Carnival Corp. (CCL, Financial) stock experienced a notable rise today, increasing by 3.92% to reach a price of $18.02. This upward movement reflects investor enthusiasm about the company's financial position and market prospects.For the third quarter of the 2024 fiscal year, which ended on August 31, Carnival (CCL, Financial) showcased a robust performance. The company reported a 14% increase in revenue, achieving a total of $7.9 billion. Operating income saw a substantial rise of 34% to $2.2 billion, whil ...

Lower interest rates will positively affect it.Carnival Corp. (CCL 3.92%) (CUK 4.47%) stock gained 12% in September according to data provided by S&P Global Market Intelligence. Investors are getting more excited about its potential in a lower interest rate environment.A once-in-a-lifetime experienceCarnival is the world's largest cruise operator, and it was a strong market-beating stock before the pandemic. It has made incredible progress in its rebound, but there are some obstacles to overcome.Revenue and ...

Last March, I initiated my coverage of Carnival Corporation & plc (NYSE: CCL ) (NYSE: CUK ) ( OTCPK:CUKPF ) with a buy rating due to its potential to generate record profits this year on the back of strong demand for cruises.As a former managing editor at a financial media publication focused on mid and small caps, I am using my experience to present investment opportunities in undervalued companies. My experience, combined with my academic background in financial markets and institutions, allows me to brin ...

Steven Cress is VP of Quantitative Strategy and Market Data at Seeking Alpha. Steve is also the creator of the platform’s quantitative stock rating system and many of the analytical tools on Seeking Alpha. His contributions form the cornerstone of the Seeking Alpha Quant Rating system, designed to interpret data for investors and offer insights on investment directions, thereby saving valuable time for users. He is also the Founder and Co-Manager of Alpha Picks, a systematic stock recommendation tool design ...

The stock remains stuck at port.One of the industries most hurt by the COVID-19 pandemic was the cruise industry, as cruise ship operators by and large suspended operations. With the pandemic-era lockdowns now long in the rearview mirror, however, passengers have been flocking back.One company benefiting from this trend is Carnival Corp. (CCL 3.92%) (CUK 4.47%). However, the stock is still well below where it traded before the pandemic.Carnival recently reported results for its fiscal third-quarter (ended A ...

Shares have soared since the start of 2023.Carnival (CCL 3.92%) (CUK 4.47%) has been making a comeback. Since the start of 2023, shares have skyrocketed 115% (as of Oct. 1). That gain is well ahead of the S&P 500 index's rise over the same period.But this top cruise line stock still has a lot of catching up to do. It currently trades 75% below its all-time high from January 2018. Does this mean buying Carnival shares today could potentially set you up for life? Here's what investors should know.Carnival's s ...

Carnival shares have advanced about 29% so far this year.After the tumultuous seas of early pandemic days, Carnival (CCL 3.92%) (CUK 4.47%) has sailed into calm waters. The world's biggest cruise operator recently reported a quarter filled with records, beat analysts' earnings estimates, and raised full-year guidance for a third time.The recipe for such success? Carnival has put the focus on controlled spending, cost savings in key areas such fuel, and has made efforts to increase guests' onboard spending.A ...

I went shopping for some Wall Street bargains in September.The market was rolling in September, and I was buying into that strength. With interest rates heading lower, I had way too much of my portfolio parked in money market funds. I started to move some of that cash into stocks.Some of the stocks I bought last month include Sirius XM Holdings (SIRI -3.66%), PDD Holdings (PDD -0.41%), and Carnival (CCL -1.16%). Let's take a closer look at why I'm willing to risk the safety of cash for the opportunity these ...

Here is one stock with buy rank and strong value characteristics for investors to consider today, October 3:Carnival Corporation & plc (CCL) : This leisure travel services provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.6% over the last 60 days.Carnival Corporation & plc has a price-to-earnings ratio (P/E) of 14.16 compared with 23.11 for the S&P. The company possesses a Value Scoreof A.See the full list of top ranked stocks here. L ...

The status of cruise operations was in the spotlight after unionized dockworkers at ports along the East and Gulf coasts hit the picket lines on Tuesday. While cargo at many major ports has been disrupted since the beginning of the International Longshoremen’s Association (ILA) strike, the union said last week that its members would "continue to work passenger cruise vessels" during the work stoppage."We understand that many families plan and pay for cruise vacations on passenger ships more than a year out, ...