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WILL CARNIVAL CRUISE LINE ($CCL) CONTINUE TO SAIL HIGHER?! 50%+🚢 WILL CARNIVAL CRUISE LINE ( NYSE:CCL ) CONTINUE TO SAIL HIGHER?! 50%+ Potential! 🚢 NYSE:CCL had a rough ride during the COVID pandemic as everyone stayed home, not vacationing, and definitely not cruising. But could it be ready for a massive comeback? In my latest video, I break down the "High Five Setup" trading strategy, the ascending triangle breakout, and when to possibly enter this exciting trade. Trade Idea: Entry: $20 Exit: $17.88 PT1: $26 PT2: $30.64 Thanks for watching and for all the support! Let me know what stock or video you want to see next. LIKE | FOLLOW | SHARE Not financial advice. #StockMarket #Trading #Investing #CarnivalCruise #HighFiveSetup
NYSE:CCLLong
by RonnieV29
6
Carnival Corporation (NYSE: CCL) Q3 Earnings PreviewAs Carnival Corporation (NYSE: CCL) prepares to report its Q3 earnings today, September 30th, 2024, before the market opens, investors are eager to see if the company can continue its positive momentum. Following a strong Q2 performance where Carnival beat analysts’ revenue estimates by 1.9%, the company has set high expectations for Q3. In this article, we will analyze both the technical and fundamental aspects of Carnival's stock, helping investors understand what to expect and how the market may react. Q3 Expectations and Broader Market Sentiment Carnival’s Q2 2024 earnings were a resounding success. The cruise giant reported revenues of $5.78 billion, up 17.7% year on year, surpassing expectations. Passenger cruise days also saw a significant increase, reaching 24.3 million, an 11.5% growth over the previous year. These solid figures reflected the company's resilience and recovery in a post-pandemic environment. For Q3, analysts expect revenues to grow by 14.1% year-on-year to $7.82 billion, albeit at a slower pace compared to the explosive 59.2% growth seen in Q3 2023. Adjusted earnings per share (EPS) are projected at $1.15. Analysts have largely reconfirmed their estimates for Carnival over the last month, suggesting confidence in the company’s ability to meet its guidance. However, Carnival has missed revenue expectations twice in the past two years, keeping investors cautious. Meanwhile, positive sentiment surrounding the consumer discretionary sector has driven average stock prices up by 4.9% in the past month, with Carnival outperforming the sector, climbing 14.6% over the same period. In terms of valuation, the average analyst price target for Carnival stands at $28, representing significant upside potential from its current share price of $18.72. With a healthy balance sheet, Carnival is also well-positioned for share buybacks, adding further value to shareholders if management chooses to repurchase shares at attractive levels. Technical Analysis: A Balanced Picture with Cautious Optimism From a technical perspective, Carnival’s stock has been in a generally bullish trend, currently trading above its key moving averages. As of this morning’s premarket session, NYSE:CCL is up 0.86%, showing investor confidence heading into the earnings release. The relative strength index (RSI) for CCL stock stood at 62 last Friday, indicating a positive sentiment but not yet at overbought levels. This suggests that there’s room for further gains if Carnival delivers strong earnings today. However, there are potential risks on the horizon. The stock has been trading in a rising channel pattern for some time, which is generally bullish, but recent candlestick formations indicate a possible cooldown. This has raised concerns about a near-term correction, especially if earnings disappoint. A negative earnings surprise could trigger a selloff, with the stock potentially dropping back to its recent 1-month lows. Conversely, a positive earnings beat could drive Carnival’s stock to new highs, pushing past resistance levels and potentially sparking further momentum as institutional investors pile in. The next critical resistance level sits around $22, while support is closer to $16.50. Industry Tailwinds: Cruise Sector Recovery Despite short-term technical concerns, Carnival remains well-positioned within the broader travel and cruise industry. Cruise demand has surged in 2024 as pent-up demand from the pandemic has fueled consumer interest in leisure travel. Carnival has capitalized on this by raising its FY2024 guidance and providing optimistic commentary on FY2025. In fact, many of Carnival's peers in the travel and cruise segment have reported similar trends, showing strong demand and improving profitability. Additionally, inflation has started to ease, and fuel costs, a significant expense for cruise operators, have remained relatively stable. This should benefit Carnival’s operating margins moving forward. Conclusion Carnival Corporation’s Q3 earnings report will serve as a critical indicator of the company’s future trajectory. While the company has shown resilience with strong revenue and passenger growth, the market will be watching closely to see if this momentum continues into the latter half of 2024. From a technical standpoint, the stock appears poised for further gains, but bearish signals warrant caution. A strong earnings beat could push NYSE:CCL to new highs, but a disappointing report may trigger a near-term pullback. Fundamentals remain solid with promising industry tailwinds and analyst confidence, making Carnival a stock to watch closely in the coming days. Investors should keep an eye on both the earnings report and the stock’s price action post-release to gauge market sentiment and adjust their strategies accordingly. Whether Carnival can continue its upward trajectory or faces short-term volatility, one thing is certain: all eyes are on the cruise giant as it sets sail into Q3 earnings.
NYSE:CCLLong
by DEXWireNews
CCLDisclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:CCLLong
by Kaviarasu_Chandrasekar
CCL, clearing pathway for an UPSIDE reversal..CCL is registering notable buying volume at the current price range. Accumulation for an upside valuation is certainly apparent. Key notes: - Weekly downtrend line break. - Weekly histogram higher lows creation - Significant Net buy / accumulation Expect some price growth from the current price levels of 9.0 TAYOR Safeguard capital always. ------------------------ Some Fundamental news for reference: Quarterly financials FEB 2023 (USD) Feb 2023 Y/Y Revenue 4.43B 173.14% Net income -693M 63.35% Diluted EPS -0.55 66.87% Net profit margin -15.63% 86.58% Operating income -171M 88.48% Net change in cash -546M 78.37% Cash on hand - - Cost of revenue 2.57B 74.98%
NYSE:CCLLong
by JSAL
16
RiskMastery's Red Flag Stocks - CCL EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at NYSE:CCL ... I believe this code is at a point of potential volatility. If price can hold below $15.12 ... Bearish potential may be unlocked. My key downside targets include: - $13.73 (Conservative) - $11.45 (Medium) - $8.87 (Aggressive) If however price breaks above $16.96 ... Bullish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NYSE:CCLShort
by RiskMasteryOfficial
Carnival Cruises to New Heights Amidst Surge in DemandCarnival Corporation ( NYSE:CCL ) is riding a wave of record-breaking demand for cruise vacations, propelling the company to raise its annual profit forecast and solidify its position as a leader in the cruise industry. As travelers increasingly opt for sea-bound adventures over traditional land-based holidays, Carnival is experiencing an unprecedented surge in bookings, setting the stage for a landmark year of growth and profitability. With cruise operators witnessing all-time high booking rates, Carnival ( NYSE:CCL ) is capitalizing on this trend by delivering exceptional results in the first quarter of the year. CEO Josh Weinstein expressed delight at the company's stellar performance, citing "record bookings and record customer deposits" as indicators of a promising start to the year. This sentiment was echoed by Carnival's robust first-quarter revenue, which soared by 22% to $5.41 billion, in line with analysts' expectations. Notably, Carnival's bookings for the remainder of 2024 are on track to surpass previous records, with total customer deposits reaching an impressive $7 billion in the first quarter alone. The company also reported a surge of over 30% in new-to-cruise customers, underscoring the broadening appeal of cruise vacations in today's travel landscape. While Carnival's first-quarter beat was primarily driven by cost efficiencies rather than revenue, the company remains resilient in the face of challenges such as disruptions in the Red Sea region and fluctuating fuel prices. Despite facing headwinds, Carnival's proactive approach to cost management has resulted in significant cost improvements, offsetting the impact of external factors. However, the company has not been immune to unforeseen events, such as the recent collapse of Baltimore's Francis Scott Key Bridge, which is estimated to have an impact of up to $10 million on full-year adjusted EBITDA and adjusted net income. Nevertheless, Carnival remains bullish about its prospects, raising its full-year adjusted profit per share forecast to 98 cents, a testament to its confidence in sustained growth and profitability. Technical Outlook Carnival Cruise ( NYSE:CCL ) is trading with a bullish Relative Strength Index (RSI) of 65.88 indicating the Bullish Trend continues with the chart pattern showing a bullish flag pattern and the candle stick depicting a bullish engulfing. All these signs accentuate the bullish nature of Carnival Cruise ( NYSE:CCL ). As Carnival continues to navigate the complexities of the cruise industry, investors are optimistic about the company's ability to capitalize on the unprecedented demand for cruise vacations and deliver long-term value. With a strong outlook and a commitment to innovation and customer satisfaction, Carnival is poised to chart a course towards a brighter future in the ever-evolving world of travel and leisure.
NYSE:CCLLong
by DEXWireNews
RCL may set up a fall from a rising wedge SHORTRCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects this. Last year price rose in the winder and spring then fell when the summer ended and reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline. It is confluent with the second upper VWAP band line suggesting not much room upside as that line is providing dynamic resistance. The predictive algorithm from Lux Algo designed to forward forecast from a lookback of the regression line to the left predicts a fall from the ascending resistance trendline and the underside of that VWAP line. I will short RCL here and entertain a hedged options trade to insure the short trade. I have shown a peer stock NCLH from the cruise industry. It has not done as well as RCL. If RCL starts falling significantly some traders may move their capital to NCLH and help it rise. I will put NCLH on my watch list along with UAL, AAL, LUV, DAL and LUV as the summer travel season will be underway in another sixty days and trader interest may rise with accumulation and price action to follow.
NYSE:RCLLong
by AwesomeAvani
Carnival Posts Record $21 Billion RevenueThe cruise line posted $12.2 billion in full-year total revenue for 2022. Investors have paid higher prices over time to buy Carnival and the stock is in a rising trend channel. The company experiences positive development and buy interest among investors is increasing. NYSE:CCL has received a positive signal from the moving average indicator, thus signaling a continued rise. An upward breakthrough of $19.30 means a positive signal. NYSE:CCL has strong positive momentum and further increase is indicated. However, particularly for big stocks.
NYSE:CCLLong
by DEXWireNews
1
Waiting for CCL to reach Loading Zones (Technical An) MonthlyGood morning investors. I am personally waiting for CCL to reach the LZ 1 or 2 to enter. Will be happy with an in between entry around $10.50. After predicting a comeback of the Airline Industry now expecting a shift to the upside very soon on the Cruise Lines. Norwegian another cruise line to watch out for. Both companies with major upside potential. This is just technical analysis of course but will also be looking at the fundamentals of these 2 companies. Lots of rumors about a potential collapse on CCL of course all hearsay and speculation, don't really think that will happen at least any time soon, but nonetheless, these 2 companies since COVID have yet to recover, here is what I am predicting, hope you enjoy and only time will tell. Happy Trading everyone!
NYSE:CCLLong
by Vic_Tech_Trader
Carnival PLC’s (NYSE:CCL) Stock Performance TodayCarnival PLC (CCL) Stock Performance and Revenue Growth: Carnival PLC (CCL) is a well-known cruise line company that operates globally. On November 22, 2023, the stock market opened with CCL shares at $14.52, showing a slight increase from the previous day’s closing price of $14.20. Throughout the day, the stock’s price fluctuated between a low of $14.49 and a high of $14.75. The trading volume for the day was 2,368,077 shares, significantly lower than the average volume of 27,925,027 shares over the past three months. The market cap for Carnival PLC is approximately $16.6 billion. Carnival PLC has also experienced substantial revenue growth in the past year, with a growth rate of +537.74%. This growth can be attributed to various factors, including increased demand for cruises and the company’s expansion into new markets. However, it is important to note that the company’s profitability has been a concern. In the previous year, Carnival PLC reported an annual loss of -$6.1 billion, resulting in a net profit margin of -50.07%. The stock’s performance on November 22, 2023, was relatively positive compared to its competitors in the cruise line industry. Norwegian Cruise Line Holdings Ltd. (NCLH) saw a 3.21% increase, Royal Caribbean Cruises Ltd. (RCL) had a 2.20% increase, and Carnival PLC itself experienced a 2.82% increase in stock price. Carnival PLC operates in the consumer services sector, specifically in the hotels/resorts/cruise lines industry. The company’s corporate headquarters are located in Miami, Florida. However, no executives were listed in the provided information. In conclusion, Carnival PLC’s stock performance on November 22, 2023, showed a slight increase compared to the previous day’s closing price. The company has exhibited impressive earnings growth in the past year but is expected to face challenges in the coming years. Investors should closely monitor the next reporting date and the company’s financial performance to make informed investment decisions.
NYSE:CCLLong
by DEXWireNews
NSE:CCL Products - Updated chart key levels 🎚You can check the previous updates CCL Products Ltd (CCL) is in the business of converting raw coffee beans into instant coffee granules/powder. The company is not only India’s largest coffee processor, but it has the world’s largest single location plant and has top private label instant coffee manufacturers across the globe as its clients. While prima facie it looks like a commodity conversion business, unlike tea or other commodities, coffee processing is a specialist job as the flavour and consistency has to be maintained batch after batch irrespective of the input quality or grade. Not many companies have been successful in doing this and hence, globally, coffee business has very little competition and high profitability. Worldwide CCL’s coffee is being consumed at the rate of 1,000 cups per second. CCL exports its processed coffee to more than 90 countries and supports more than 250 brands with sustainable supplies — both quality and quantity. CCL has on offer more than 1000 recipes for the clients to choose from. It has a combined state-of-the-art manufacturing capacity of 35,000 MTPA, which is spread over Duggirala (Guntur District of AP), Kuvvakolli (Chittoor District, AP), Switzerland, and Vietnam. Having succeeded in placing their coffee on the world markets, CCL launched its ‘Continental Coffee’ brand for the Indian market, which should act as a major growth catalyst, going ahead. With the help of its rich experience in the international markets, it has developed 250+ blends, claiming they are superior to its competitors’ blends
NSE:CCLLong
by Peaceful-Weekend-Investing
CCL - Horizontal Trend Channel🔹CCL has broken up from an approximate horizontal trend channel in the medium long term 🔹Inverse head and shoulders formation at the break up through the resistance at 11.10. 🔹Further rise to 19.40 or more is signaled. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:CCLLong
by wavepoint99
3