Page 1 of 2 12 LastLast
Results 1 to 12 of 15

Thread: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

  1. #1

    Join Date
    Feb 2012
    Posts
    24,214

    Post Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    Shares of cruise operators dropped in premarket trading Monday, as the global spread of COVID-19 triggered worries about how travel will be affected. Shares of Carnival Corp. fell 6.1%, putting them on track to open at the lowest prices seen during the regular-session hours since October 2014. Royal Caribbean Cruises Ltd.'s stock dropped 5.1% and Norwegian Cruise Line Holdings Ltd. declined 6.8%, putting them on track to open at a 13-month low. Meanwhile, futures for the S&P 500 tumbled 2.9%.

    https://finance.yahoo.com/m/3553dfa3...html?.tsrc=rss


  2.  
  3. #2

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    I believe CCL will go bankrupt before this is done. Down 44% in four days.

    Seriously, has anyone you know that does cruises ever have a positive experience?

    If you bought CCL in 2000, you'd be underwater. That was 20 years ago. Chart below back to 2009.

    ccl.JPG

  4.  
  5. #3

    Join Date
    Aug 2011
    Location
    Mississippi
    Posts
    904

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    We’ve been on Carnival about 7 times over the last 20 years and have always had a great experience.


    Sent from my iPhone using TSP Talk Forums
    Scott Harrison
    Senatobia, MS

  6.  
  7. #4

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    CCL issued a 12% bond yesterday which was oversubscribed. Buyers of the bond are most likely betting on government bailout here.

    Stock down and ready to test it's all time low today.

    It will take years for this industry to recover consumer confidence.

  8.  
  9. #5

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,385

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    Quote Originally Posted by Bullitt View Post
    CCL issued a 12% bond yesterday which was oversubscribed. Buyers of the bond are most likely betting on government bailout here.

    Stock down and ready to test it's all time low today.

    It will take years for this industry to recover consumer confidence.
    I heard they don't qualify for a gov. bailout because they are not a US entity. But, who knows what sort of deal might be happening behind the scenes.
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

  10.  
  11. #6

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    NCLH looks like it's history as the company doesn't see how it can exist in the future.

    Heavy institutional selling. Down 22% today. Volume 435% of its 50 day average.

    CNBC Feb 12, 2020:

    “If you look at Norwegian versus its peers, it’s in the best technical shape. Currently, it’s only down 10% from its recent highs versus its peers, which are down closer to 15%,” he said. “So, we’ve lost less and we’re actually starting to climb back faster. So, I think if we are ready to dip our toe into the water, Norwegian is the cruise liner to buy here.”
    https://www.cnbc.com/2020/02/12/norw...s-traders.html

  12.  
  13. #7

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    Bullish case:
    Having raised about $2.4 billion of new capital this week, Norwegian Cruise Line Holdings has enough liquidity to last more than 18 months even with zero revenue, CEO Frank Del Rio told Barron’s.
    https://www.barrons.com/articles/nor...ue-51588872601

  14.  
  15. #8

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    With cruise season winding down, that also means less people will be flying. Many borders are still closed and have zero incentive to allow mass amounts of travel during Christmas this year. If this was all the airlines and cruise lines could muster, they are in even deeper trouble.

    Both airlines and cruise lines are only hanging out for a bailout at this point.

    Ricky Sandler's Eminence Capital who said you should mortgage your house to by cruise lines in late March, has sold 80% of his RCL holdings as of 6/30.

  16.  
  17. #9

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    Another bull case for cruise stocks, which are probably the only value besides oil stocks, is that if democrats take over, travel to Cuba will be back on the table. Once these travel fears subside and a vaccine comes out, it would be massively bullish for the travel industry.


  18.  
  19. #10

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    Another blow. Doesn't bode well for cyclical stocks as re-opening in Spring is looking more and more likely.

    Typical case of NIMBY.

    Big cruise ships will no longer welcome at the southernmost point in the continental U.S.


    On Tuesday, voters in Key West passed three ballot initiatives aimed at limiting the impact of visiting cruise ships on everyday island life.
    https://www.usatoday.com/story/trave...ng/6171877002/

  20.  
  21. #11

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    Insider sale for $102M in a personal trust. Important to watch this sector for a real recovery, and right now, it's not looking like anything more than a Christmas rally.

    https://www.sec.gov/Archives/edgar/d..._4-marison.xml

  22.  
  23. #12

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,876
    Blog Entries
    46

    Default Re: Cruise stocks drop, as Carnival on track to open at 5 1/2-year low

    CCL very close to taking out previous June and December highs at around the 25 level. Over 25 and it's very much wide open.

    I can see the cruise lines opening again with proof of vaccine or negative test to board. It seems there is a large following of cruise vacation fans and that makes it worth watching as government restrictions are gradually lifted.

  24.  
Page 1 of 2 12 LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
Cruise stocks drop, as Carnival on track to open at 5 1/2-year low
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Cruise stocks drop, as Carnival on track to open at 5 1/2-year low
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Cruise stocks drop, as Carnival on track to open at 5 1/2-year low
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Cruise stocks drop, as Carnival on track to open at 5 1/2-year low
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes