at sea from an overhead view"><div>Source: ImagineStock / Shutterstock.com</div></div><p><strong>Royal Caribbean</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rcl-stock-quote/"><strong>RCL</strong></a></span>) is another trailblazer in the cruise line industry that&rsquo;s enjoyed a superb run-up in value in the past year. RCL stock <a href="https://seekingalpha.com/symbol/RCL/momentum/performance" target="_blank">is up north of 50%</a> in the past 12 months, marked by spectacular top-line growth.</p>



<p>The excellent uptrend in its results is fueled by a record Wave Season and phenomenal April bookings in terms of volume and pricing. Its first-quarter (Q1) results showed a 29% jump in revenues to $3.73 billion, beating estimates by $39 million. Moreover, its EPS of $1.77 beat estimates by 46 cents. In commenting on these terrific results, CEO Jason Liberty highlighted the strong performance of their fleet, especially the new Icon of the Seas, which surpassed all expectations.</p>



<p>Moreover, despite this year&rsquo;s momentum, RCL attracts a Strong Buy rating, <a href="https://www.tipranks.com/stocks/rcl/forecast" target="_blank">with a 10% upside from current prices.</a> Hence, RCL&rsquo;s momentum clearly indicates its powerful market position and promising long-term outlook in its niche.</p>



<h2>Norwegian Cruise Line Holdings (NCLH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/nchl_norwegian_cruise_lines1600-300x169.png" alt="NCL, NORWEGIAN CRUISE LINE (NCHL) SHIP GETAWAY, 13 July 2017 : Cruise liner Getaway are docked in Port of Sant Petersburg."><div>Source: Nazar Skladanyi / Shutterstock.com</div></div><p><strong>Norwegian Cruise Line Holdings</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nclh-stock-quote/"><strong>NCLH</strong></a></span>) stands out as a leading value pick in the cruise industry <a href="https://seekingalpha.com/symbol/NCLH/momentum/performance?source=section%3Asearch_bar%7Ccontent_type%3Aall%7Csection_asset%3Asearch-basic%7Csearch_item%3Anclh%7Crow_num%3A1%7CURL_first_level%3Asymbol%7Ctopic%3Asymbol">after shedding 19%</a> over the past year and an 11% decline YTD. The firm continues delivering stellar financial performance, attracting <a href="https://d1io3yog0oux5.cloudfront.net/_d87c0f33fa33a525133f7c45c558f217/nclhltd/db/1086/11470/pdf/Investor+Day+Deck+vF+Web.pdf">high-net-worth clients</a> while appealing to the growing millennial and Gen-Z demographics. Norwegian&rsquo;s management has noted this shift as one of the top drivers for its expansion.</p>



<p>Recent results have been impressive, with its top line growing upwards of 20.3% YOY in Q1 and a <a href="https://seekingalpha.com/article/4687979-norwegian-cruise-line-holdings-ltd-2024-q1-results-earnings-call-presentation">7-cent</a> earnings beat. Moreover, its management bumped forward guidance following indications following another quarter of record bookings.</p>



<p>The management expects NCLH to raise its adjusted EBITDA guidance by $5 million to $2.25 billion and its adjusted EPS guidance to $1.32 from $1.23, a couple of cents higher than forecasts. Adding to the optimism, analysts at <strong>Truist</strong> recently bumped NCLH to a Buy, pointing to the stock&rsquo;s attractive upside potential. This endorsement underscores the healthy outlook for Norwegian as it continues innovating.</p>



<p><em>On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/the-3-best-cruise-stocks-to-buy-in-july-2024/">The 3 Best Cruise Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Best Cruise Stocks to Buy in July 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Cruise line operator <strong>Carnival</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ccl-stock-quote/"><strong>CCL</strong></a></span>, <span><a href="https://investorplace.com/stock-quotes/cuk-stock-quote/"><strong>CUK</strong></a></span>) was capsized by the rogue pandemic wave. Because its industry was drydocked <a href="https://investorplace.com/2024/03/turbulence-ahead-3-travel-stocks-to-scrutinize-after-the-expedia-layoffs/">longer than virtually any other</a> due to COVID-19, cruise ship stocks were brought to the brink.&nbsp;</p>



<p>Forced to take on massive amounts of debt to survive, cruise operators are still listing and Carnival stock is down 5% year-to-date. Shares remain 60% below their pre-pandemic high.</p>



<p>Yet Carnival also recently reported earnings that were stronger than expected. A <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/815097/000081509724000052/ccl-20240625.htm">surprise second-quarter profit</a> caught Wall Street unaware as it was looking for another quarter of losses. With record bookings and a demographic primed for cruising, is Carnival stock about to ride a tsunami of growth higher? Let&rsquo;s look at the evidence to see whether CCL will hang ten or sink to Davy Jones&rsquo; locker once again.</p>



<h2>A Record Quarter</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/06/cruise-stocks1600-300x169.png" alt="Tourist girl with backpack and hat standing in front of big cruise liner. Cruise stocks"><div>Source: Zigres / Shutterstock.com</div></div><p>Carnival&rsquo;s second quarter was a welcome reprieve. Revenue of $5.8 billion set a new record for the cruise ship operator as did customer deposits for future cruises of $8.3 billion. Even better, the company was also able to lock in higher prices. It all combined to provide ballast for the cruise line, letting it post a GAAP profit of 7 cents per share and adjusted earnings of 11 cents per share. Analysts had forecast a 2 cents per share loss.</p>



<p>Booking volumes for the year are the best Carnival has ever seen. And since it has less capacity available for sale, it can book these cruises at higher prices. More importantly, 2025&rsquo;s bookings volumes are accelerating and are at even higher prices than those recorded this year.</p>



<p>Carnival CEO Josh Weinstein said in a statement, &ldquo;While still early, the cumulative advanced booked position for full year 2025 is even higher than 2024 in both price (in constant currency) and occupancy.&rdquo;</p>



<h2>Towing a Heavy Anchor</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/cruise-stocks-ccl-1-300x169.png" alt="cruise stocks docked cruise ships. CCL stock."><div>Source: Kokoulina / Shutterstock.com</div></div><p>Yet storm clouds still hover on the horizon. Carnival continues to be weighed down by a significant debt load totaling $27.7 billion. While that has been lowered from its <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/815097/000081509723000012/ccl-20221130_d2.htm">pandemic peak</a> of around $32 billion, that is a heavy draught for the cruise line.&nbsp;</p>



<p>Carnival reported interest expense of $450 million for the quarter. While that is less than the $542 million it paid last year, it is an amount almost three-and-a-half times greater than the $134 million in net income it reported.</p>



<p>The cruise ship operator is trying to further refine its debt. It prepaid $1.6 billion in first-lien term loans, repriced $1.75 billion worth of secured term notes and it completed a $535 million debt offering. That paid off loans due in 2026 and extended the terms out to 2030. In all, it will cut interest expenses this year by $55 million and by $85 million on an annualized basis.</p>



<h2>The Future of Cruising</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/cruise1600-300x169.jpg" alt="a cruise ship in the ocean with the sun going down"><div>Source: Shutterstock.com</div></div><p>Yet this could be as good as it gets for Carnival for a while. The second quarter tends to be the cruise ship operator&rsquo;s best quarter so investors shouldn&rsquo;t expect the third quarter to build much at all upon its early success. But Carnival is giving a full-steam-ahead call. It raised its full-year earnings outlook to $1.18 per share from its prior guidance of 98 cents per share in the first quarter.&nbsp;</p>



<p>The industry is also generally looking more shipshape. Both <strong>Royal Caribbean Group</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rcl-stock-quote/"><strong>RCL</strong></a></span>) and <strong>Norwegian Cruise Line</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nclh-stock-quote/"><strong>NCLH</strong></a></span>) raised guidance for the full year.&nbsp;</p>



<p>Moreover, the Cruise Lines International Association says the <a href="https://cruising.org/-/media/clia-media/research/2024/2024-state-of-the-cruise-industry-report_updated-050824_web.ashx">average age of a cruise passenger</a> is 46 years old, with 36% of cruise travelers under 40. Passengers aged 50 and older represent half of all cruise passengers. The trade organization says millennials are the most enthusiastic about cruising.</p>



<p>It suggests that while Carnival stock may run into dead calm for a bit, the open seas look smooth and it could be clear sailing to reach new highs.</p>



<p><em>On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or<br>indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/carnival-stocks-surprise-profit-is-ccl-set-to-soar-past-pre-pandemic-highs/">Carnival Stock&#8217;s Surprise Profit: Is CCL Set to Soar Past Pre-Pandemic Highs?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Carnival Stock's Surprise Profit: Is CCL Set to Soar Past Pre-Pandemic Highs?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investing in <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> under $25 can be a strategic move for investors looking to capitalize on high-potential companies without breaking the bank. These stocks can belong to companies in the early stages of expansion or have tremendous revenue and profit potential.&nbsp;</p>



<p>While established large-cap companies offer a certain level of security, their potential for explosive growth is often limited. Additionally, cyclical and industry-specific tailwinds can increase these stocks&rsquo; appeal to deliver outsized returns. Industries such as fintech, cloud computing and travel and tourism are well-positioned to grow rapidly over the next decade. For investors with a higher risk tolerance and longer time horizon, growth stocks under $25 present an exciting opportunity to reap significant rewards.&nbsp;</p>



<p>Now, here are the top three growth stocks under $25 that could 3X or more by 2028!</p>



<h2><strong>Hewlett Packard Enterprises (HPE)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/hpe-1600-300x169.jpg" alt="Picture of Hewlett Packard Enterprise offices in Palo Alto, CA. HPE stock."><div>Source: Sundry Photography / Shutterstock</div></div><p><strong>Hewlett Packard Enterprises </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/hpe-stock-quote/"><strong>HPE</strong></a></span>) is a global technology company providing a suite of IT solutions, including servers, storage, networking and cloud services. Trading under $25 per share, HPE offers a compelling opportunity for growth-oriented investors.&nbsp;</p>



<p>One of the primary drivers behind HPE&rsquo;s growth is its strategic shift towards edge computing and hybrid cloud solutions. The company has invested heavily in its GreenLake platform, which offers cloud and as-a-service solutions for businesses. Moreover, the company is embracing the AI revolution with its suite of AI solutions. That includes services like HPE supercomputing to accelerate AI workloads, as well as an AI-powered private cloud and analytics. In <a href="https://finance.yahoo.com/news/hewlett-packard-enterprise-co-hpe-222706194.html">FY23,</a> revenue increased 2% year-over-year (YOY) to $29.13 billion. Net earnings skyrocketed 133% to $1.54 per share. HPE retired $1.6 billion in long-term debt in the 2023 fiscal year, further strengthening its liquidity. Furthermore, management guided diluted EPS in the $1.81 to $2.01 range. With free cash flow forecasted to rise significantly to $2 billion at the midpoint, HPE stock is among the best growth stocks under $25 to buy in 2024.</p>



<h2><strong>Nu Holdings (NU)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/nu-1600-300x169.png" alt="Nubank mobile app on white cell phone and credit card on black surface. NU stock."><div>Source: Lais Monteiro / Shutterstock</div></div><p><strong>Nu Holdings </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/nu-stock-quote/"><strong>NU</strong></a></span>), the parent company of Nubank, is a leading digital banking platform in Latin America. With a stock price under $25, Nu Holdings presents an existing opportunity for investors looking to capitalize on the burgeoning fintech sector.&nbsp;</p>



<p>Nubank has disrupted the traditional banking sector by offering its customers a user-friendly mobile app, lower fees and a unique customer experience. The company has grown rapidly since its founding in 2013, and it is now the largest digital bank in Latin America. Its platform is multifaceted, offering a range of financial products including credit cards, personal loans and digital payments. Moreover, its no-fee approach has resonated well with customers, leading to a rapidly expanding customer base of more than 100 million. In its <a href="https://api.mziq.com/mzfilemanager/v2/d/59a081d2-0d63-4bb5-b786-4c07ae26bc74/1f5e7fd7-336d-470c-6ff8-7b05661006e4?origin=1#:~:text=for%20Brazil%20only.-,Source%3A%20Nu.,record%20high%20of%20%242.7%20billion%20.">latest quarterly financial results,</a> revenue rose an astonishing 69% YOY to $2.7 billion. Net earnings increased 167% YOY to $379 million while adding 5.5 million new customers in the quarter. As the fintech industry grows, NU stock is undoubtedly one of the best growth stocks under $25 to triple your money by 2028.</p>



<h2><strong>Carnival (CCL)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/ccl1600-300x169.png" alt="Carnival (CCL) logo sign in the night at their headquarters in Miami, Florida, USA. Carnival Cruise Line is an international cruise line."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Carnival </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/ccl-stock-quote/"><strong>CCL</strong></a></span>), the world&rsquo;s largest cruise company, operates a portfolio of well-known brands such as Carnival Cruise Line, Princess Cruises and Holland America Line. The cruise industry was hit hard by the COVID-19 pandemic, but Carnival has shown resilience and is well-positioned for a strong recovery through 2028.&nbsp;</p>



<p>Carnival&rsquo;s stock remains one of the top growth stocks under $25 to buy in 2024. The pandemic severely impacted the cruise industry, leading to extended suspensions of operations and substantial financial losses. However, with the global economy now open, pent-up demand will work wonders for Carnival&rsquo;s growth prospects over the next few years. Cruise demand is rebounding significantly, and its financial performance saw significant improvements in FY23.</p>



<p>Furthermore, Carnival&rsquo;s strong brand recognition, extensive global network and loyal customer base give it a competitive advantage. In <a href="https://www.carnivalcorp.com/static-files/b44223b4-e76f-4909-906e-ec159d6bf7bd">Q2 FY24,</a> revenue increased 18% YOY to $5.78 billion. Net earnings swelled 123% YOY to $92 million, or 7 cents per share. Additionally, management raised its guidance for FY24, forecasting adjusted net income of approximately $1.55 billion.</p>



<p><em>On the date of publication, Terel Miles did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines.</em></a></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/3-growth-stocks-under-25-set-to-triple-your-money-by-2028/">3 Growth Stocks Under $25 Set to Triple Your Money by 2028  </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Growth Stocks Under $25 Set to Triple Your Money by 2028

Wells Fargo spotlights the status of the consumer

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There&rsquo;s still plenty of smooth sailing ahead for some of the top <a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">cruise stocks</a> to buy.</p>



<p><strong>Carnival</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ccl-stock-quote/"><strong>CCL</strong></a>), for example,&nbsp;just raised its full-year earnings outlook after strong demand for cruises helped it post a surprise profit. Royal Caribbean recently boosted its full-year profit forecast as cruise demand surged, prompting price hikes.&nbsp;</p>



<p>Companies like&nbsp;<strong>Norwegian Cruise Lines</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) also reported&nbsp;<a href="https://www.cruisehive.com/norwegian-cruise-line-continues-strong-run-with-record-bookings/131719">record bookings</a>&nbsp;thanks to booming demand.&nbsp;</p>



<p>In addition, &ldquo;The demand for cruise vacations continues to be at an all-time high, as evidenced by record bookings, record book decisions and record advanced ticket sales,&rdquo; Norwegian CEO Harry Sommer said, <a href="https://www.foxbusiness.com/lifestyle/cruise-lines-thriving-despite-inflation-higher-booking-costs#:~:text=%22The%20demand%20for%20cruise%20vacations,earnings%20call%20earlier%20this%20month.">as quoted by Fox Business</a>.</p>



<p>Even better, <a href="https://www.prnewswire.com/news-releases/2024-state-of-the-cruise-industry-report-shows-cruise-tourism-has-surpassed-historical-levels-demonstrates-its-significant-economic-contribution-and-leadership-in-environmental-sustainability-and-responsible-tourism-302111983.html">cruise demand reached 107% of 2019 levels in 2023</a>, with 31.7 million passengers sailing. By 2027, that number is expected to sail to about 40 million. All of which means there&rsquo;s still plenty of upside &ndash; and smooth sailing ahead for some of the top cruise stocks to buy.</p>



<h2><strong>Royal Caribbean (<strong>RCL</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/rcl-stock-300x169.jpg" alt="Deck of a Royal Caribbean (RCL) cruise ship looking over the ocean"><div>Source: Venturelli Luca / Shutterstock.com</div></div><p>When I highlighted an opportunity in <strong>Royal Caribbean</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/"><strong>RCL</strong></a>) <a href="https://investorplace.com/2024/04/the-3-best-cruise-stocks-to-buy-in-april-2024/">on April 4</a>, I noted, &ldquo;I&rsquo;d use any weakness as an opportunity to buy. After all, demand isn&rsquo;t slowing. And unless something catastrophic happens to the overall economy, RCL should see even smoother sailing ahead.&rdquo;</p>



<p>At the time, it traded at around $135. Today, it&rsquo;s up to $156.78, where it&rsquo;s still a buy. All thanks to unstoppable demand. Helping, analysts at Citi just raised their price target on RCL to <a href="https://www.fool.com/investing/2024/07/03/3-reasons-royal-caribbean-stock-can-double-again-i/">$204 from $165 </a>with a buy rating. JPMorgan also raised its price target to $175 with an overweight rating on the stock, too.&nbsp;</p>



<p>Even analysts at Argus just raised their price target to $178 with a buy rating. The firm noted that <a href="https://www.investing.com/news/company-news/argus-lifts-royal-caribbean-shares-target-in-light-of-high-demand-93CH-3460823">high cruise occupancy of 107%</a> in the first quarter points to demand recovery, which could result in stronger-than-expected revenue. The firm also expects RCL margins to improve, and for the company to launch newer ships over the next 12 months.</p>



<h2><strong>Carnival (<strong>CCL</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/ccl1600-1-300x169.png" alt="Cruise ship Carnival Conquest docked at port Willemstad on sunset. Cruise stocks."><div>Source: NAN728 / Shutterstock.com</div></div><p><a href="https://investorplace.com/2024/04/the-3-best-cruise-stocks-to-buy-in-april-2024/">On April 4</a>, I also mentioned that Carnival was a buy on weakness&mdash;and still is.</p>



<p>At the time, CCL traded at about $15. Today, after hitting a high of $18.92, it&rsquo;s back to $17.21 and still a solid long term buy opportunity.&nbsp;&nbsp;Helping, earnings were strong. Its second quarter earnings per share of 11 cents beat by 13 cents. Revenue of $5.78 billion (up 17.7% year over year) beat by $90 million. Total customer deposits jumped to an all-time high of $8.3 billion, passing its previous record of $7.2 billion in May 2023.</p>



<p>Moving forward, it&nbsp;<a href="https://finance.yahoo.com/news/carnival-corp-raises-annual-profit-132658876.html">expects 2024 adjusted profit per share of about $1.18</a>, compared with its earlier forecast of 98 cents. It also forecast an adjusted profit of $1.15 per share for the third quarter. Analysts had expected a profit of $1.10.</p>



<p>In addition, analysts have a strong buy rating on the CCL stock with an average price target of $21.72. It&rsquo;s $25 at the high end of estimates.</p>



<h2><strong>Norwegian Cruise Line (<strong>NCLH</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/nclh-1600-1-300x169.jpg" alt="Norwegian Cruise Line ship arriving at a port. NCLH stock."><div>Source: Ian_Stewart / Shutterstock</div></div><p>Another one of the top cruise stocks to buy is Norwegian Cruise Line.</p>



<p>After rallying from a May low of about $15.50, NCLH hit a high of $18.88. Now back to $17.48, it&rsquo;s a buy opportunity. For one, NCLH trades at less than growth with a price-to-earnings-growth ratio of just 0.34x. It&rsquo;s also trading at less than sales with a price-to-sales ratio of 0.84x.</p>



<p>Two,&nbsp;its cruise bookings are at record levels $3.8 billion and exceeds its pre-pandemic booking record. Three, there&rsquo;s been so much demand, NCLH ticket sales are up 13% year over year.</p>



<p>Analysts at&nbsp;<a href="https://seekingalpha.com/news/4111221-truist-thinks-its-time-to-get-back-on-board-norwegian-cruise-lines">Truist just upgraded NCLH</a>&nbsp;to a buy rating with a price target of $21. The firm noted it&rsquo;s &ldquo;time to get back onboard NCLH&rdquo; and that there is still plenty of &ldquo;attractive upside potential&rdquo; with the stock.&nbsp;Deutsche Bank,&nbsp;JPMorgan,&nbsp;Wells Fargo,&nbsp;Stifel,&nbsp;Goldman Sachs,&nbsp;UBS&nbsp;and&nbsp;Citi<strong>&nbsp;</strong>raised their price targets on NCLH, too.</p>



<p>Plus, company&nbsp;<a href="https://www.investing.com/news/company-news/norwegian-cruise-line-director-buys-220k-in-company-stock-93CH-3468621">director&nbsp;Zillah Byng-Thorne</a>&nbsp;just bought 13,360 shares for about $220,440.&nbsp;</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&amp;utm_medium=referral">Publishing Guidelines</a></em>.</p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em></p>



<p></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/the-3-most-undervalued-cruise-stocks-to-buy-in-july-2024/">The 3 Most Undervalued Cruise Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Cruise Stocks to Buy in July 2024

Why I Believe Carnival Can Potentially Appreciate By More Than 60%

Most shorted S&P 500 stocks in June

Carnival Corporation: Underappreciated In The Rebounding Travel Industry

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">Cruise stocks</a> are relevant for investors in much the same way that they&rsquo;re perfect for many travelers: bang for the buck. By boarding a cruise ship, you&rsquo;re not only going to a new destination; instead, the journey to that point is part of the fun. You can&rsquo;t say that crammed into a flying tube on your way to Paris or wherever.</p>



<p>Just as importantly, consumer sentiment for vacations remains relatively robust. True, the intensity associated with the phenomenon known as revenge travel has been muted. People just aren&rsquo;t as anxious to leave the house as they were during the worst of Covid-19. Nevertheless, households are still prioritizing their time off. That&rsquo;s a positive for cruise stocks.</p>



<p>Plus, with the consumer economy facing challenges due to elevated prices and high borrowing costs, people need to be more conscientious about their discretionary spending. That&rsquo;s where these massive ships can provide that relevant bang for the buck. On that note, below are cruise stocks to consider.</p>



<h2>Carnival (CCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/ccl1600-1-300x169.png" alt="Cruise ship Carnival Conquest docked at port Willemstad on sunset. Cruise stocks."><div>Source: NAN728 / Shutterstock.com</div></div><p>At the moment, <strong>Carnival</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ccl-stock-quote/"><strong>CCL</strong></a>) appears to be performing reasonably well. In the trailing month, CCL stock gained almost 15% of equity value. However, when stacked against the beginning of the year, shares have gained less than 7%. That might signal that an opportunity for additional upside is available for those just taking wind of the idea.</p>



<p>One of the more important factors to consider is the recent financial performance. In the past four quarters, Carnival posted an average earnings per share of 19 cents. This figure beat out the collective consensus view of 11 cents. In fact, the average earnings surprise clocked in at a robust 183.28%. That means experts have been incredibly shocked by Carnival&rsquo;s resilience.</p>



<p>What&rsquo;s more, CCL stock trades at only 0.99X trailing-year sales. In the past year, this metric came in at 0.95X. That&rsquo;s not much of a premium. In addition, analysts anticipate that sales may hit $24.85 billion by the end of this year. If so, that would be a 15.1% lift from last year&rsquo;s haul of $21.59 billion. Thus, CCL is one of the cruise stocks to consider.</p>



<h2>Royal Caribbean Cruises (RCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/rcl-stock-300x169.jpg" alt="Deck of a Royal Caribbean (RCL) cruise ship looking over the ocean"><div>Source: Venturelli Luca / Shutterstock.com</div></div><p>Another top-tier player among cruise stocks, <strong>Royal Caribbean Cruises</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/"><strong>RCL</strong></a>) enjoyed a strong session on Friday, gaining 2.5%. In the past month, shares moved up slightly over 12%. Since the beginning of the year, the equity gained 40%. Notably, management will release its <a href="https://www.seatrade-cruise.com/finance-legal-regulatory/royal-caribbean-group-report-q2-earnings-july-25">second-quarter earnings report</a> on July 25, making for a difficult decision.</p>



<p>Should investors buy RCL stock into strength now or wait until after the results? Here are the facts. In the past four quarters, the company posted EPS of $2.17. That&rsquo;s above the consensus view of $1.87, yielding an earnings surprise of 18.1%. Also, the Q1 2024 report saw an earnings surprise of 33.1%. So, if momentum is a thing, Royal could beat in Q2.</p>



<p>Investors should note that RCL stock trades at 3.3X trailing-year revenue. That&rsquo;s a noticeable premium over the prior year&rsquo;s print of 2.38X. However, it&rsquo;s also important to realize that analysts are very bullish on the company&rsquo;s prospects.</p>



<p>In particular, by year&rsquo;s end, sales may hit $16.41 billion. If so, that would mean an 18.1% growth rate, making it one of the enticing cruise stocks to buy.</p>



<h2>Norwegian Cruise Line (NCLH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/norwegian-norway-nclh-1600-300x169.jpg" alt="Norwegian Pearl, a Norwegian Cruise Line (NCLH) ship, in the middle of the ocean"><div>Source: Vytautas Kielaitis/shutterstock.com</div></div><p>When it comes to cruise stocks, <strong>Norwegian Cruise Line</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nclh-stock-quote/"><strong>NCLH</strong></a>) just hasn&rsquo;t kept pace with its peers. On Friday, NCLH barely moved into positive territory relative to the prior session. In the business week ending July 19, shares couldn&rsquo;t even muster a half-percent gain. Since the start of the year, NCLH moved up a bit more than 7%. That&rsquo;s okay &ndash; nothing exciting.</p>



<p>One of the key reasons why Norwegian has been shaky centers on the underlying financial performance. In the past four quarters, the company&rsquo;s average EPS came out to 26 cents. That&rsquo;s better than the consensus view of 23 cents. Here&rsquo;s the thing: in Q4, the company suffered a steeper loss per share than anticipated, which has hurt the price action.</p>



<p>Nevertheless, one bad quarter doesn&rsquo;t break the entire narrative. Enticingly, the red ink also caused NCLH stock to trade at 0.95X sales. In the past year, this metric stood at 1.16X. So, it&rsquo;s relatively undervalued.</p>



<p>For fiscal 2024, analysts EPS growth of nearly 106% to $1.44. Also, the top line may expand to $9.37 billion, up 9.6% from last year.</p>



<p><em>On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/3-cruise-stocks-to-buy-on-the-dip-july-2024/">3 Cruise Stocks to Buy on the Dip: July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Cruise Stocks to Buy on the Dip: July 2024

CHTR

COST

CUKPF

DECK

ENPH

ETSY

FDIS

FOXA

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Press Releases

Princess Cruises Sets New GUINNESS WORLD RECORDS™ Title for World's Largest Pizza Party at Multiple Venues with Hungry Guests Devouring More Than 60,000 Slices of Pizza!

Entertainment

Holland America Line's 'Save on Sunshine' Offer Lets Cruisers Plan Their Warm-Weather Winter Vacation Now with Extra Savings and Perks

Carnival Corporation Orders Three Additional Ships for Carnival Cruise Line, Introducing a New Class of Ship that will Deliver Even More Fun to the Most Guests at Sea

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Carnival

Carnival (CCL) Forecast

Carnival (NYSE:CCL) Stock, Quote.Headers.trade-ideas