Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Group 1: Carnival (CCL) - Carnival has rebounded significantly from pandemic lows but remains 64% down from its five-year highs, indicating potential for growth if outstanding issues are resolved [2] - The company reported a net income of $1.7 billion in the fiscal third quarter, but profitability has been inconsistent, with expectations of a negative fourth quarter [2] - Carnival's debt peaked at nearly $35 billion, and while it has paid off some, it will take years to return to pre-pandemic levels, with management focusing on increasing free cash flow to manage debt repayment [3] - High demand for cruises is evident, with bookings through most of next year at record levels, and lower interest rates may facilitate debt refinancing [4] - If Carnival can improve its profit and debt management, the stock could potentially double again in the next two years [4] Group 2: Pinterest (PINS) - Pinterest has seen a resurgence in revenue growth, with quarterly revenue growth exceeding 20% year over year for two consecutive quarters, driven by recovery in the digital ad market and new AI features [5][6] - The platform's unique shopping-oriented user engagement has led to a doubling of outbound clicks to advertisers, enhancing its appeal [6] - Monthly active users have increased by 12% year over year, reaching 522 million, primarily from international markets, indicating significant global growth potential [7] - Pinterest's forward P/E ratio is reasonable at 23 for this year's earnings estimate, with potential for substantial share price increases if it meets Wall Street's expectations [7] Group 3: Opendoor Technologies (OPEN) - Opendoor's stock has declined 95% from its post-IPO peak due to the housing market collapse, but signs of recovery are emerging as the Federal Reserve lowers interest rates [8] - Current annual existing home sales are approximately 4 million, down 40% from pre-pandemic levels, but normalization could benefit Opendoor's business model [9] - The company has streamlined operations post-layoffs, which may enhance profitability, and the stock trades under $2, presenting a potential for doubling if market conditions improve [9]

Contrary to a common assumption, not every good stock is now miles above its pandemic-prompted low.The steep sell-off Carnival (CCL 0.20%) stock suffered when the COVID-19 pandemic first took hold in early 2020 made sense at the time. After all, even if people had been allowed to travel, most of them wouldn't have wanted to. Carnival's business collapsed, pushing it into the red for well over a year.The fact that shares are still down 67% from their pre-pandemic peak and (more or less) in line with 2020's l ...

Core Viewpoint - The average brokerage recommendation (ABR) for Carnival (CCL) is 1.51, indicating a consensus leaning towards a "Strong Buy" [1] - Despite the positive ABR, reliance solely on brokerage recommendations may not be prudent due to potential biases [2][3] Brokerage Recommendation Trends for Carnival - The ABR is based on 22 brokerage firms, with 17 recommendations classified as "Strong Buy" and one as "Buy," representing 77.3% and 4.6% of total recommendations respectively [1] - Studies indicate that brokerage recommendations often exhibit a strong positive bias, with five "Strong Buy" ratings for every "Strong Sell" [2][3] Zacks Rank vs. ABR - Zacks Rank is a proprietary tool that categorizes stocks based on earnings estimate revisions, providing a more reliable indicator of near-term stock performance compared to ABR [4][5] - The Zacks Rank is timely and reflects the latest earnings estimates, while ABR may not always be up-to-date [6] Earnings Estimate Revisions for Carnival - The Zacks Consensus Estimate for Carnival's earnings has increased by 12.4% over the past month to $1.28, indicating growing analyst optimism [7] - The increase in consensus estimates, along with other factors, has led to a Zacks Rank of 1 (Strong Buy) for Carnival, suggesting potential for stock price appreciation [7]

Carnival has been rallying of late -- but can it go even higher?The travel industry has been doing well in recent years as consumer demand for vacations has remained relatively resilient despite high inflation. Whether pent-up demand or some other factor boosting the industry, many travel companies are doing just fine.One stock that might look particularly good is Carnival (CCL 0.94%). The cruise ship operator has been routinely posting record numbers as demand is through the roof. Last month, it posted rec ...

Cruise stocks got a lift from a Wall Street analyst following Carnival's earnings.Shares of cruise lines stocks rallied this week, with Carnival Corp. (CCL 0.84%) (CUK 0.54%), Royal Caribbean Cruises (RCL 0.92%), and Norwegian Cruise Line (NCLH 0.20%) up 12.9%, 8.3%, and 14%, respectively, through Thursday at 1:27 p.m. ET, according to data from S&P Global Market Intelligence.Cruise lines had been battered by the COVID-19 pandemic, but have been digging themselves out of their respective debt holes for the ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Carnival (CCL) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Carnival is one of 272 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within the Zacks Sector Rank. Th ...

Have you been paying attention to shares of Carnival (CCL) ? Shares have been on the move with the stock up 22.1% over the past month. The stock hit a new 52-week high of $20.45 in the previous session. Carnival has gained 9% since the start of the year compared to the 0.4% move for the Zacks Consumer Discretionary sector and the 16.4% return for the Zacks Leisure and Recreation Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't miss ...

On a day when the benchmark S&P 500 index hit a record high, Carnival Corporation's NYSE: CCL popping 7% to its highest level in more than 2 years says a lot. As one of the hardest hit industries during the COVID pandemic, cruise lines have been closely watched in recent years to see if they can get back to pre-pandemic levels. So far, though they've managed some solid runs, this has proved an elusive goal, but there's an argument to be made that some cruise stocks, and Carnival in particular, have never lo ...

After surviving a brutal pandemic shutdown, it has made a dramatic comeback.Carnival Corp. (CCL 7.05%) has experienced a huge rebound since the pandemic. After shutdowns left it without a significant revenue source for over a year, massive debts and a long process of returning to normalcy left its stock without an obvious catalyst.However, Carnival's ships are again packed, and bookings are at record highs. Such conditions should prompt investors to take a closer look at the cruise line stock.The Carnival c ...