Core Insights - Carnival has maintained a strong position in the cruise industry with nearly 42% of passenger load and 36% of industry revenue, reporting record bookings and high occupancy rates [3][4] - Viking has launched its IPO and is gaining investor attention due to its unique approach and potential for higher returns, focusing on culturally enriching experiences and smaller ships [2][7] Carnival's Advantages - Carnival's market leadership is underscored by its significant share of passenger load and revenue, alongside a low price-to-earnings (P/E) ratio of 14, making it attractive compared to competitors [3][5] - The company reported occupancy rates of 112% and all-time highs in net income, indicating strong demand despite economic uncertainties [4] Viking's Differentiation - Viking's strategy involves limiting cabins to two passengers, resulting in a 96% occupancy rate, and focusing on all-adult, all-inclusive experiences rather than larger ships [7][9] - The company targets the upper end of the market, which allows it to maintain higher pricing despite accounting for less than 1% of total industry passengers, making it the fifth-largest cruise line by revenue [9] Viking's Financial Performance - Viking's revenue for the first nine months of the year reached over $4.4 billion, a 20% increase year-over-year, with operating income rising 35% [10][11] - The company reported a net income of $848 million, significantly up from $49 million in the previous year, despite facing currency losses [11] Debt and Financial Obligations - Viking's total debt is approximately $5.6 billion, which has increased from $5.2 billion year-over-year, but interest payments have decreased due to refinancing [13][14] - Shipbuilding obligations have risen from $2.8 billion to $4.5 billion, indicating expansion plans to meet growing demand for cruise vacations [15] Investment Considerations - Investors are encouraged to consider Viking stock as a compelling alternative to Carnival, given its focus on higher-income consumers and stronger growth potential [16][17] - Viking's financial position is bolstered by rapid revenue growth and a shift towards profitability, positioning it well for future returns [17]

Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite falling over 350 points, Dow down 0.60% to 47,053.04, NASDAQ down 1.65% to 23,441.48, and S&P 500 down 1.05% to 6,780.03 [1] - Financial shares increased by 0.4%, while information technology stocks decreased by 1.8% [1] Company Performance - Uber Technologies reported a 20% year-over-year revenue growth to $13.47 billion, exceeding analyst expectations of $13.28 billion, and adjusted EPS of 81 cents, beating the consensus estimate of 69 cents [2] - Evoke Pharma shares surged 133% to $10.71 following an acquisition agreement with QOL Medical [8] - PTL Limited shares rose 49% to $0.28 after reporting a year-over-year increase in H1 EPS results [8] - Denny's Corporation shares increased by 50% to $6.16 after announcing an all-cash acquisition deal valued at approximately $620 million, or $6.25 per share [8] - Norwegian Cruise Line Holdings Ltd shares fell 15% to $18.86 after missing third-quarter revenue expectations [8] - JELD-WEN Holding, Inc. shares dropped 28% to $3.01 due to worse-than-expected third-quarter results and a lowered FY25 guidance [8] - Sarepta Therapeutics Inc shares declined 31% to $16.82 after reporting disappointing third-quarter results and a failed clinical study [8] Commodity Market - Oil prices decreased by 0.5% to $60.77, gold fell by 1.1% to $3,970.20, silver dropped 1.5% to $47.345, and copper fell 2.5% to $4.9450 [5] European Market - European shares were mostly lower, with the eurozone's STOXX 600 declining 0.30%, while Spain's IBEX 35 Index fell 0.01%, London's FTSE 100 rose 0.14%, Germany's DAX 40 dipped 0.76%, and France's CAC 40 fell 0.52% [6] Asian Market - Asian markets closed lower, with Japan's Nikkei 225 down 1.74%, Hong Kong's Hang Seng down 0.79%, China's Shanghai Composite down 0.41%, and India's BSE Sensex down 0.62% [7] Economic Indicator - The Logistics Manager's Index remained unchanged at 57.4 in October, matching the previous month's reading [9]

Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite falling over 350 points, Dow down 0.60% to 47,053.04, Nasdaq down 1.65% to 23,441.48, and S&P 500 down 1.05% to 6,780.03 [1] - European shares were mostly lower, with the eurozone's STOXX 600 declining 0.30% and Germany's DAX 40 dipping 0.76% [6] - Asian markets closed lower, with Japan's Nikkei 225 falling 1.74% and Hong Kong's Hang Seng declining 0.79% [7] Company Performance - Uber Technologies reported a 20% year-over-year revenue growth to $13.47 billion, exceeding analyst estimates of $13.28 billion, and adjusted EPS of 81 cents, beating the consensus estimate of 69 cents, yet its stock fell over 6% [2] - Evoke Pharma shares surged 133% to $10.71 following an acquisition agreement with QOL Medical [8] - Denny's Corporation shares rose 50% to $6.16 after announcing an all-cash acquisition deal valued at approximately $620 million [8] - Norwegian Cruise Line Holdings Ltd shares dropped 15% to $18.86 after a revenue miss in the third quarter [8] - JELD-WEN Holding, Inc. shares fell 28% to $3.01 after reporting disappointing third-quarter results and lowering FY25 guidance [8] - Sarepta Therapeutics Inc shares decreased 31% to $16.82 after reporting third-quarter results and announcing that its ESSENCE study did not meet its primary endpoint [8] Commodities - Oil prices fell 0.5% to $60.77, gold decreased by 1.1% to $3,970.20, silver dropped 1.5% to $47.345, and copper fell 2.5% to $4.9450 [5] Economic Indicators - The Logistics Manager's Index remained unchanged at 57.4 in October, matching the previous month's reading [9]

Jason Liberty, CEO of Royal Caribbean Cruises, joins CNBC's 'Squawk on the Street' to discuss the cruise line's latest earnings, expectations for 2026, and much more. ...

Stock Performance - Royal Caribbean shares fell after guidance raise [1] Market Expectations - Guidance raise fell short of Wall Street expectations [1]

Core Insights - Hasbro, Inc. reported strong third-quarter 2025 revenue growth, primarily driven by the Wizards of the Coast and Digital Gaming segments, reinforcing its strategic growth engine [1] Group 1: Financial Performance - Wizards of the Coast achieved a 42% revenue increase to $572 million, with Magic: The Gathering rising 55% year over year due to successful collaborations like Final Fantasy and Spider-Man [2] - The operating profit for Wizards of the Coast surged 39% to $252 million, reflecting a 44% margin, highlighting the scalability of Magic and the advantages of brand partnerships [2] - Hasbro raised its 2025 revenue outlook, now expecting high single-digit growth on a constant currency basis, up from mid-single digits, with adjusted EBITDA projected between $1.24 billion and $1.26 billion [6] Group 2: Segment Highlights - Dungeons & Dragons is experiencing its strongest start ever, aided by new rulebooks and a digital expansion that has significantly increased traffic to D&D Beyond by nearly 50% [3] - Hasbro's digital titles, including Monopoly Go! and SORRY! World, are performing well in mobile charts, indicating strong engagement in digital gaming [3] Group 3: Strategic Outlook - Management emphasized that Wizards and Digital Gaming are essential for sustained growth, with guidance indicating a 36-38% revenue increase for Wizards and margins near 44% [4] - The company’s "Playing to Win" strategy, focused on high-engagement franchises and digital experiences, is proving effective, positioning Hasbro to maintain its leadership in the global play and gaming market [5]

Group 1: Cars.com - Cars.com operates an online automotive platform offering new and used vehicle listings, expert and consumer reviews, and research tools [1] - The company has a Zacks Rank of 1 (Strong Buy) and a Zacks Consensus Estimate for current year earnings has increased by 1.7% over the last 60 days [1] - Cars.com has a price-to-earnings ratio (P/E) of 6.9, significantly lower than the industry average of 22.80, and possesses a Value Score of A [2] Group 2: Ultrapar Participacoes - Ultrapar Participacoes is a major Brazilian industrial group, one of the largest distributors of liquefied petroleum gas in Brazil, and a leading producer of petrochemicals [2] - The company carries a Zacks Rank of 1 and has seen a 38.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - Ultrapar has a P/E ratio of 11.49 compared to the industry average of 19.10, and also holds a Value Score of A [3] Group 3: Norwegian Cruise Line - Norwegian Cruise Line is a leading cruise line operator owning three brands: Oceania Cruises, Regent Seven Seas Cruises, and Norwegian Cruise Line [3] - The company has a Zacks Rank of 1 and a Zacks Consensus Estimate for current year earnings has increased by 1.5% over the last 60 days [3] - Norwegian Cruise Line has a P/E ratio of 12.01, lower than the industry average of 22.50, and possesses a Value Score of A [4]

Financial Performance - The Ritz-Carlton Yacht Collection bonds plunged after the cruise line indicated it's unlikely to generate positive earnings until 2027 [1] Company Performance - The Ritz-Carlton Yacht Collection, a yacht company backed by Oaktree, faces financial challenges [1]

Economic Overview - Low to middle-income consumers are reducing spending to pay down credit card debt, while affluent consumers continue to spend selectively [1][2] - The economy is divided, with strong revenue and earnings growth reported by many companies despite market uncertainty [2] Company Analysis: Tapestry Inc. (TPR) - Tapestry is known for luxury accessories and lifestyle products, with a current stock price of $70.65 and a price target of $78.00, indicating a 12% upside potential [3][5] - The company reported record earnings per share of $2 in Q2 FY2025 and achieved a net paydown yield of 38% over the last 12 months [4][5] - Analysts have a Moderate Buy rating on TPR, with some price targets adjusted but remaining above the consensus price [5][6] Company Analysis: On Holding AG (ONON) - On Holding specializes in high-end footwear and apparel, with a current stock price of $48.11 and a price target of $58.77, suggesting a 23% increase potential [7][10] - The company uses over 30% recycled or renewable materials in its products, appealing to younger consumers [8] - Despite a recent double beat in earnings, ONON stock is down over 13% in 2025 due to concerns over exposure to China amid tariff issues [9][10] Company Analysis: Viking Holdings Ltd. (VIK) - Viking Holdings, a newcomer in the luxury cruise market, has a current stock price of $41.02 and a price target of $46.89, indicating potential growth [12] - The company is 88% booked for 2025 and does not anticipate cancellations due to market weakness, suggesting resilience in the cruise line industry [14] - Despite volatility typical of newly public companies, VIK stock has increased nearly 50% since its launch [14]