Tue, Feb. 24, 9:06 AM| Comment!
Thu, Feb. 19, 10:37 AM
- JPMorgan initiates coverage on Norwegian Cruise Line Holdings (NCLH +2.8%) with an Outperform rating.
- The investment firm sets a $58 price target on the cruise line operator.
- Yesterday, a strong read from Norwegian on Q1 bookings helped spark a sector rally.
- Previously: Cruise line stocks higher after Norwegian's booking volume spikes (Feb. 18 2015)
Wed, Feb. 18, 2:32 PM
- Cruise line stocks are getting a lift from strong guidance issued by Norwegian Cruise Line Holdings (NCLH +6.8%).
- The company said booking volume has accelerated significantly over the last three weeks.
- Previously: Rosy guidance lifts Norwegian Cruise Line Holdings
- Gainers: Carnival (NYSE:CCL) +1.6%, Royal Caribbean (NYSE:RCL) +1.1%, Carnival ADRs (NYSE:CUK) +1.7%,
Wed, Feb. 18, 11:01 AM| Comment!
Tue, Feb. 17, 5:03 PM| Comment!
Mon, Feb. 16, 5:35 PM
Fri, Jan. 16, 3:15 AM
- As of today, Americans will be able to visit Cuba without first seeking a license from the Treasury Department, so long as the travel meets certain criteria.
- Reacting to the news yesterday, United Airlines (NYSE:UAL) announced that it planned to seek approval to begin regular service to Cuba from Newark and Houston. Other airlines expressed similar interest.
- What remains unclear is how such an agreement might comply with the 54-year-old U.S. trade embargo, which can only be lifted by Congress and generally prohibits American companies from doing business in Cuba.
- The closed-end Caribbean Basin Fund CUBA is up 0.9% in after-hours trade.
- Related tickers: LUV, AAL, SAVE, RCL, NCLH, CCL,
Mon, Jan. 12, 2:20 PM
Fri, Jan. 9, 10:18 AM| 1 Comment
Dec. 23, 2014, 4:09 PM| Comment!
Dec. 18, 2014, 10:17 AM
- Wells Fargo thinks it will be several years before the cruise line sector benefits from the thawing of U.S. relations with Cuba.
- The investment firm isn't the only one sounding a warning that the sector got ahead of itself with excitement over the Cuba trade.
- The sector is under-performing on the day with a couple of downgrades impacting sentiment.
- Cruise line stocks: Royal Caribbean (NYSE:RCL) -0.4%, Norwegian Cruise Line Holdings (NASDAQ:NCLH) -0.3%, Carnival (NYSE:CCL) +0.6%.
Dec. 17, 2014, 12:27 PM
- While travel to Cuba strictly for tourism purposes remains prohibited for now, the U.S. is now allowing visits for a long list of other reasons, including family visits, journalistic activity, professional research, and educational and recreational activities.
- Also as part of the deal, American travelers will be allowed to import $400 worth of Cuban goods, including up to $100 of tobacco products. The products will not be allowed to be resold.
- This two-year-old profile of Thomas Herzfeld and his Caribbean Basin Fund (CUBA +35.8%) will be of interest. At the time of the article the fund held stakes in a number of companies who would likely see brisk additional business from an opening to Cuba, along with a number of securities - currently valued at zero thanks to the Castro's confiscations - which could rise from the ashes.
- One sector of interest is cruise ship operators: Royal Caribbean (RCL +3.4%), Carnival (CCL +2.7%), Norwegian Cruise (NCLH +1.6%).
- Other holdings of CUBA at the time of the article: Seaboard (SEB +0.7%) and Watsco (WSO +0.6%).
- Previously: U.S. and Cuba move to normalize diplomatic relations (Dec. 17, 2014)
Dec. 11, 2014, 3:54 PM
Nov. 28, 2014, 9:53 AM
Nov. 3, 2014, 7:48 AM| Comment!
Oct. 29, 2014, 4:14 PM| Comment!
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