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Tag: Carnival

  • Carnival Corp & PLC (CCL) Stock Continues Downward Spiral as Florida Refuses Proof of Vaccination Requirement

    Carnival Corp & PLC (CCL) Stock Continues Downward Spiral as Florida Refuses Proof of Vaccination Requirement

    Carnival Corp & PLC (CCL) stock prices were down by 4.69% as of the market closing on July 16th 2021, bringing the price per share down to USD$20.92 at the end of the trading day. Subsequent premarket fluctuations have seen the stock fall by another 4.45%, bringing it down to USD$19.99.

    Seabourn Ovation

    July 14th 2021 saw the company announce the opening of the sale of its serious of new itineraries for Seabourn Ovation, which is expected to commence operation out of Miami between November 2021 and April 2022. This will coincide with the ship’s first-ever stop at a United States port on November 18th 2021. This will make the first Caribbean cruise for the Seabourn Ovation, which will start with three 11-day voyages from Miami, where it will also conclude. Trips will depart on November and December of 2021.

    Forecasted Itineraries

    The ship will go on to explore the Panama Canal and areas in Central America between December 2021 and March 2022. January 30th 2022 will see Seabourn Ovation set sail to Centra America with four roundtrip voyages departing from Miami. Customers who book one of the several new itineraries by August 31st 2021 will be granted Shipboard Credit of up to USD$1000, or up to USD$2000 in Shipboard Credit for a Penthouse or Premium Suite.

    Post-Pandemic Operations

    With the world’s continued efforts towards universal immunizations against the coronavirus pandemic, the company is keen to see the persistent easing of mobility restrictions around the globe. With more than 50% of the company’s capacity scheduled to resume sailing by Fall of 2021, CCL is hopeful to make a recovery from the devastating effects of the onset of the pandemic. Promisingly, bookings for 2022 are higher than just before the pandemic, with pent-up demand having burgeoned.

    Continued Effects of Pandemic

    The momentum generated, however, has recently been slowing down. This is largely due to an official announcement by the Government of Florida that denies cruise ship operators from enforcing passengers to show proof of vaccinations. This could result in the implementing of mandatory Covid-19 travel insurance, which would adversely affect demand. The company is keen to see the continued easing of restrictions on travel and mobility.

    Future Outlook for CCL

    With the world hurtling towards an end to the global coronavirus pandemic, CCL is poised to capitalize on the return of the global economy to pre-pandemic levels. Investors are hopeful that the company will be able to ramp up its operations even in light of partial removals of restrictions, with the eventual resumption of normal operations bringing in unprecedented growth as a result of long-term, pent-up demand.

  • Carnival Corporation & plc (CCL) stock gains over Pre-Market: Things you need to know

    Shares of Carnival Corporation & plc (CCL) stock were continuing the uptrend in the pre-market trading session after gaining 1.74% at the previous closing. CCL was up by 2.45% to reach $29.30 a  share as of this writing. A couple of news related to CCL stock are wandering among investors. Let’s have a look at current events.

    What’s happening?

    Yesterday, on April 6, 2021, the Carnival Cruise line notified its guest about the suspension of cruise operations out of U.S ports through July. This was due to an extension in the suspension of all operations from the U.S ports till June 30. President Christine Duffy said that they had no plan to move Carnival Cruise Line ships outside the U.S ports but they had no option other than this in order to continue their operations which had been on a pause for a year due to the COVID-19 pandemic.

    Carnival Corp. spokesman on Tuesday said that the passengers don’t need to vaccinate against COVID-19 before traveling. This reaction from CCL came after the announcement of its rival Norwegian Cruise Line Holdings Ltd that it would be mandatory for the passengers to be vaccinated against COVID-19 before the start of cruises in July.

    Financial View of CCL stock

    CCL stock is expected to announce its first-quarter financial results of 2021 later today. In the previous quarter, CCL stock had a negative earnings surprise of 5.2%. The Zacks Consensus projected a $1.66 loss per share in this quarter. The reason for the loss is obvious as Cruise operations had been halted for a year due to COVID-19 escalations. In the first quarter of 2020, CCL stock reported 22 cents earnings per share. The Zack Consensus estimated the $108 million revenue for the first quarter of 2021 which shows a decline of 97.7% as compared to the same period of the prior year.

    Conclusion:

    So far so good for CCL stock as far as market sentiment is concerned but the first-quarter earnings report ahead would further explain the position of CCL . Cruise operations had been badly damaged due to the rise of the coronavirus pandemic and that why a major fall in the revenue is expected in the earnings report ahead. In a nutshell, long-term investors are required to do deep research before taking a decision.

  • The 3 Top Cruise Line Stocks for Investment in 2021

    The 3 Top Cruise Line Stocks for Investment in 2021

    Cruise Line industry after a hard-fought battle last year is going to get tested again.

    The cruise line industry is a part of the broader travel and tourism industry. The main focus is to provide entertainment in the sea environment. The cruise line firms have taken a massive hit from the global pandemic. The cruise ship’s operations were off for a long period following the COVID-19 restrictions.

    The industry is still a big risk for the investors. Despite we have the vaccine in the market but still the vulnerability level is quite high. The fact that the vaccine is limited and the scale of the pandemic is immense. There are nearly 25.86 million active coronavirus cases at the moment, so things are still unreliable for the cruise line industry to begin full operations in the near future.

    The cruises have limited right to set sail again. Some of the industry leaders that can stand a chance for potential investment; will have look at them. Here are the three possible investment options for cruise line stocks this year.

    Carnival Corp. (CCL)

    Carnival Corp. (CCL) had a testing period last year—just like another cruise firm. The company was able to shrink its expenses through the removal of 19 less efficient ships, 15 of which have already left the fleet.

    In the fourth quarter, the company had a net loss of $1.9 billion, while the remaining cash balance was around $9.5 billion. The company has taken some aggressive actions to keep managing the balance sheet and reducing capacity. Carnival believes that they are well-positioned to capitalize on pent-up demand—being the leading force of the industry.

    In the past few days, CCL stock has continued with a strong trend, as investors respond to the firm’s initiative to support digital gambling board its Princess cruise line. The company plans to launch its new Ocean Sportsbook—a digital application under process in collaboration with Miomni Online Gaming Solutions.

    Being the industry leader and with a well managed financial position, Carnival Corp. (CCL) is one to watch this year.

    Royal Caribbean (RCL)

    Royal Caribbean (RCL) is another promising cruise line stock that would amuse investors if they are willing to bet in the cruise line industry. Royal Caribbean is one of the most decorated cruise line firms in the market right now. Just like other counterparts, the company has faced hard times due to pandemic.

    However, compared to Carnival, RCL shares price dropped almost 45% last year. While CCL shares plunged up to 58%. Royal Caribbean is about to report its Q4 results, expected to record earnings loss of $5.04 per share, as per Zacks.

    Historically, the company has had a higher command mark-up for its cruises, which means RCL would have a smoother path back to profitability once the company starts sailing at its maximum.

    OneSpaWorld (OSW)

    OneSpaWorld (OSW) has been a better performing stock over the 12-months. Those investors who betted on OSW back in March would have made profits by now. Smart investors know that the drop in shares price is a massive opportunity to cash in.

    With that being said, OneSpaWorld is highly dependent upon cruise line operations for its revenue and operations. In the Q3 report, the company noted that it has enough liquidity to sustain its operations through at least Dec. 2021.

    Two Wall Street analysts recommend OSW as a buy. But the stock is trading in an uncertain trend since the start of this year. The best choice would be to jump in when it’s down. However, the best thing is to wait for now and watch the trend and updates of quarterly results.

  • Top Leisure Stocks To Watch In February 2021

    Top Leisure Stocks To Watch In February 2021

    Leisure stocks all over the world have taken a hit since the pandemic started and suffered like all major stocks. But with the vaccine insight and some parts of the world already being vaccinated, leisure stocks are seen as a good investment once again. 2021 is predicted to be the year of leisure stocks’ recovery and this is mainly due to the Covid-19 vaccine news. The leisure industry basically consists of companies which provide recreation products and certain services ranging from travel, golf courses, outdoor spaces, and swimming pools. And while many of these stocks have tanked recently, there are a few stocks which are showing potential in overcoming the pandemic that created havoc.

    Cinemark Holdings, Inc. (NYSE: CNK)

    Cinemark Holdings, Inc. (CNK)‎ has been one of the third biggest exhibitor in the United States in terms of market shares due to its 553 theatres and 5,974 screens in sixteen different countries. CNK’s administration performed particularly well during the pandemic because it closed its less profitable theatres and cut its expenses for unnecessary operations. High management also removed dividends for a short amount of time and helped in keeping the balance sheet in a positive position at $0.5 billion while refusing to take any salary until operations returned to normal. While nearly 65 percent of Cinemark’s theatres are open, they are still lower in a capacity as compared to before. With the end of the pandemic in sights, it is likely that people will once again return to activities such as movies at theatres.

    Wynn Resorts, Limited (NASDAQ: WYNN)

    While hotels have also been hampered by the pandemic and social distancing, reopening has started again through a laborious process. Hotels have the ability to tolerate empty rooms with less damage than airlines. And since the virus has spread across time, the damage is easier to contain as well which will lead to a quicker recovery. And Wynn Resorts has had a reputation on Wall Street for winning but it is still a new brand management team which faces its own challenges. As stocks fall to $67 per share, Wynn Resort’s stocks will recover with the trend of higher lows remaining intact off the coronavirus bottom.

    Carnival Corp (NYSE: CCL)

    Carnival Corporation is a British-American owned leisure cruise industry giant which is actually the largest cruise company in terms of travel leisure globally. Carnival owns more than 100 ships which provide services to 10 top line cruise brands. It is also a part of FTSE 250 and S&P 500 indices. Even in the midst of the pandemic, the company has held $8.2 billions in cash and has also held cash equivalents towards the end of its last quarter. Carnival’s share price also went up by 15 per cent towards the end of last year and its stock is expected to recover once travel reopens. The company also made up some percentage of its losses during the holiday season last year when it offered special deals and discounts.