The post Here’s Why Royal Caribbean, Carnival Stock Are Good Buys appeared on BitcoinEthereumNews.com . For the past two years, since the covid pandemic hit in late-February 2020, the cruise industry has taken one punch after another. And, while the situation has improved from the…
Yes, Carnival reported a bigger-than-expected loss but in this case, unlike taking a cruise, it''s the destination not the journey for the cruise lines.
Carnival has reported poor earnings that spell trouble for its industry. Here''s why CCL and other cruise stocks are falling today.
Shares of Norwegian Cruise Line Holdings Ltd. NCLH, -16.92% dove 12.3% in morning trading Friday, and were the second-worst performer in the S&P 500 SPX, -0.69%, in the wake of rival cruise operator Carnival Corp.’s CCL, -21.52% disappointing fiscal third-quarter results. Carnival’s stock was the S&P 500’s worst performer, tumbling 17.9% toward a 30-year low, […] Norwegian Cruise, Royal Caribbean stocks fall, but are holding up much better than Carnival’s
At the close in the New York Stock Exchange, the Dow Jones fell 1.54%, the S&P 500 fell 2.11% and the NASDAQ Composite fell 2.84%. The leading gainers among the components of the Dow Jones index today were The Travelers Companies Inc, which gained 1.76 points (1.15%) to close at 154.68. Visa Inc Class A rose 0.88 points or 0.49% to close at 180.06. Merck & Company Inc shed 0.14 points or 0.16% to close at 86.64. The losers were Boeing Co shares, which lost 8.11 points or 6.08% to end the session at 125.33. Walgreens Boots Alliance Inc was up 4.97% or 1.65 points to close at 31.55 while Apple Inc was down 4.91% or 7.36 points to end at 142. .48. Among the S&P 500 index components gainers in today''s trading were Everest Re Group Ltd, which rose 3.07% to 267.41, STERIS plc, which gained 2.76% to close at 167.29, and also shares of W. R. Berkley Corp, which rose 2.73% to end the session at 65.18. The biggest losers were CarMax Inc, which shed 24.60% to close at 65.16. Shares of SolarEdge Technologies Inc lost 8.27% to end the session at 235.56.
What happened It’s Thursday, the day after Hurricane Ian made landfall in Florida — and cruise line stocks are hurting. As of 10:30 a.m. ET, shares of Norwegian Cruise Line Holdings (NCLH -3.55%) have shed 4.7% of their value, Carnival Corporation (CCL -4.93%) is down 5.2%, and Royal Caribbean (RCL -4.42%) is leading the sector […] Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Sank Today | The Motley Fool
If Carnival misses on earnings tomorrow, what will that mean for Royal Caribbean and Norwegian Cruise Line Holdings?
Royal Caribbean cruise line has decided that one policy change made during the pandemic era will stay in place.
At the close of the New York Stock Exchange, the Dow Jones fell 0.43% to hit a 52-week low, the S&P 500 index fell 0.21%, and the NASDAQ Composite index rose 0.25%. The leading performer among the Dow Jones index components today was Salesforce Inc, which gained 2.57 points or 1.76% to close at 148.89. Quotes Dow Inc rose by 0.40 points (0.92%), ending trading at 43.79. Home Depot Inc rose 0.79% or 2.11 points to close at 268.69. The losers were shares of McDonald''s Corporation, which lost 7.06 points or 2.90% to end the session at 236.70. Procter & Gamble Company was up 2.75% or 3.73 points to close at 131.98 while Coca-Cola Co was down 2.57% or 1.49 points to close at mark 56.38. Leading gainers among the S&P 500 index components in today''s trading were CF Industries Holdings Inc, which rose 6.10% to hit 95.87, Mosaic Company, which gained 4.15% to close at 48.44, and also shares of Royal Caribbean Cruises Ltd, which rose 3.88% to end the session at 45.75. The biggest losers were Digital Realty Trust Inc, which shed 3.98% to close at 97.73.
Bad weather is looming on the East Coast and that could impact your upcoming cruise, but Royal Caribbean, Carnival, and Norwegian cruise lines have a plan.
The cruise line has slowly been sharing information about its secretive new ship that will be the first of its class.
Stocks tumbled on Friday to close out a brutal week for financial markets as surging interest rates and foreign currency turmoil heightened fears of a global recession. The Dow Jones Industrials withered 486.27 points, or 1.6%, to 29,590.41. The Dow notched a new low for the year and closed below 30,000 for the first time since June 17. The 30-stock index fell 19.9% on an intraday basis and flirted with bear market territory. The S&P 500 retreated 64.76 points, or 1.7%, to 3,693.23, a new 2022 closing low. The NASDAQ Composite moved sharply into the red, 198.88 points, or 1.8%, to 10,867.93. Friday marked the fourth negative session in a row for the major averages. The Fed on Wednesday enacted another super-sized rate hike of 75 basis points and indicated it would do another at its November meeting. The major averages are on pace for their fifth decline in the last six weeks. The Dow has given up about 4.5% this week, while both the S&P tunneled 5.2%, and the NASDAQ fell 5.5%. Shares of APA Corp. dipped 12.3%, and Marathon Oil led the S&P’s losses, slumping 11.3% to lead the S&P’s losses.
People come out to watch the new Carnival Cruise Line ship Mardi Gras as it departs on its maiden voyage, a seven-day cruise to the Caribbean from Port Canaveral, Florida on July 31, 2021. Paul Hennessy | Anadolu Agency | Getty Images Shares of Carnival, Norwegian and Royal Caribbean fell this week after the Federal […] Debt-loaded cruise lines’ shares fall as Fed hikes rate and recession fears grow
The cruise ship operator''s stock is being swamped by broader macroeconomic forces.
Holding billions in debt, cruise companies like Carnival and Royal Caribbean felt the pain of the Federal Reserve''s rate hikes Wednesday.
In its latest SEC filing, Royal Caribbean Cruises (RCL) disclosed that bookings are significantly outpacing 2019 levels, indicating strong demand trends.Bookings have picked up for 2022…
Norwegian cruise line has followed Carnival, which made a similar move, while Royal Caribbean hasn''t exactly followed.
Luxury Cruise Tourism Market 2022-2028 New Jersey, NJ -- ( SBWIRE ) -- 09/21/2022 -- The Latest research study released by HTF MI "Global Luxury Cruise Tourism Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research are AIDA Cruises, American Cruise Lines, Anschutz Corporation, Azamara Club Cruises, Bohai Cruise, Carnival Cruise Line, Celebrity Cruise, Costa Cruise Lines, Cruise Critic, Cunard Line, Disney Cruise Line, Dream Yacht Charter, Genting Hong Kong, Holland America Line, MS Berlin, MSC Cruises, Norwegian Cruise Lines, Oceania Cruises, P&O Cruises, Princess Cruises, Pullmantur Cruises, Regent Seven Seas Cruises, Royal Caribbean, Seabourn, Silversea Cruises (Royal), TUI Cruises & Viking Cruise etc.
The MSC cruise line has a new flagship coming, designed to rival the latest and greatest offerings from Royal Caribbean and Carnival.
SpaceX hosted a demo of its Starlink satellite internet service on a JSX jet last week. People who attended the event said they were able to stream movies and host video chats seamlessly. The demo comes after four major airlines reportedly passed on a deal with SpaceX. SpaceX hosted a demo flight to showcase the capabilities of Starlink satellite internet service on a private jet last week as the internet service vies for more customers. During a one-hour flight from Burbank to San Jose, California, SpaceX demonstrated the capabilities of Starlink to deliver WiFi for Netflix, YouTube, as well as video chats from 30,000 feet in the air, Bloomberg reported. Reporters who attended the media event said the in-flight WiFi hit speeds over 100 Mbs — more than enough connectivity to seamlessly stream videos, surf the internet or even host live video chats. Though, its unclear whether the internet speed would have been slower had it been used on a larger flight with more than 20 to 30 passengers.
Royal Caribbean is making a big change to the cruise line''s drink package and doing something else its customers should really like.
Shares of Norwegian Cruise Line Holdings Ltd. rose 3% in premarket trades Tuesday, as Truist Securities analyst C. Patrick Scholes upgraded the stock to buy from hold and hiked its price target by $1 to $19 a share. With booking volumes and pricing for luxury lines improving, Norwegian Cruise Line is positioned to benefit because about one third of its business serves this market, Scholes said. Truist reiterated a sell rating on Carnival Corp. and raised its price target by $2 to $10 a share. He reiterated a hold on Royal Caribbean Cruises and cut its price target to $58 a share from $65 a share. Shares of Carnival Corp. are up 0.8% in premarket trades. Royal Caribbean stock is rising 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Upstart cruise line Virgin Voyages wants to do everything a little differently than its rivals do.
Royal Caribbean (RCL) stock shot off the blocks to start Monday’s trading after Stifel signaled increasing bullishness on bookings.
The two biggest cruise lines both offer similar things, but there are clear differences that can help you decide which one to book your cruise on.
Frontier CEO told CNBC the airline had discussions with SpaceX about installing Starlink on planes. Barry Biffle said he would add Starlink on Frontier''s fleet when it''s cheap enough. He also told CNBC that Starlink has to be compact and lightweight for the plane. Frontier Airlines will install Elon Musk''s Starlink in its aircraft when the satellite internet service becomes cheaper, CEO Barry Biffle told CNBC . The budget airline recently held talks with SpaceX, owner of Starlink, about potential in-flight WiFi onboard its planes, Biffle said in an interview with CNBC published on Thursday. Frontier doesn''t provide internet to passengers flying, so this would be its first WiFi deal. Biffle told CNBC at an aerospace conference in Washington that Starlink has to be lightweight, compact, and cheaper if the airline was to install it on its fleet. Frontier hasn''t yet been able to find an inflight WiFi option at a reasonable price, Biffle added. "We''re more hopeful now that with Starlink coming in there''s going to be some rationalization of cost and pricing," Biffle said in the interview. "When the price gets cheap enough, I''ll put it on." A monthly subscription price for Starlink costs users $110, according to the company''s website .
MSC wants to make a bigger mark in the U.S. market and while it''s a different experience than what Royal Caribbean offers, it''s generally a compelling one.
The cruise line is adding something that will give it a big edge over Carnival, Norwegian.
Investors have had a sinking feeling about cruise ship stocks since the pandemic started.
SpaceX launched a new — and massive — commercial communications satellite into orbit late Saturday and set a new record for a Falcon 9 launch at the same time. The Falcon 9 was launched into orbit from Pad 39A at NASA’s Kennedy Space Center in Florida with 34 SpaceX on board. Starlink Internet satellites and BlueWalker 3, a satellite prototype built by AST SpaceMobile that has been described as the largest commercial communications suite ever launched into space. The take-off was at 9:20 p.m. EDT (0120 GMT) Saturday night (September 10), with Falcon 9 booster making some SpaceX The date when he returned to Earth. Related: Starlink megaconstellation from SpaceX is launched in pictures A SpaceX Falcon 9 rocket launches from NASA’s Kennedy Space Center’s Pad 39A on September 10, 2022 carrying 34 Starlink satellites and the massive BlueWalker 3 satellite. (Image credit: SpaceX) Jesse Anderson, SpaceX Production Engineering Director, said during direct comment (Opens in a new tab) . The expedition also identified some other records.
The cruise line has been constantly changing and updating its protocols as the conditions of the pandemic have changed.
Cruise stocks are back to their 2020 lows.
The Italian cruise line has big plans for the United States and the involves competing with the biggest players in the game.
Both cruise lines offer "unlimited" alcoholic drink packages, but there are some major differences.
Cruise operator Royal Caribbean is bringing SpaceX''s satellite-based internet service to its cruise ships in what it''s billing as "the biggest public deployment of Starlink''s high-speed internet in the travel industry so far."
Elon Musk''s SpaceX is providing high-speed internet connectivity with Starlink for all of Royal Caribbean''s cruise ships after inking a new deal this week.
Most cruise ships already offer some form of satellite Internet service to guests, but connections are often unreliable, slow and expensive. With any luck…
After SpaceX announced its Starlink Maritime service last month, it was only a matter of time before some household name in boat world went all-in on the satellite service…
After SpaceX announced its Starlink Maritime service last month, it was only a matter of time before some household name in boat world went all-in on the satellite service. Sure enough, today Royal Caribbean Cruise Lines announced it will be adding the service to its whole fleet, after a pilot service on one of its […]
After SpaceX announced its Starlink Maritime service last month, it was only a matter of time before some household name in boat world went all-in on the satellite service. Sure enough, today Royal Caribbean Cruise Lines announced it will be adding the service to its whole fleet, after a pilot service on one of its […]
Royal Caribbean is launching Starlink satellite internet across its fleet. The company said installation of the service will be complete by April 2023. SpaceX just received FCC approval to use its service on moving vehicles in June. Royal Caribbean announced on Tuesday that it plans to launch Elon Musk''s Starlink internet service on its full cruise fleet. The company will be the first in the cruise industry to install the service on its ships. It said that the satellite internet will be deployed immediately and that it anticipates installation across its cruise ships will be finished by April 2023. The company said it performed a trial on one of its ships, Freedom of the Seas, and determined that Starlink performed well enough to adopt the internet service across its entire fleet. Previously, the company had allowed customers to purchase VOOM internet while on board its ships for about $19.99 per day, per device. The cruise industry has historically poor WiFi options for guests. "This technology will provide game-changing internet connectivity onboard our ships, enhancing the cruise experience for guests and crew alike," Jason Liberty, president and chief executive officer of Royal Caribbean Group, said in the press release. "It will improve and enable more high-bandwidth activities like video streaming as well as activities like video calls." In June, the cruise company urged the Federal Communications Commission to approve SpaceX request for permission to use Starlink onboard moving vehicles, including ships and RVs.
The end of pandemic-era protocols creates a whole new set of problems for the cruise industry.
The deadline for submission of bids for debt-ridden Reliance Capital Ltd (RCL) ends on Monday amid concerns of investors over the company''s most-valuable arm Reliance General Insurance Company. IDBI Trusteeship Services Limited acting in its capacity as a debenture trustee on behalf of Credit Suisse, had invoked the pledge of Reliance Capital''s 100 per cent shareholding in Reliance General in November 2019 and transferred the shares to its account. The Administrator wants to include Reliance General as part of RCL''s insolvency process, but the IDBI Trustee has refused to release the shares of the general insurance firm for resolution process under Insolvency and Bankruptcy Code (IBC), sources said, adding, this seems to have hit a roadblock. As a result, investors are cagey about submission of bids in absence over clarity over Reliance General shares, sources said. The Committee of Creditors (CoC) extended the deadline for the submission of bids five times in the past leaving only 4-5 interested entities including Piramal, Torrent, Yes Bank and IndusInd Bank for the resolution of RCL.
Both major cruise lines had decided to welcome unvaccinated guests. Now, they''re making another key covid change.
The cruise line continues to address passenger pain points and it just solved a big one.
Royal Caribbean International''s Spectrum of the Seas holidays from Singapore continue year-round for 2023-24 and include longer cruises.
The S&P 500 rose Wednesday, attempting to recover from a three-day decline, as investors awaited more clarity on the Federal Reserve’s fight against inflation. The Dow Jones Industrials gained 59.64 points, off its daily highs, to end the day at 32,969.23. The S&P 500 moved forward 12.04 points to 4,140.77. The NASDAQ Composite added 50.23 points to 12,431.53. Consumer discretionary, real estate and communication services were the best-performing sectors in the S&P 500. Meanwhile, utilities, materials and consumer staples were market laggards. Cruise lines were among the best-performing stocks in the broader market index. The Norwegian Cruise Line Holdings jumped 8%, Royal Caribbean Group advanced 7%, and Carnival was 5% higher. In contrast, Advance Auto Parts was the worst-performer in the S&P 500, down 9.5%, after missing earnings expectations and lowering its full-year guidance. The three-day Jackson Hole, Wyoming economic symposium starts Thursday with Powell slated to speak Friday morning.
Source: Kokoulina / Shutterstock.com Cruise stocks are racing higher on Wednesday, with the top names all up nicely on the session. As of this writing, Norwegian Cruise Line (NYSE: NCLH ) is up 8%. Meanwhile, Royal Caribbean (NYSE: RCL ) and Carnival Cruise (NYSE: CCL ) are both up more than 5%. With today’s rally, cruise stocks across the board are well off their lows. In fact, at today’s highs, all three stocks shot up more than 30% from their 2022 lows. This morning, Jefferies analysts also noted that prices have been “stabilizing at higher levels,” pointing out notable strength in luxury cruise options. That builds on the idea that experienced cruise-goers will continue to cruise, helping fuel the current move higher. According to a recent survey , 91.4% of surveyed travelers “reported they plan to take a cruise within the next year.” Meanwhile, 2.5% said they would not cruise in the next year. The remaining 6.1% are still undecided. Interestingly, though, cruise stocks lacked upside momentum despite soaring travel trends toward the beginning of summer.
While cruise-ticket prices have generally dropped from prepandemic levels, other costs of cruising have gone up.
The cruise line has done something that may also benefit Royal Caribbean, Carnival, and other cruise lines.