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NCL over 19% up now.!
If only CCL could do this on results day.!
That would be £13.56.!
A rising tide lifts all boats.
Cruise stocks were sailing higher early Tuesday after Norwegian Cruise Line Holdings said it expects to report a surprise profit in the first quarter amid record demand.
Norwegian posted a wider-than-expected loss in the fourth quarter but investors only had eyes for its strong 2024 outlook.
The stock rose 13% shortly after the open, while Royal Caribbean was up 5% and Carnival climbed 8%. The sector had a stellar 2023 but all three stocks have faced choppy waters early this year—Carnival and Norwegian were both down 20% in 2024 through Monday’s close, while Royal Caribbean was down 8% for the year.
After a strong rally last year—Royal Caribbean’s 162% gain was the third best performance in the S&P 500 behind Nvidia and Meta Platforms —investors were starting to question whether the sector had any more room to run.
The recent pullback and Norwegian’s earnings Tuesday suggest the rally can pick up where it left off last year.
Norwegian said its booked position is currently at an record high due to healthy consumer demand. Norwegian said it has enjoyed some of the best booking weeks in its history since Black Friday in November last year. It ended 2023 with an advanced ticket sales balance of $3.2 billion—56% higher than at the end of 2019.
Norwegian said it expects to post an unexpected profit in the first quarter. It sees adjusted earnings per share (EPS) of 12 cents in the first quarter, compared with expectations of a 20 cents per share loss, while full-year EPS guidance of $1.23 is narrowly ahead of estimates.
The cruise operator reported an adjusted loss of 18 cents per share on revenue of $1.99 billion in the fourth quarter. Analysts were expecting an adjusted loss of 12 cents per share on revenue of $1.96 billion, according to FactSet data.
“We are determined to capitalize on our recent achievements and take advantage of the positive momentum and strong demand for cruise, which resulted in turning the year at record highs in both our booked position and pricing,” CEO Harry Sommer said.
.
Sun.
We need $24 by the end of march.
$24 please.
I actually thought yesterday, I should sell CCL and buy NCL for today, and then buy CCL back.
That would have been a nice 14% rise.!
Well, the good news is that I was wrong, and I like being wrong when it goes in our direction for once, of course, it's dropped 30p from the high anyway, so I was sort of right LOL
Another 10% and I can be even. Woohoo..... on this round of buying.
It will drop to 1096 before recovering........
Watch........!!!!!!!!
I recon, after the US Opens, we will drop 30p and then recover.
Bets are on.!
Betterlife.
NO.
Head in the sand please.
We ned a Covid 30%+ day then you can breathe. Until then, hold your breathe........ :-)
Https://www.marketwatch.com/investing/stock/nclh
NCL Now 10.48% up as I type.!
It's now up 6.5% - NCL Pre Market.
You know what that means. As soon as the us opens, we are going to dive.........and NCL will be bright red.
Interesting.!
It was free to read when I posted it.!
I just went back in and it's now asking for subscription.!
Obviously we have both used our "free" trial.!
So, no, apologies, I cannot post the article, as I also don't have a subscription.
It opened 14p down.
I'm getting good at this.!
Just wish I could do the same during the day.!
We closed at $15.07
It's currently $14.88
19c drop
13.5p drop for us in the morning.
WooHoo
This time around, I'm in at £12, just below.
Of course, in fairness I made a chunk several times previously, I have also lost out on making more as well.!
We are now at $14.85 in the US
We closed at $15.07
This is why I move money around, as I get way to frustrated at this cr*p and end up missing out.
Crude has dropped.
Profits are at record highs
Revenue is at record highs
I'm just going to stick my head in the sand for a month and come up when we have the Q1 results.
Well.
CCL obviously needs some of that as well.
NCL are now 0.83% up.!
2% up to 1% down when all other means of travel is flying.
WTF
All UK Travel currently vertical rises, all straight up.
Just for the fun of it, I thought I would look at CCL for the one month prediction as well.
$19.11.!....that's nearly a $4 rise.... or approx. £2.75
https://coincodex.com/stock/CCL/price-prediction/