Key TakeawaysThe S&P 500 added 0.7% on Wednesday, Oct. 9, hitting a record close after the Fed released its September policy meeting minutes.Shares of cruise operators moved higher as Citi analysts highlighted industry tailwinds.After AI optimism helped lift them to record highs last week, shares of several utility stocks lost ground as analysts questioned whether they can maintain their momentum. Major U.S. equities indexes moved higher in the midweek session as the Federal Reserve released minutes from it ...

If you've been sitting on the fence, now might a great time to take the leap.As we get into the last quarter of a stunning year full of records and rebounds, Carnival (CCL 2.91%) (CUK 2.97%) stock is roughly flat year to date. But that's not likely to last. There are a lot of good things happening now at the cruise line operator, and the problems might start to sort themselves out quickly. Here are three reasons to buy Carnival stock before the year runs out.1. Business is at record levelsCarnival continues ...

A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton.Airlines canceled hundreds of flights, theme parks prepared to close some areas and cruise lines shifted routes as Floridians braced for Hurricane Milton's landfall.The Category 4 storm has top sustained winds near 145 miles per hour and is expected to strike Florida's west coast on Wednesday, according to the National ...

One of these stocks is crushing the S&P 500. Should you buy? The cruise ship industry had a miraculous turnaround coming out of the COVID-19 pandemic. After completely shutting down and losing loads of money for multiple quarters, cruise ship demand exploded with vacationers hitting the high seas on these vast floating hotels. Two publicly traded cruise ship stocks are Royal Caribbean (RCL 0.20%) and Carnival (CCL -0.06%). Since the beginning of 2021, both of these companies have seen revenue explode higher ...

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 ...