Core Insights - Carnival Corporation & plc (CCL) reported record-breaking booking volumes in Q3 of fiscal 2025, indicating strong consumer demand for cruising and improved pricing power [1][10] - Nearly half of the 2026 sailings are already booked, significantly higher than the previous year, with elevated pricing levels marking the highest forward-booking position in the company's history [1][10] Booking Performance - Both North American and European brands achieved record-high pricing, reflecting strong demand across Carnival's portfolio [2] - Customer deposits reached a record $7.1 billion in Q3, up over $300 million from the prior year, driven by higher ticket pricing and pre-cruise onboard revenue sales [4] - Booking volumes exceeded expectations, allowing the company to raise full-year guidance for the third time in 2025 [5] New Destination Impact - The opening of Celebration Key, Carnival's new Bahamas destination, has contributed to booking strength, with itineraries commanding a premium on ticket pricing [6] - The company expects 2.8 million guests to visit Celebration Key in 2026, enhancing pricing opportunities and forward visibility [7] Financial Outlook - Carnival enters 2026 with record forward bookings, accelerating pricing, and constrained capacity growth, marking the strongest early reservation pace on record [8] - The company is positioned for continued margin expansion and solid free cash flow generation, supported by sustained onboard spending and balance sheet deleveraging [9] Earnings Estimates - The Zacks Consensus Estimate for Carnival's fiscal 2026 EPS has been revised upward from $2.28 to $2.35 over the past 60 days [11] Stock Performance - CCL stock has gained 46.4% in the past six months, outperforming the Zacks Leisure and Recreation Services industry and the S&P 500 Index [16] - CCL is currently trading at a forward 12-month P/E multiple of 12.43, below the industry average of 17.80, indicating an attractive investment opportunity [19] Investment Consideration - The alignment of strong fundamentals, disciplined execution, and a discounted valuation suggests that CCL stock presents a timely investment opportunity [24]

Core Viewpoint - The holiday travel season is expected to boost travel and entertainment spending by 1%, contrasting with a decline in other spending areas, presenting potential investment opportunities in travel stocks [1]. Group 1: Expedia Group - Expedia Group (EXPE) has shown a total return of 129.6% over the last three years, with a year-to-date increase of over 16% and more than 24% in the last three months [2][4]. - The stock is currently trading about 4% above its consensus price target, but bullish price targets of $240 and $250 from Mizuho and BTIG Research suggest further upside potential [3]. - With a forward P/E ratio of around 17x and expected earnings growth of 20% in the next 12 months, the stock is considered undervalued [4]. Group 2: Royal Caribbean - Royal Caribbean (RCL) has delivered a total return of over 765% in the past three years and is up 37% in 2025, driven by strong travel demand and a repaired balance sheet [5][6]. - Despite a recent 12% decline in shares due to profit-taking, analyst sentiment remains bullish with several price targets near or above $400 [6]. - The company has raised its dividend by 25% this year, enhancing its appeal to shareholders as it prepares for the holiday travel season [7]. Group 3: Southwest Airlines - Southwest Airlines (LUV) is projected to experience over 50% earnings growth in the next 12 months, making its forward P/E ratio of 20x noteworthy [9]. - The airline is expected to benefit from rising jet fuel costs and lower interest rates, which may stimulate demand for low-cost domestic travel [10]. - Although LUV stock is down about 3.5% in 2025, upcoming earnings reports and holiday travel demand could present an attractive entry point for investors [11].

Core Viewpoint - The article highlights two undervalued growth stocks, Carnival and Roku, which are positioned for attractive returns as they trade significantly below their previous peaks while experiencing growing demand for their services. Group 1: Carnival - Carnival stock has risen 62% over the last year but remains 60% below its all-time high before the pandemic [2] - The company is a global leader in the cruise industry, with brands including Costa Cruises, Aida, and Princess Cruises, benefiting from strong demand that is driving ticket prices and record revenues [3] - Carnival generated $4.3 billion in operating profit on $26 billion of revenue over the last year, with a recent quarterly record in revenue and profitability, yet trades at just 14 times this year's consensus earnings estimate [4] - The company has reported its 10th consecutive quarter of record revenue and is investing in exclusive destinations to drive further demand, such as Celebration Key and Half Moon Cay [5][6] - Analysts expect Carnival's earnings to grow at an annualized rate of 21%, with nearly half of 2026 sailings already booked, indicating strong demand visibility [6] Group 2: Roku - Roku is well positioned to capture advertising spending shifting from traditional TV to digital streaming, with over 150 million viewers starting their daily TV watching through its platform [7] - The connected TV market is transforming, with nearly 44% of total TV watching time in the U.S. occurring on streaming platforms, and ad spending in this market expected to grow from $33 billion this year to $47 billion by 2028 [8] - Roku's platform revenue, which includes ads and subscription revenue sharing, grew 18% year over year last quarter, indicating a positive trend in ad spending [9] - The company competes in a competitive connected TV market but offers a budget-friendly alternative and free ad-supported content through The Roku Channel [10] - Roku's stock is up 34% year to date, with analysts expecting free cash flow to grow at an annualized rate of 42% to reach $1.2 billion by 2029, suggesting potential for market-beating returns [11][12]

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Core Insights - Royal Caribbean Cruises is the world's second-largest cruise line, operating over 60 ships and has successfully navigated various challenges including changing consumer preferences, economic downturns, and pandemics [1] Company Overview - The company has a long history of adapting to the evolving cruise industry landscape, demonstrating resilience against rising operational costs and market fluctuations [1] Market Position - As a major player in the cruise industry, Royal Caribbean Cruises holds a significant market share, indicating its strong competitive position [1]

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Core Viewpoint - Royal Caribbean Cruises Ltd. has successfully completed a public offering of $1.5 billion in senior unsecured notes, demonstrating financial strength and flexibility to finance upcoming projects and manage existing debt [1][4]. Group 1: Offering Details - The company issued $1.5 billion of 5.375% senior unsecured notes due January 15, 2036 [1]. - The net proceeds from the offering will be used to finance the delivery of Celebrity Xcel and to redeem or refinance existing indebtedness, including amounts under revolving credit facilities [2]. Group 2: Financial Strategy - The offering is part of the company's strategy to re-enter the investment-grade market, showcasing the strength of its balance sheet [4]. - The transaction allows the company to optimize financing for the upcoming delivery of Celebrity Xcel and address upcoming debt maturities [4]. Group 3: Regulatory Compliance - The notes were sold under an automatic shelf registration statement filed with the Securities and Exchange Commission, which became effective upon filing [3].

Accessibility StatementSkip Navigation The program is representative of the company's efforts to better support local community partners and is aimed at empowering entrepreneurs through educational curriculum, mentorship, and a $20,000 grant SEWARD, Alaska, Oct. 1, 2025 /PRNewswire/ -- Royal Caribbean Group (NYSE:Â RCL), a global vacation leader that is redefining the future of vacations, has launched an inaugural business accelerator program in the coastal community of Seward, Alaska, unveiling its first i ...

Core Points - Viking Holdings Ltd announced a private offering of $1.7 billion aggregate principal amount of 5.875% Senior Notes due 2033 [1] - The offering is expected to close on October 7, 2025, subject to customary closing conditions [1] - The net proceeds from the Notes will be used, along with cash on hand, to redeem all outstanding debt [1]

Group 1 - Carnival Corp (CCL) stock is down 3.3% to $29.47 despite reporting fiscal third-quarter earnings that exceeded estimates and raising its annual profit forecast [1] - CCL traded as high as $32.49 earlier in the day, but has since declined, with sector peers Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH) also experiencing losses [1] - Year-to-date, CCL shares are up 19.3%, with a significant 60% increase over the last 12 months, and the 80-day moving average is aiding in managing today's pullback [2] Group 2 - Short-term options traders have recently favored puts, indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.64, which is in the 94th percentile of the past 12 months [2] - Currently, the skew favors calls, with over 74,000 calls traded, which is nine times the average intraday volume and more than double the number of puts [3] - Most of the call activity is centered around the weekly 10/3 30-strike call, where new positions are being established [3]