Mon, Apr. 20, 10:50 AM
- Cruise line stocks trade lower after 2015 guidance from Royal Caribbean comes in below expectations.
- Concerns in the sector include higher fuel prices, the impact of a strong U.S. dollar, and tepid demand from European travelers.
- Declliners: Carnival (NYSE:CCL) -0.7%, Carnival ADRs (NYSE:CUK) -1.2%, Norwegian Cruise Line Holdings (NASDAQ:NCLH) -1.7%.
- Previously: Royal Caribbean Cruises beats by $0.06, misses on revenue
- Previously: Royal Caribbean -5.8% after guidance disappoints
Fri, Mar. 27, 9:46 AM
- The cruise sector is rallying hard after Carnival beats on the bottom line and issues strong booking guidance.
- The benefit from lower oil prices during Carnival's quarter appears to have come in even larger than what some analysts forecast.
- Gainers: Norwegian Cruise Line Holdings (NASDAQ:NCLH) +4.4%, Royal Caribbean (NYSE:RCL) +5.0%, Carnival ADRs (NYSE:CUK) +4.9%.
- Previously: Carnival beats by $0.10, misses on revenue
- Previously: Carnival sees large FQ1 benefit from lower fuel costs
Fri, Mar. 6, 8:16 AM| Comment!
Tue, Feb. 24, 9:06 AM| Comment!
Wed, Feb. 18, 11:01 AM| 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
Oct. 20, 2014, 10:10 AM| Comment!
Oct. 7, 2014, 2:45 PM
- Cruise line stocks are skittish after Carnival canceled stops in West Africa due to concerns over the Ebola virus.
- Travel industry analysts think the reaction looks a bit overdone with some of the operators being sold off having very little business in Africa.
- Decliners: Royal Caribbean (NYSE:RCL) -6.4%, Carnival (NYSE:CCL) -4.8%, Norwegian Cruise Line Holdings (NASDAQ:NCLH) -2.5%, Carnival ADRs (NYSE:CUK) -5.5%.
Sep. 23, 2014, 9:41 AM
Sep. 2, 2014, 9:11 AM
Mar. 5, 2014, 8:27 AM| Comment!
May. 20, 2013, 5:38 PMCarnival (CCL) -4.5% AH after warning it expects 2013 EPS of $1.45-$1.65, below prior guidance of $1.80-$2.10 and a consensus of $1.97. The cruise line operator says its net revenue yield will be down 2%-3% in 2013, worse than prior guidance for flat growth, thanks to soft ticket pricing, higher-than-expected trip cancellations, and higher sales/admin costs. It looks as if Hedgeye was right. RCL -1.5% in sympathy. NCLH could also end up falling. | Comment!
May. 6, 2013, 4:26 PM
Mar. 18, 2013, 9:29 AMCarnival's (CCL) Legend made it back into port yesterday after engine troubles limited its sailing speed. Unfortunately, for the company - and perhaps the industry (RCL, NCLH) - politicians have grabbed ahold of the issue. New York Senator Charles Schumer proposed a "Cruise Ship Passenger Bill of Rights" to improve conditions and expectations in the industry. CCL -3.2% premarket. | 2 Comments
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