Group 1 - The House Edge is recognized as a unique marketplace service in the casino, gaming, and online sports betting sectors, providing superior returns compared to standard analyst guidance [1][2] - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and focuses on actionable research for investments in the casino and entertainment industries [2] - The intelligence network of The House Edge spans various levels within the US gambling and entertainment sectors, enhancing the quality of insights and investment ideas [2] Group 2 - The article emphasizes the importance of management quality in informing investment strategies, highlighting a value investment approach [2]

Market Overview - Major U.S. equities indexes experienced declines as investors reacted to new tariff announcements and a drop in Nvidia shares, which fell 8.5% despite solid earnings [1] - The S&P 500 decreased by 1.6%, while the Nasdaq fell 2.8% due to weakness in technology stocks, and the Dow Jones Industrial Average ended 0.5% lower [2] Company-Specific Developments - Teleflex (TFX) shares dropped 21.7% after announcing plans to split into two companies [2] - Super Micro Computer (SMCI) fell 16% following reports of two officers filing to sell shares, alongside a delayed annual report [3] - Viatris (VTRS) stock declined by 15.2% due to weaker-than-expected earnings and a disappointing outlook, impacted by regulatory actions affecting profits [3] - Vistra Corp. (VST) shares decreased by 12.3% despite better-than-expected earnings, as other AI-related stocks also lost ground [4] - Invitation Homes (INVH) stock rose by 5.5% after reporting quarterly revenue and net income that exceeded analyst estimates [5] - Warner Bros. Discovery (WBD) shares increased by 4.7% after reporting weaker-than-expected earnings but providing a positive streaming outlook [6] - Allstate (ALL) shares rose 3.5% following the announcement of a dividend increase and a $1.5 billion share buyback program [6] - Universal Health Services (UHS) saw a 3.3% increase in shares after reporting better-than-expected earnings and a positive revenue outlook [7]

Core Insights - Norwegian Cruise Line Holdings Ltd. (NCLH) reported strong fourth-quarter 2024 results, with earnings and revenues exceeding the Zacks Consensus Estimate, showing year-over-year growth [1][3][4] Financial Performance - Adjusted earnings per share for Q4 were 26 cents, surpassing the consensus estimate of 11 cents, compared to an adjusted loss of 18 cents in the prior-year quarter [3] - Quarterly revenues reached $2.11 billion, beating the consensus mark of $2.09 billion, and increased from $1.99 billion in the prior-year quarter [3] - Passenger ticket revenues were $1.41 billion, up from $1.33 billion year-over-year, while onboard and other revenues rose to $700.6 million from $653.4 million [4] Cost Management - Total cruise operating expenses decreased by 1.1% year-over-year to $1.31 billion, attributed to lower commissions, transportation, and fuel costs, although partially offset by higher onboard costs and payroll expenses [5] - Gross cruise costs per Capacity Day were $285.92, up from $279.52 in the prior year, while adjusted net cruise costs (excluding fuel) per Capacity Day increased to $157.54 from $150.70 [6] 2024 Highlights - Total revenues for 2024 were $9.48 billion, an increase from $8.55 billion in 2023 [7] - Adjusted EBITDA for 2024 was $2.45 billion, compared to $1.86 billion in 2023, and adjusted earnings per share rose to $1.82 from 70 cents [7] Balance Sheet - As of December 31, 2024, cash and cash equivalents were $190.8 million, down from $402.4 million at the end of 2023, while long-term debt decreased to $11.78 billion from $12.31 billion [8] Booking and Demand - The company reported strong consumer demand across itineraries and brands, with occupancy during the quarter at 104.9% and advance ticket sales balance of $3.2 billion [10] - Bookings are expected to remain optimal into 2025 and 2026 [10] Guidance - For Q1 2025, NCLH anticipates occupancy of approximately 101.5% and adjusted EBITDA of about $435 million, with adjusted EPS predicted to be nearly 8 cents [11] - For the full year 2025, occupancy is expected to be around 103.4%, with adjusted EBITDA projected at nearly $2.72 billion and adjusted EPS at nearly $2.05 [12]

阿里季度盈利下滑，股价下跌。 尽管三季度收入增长不及预期，经调整净利润下滑约 9%，阿里巴巴（BABA.N）财报发布后，美 股盘前依然一度涨约 5%。 同一天国家统计局发布数据称，中国 10 月社会零售品总额同比增长 4.8%、增速环比上月加快 1.6 个百分点，尤其是国补和双十一启动时间提前带动下，家电类商品零售额增长近 40%。宏观消费 数据超预期，带动中概股美股盘前普涨。 阿里自己最近也跌太多了。从 10 月初高点以来，阿里股价下跌超 20%。既因为更早拿到国补的京 东在 9 月带走家电份额，也反映市场担忧阿里对于今年双十一的较大投入影响四季度利润。 业绩会上，阿里高管用 "强劲增长" 形容双十一 GMV，用 "整体超预期" 形容大商家的双十一表 现，还判断政府的消费刺激政策只是刚刚开始，但除此之外的指引和回答大多较为笼统。电话会结 束后，阿里股价由涨转跌。 蚂蚁二季度利润增长 193%。 泡泡玛特再次联名可口可乐。 这次联名的是泡泡玛特（9992.HK）大热 IP "LABUBU"，发售时间为 11 月 21 日 22:00。两年前， 可口可乐（COKE.O）也曾与泡泡玛特的另一 IP "MOLLY" ...