Short interest for Royal Caribbean Gr gives investors a sense of the degree to which investors are betting on the decline of Royal Caribbean Gr's stock. Short interest data is updated every two weeks.

Royal Caribbean Gr Stock (NYSE:RCL), Short Interest Report

Royal Caribbean Gr

Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with eight more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.

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With the earnings season now halfway through, the percentage of S&amp;P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.

Will Earnings Cheer Continue To Buoy Markets? Apple, Amazon, Pfizer, Coinbase Lead Flurry Of Q1 Reports This Week

RoyalCaribbean.AnthemoftheSeas.low_1607030212_RCI-AN-Aerials-Dec2015-480-1

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Royal Caribbean saw Q1 passenger ticket revenue reach $2.54 billion, a 34% year-over-year increase versus Q1 2023.

Royal Caribbean Cruises Through Q1 As Demand And Pricing Remains High

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US Stocks Brace For Negative Start Amid Tech Earnings Disappointments, Caution Ahead Of Data: &#39;Worst Of This Two-Week Decline Is Behind Us,&#39; Says Analyst

Royal Caribbean Cruises Ltd. Common Stock

Royal Caribbean Group

RCL Foods Ltd

Financial giants have made a conspicuous bearish move on Royal Caribbean Gr. Our analysis of options history for Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $215,819, and 5 were calls, valued at $358,135.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $145.0 for Royal Caribbean Gr during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Royal Caribbean Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Royal Caribbean Gr's significant trades, within a strike price range of $110.0 to $145.0, over the past month.
<h3>Royal Caribbean Gr Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714581184_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/24/24</td>
<td>$27.5</td>
<td>$25.8</td>
<td>$25.8</td>
<td>$110.00</td>
<td>$103.2K</td>
<td>48</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$23.85</td>
<td>$23.0</td>
<td>$23.0</td>
<td>$145.00</td>
<td>$99.0K</td>
<td>148</td>
<td style="text-align: right;">51</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$16.5</td>
<td>$16.05</td>
<td>$16.35</td>
<td>$120.00</td>
<td>$98.1K</td>
<td>293</td>
<td style="text-align: right;">60</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$21.1</td>
<td>$19.9</td>
<td>$21.1</td>
<td>$145.00</td>
<td>$75.9K</td>
<td>135</td>
<td style="text-align: right;">54</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$5.55</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$140.00</td>
<td>$55.0K</td>
<td>5.7K</td>
<td style="text-align: right;">169</td>
</tr>
</tbody>
</table>

<h3>About Royal Caribbean Gr</h3>
Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with eight more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.
Having examined the options trading patterns of Royal Caribbean Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Royal Caribbean Gr's Current Market Status</h3>
<ul>
<li>With a volume of 1,521,655, the price of RCL is down -2.31% at $136.4. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 85 days.</li>
</ul>
<h3>What The Experts Say On Royal Caribbean Gr</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $162.2.
<ul>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Royal Caribbean Gr, targeting a price of $160. </li>
<li>Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Royal Caribbean Gr with a target price of $168. </li>
<li>An analyst from Barclays has decided to maintain their Overweight rating on Royal Caribbean Gr, which currently sits at a price target of $154. </li>
<li>Reflecting concerns, an analyst from Mizuho lowers its rating to Buy with a new price target of $164.</li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Royal Caribbean Gr, targeting a price of $165. </li>
</ul>
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 Royal Caribbean Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Royal Caribbean Gr Options Trading: A Deep Dive into Market Sentiment

WIIM

Shares of cruise stocks are trading lower in sympathy with Norwegian Cruise Line Holdings, which issued soft FY24 guidance.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$190.00</td>
<td>$96.3K</td>
<td>23.7K</td>
<td>97.2K</td>
</tr>
<tr>
<td>GRWG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.50</td>
<td>$144.4K</td>
<td>410</td>
<td>1.8K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$40.00</td>
<td>$26.2K</td>
<td>10.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/10/24</td>
<td>$139.00</td>
<td>$448.0K</td>
<td>19</td>
<td>1.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$170.00</td>
<td>$25.4K</td>
<td>9.8K</td>
<td>672</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$70.00</td>
<td>$74.1K</td>
<td>2.6K</td>
<td>630</td>
</tr>
<tr>
<td>UA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$39.9K</td>
<td>2.5K</td>
<td>594</td>
</tr>
<tr>
<td>EXPE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$125.00</td>
<td>$439.5K</td>
<td>358</td>
<td>300</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$90.00</td>
<td>$126.8K</td>
<td>307</td>
<td>286</td>
</tr>
<tr>
<td>KMX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$108.3K</td>
<td>1.1K</td>
<td>238</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on May 3, 2024. Parties traded 432 contract(s) at a $190.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $96.3K, with a price of $223.0 per contract. There were 23777 open contracts at this strike prior to today, and today 97250 contract(s) were bought and sold. 
• For GRWG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>), we notice a call option sweep that happens to be bullish, expiring in 262 day(s) on January 17, 2025. This event was a transfer of 1926 contract(s) at a $3.50 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $144.4K, with a price of $75.0 per contract. There were 410 open contracts at this strike prior to today, and today 1890 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a put option sweep with bearish sentiment. It expires in 52 day(s) on June 21, 2024. Parties traded 750 contract(s) at a $40.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $35.0 per contract. There were 10937 open contracts at this strike prior to today, and today 1015 contract(s) were bought and sold. 
• Regarding RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we observe a call option trade with neutral sentiment. It expires in 10 day(s) on May 10, 2024. Parties traded 1000 contract(s) at a $139.00 strike. The total cost received by the writing party (or parties) was $448.0K, with a price of $448.0 per contract. There were 19 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option sweep with bearish sentiment. It expires in 262 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $170.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $1273.0 per contract. There were 9831 open contracts at this strike prior to today, and today 672 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on May 3, 2024. Parties traded 331 contract(s) at a $70.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $74.1K, with a price of $224.0 per contract. There were 2631 open contracts at this strike prior to today, and today 630 contract(s) were bought and sold. 
• Regarding UA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>), we observe a call option sweep with bullish sentiment. It expires in 262 day(s) on January 17, 2025. Parties traded 570 contract(s) at a $7.50 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $39.9K, with a price of $70.0 per contract. There were 2583 open contracts at this strike prior to today, and today 594 contract(s) were bought and sold. 
• For EXPE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), we notice a put option trade that happens to be bullish, expiring in 416 day(s) on June 20, 2025. This event was a transfer of 300 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $439.5K, with a price of $1465.0 per contract. There were 358 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a call option sweep that happens to be bullish, expiring in 416 day(s) on June 20, 2025. This event was a transfer of 122 contract(s) at a $90.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $126.8K, with a price of $1040.0 per contract. There were 307 open contracts at this strike prior to today, and today 286 contract(s) were bought and sold. 
• Regarding KMX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>), we observe a put option sweep with bearish sentiment. It expires in 262 day(s) on January 17, 2025. Parties traded 172 contract(s) at a $65.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $108.3K, with a price of $630.0 per contract. There were 1135 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CVNA

GRWG

SBUX

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Corporate <a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt">earnings came to the market&#8217;s rescue in the past week,</a> helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally&#8217;s momentum going. 
The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) the outlier. The social media giant&#8217;s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company&#8217;s massive AI investment plans. 
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordable EV. 
With the earnings season now halfway through, the percentage of S&amp;P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages, <a href="https://insight.factset.com/sp-500-earnings-season-update-april-26-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-04-26-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdateapril262024">said </a>FactSet in a report.
The blended first-quarter earnings growth of S&amp;P 500 companies is estimated at 3.5%, up from the 0.6% growth estimated in the week ended April 19, the financial data analytics firm said. If the trend holds, the S&amp;P 500 companies are on track to report earnings growth for the third straight quarter.
Of the 11 S&amp;P sector classes, eight sectors reported year-over-year earnings growth, led by communication services, utilities, IT, and consumer discretionary sectors. On the other hand, healthcare, energy, and materials have reported year-over-year earnings declines.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Look Ahead: The unfolding week will see 175 S&amp;P 500 companies and 6 Dow 30 components releasing their quarterly scorecards. The earnings roster includes two Magnificent Seven companies, namely Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), e-commerce retailers, payment processors, restaurants, and energy and REIT companies.
Earnings from Apple and Amazon could be market-moving, given the weighting of these stocks in the S&amp;P 500 Index. Also, Apple is considered a bellwether, given its exposure to consumers. Morgan Stanley&#8217;s Erik Woodring expects Apple to report a slightly beat but guide June quarter revenue down. 
Investors are likely to keep a close eye on performance in China, Apple&#8217;s updated capital return framework, and capital expenditures, the analyst said.
That said, the analyst is positive on the stock ahead of its annual Worldwide Developers&#8217; Conference due on June 10th. &#8220;With Apple&#8217;s biggest WWDC event on June 10th, we&#8217;d buy post-earnings weakness,&#8221; he said.
Amazon will likely continue to report double-digit sales and profit growth in the first quarter, according to Telsey Advisory Group analyst Joseph Feldman. The analyst premised his optimism on the strength of online spending, gains from expanded merchandise and faster fulfillment, and stabilization (and growth) of AWS. 
&#8220;Importantly, we expect [a] greater focus on profits supported by the growth of higher margin categories and services, such as advertising, media, and AWS (partly helped by AI-related upgrades), the redesigned distribution network&#8230;.. and cost savings,&#8221; he said.
Notable among the <a href="https://www.benzinga.com/calendars/earnings">companies reporting earnings this week</a> are:
Monday 
<ul>
<li>Before the bell: JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Koninklijke Philips N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>), SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
<li>After the close: F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>), Everest Group, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Qiagen N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QGEN#NYSE">QGEN</a>), Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>), Sanmina Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>), Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>), McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>)</li>
<li>After the close: Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Unum Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>). Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>), RenaissanceRe Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>), Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>), Chesapeake Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>)</li>
</ul>

Wednesday 
<ul>
<li>Before the bell: Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>), The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>), The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>), Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>)</li>
<li>After the close: Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>), C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), Kulicke and Soffa Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), MetLife, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), NETGEAR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>), Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>), Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>), Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: ArcelorMittal S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>), ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>), Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), Kimco Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>), Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>)</li>
<li>After the close: Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>), DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Reinsurance Group of America, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>), Pioneer Natural Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>), Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>), Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</li>
</ul>
Friday 
<ul>
<li>Before the bell: American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), Cboe Global Markets, Inc. (CBOE: CBOE), Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>), The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>), XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $508.26, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech stocks, rose 1.54% to $431.
Read Next: <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports">US Energy Stocks Fall Following Oil Giants&#8217; Subdued Earnings Reports</a>

Wells Fargo analyst Daniel Politzer maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Overweight and raises the price target from $153 to $159.

Price Target

Analyst Ratings

Wells Fargo Maintains Overweight on Royal Caribbean Gr, Raises Price Target to $159

Barclays analyst Brandt Montour maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Overweight and raises the price target from $154 to $165.

Barclays Maintains Overweight on Royal Caribbean Gr, Raises Price Target to $165

Susquehanna analyst Christopher Stathoulopoulos maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Positive and raises the price target from $150 to $160.

Susquehanna Maintains Positive on Royal Caribbean Gr, Raises Price Target to $160

Mizuho analyst Ben Chaiken maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Buy and raises the price target from $164 to $168.

Mizuho Maintains Buy on Royal Caribbean Gr, Raises Price Target to $168

Royal Caribbean Cruises Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) reported first-quarter 2024 revenue growth of $3.73 billion, a 29.2% year-over-year increase, <a href="https://www.benzinga.com/pressreleases/24/04/n38425099/royal-caribbean-group-reports-first-quarter-results-and-increases-full-year-guidance-on-continued-">beating the analyst consensus estimate of $3.7 billion</a>.
Passenger ticket revenues rose 34% Y/Y to $2.54 billion versus last year.
Total cruise operating expenses were $2.06 billion versus $1.79 billion a year ago.&nbsp;
Gross Cruise Costs per Available Passenger Cruise Days (APCD) increased 5.1%.
Gross margin yields increased 60.3% as-reported, and net yields increased 19.3% in constant currency versus first-quarter 2024.
Operating income for the quarter jumped 175% to $750 million, with an operating margin of 20.1%.
The occupancy rate in first-quarter was 107% versus 102.1% last year.
Royal Caribbean held $437 million in cash and equivalents as of March 31, 2024.
Adjusted EPS of $1.35 <a href="https://www.benzinga.com/calendars/earnings">beat the consensus</a> estimate of $1.33.
As of March 31, the group&#8217;s customer deposit balance was $6 billion.  
Royal Caribbean CEO Jason Liberty called it &#8220;a great start to the year,&#8221; citing growing demand for the company&#8217;s &#8220;outperformance in the first quarter, a further increase of full year earnings guidance, and 60% expected earnings growth year over year.&#8221;
Outlook: Royal Caribbean expects FY24 net yields to increase 9% to 10% in constant currency vs. 2023.
RCL raised its FY24<a href="https://www.benzinga.com/pressreleases/23/02/n30760190/royal-caribbean-group-reports-2022-results-and-provides-forward-guidance"> </a>adjusted EPS guidance <a href="https://www.benzinga.com/news/earnings/24/02/36891243/whats-going-on-with-royal-caribbean-cruises-stock-thursday">from $9.50 &#8211; $9.70 </a>to $10.70 &#8211; $10.90 against the consensus of $10.06.
The company sees second-quarter net yields to increase 10.20% to 10.70% in constant currency. RCL sees adjusted EPS of $2.65 &#8211; $2.75.
Price Action: RCL shares are trading higher by 1.56% at $138.70 at the last check Thursday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation &#8211; &#8216;The Worst Possible Outcome For The Fed&#8217;</a>

Royal Caribbean Executive Says New-To-Cruise Continues To Grow, Increasing 16% YoY

Royal Caribbean Executive Says Expects To Further Reduce Leverage To Just Below Mid-3X By The End Of 2024

Global

Royal Caribbean Executive Says Bookings Have Been Outpacing Last Year By A Wide Margin On A Weekly Basis Despite Having Less Inventory Remaining For Sale

Royal Caribbean Executive Says Regarding The Situation In The Red Sea Co Has Rerouted Some Spring Cruises; Regarding The Situation In The Red Sea Co Has Contingency Plans For A Few Other Sailings That May Be Impacted In The Fall; The Caribbean Largest Product Group, Represents 55% Of Booked Position For 2024

Royal Caribbean Executive Says Co Returned To The China Market This Month

Royal Caribbean shares are trading higher after the company raised its 2024 adjusted EPS guidance above estimates and reported better-than-expected Q1 2024 financial results.

Guidance

Royal Caribbean Raises 2024 Adj. EPS Guidance To $10.70-$10.90 vs $10.06 Est.

Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) reported quarterly earnings of $1.35 per share which beat the analyst consensus estimate of $1.33 by 1.5 percent. The company reported quarterly sales of $3.728 billion which beat the analyst consensus estimate of $3.693 billion by 0.95 percent. This is a 29.22 percent increase over sales of $2.885 billion the same period last year.

Earnings Beats

Royal Caribbean Gr Q1 2024 Adj EPS $1.35 Beats $1.33 Estimate, Sales $3.728B Beat $3.693B Estimate

The back-and-forth motion in the market continues, with the index futures pointing to a lower opening on Thursday. Meta Platforms, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/news/earnings/24/04/38416273/meta-platforms-q1-earnings-highlights-facebook-owner-beats-estimates-but-guidance-higher-costs-ding">lukewarm second-quarter revenue guidance </a>and commentary regarding investment punctured the stock, while International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) also fell on earnings. The tech space could come under pressure as traders digest these disappointments.
More tech earnings are on tap on Thursday, led by AI stalwart Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)
Also weighing down on sentiment would be apprehensions regarding two key data due for the week. The first read of the first-quarter GDP data (Thursday) and the personal income and spending report (Friday), will be in the spotlight as the market strives to make sense of growth and inflation trajectories ahead of next week&#8217;s Federal Reserve&#8217;s monetary policy meeting.
 Futures Performance On Thursday ( as of 5:50 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.81%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.48%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.31%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.47%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Thursday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) slipped 0.43% to $503.24,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.78% to $423.20, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Past Session:
Early optimism triggered by positive reactions to earnings from Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Texas Instruments, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) tempered over the course of Wednesday&#8217;s session. Mixed earnings reports and economic worries kept sentiment subdued for much of the session, and this led to a mixed close for the day.
The tech-heavy Nasdaq Composite and the S&amp;P 500 Index ended the session marginally higher, pulling notably off the day&#8217;s high reached in early trading. The former moved in a roughly 205-point range and the latter gyrated between 5,047.02 and 5,089.48, a roughly 43-point intra-day move. Nevertheless, the indices have been higher for a third straight session now.
Weighed down by a 2.87% pullback in Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares following its earnings release, the Dow Jones Industrial Average ended modestly lower. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.10%</td>
<td>15,712.75</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.02%</td>
<td>5,071.63</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.11%</td>
<td>38,460.92</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.36%</td>
<td>1,995.43</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The growth conundrum of whether the economy is going to see a hard or soft landing, has kept investors skewed toward quality stocks, <a href="https://www.morganstanley.com/ideas/thoughts-on-the-market-wilson?subscribed=true&amp;dis=em_2024424_wm_5ideasarticle&amp;et_mid=585156&amp;et_mkid=&amp;sfmc_id=201810710">said </a>Morgan Stanley&#8217;s Chief Equity Strategist Mike Wilson in a podcast. &#8220;The largest risk for stocks more broadly is higher 10-year Treasury yields as investors begin to demand a larger term premium due to higher inflation and the growing supply of bonds to pay for the endless deficits,&#8221; he said.
&#8220;Our primary concern for equities at this point is that aggressive fiscal spending has led to better economic growth but it keeps upward pressure on inflation and prevents the Fed from cutting interest rates that many economic participants desperately need at this point.&#8221;
The analyst recommended investors look into under-appreciated sectors. &#8220;This is all in-line with our 2024 outlook that suggests the major equity indices are overvalued while the best opportunities are likely beneath the surface in underappreciated sectors like energy that are positively levered to stickier inflation and higher interest rates.&#8221;
Fund Strat&#8217;s Tom Lee, however, is optimistic. In his weekly commentary, the analyst noted that the S&amp;P 500 and equities rebounded over the past two days, rising more than 2%. &#8220;The S&amp;P 500 closed solidly above the critical 5,019.20 to 5,070.55. In our view, this is confirmation that the worst of this two-week decline is behind us,&#8221; he said.
Upcoming Economic Data:
The Bureau of Economic Analysis is due to release its<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38405106/us-economy-expected-to-grow-2-5-in-q1-not-a-hard-landing-and-hardly-a-soft-one"> first-quarter GDP data (advance estimate) </a>at 8:30 a.m. EDT. Economists, on average, expect the economy to have expanded 2.2%, slower than the 3.4% pace in the fourth quarter. Traders may also keep an eye on the GDP price deflator and the price consumption expenditure index to gauge inflation trends.
The Labor Department will release the customary jobless claims data at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits is expected at 215,000 for the week ended April 20, up slightly from 212,000 in the previous week.
The National Association of Realtors is scheduled to release its pending home sales index for March at 10 a.m. EDT, with consensus calling for an unchanged reading following the 1.6% increase in February.
The Treasury will auction four- and eight-week bills at 11:30 a.m. EDT and seven-year notes at 1 p.m. EDT.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures </a>
Stocks In Focus: 
<ul>
<li>Meta and IBM fell 12.5% and 8.5%, respectively, <a href="https://www.benzinga.com/premarket">in premarket trading </a>following quarterly earnings announcement.</li>
<li>Other stocks moving on earnings are ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) (down about 4.5%), Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) (up over 8%), O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) (down 4%), Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) (up over 12.5%), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) (up about 2.5%) and Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) (up about 2.5%).</li>
<li>Altria Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), AstraZeneca Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>), Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), CMS Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>), Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), Harley-Davidson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>), Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) and STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">companies reporting their earnings ahead of the market open.</a></li>
<li>Notable names reporting after the close include Alphabet, Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>), Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>), Microsoft, Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), Teladoc Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>), T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>).</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures continued to trade under the $83-a-barrel mark and gold futures were seen consolidating just above the $2,330 level.
The 10-year note yield, held firm around the 4.64% ahead of Friday&#8217;s inflation data.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) weakened by about 3.50% and traded shy of the psychological barrier of $64,000.
Most major Asian markets, with the exception of the Chinese, Hong Kong and Indian markets, pulled back, as traders positioned themselves for Friday&#8217;s U.S. inflation data. The Australian and New Zealand markets remained closed for a public holiday.
The European markets fell in early trading, adding to the losses they made on Wednesday. The Euro STOXX 50 Index was down 0.44% at the last check.
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/24/04/38410454/treasury-yields-reach-5-month-high-lift-mortgage-rates-expert-warns-federal-debt-">Treasury Yields Reach 5-Month High, Lift Mortgage Rates; Expert Warns &#8216;Federal Debt Blob Is Out Of Control&#8217;</a>
Image via Shutterstock

US Stocks Brace For Negative Start Amid Tech Earnings Disappointments, Caution Ahead Of Data: 'Worst Of This Two-Week Decline Is Behind Us,' Says Analyst

Deep-pocketed investors have adopted a bullish approach towards Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RCL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Royal Caribbean Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 12% bearish. Among these notable options, 3 are puts, totaling $88,892, and 5 are calls, amounting to $371,354.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $160.0 for Royal Caribbean Gr, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Royal Caribbean Gr'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 Royal Caribbean Gr's whale activity within a strike price range from $105.0 to $160.0 in the last 30 days. 
<h3>Royal Caribbean Gr Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713901535_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$21.4</td>
<td>$21.0</td>
<td>$21.2</td>
<td>$125.00</td>
<td>$190.7K</td>
<td style="text-align: right;">185</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$24.6</td>
<td>$23.55</td>
<td>$23.77</td>
<td>$120.00</td>
<td>$95.2K</td>
<td style="text-align: right;">256</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$34.25</td>
<td>$32.4</td>
<td>$33.27</td>
<td>$105.00</td>
<td>$33.2K</td>
<td style="text-align: right;">653</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$6.55</td>
<td>$6.35</td>
<td>$6.45</td>
<td>$136.00</td>
<td>$32.2K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$11.0</td>
<td>$10.8</td>
<td>$10.8</td>
<td>$135.00</td>
<td>$30.2K</td>
<td style="text-align: right;">568</td>
<td style="text-align: right;">90</td>
</tr>
</tbody>
</table>

<h3>About Royal Caribbean Gr</h3>
Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with 8 more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.
Having examined the options trading patterns of Royal Caribbean Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Royal Caribbean Gr Standing Right Now?</h3>
<ul>
<li>With a volume of 1,747,649, the price of RCL is up 3.99% at $137.25. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 2 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Royal Caribbean Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on RCL Options

In its upcoming report, Royal Caribbean (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) is predicted by Wall Street analysts to post quarterly earnings of $1.30 per share, reflecting an increase of 665.2% compared to the same period last year. Revenues are forecasted to be $3.64 billion, representing a year-over-year increase of 26.3%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts&#39; collective reassessment of their initial projections during this period.
Prior to a company&#39;s earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts&#39; projections for specific key metrics can offer valuable insights.
In light of this perspective, let&#39;s dive into the average estimates of certain Royal Caribbean metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, &#39;Revenues- Onboard and other&#39; should come in at $1.18 billion. The estimate suggests a change of +19.8% year over year.
The consensus among analysts is that &#39;Revenues- Passenger ticket&#39; will reach $2.45 billion. The estimate suggests a change of +29.4% year over year.
The collective assessment of analysts points to an estimated &#39;APCD (Available passenger cruise days)&#39; of 12,311.44 Days. Compared to the current estimate, the company reported 11,233.49 Days in the same quarter of the previous year.
Analysts&#39; assessment points toward &#39;Occupancy Rate&#39; reaching 106.6%. Compared to the present estimate, the company reported 102.1% in the same quarter last year.
Analysts predict that the &#39;Passenger Cruise Days&#39; will reach 13,130.53 Days. Compared to the present estimate, the company reported 11,474.74 Days in the same quarter last year.
Based on the collective assessment of analysts, &#39;Net Cruise Costs Excluding Fuel per APCD&#39; should arrive at $133.63. The estimate is in contrast to the year-ago figure of $124.70.
Analysts expect &#39;Net Cruise Costs per APCD&#39; to come in at $158.61. Compared to the present estimate, the company reported $151.54 in the same quarter last year.
Analysts forecast &#39;Passengers Carried&#39; to reach 2,053.82 thousand. The estimate is in contrast to the year-ago figure of 1,806.27 thousand. 
Over the past month, shares of Royal Caribbean have returned -5% versus the Zacks S&amp;P 500 composite&#39;s -4% change. Currently, RCL carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future.
<a href="https://www.zacks.com/stock/news/2259124/insights-into-royal-caribbean-rcl-q1-wall-street-projections-for-key-metrics?cid=CS-BENZ-FT-fundamental_analysis|nfm_preview-2259124">To read this article on Zacks.com click here.</a>

Insights Into Royal Caribbean Q1: Wall Street Projections for Key Metrics

Top 50 stocks with the highest sensitivity to interest rates changes - GS

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The Defiance Hotel, Airline, and Cruise ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/cruz-stock-quote/">CRUZ</a>) is up by approximately <a href="https://investorplace.com/stock-quotes/cruz-stock-quote/">25% year-over-year</a>, illustrating the robust growth embedded in <a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">cruise stocks</a>. However, what goes up must come down, which is why I believe a minor correction in cruise stocks is due. Moreover, the Dow Jones Industrial Average has slipped by more than <a href="https://www.spglobal.com/spdji/en/indices/equity/dow-jones-industrial-average/#overview">3% month-to-date</a>, suggesting a broad-based stock market correction is in motion, which adds systematic headwinds to cruise stocks.



Although a slight retreat is probable, I&rsquo;m a lifelong optimist. As such, a drawdown will open up numerous value gaps in the cruise stock arena. Additionally, the northern summer is approaching, which phases fundamental tailwinds into the equation.



Considering the aforementioned, here are three cruise stocks that could present excellent &ldquo;buy-the-dip&rdquo; opportunities.



<h2>Carnival Corporation (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>Carnival&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ccl-stock-quote/">CCL</a>) endured a torrid time during the COVID-19 lockdowns. I recall some of the company&rsquo;s corporate debt offerings yielding between&nbsp;<a href="https://www.barrons.com/articles/carnival-debt-yield-norwegian-royal-caribbean-51664576030" target="_blank">14% and 16%</a>, which was scary at the time as it reflected sectoral liquidity issues. However, re-openings paired with solid managerial execution dragged&nbsp;<a href="https://seekingalpha.com/symbol/CCL/profitability" target="_blank">Carnival&rsquo;s income statement</a>&nbsp;back into respectable territory, leading to a year-over-year stock price surge of <a href="https://investorplace.com/stock-quotes/ccl-stock-quote/">more than 70%</a>.



Despite having reached greener fields, Carnival&rsquo;s stock has slipped by more than 10% in the past month.&nbsp;This&nbsp;communicates the risks mentioned in the introduction and conveys a technical retreat.



How can I be sure that CCL stock&rsquo;s slump is technical? Well, Carnival&rsquo;s fundamentals remain robust. For example, the company recently surpassed its first-quarter earnings estimates by tabling a $10 million revenue beat and an earnings-per-share (<a href="https://investorplace.com/stock-quotes/eps-stock-quote/">EPS</a>) beat of four cents. Moreover, Carnival recorded&nbsp;<a href="https://seekingalpha.com/news/4084338-carnival-non-gaap-eps-of-0_14-beats-0_04-revenue-of-5_41b-beats-10m" target="_blank">$7 billion</a>&nbsp;in customer deposits in the quarter, surpassing its previous first-quarter record by 5.38x. Therefore, a technical correction is the most likely reason for CCL stock&rsquo;s recent slump.



The stock&rsquo;s technical retreat leaves intrinsic value on the table. Carnival&rsquo;s <a href="https://seekingalpha.com/symbol/CCL/valuation/metrics">forward price-to-sales ratio of&nbsp;0.78x</a>&nbsp;conveys scalability and absolute value. Additionally, Carnival&rsquo;s forward price-to-earnings ratio of 16.36x shows significant improvement over its 12-month trailing price-to-earnings ratio of 47.33x.



As the introduction mentions, a broad-based stock market retreat is likely in motion, adding headwinds to CCL stock. However, this looks like a tremendous buy-the-dip opportunity!



<h2>Lindblad Expeditions (LIND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/cruise-line-stocks-300x169.jpg" alt="A close-up shot of a woman wearing a straw hat with a cruise ship in the background. Cruise stocks are in the news again today."><div>Source: Andy Dean Photography / Shutterstock.com</div></div>A key attraction of Lindblad (NASDAQ:<a href="https://investorplace.com/stock-quotes/lind-stock-quote/">LIND</a>) expeditions is its breadth of services. The firm offers charters accommodating between <a href="https://en.wikipedia.org/wiki/Lindblad_Expeditions#:~:text=Lindblad%20Expeditions%20(Lindblad%20Expeditions%2DNational,from%2028%20to%20150%20guests.">15 and 150 guests</a> via its fleet of 15 ships. This provides Lindblad with lucrative revenue diversification and price discrimination abilities.



Lindblad stock has <a href="https://investorplace.com/stock-quotes/lind-stock-quote/">shed about 35%</a> of its value since the turn of the year, communicating fundamental headwinds. Much of Lindblad&rsquo;s demise is due to a recently announced <a href="https://seekingalpha.com/news/4076902-lindblad-expeditions-files-300m-mixed-securities-shelf">$300 million</a> shelf offering. In addition, Lindblad&rsquo;s fourth-quarter earnings report revealed an <a href="https://seekingalpha.com/news/4072940-lindblad-expeditions-gaap-eps-of-0_53-misses-0_25-revenue-of-125_36m-misses-1_83m">earnings-per-share miss of 25 cents</a>, dragging its stock down even further.



You might be asking why on earth I&rsquo;d be bullish about LIND stock&rsquo;s prospects.



I&rsquo;m positive about Lindblad&rsquo;s stock because I focus on trajectories instead of isolated results. For example, despite delivering below-par estimate-relative results, Lindblad&rsquo;s full-year revenue settled at $569.5 million, surging by <a href="https://seekingalpha.com/pr/19637289-lindblad-expeditions-holdings-inc-reports-2023-fourth-quarter-financial-results-and-full-year?hasComeFromMpArticle=false">35% year over year</a>. Moreover, Lindblad&rsquo;s segment available guest nights increased by 33%, while its net yield per available guest increased by 12%. 



The abovementioned figures illustrate telling momentum. In fact, I&rsquo;m willing to bet that they&rsquo;ll proliferate when the northern summer is in full swing.



Lastly, consider that Lindblad stock has a <a href="https://seekingalpha.com/symbol/LIND/valuation/metrics">forward price-to-sales ratio of 0.63x</a>, which suggests that absolute value is in store. Market-based headwinds can have a temporary impact, but key metrics imply that LIND stock is a recovery play of note!



<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>I&rsquo;ve tracked Royal Caribbean (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>) closely, partially because I&rsquo;m interested in booking a cruise and also because I&rsquo;m impressed by its stock.



CCL stock has <a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">risen nearly 3%</a> in the past month,&nbsp;sending it above&nbsp;its 10-, 50-, 100-, and 200-day&nbsp;<a href="https://seekingalpha.com/symbol/RCL/momentum/performance" target="_blank">moving averages</a>. However, given the broad-based stock market headwinds, a break in its trend-line will likely occur. A slight drawdown would&nbsp;provide investors with&nbsp;an excellent contrarian investment opportunity; here&rsquo;s why.



I want to start by saying that Royal Caribbean&rsquo;s primary influencing variables are aligned. For instance, the firm upgraded its guidance last month due to a strong wave season that led to <a href="https://seekingalpha.com/news/4093976-royal-caribbean-hikes-guidance-after-strong-wave-season-results">net yields of&nbsp;19.3%</a>.&nbsp;This&nbsp;led to Royal Caribbean setting its full-year earning-per-share guidance between $10.7 and $10.9, significantly higher than the street&rsquo;s $10 consensus.



Furthermore, Royal Caribbean has best-in-class profitability metrics, allowing it to exercise economies of scale. For example, Royal Caribbean&rsquo;s return on&nbsp;<a href="https://seekingalpha.com/symbol/RCL/profitability">common&nbsp;equity ratio of&nbsp;52.61%</a>&nbsp;is approximately 3.63x above the sector median. I cannot stress Royal Caribbean&rsquo;s profitability metrics enough, as they contribute to &ldquo;throughout the economic cycle&rdquo; shareholder returns.



Lastly, Royal Caribbean&rsquo;s stock is well-placed from a capital markets perspective. As an example, RCL&rsquo;s <a href="https://seekingalpha.com/symbol/RCL/valuation/metrics">forward price-to-earnings ratio of&nbsp;13.13x</a>&nbsp;is at a sector median discount of about 17%.



RCL stock is a gem!



On the date of publication, Steve Booyens 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&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for institutional equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve has passed all CFA Levels and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace form an interesting juxtaposition between mainstream opinion and objective theory. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/stock-market-crash-alert-3-must-buy-cruise-stocks-when-prices-plunge/">Stock Market Crash Alert: 3 Must-Buy Cruise Stocks When Prices Plunge</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Stock Market Crash Alert: 3 Must-Buy Cruise Stocks When Prices Plunge

Royal Caribbean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) stock has extended gains from the past year after beating estimates in the first quarter of 2024. The cruise giant is be...

Royal Caribbean Stock (NYSE:RCL): Undervalued and Outperforming

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Wall Street is keeping a close eye on analyst reviews and price targets for stocks during this earnings season. Therefore, recent <a href="https://www.marketbeat.com/ratings/by-issuer/barclays-stock-recommendations/">Barclays price targets</a> on a trio of companies signal a bullish stance. Whether it&rsquo;s renewed faith in a company&rsquo;s growth trajectory or an acknowledgment of its resilience amid market turbulence, these stocks have captured the attention of analysts.



Price revisions often provide valuable foresight, and upward adjustments signify potentially promising growth narratives. With that information, let&rsquo;s discuss three Barclays price targets so that you can make better-informed decisions aligned with your financial objectives.



<h2>Iridium Communications (IRDM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/iridium-communications-irdm-1600-300x169.jpg" alt="the Iridium Satellite Communications logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div>Iridium Communications (NASDAQ:<a href="https://investorplace.com/stock-quotes/irdm-stock-quote/">IRDM</a>) provides global satellite communications services. The company operates a constellation of low-earth orbit satellites for global voice and data connectivity.



<a href="https://investor.iridium.com/2024-04-18-Iridium-Announces-First-Quarter-2024-Results">Robust growth in service revenue</a> propelled Iridium&rsquo;s first quarter fiscal 2024 results. While total revenue declined 1% year-over-year (YOY) to $204 million due to lower equipment sales, recurring revenue from Iridium&rsquo;s expanding subscriber base increased 7% YOY. Billable subscribers surged 14%, highlighting growing demand for Iridium&rsquo;s mission-critical applications. Earnings-per-share (EPS) doubled to 16 cents, reflecting management&rsquo;s ability to leverage its scalable network and expand its margins.



In early April, Iridium announced its <a href="https://investor.iridium.com/2024-04-02-Iridium-Completes-Satelles-Acquisition-Introduces-Iridium-Satellite-Time-and-Location-STL">Satelles acquisition</a>, an important step in its quest for leadership in highly secure satellite-based time and location services for 5G base stations and data centers. Meanwhile, Iridium&rsquo;s real-time services are expected to gain further traction in mobile device applications, including watches and tablets.



Yet year-to-date (YTD), <a href="https://investorplace.com/2024/04/3-value-stocks-to-buy-at-52-week-lows/">IRDM stock is down</a> 24%. Shares are currently changing hands at a valuation of 42.5 times forward earnings and 5 times trailing sales. Investors could regard a potential decline towards $30 as a better entry point.



<h2>KLA Corporation (KLAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/klac-stock-1-300x169.jpg" alt="a KLA sign in a garden"><div>Source: Valeriya Zankovych / Shutterstock.com</div></div>KLA Corporation (NASDAQ:<a href="https://investorplace.com/stock-quotes/klac-stock-quote/">KLAC</a>) offers process control and yield management solutions for the semiconductor and nanoelectronics industries. KLAC is a market share leader in the wafer inspection space. It also holds patents protecting its competitive market positioning in process control and defect recognition technology.



On April 25, KLAC delivered <a href="https://ir.kla.com/news-events/press-releases/detail/474/kla-corporation-reports-fiscal-2024-third-quarter-results">third quarter fiscal 2024</a> results that beat analyst estimates. Revenue came in at $2.36 billion, down 3% YOY, while adjusted EPS declined 4% YOY to $5.26. Management issued an upbeat fourth quarter guidance, calling for adjusted EPS growth of 15% during the period.



KLA Corporation has seen strong demand for its process control solutions across chip manufacturing operations. This growth highlights the importance of its solutions in ensuring yield optimization and process control within the <a href="https://investorplace.com/industries/technology/semiconductor/">semiconductor industry</a>. AI tailwinds could mean further growth in the wafer inspection market due to growing need for new process controls from customers.



In addition, the <a href="https://investorplace.com/hot-topics/self-driving-cars/">autonomous vehicle space</a> is likely to become another growth driver in the coming years. Given the looming risk of accidents caused by potential technological defects, KLAC has significant potential to become a supplier for leading automobile companies in the self-driving car market with its established product portfolio.



So far this year, KLAC has gained 22%. The stock currently trades at a forward price-to-earnings (P/E) ratio of 35x and a trailing price-to-sales (P/S) ratio of 10x, suggesting a premium valuation among its peers in the semiconductor space. Long-term investors could consider buying the dips in KLAC shares.



<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>With a strong brand reputation, Royal Caribbean Cruises (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>) is well-positioned to capitalize on the recovery of the cruise industry.



In its <a href="https://presscenter.rclcorporate.com/press-release/206/q1-2024-earnings/">first quarter fiscal 2024</a> results, RCL&rsquo;s revenue jumped 29% YOY to $3.7 billion, driven by higher occupancy levels and strong booking trends. Adjusted EPS came in at $1.77, compared to a 23 cent loss per share in the prior-year quarter. Analysts points out the metrics&nbsp;reflect the hospitality company&rsquo;s potential to drive operational efficiencies and leverage its scale as travel demand recovers.



In addition, Royal Caribbean Cruises&rsquo; robust profitability in a historically sluggish quarter highlights the pent-up demand for cruise vacations. The company enjoyed strength in onboard spend during the industry&rsquo;s &ldquo;wave&rdquo; season, when cruise lines offer promotional deals after the holidays. Load factors in the first quarter were 107%, while net yields jumped 19% due to rising ticket prices.



As a result, RCL stock is up nearly 9% YTD. Record bookings continue to provide strong momentum for 2024. Management&rsquo;s full year guidance calls for 60% YOY growth in adjusted EPS.&nbsp;Meanwhile, shares are changing hands at a relatively favorable valuation of 13 times forward earnings and 2.5 times trailing sales.



On the date of publication, Tezcan Gecgil 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;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>
<div>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/barclays-just-raised-its-price-target-on-these-3-stocks/">Barclays Just Raised Its Price Target on These 3 Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Barclays Just Raised Its Price Target on These 3 Stocks

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Though travel and <a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">cruise stocks</a> have yet to return to their pre-Covid-19 levels, 2024 may be the year of vacations. According to U.S. cruise operators and travel agents, travelers have <a href="https://www.reuters.com/business/travelers-ready-set-sail-cruises-record-levels-next-year-2023-12-04/">booked record levels of cruise tickets</a>, surpassing 2019&rsquo;s numbers. This marks a return of interest and trust in the cruise ship industry after pandemic-era controversies.



However, not all cruise lines are created equal, with some achieving returns to profitability faster than others. Moreover, with the industry&rsquo;s revenue projected to hit $30 billion in 2024, cruise line stocks could become lucrative investment opportunities. For investors, there are two major factors to look for when considering cruise stocks.



The first is overall financial health, which is measured by the company&rsquo;s debt-to-income ratios and revenue costs. With cruise ships being <a href="https://www.cruisehive.com/how-much-does-it-cost-to-fuel-a-cruise-ship/101033">expensive to procure, own and operate</a>, many cruise lines don&rsquo;t have the widest margins. The second is the cruise line&rsquo;s reputation for value, service and quality. Cruises tend to be expensive forms of vacation for most travelers, meaning that reputation is everything for increasing revenue over time.



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



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/nclh-1600-300x169.png" alt="Norwegian Cruise Line ship docked in Saint Petersburg. NCLH stock."><div>Source: Nazar Skladanyi / Shutterstock</div></div>With a congregation of three award-winning brands across a combined 32 ships, Norwegian Cruise Line Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/nclh-stock-quote/">NCLH</a>) has been making a steady comeback since 2022. Because its vessel sizes range from 500 to over 4,000 berths, the company has a ship for every itinerary type.&nbsp;



Moreover, to remain competitive, NCLH consistently introduces <a href="https://www.ncl.com/cruise-ship/prima">new vessels alongside the revitalization of older ones</a>. By continuously enhancing offerings, the company believes it will be able to satisfy customers and entice them into coming back. This is meant to support profitability even as prices rise with operating costs. NCLH pairs this improvement focus with the high-class reputation of its brands to maximize revenue generation.&nbsp;



So far, it seems this business model has been working for NCLH as the cruise industry recovers. For example, the company raised total annual revenue by <a href="https://www.nclhltd.com/investors/sec-filings/all-sec-filings/content/0001558370-24-001935/nclh-20231231x10k.htm#Item16Form10KSummary_718715">$3.7 billion in 2023 to $8.5 billion</a>, up from $4.8 billion in 2022. Though it&rsquo;s still operating at a loss, record bookings and interest in cruises could boost the stock after its next earnings call.



<h2>Royal Caribbean Cruises (RCL)&nbsp;</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>Renowned for its innovative approach to cruising, Royal Caribbean Cruises (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>), the world&rsquo;s second-largest cruise line, has built significant momentum in the last year. Thanks to tremendous demand and 2023 being an exceptional year, RCL stock has returned to its <a href="https://finance.yahoo.com/quote/RCL/">pre-pandemic trading rate of $135</a>, and is still growing.



For the full year of 2023, the company reported a positive net income of $1.7 billion, translating to $6.31 per share. This is impressive considering its biggest competitor, Carnival Cruise Lines (NYSE:<a href="https://investorplace.com/stock-quotes/ccl-stock-quote/">CCL</a>), is currently reporting losses per share. Moreover, it has reported the <a href="https://www.rclinvestor.com/press-releases/release/?id=1687">five best booking weeks</a> in company history since its Q3 2023 earnings call.



Much of this generous growth can be attributed to the cruise line&rsquo;s strong marketing and reputation for good value. It earned this reputation by focusing on providing the widest array of experiences for customers while maintaining quality standards.



<h2>Lindblad Expeditions Holdings (LIND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/lind-1600-300x169.png" alt="National Geographic Endurance ship in Norway. Small ship from Lindblad Expeditions. LIND stock."><div>Source: Arild Lilleboe / Shutterstock</div></div>A premium provider in the world of cruises, Lindblad Expeditions Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/lind-stock-quote/">LIND</a>) operates a different kind of travel experience. By specializing in nature <a href="https://cruiseindustrynews.com/cruise-news/2023/11/lindblad-and-national-geographic-expand-extend-deal-through-2040/#:~:text=Under%20the%20new%20agreement%2C%20the,rights%20to%20the%20National%20Geographic">expeditions partnered with</a> National Geographic, LIND appeals to adventurous travelers. As such, it markets itself to those with a desire to see the remote parts of the world in style.



Charting voyages to and around Antarctica, LIND&rsquo;s target market is vastly different from other cruises. That&rsquo;s because it offers more one-of-a-kind experiences to wealthier people than the major cruise companies. This makes it somewhat of a black sheep among cruise stocks, as its growth relies on consumers with niche interests rather than the sheer volume of classic cruise ships.



The company also operates a diverse mix of land-based itineraries, as well as charter flights across the <a href="https://www.expeditions.com/destinations/new">Drake Passage to Antarctica</a>. This portfolio allows LIND to command the attention of explorers and tourists alike, as it has few competitors in the commercialization of Antarctica.



On the date of publication, Viktor Zarev&nbsp;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;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/all-aboard-3-cruise-line-stocks-to-ride-the-vacation-boom/">All Aboard: 3 Cruise Line Stocks to Ride the Vacation Boom</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

All Aboard: 3 Cruise Line Stocks to Ride the Vacation Boom

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