Streetbeat News

CCL

Carnival Corporation & plc

https://www.carnivalcorp.com

Industry

Leisure

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.

Open

19.41

Mkt cap

26B

Volume

22M

High

19.94

P/E Ratio

13.83

52-wk high

28.72

Low

19.25

Div yield

N/A

52-wk low

13.78

Carnival Corp (NYSE:CCL) shares rose 4.9% as crude oil prices fell over 6%, reducing operating expenses for cruise operators. This drop in oil prices, due to geopolitical events in the Middle East, improves Carnival's financial outlook by lowering fuel costs, a major expense for the company.

Portfolio Pulse from Henry Khederian

October 28, 2024 | 6:23 pm

Cruise company stocks are rising due to a decrease in oil prices, which can lower operational costs.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 5:58 pm

Investor sentiment turned optimistic as oil prices fell, boosting small-cap stocks and cryptocurrencies. The S&P 500, Nasdaq 100, and Dow saw gains, while the Russell 2000 surged 1.5%. Energy stocks weakened, with the Energy Select Sector SPDR Fund (XLE) in the red. Airlines and cruise lines rallied due to lower oil prices.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 5:22 pm

Investors are showing a bearish stance on Carnival (NYSE:CCL) with significant options activity. Benzinga's options scanner detected 16 trades, with 56% being bearish. Analysts have mixed ratings, with price targets ranging from $16 to $28.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 5:16 pm

ASML's earnings leak led to a significant drop in its stock and affected the semiconductor sector, with major players like NVIDIA and Arm Holdings also seeing declines. Energy stocks fell due to a drop in oil prices, while financials and small caps outperformed, driven by strong earnings from banks.

Portfolio Pulse from Piero Cingari

October 15, 2024 | 5:37 pm

Cruise company shares are rising due to reduced fears from Hurricane Milton and a drop in fuel costs, a major expense for the industry.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:44 pm

Oil prices plunged over 5% as Israel assured the U.S. it would not target Iranian oil facilities, easing Middle East tensions. This led to a drop in energy stocks and a rally in airlines and cruise lines due to lower fuel costs.

Portfolio Pulse from Piero Cingari

October 15, 2024 | 2:50 pm

Several large-cap stocks experienced significant gains last week, with notable performances from Astera Labs, Symbotic, MicroStrategy, Affirm Holdings, Uber, Super Micro Computer, Robinhood Markets, Norwegian Cruise Line, Zscaler, Carnival, and Cloudflare. These gains were driven by various factors including product announcements, analyst upgrades, and strategic agreements.

Portfolio Pulse from Lekha Gupta

October 13, 2024 | 2:29 pm

Citigroup analyst James Hardiman maintains a Buy rating on Carnival (NYSE:CCL) and raises the price target from $25 to $28.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 9:31 pm

Wall Street surged with the S&P 500, Dow Jones, and Nasdaq 100 reaching new highs due to a pullback in oil prices and no escalation in the Middle East. The SPDR S&P 500 ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) saw gains. Cruise lines like Norwegian Cruise Line Holdings (NCLH) and Carnival Corporation (CCL) were top performers, while utilities lagged. The Federal Reserve's rate cut debate added to market dynamics.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 8:36 pm

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