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☆ Watch CNBC's full interview with Carnival CEO Josh Weinstein
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Carnival CEO Josh WeinsteinCarnival CEO Josh Weinstein joins 'Squawk on the Street' to discuss their latest quarter as the cruise line reported a smaller-than-expected loss.

Persons: Josh Weinstein

☆ Cruise stocks soar as industry rebounds. Here's what analysts expect to happen next
▼ + stars: | 2023-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Carnival and Norwegian Cruise Line hit 52-week highs Wednesday, while Royal Caribbean did so Tuesday. RCL YTD mountain Royal Caribbean year to date For Farley, Royal Caribbean stands out because it has about 64% of its cruises in the Caribbean, a strong market. Investors now may be waiting to see if there will be more price target increases from analysts after the latest run up. Royal Caribbean has 3% downside to the average analyst price target of $92.77 as of Tuesday's close, per FactSet. Carnival has 21% downside to its average price target of $12.11, and Norwegian has 15% downside to its $16.60 average price target.

Persons: It's, Jason Liberty, Patrick Scholes, Robin Farley, Matthew Boss, Bank of America's Andrew Didora, Josh, Didora, Farley, Truist's Scholes, James Hardiman, Greg Badishkanian, Scholes, Managements, Boss, CNBC's Michael Bloom, Josh Weinstein Organizations: shutdowns, Wall Street, Cruise Line, Royal, CNBC, Royal Caribbean, JPMorgan Chase, Bank of America, CCL, Bank of America's, UBS, Argus Research, Citi, Wolfe Research, JPMorgan, Investors Locations: Royal Caribbean, U.S, Miami, Tuesday's, Caribbean, Norwegian

Amid "continued demand momentum" for the cruise industry, JPMorgan is bullish on Carnival . The bank upgraded the cruise liner's shares to overweight from neutral in a Monday note. Analyst Matthew Boss also raised his price target to $16 from $11, implying more than 22% upside from Friday's close. Boss underscored Weinstein's comments that Carnival is "no longer riding the coattails of a post-pause pent-up." "On the top-line, we came away confident in current trends with all three management teams," Boss said.

Persons: Matthew Boss, Boss, Josh Weinstein —, —, — CNBC's Michael Bloom Organizations: JPMorgan, CCL

☆ Despite all odds, consumers are still traveling this summer. Here are the stocks you need to own
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +11 min

Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021. Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey. Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet. While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March. Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.

Persons: Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot Organizations: KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines Locations: United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe

☆ Wein: The markets appear to be taking negative and mediocre news in stride
▼ + stars: | 2023-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWein: The markets appear to be taking negative and mediocre news in strideJosh Wein of Hennessy Funds says market volatility has been rather subdued in the weeks since the banking crisis, and when it returns, it's likely to be on the upside.

☆ We've seen no sign of slowdown, says Carnival Corp CEO Josh Weinstein
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've seen no sign of slowdown, says Carnival Corp CEO Josh WeinsteinCNBC's Sara Eisen talks to Carnival Corp CEO Josh Weinstein on 'Squawk on the Street' to discuss his thoughts on the company's future as it beat Q1 estimates.

☆ 5 major cruise liners say Elon Musk's Starlink internet will roll out on their ships this year for guest WiFi
▼ + stars: | 2023-03-03 | by ( Kate Duffy | ) www.businessinsider.com time to read: 1 min

Carnival Corporation in January announced it had agreed to install Starlink across its global fleet. Carnival cruise ship. Chiyacat/ShutterstockCarnival said in a statement it began rolling out Starlink on Carnival Cruise Line and AIDA Cruises ships in December last year. The company wants to expand Starlink to its other brands, including Princess Cruises, Holland America Line, P&O Cruises, and Seabourn, it added. The company said Starlink would provide faster and more reliable internet on its ships.

☆ Wein: The next few years will be about earnings instead of the Fed
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWein: The next few years will be about earnings instead of the FedJosh Wein of Hennessy Funds makes a bullish case for the markets this year, and highlights a few stocks from the "boring" categories of materials and energy sectors.

☆ Carnival Corp posts smaller loss as it tightens control on costs
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - Carnival Corp (CCL.N), (CCL.L) on Wednesday posted a smaller-than-expected quarterly loss as the cruise operator kept a tight lid on operating costs, sending its shares up about 7% in morning trade. Cruise operators including Carnival have been wrestling with rising fuel prices, a stronger U.S. dollar and higher interest rates, which have been further exacerbated due to the ongoing Russia-Ukraine conflict. The cruise operator's revenue rose to $3.84 billion in the fourth quarter ending Nov. 30 from $1.29 billion a year earlier, but missed analysts' average estimate of $3.91 billion, according to IBES data from Refinitiv. The company posted a smaller adjusted net loss of 85 cents per share compared with analysts' expectation of 87 cents. Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Rite Aid, Nike, Six Flags and more
▼ + stars: | 2022-12-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal markdowns among other issues. Nike — Nike shares jumped more than 13% after the company easily topped earnings and revenue estimates for its most recent quarter. The company also beat earnings expectations, but profits fell from the same period last year. Revenue beat estimates but the performance of its cyber business fell short of StreetAccount estimates, coming in at $106 million versus estimates of $111.8 million. Carnival — Shares jumped more than 4% after Carnival posted a smaller-than-expected loss in its latest quarter, though revenue was worse than expected.

☆ Fund managers who have beaten 98% of their peers in 2022 share 9 'keeper stocks' they're betting on for 2023 — and the 3 market sectors they're overweight on
▼ + stars: | 2022-12-01 | by ( William Edwards | Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

On Wednesday, fund managers said they see value stocks continuing to outperform into 2023. Judging by their MSCI All-Country World Indexes, value stocks outperformed growth by the widest margin since 2001 in the year through September 30, according to GMO. Stocks that are cheaper relative to their fundamentals will remain strong performers in 2023, according to Ryan Kelley and Josh Wein. Even though energy stocks have experienced a sustained rally in the past few months, Kelley said that the sector still has more upside to offer investors. Over the next 12 months, the firm expects a "very strong" outperformance for energy stocks, especially from traditional names, said Ben Cook, portfolio manager for the Hennessy energy funds.

☆ Wein: The bull case is there's light at the end of the tunnel, and bad news may be good news
▼ + stars: | 2022-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWein: The bull case is there's light at the end of the tunnel, and bad news may be good newsJosh Wein of Hennessy Funds discusses why he's bullish on the markets, but not so much on the economy over the medium-term, and highlights a few under-the-radar smaller-cap names.

Microsoft Corp (MSFT.O) posted its lowest sales growth in five years and forecast second-quarter revenue below Wall Street estimates, while Alphabet (GOOGL.O) reported downbeat ad sales and warned of a slowdown in advertising spending. Shares of ad revenue dependent social media firms Meta Platforms (META.O) fell 4.4%, while Pinterest (PINS.N) dropped 3.9%. ET, Dow e-minis were down 70 points, or 0.22%, S&P 500 e-minis were down 31.75 points, or 0.82%, and Nasdaq 100 e-minis were down 213.5 points, or 1.82%. Kraft Heinz Co (KHC.O) gained 2.5% after the packaged food maker beat third-quarter sales estimates, helped by higher product prices. Reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru; Editing by Saumyadeb Chakrabarty and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Shares of both companies fell about 7.5% each, dragging down Amazon.com (AMZN.O) and Apple (AAPL.O), which are scheduled to report results later this week. Shares of ad revenue dependent social media firms Meta Platforms (META.O) fell 3.4%, while Pinterest (PINS.N) dropped 1%. Visa Inc (V.N) jumped 5%, boosting the Dow, after the payments processor topped quarterly profit estimates on strong travel demand. Advancing issues outnumbered decliners by a 2.05-to-1 ratio on the NYSE and by a 1.87-to-1 ratio on the Nasdaq. The S&P index recorded 19 new 52-week highs and two new lows, while the Nasdaq recorded 45 new highs and 24 new lows.

☆ Two investment managers give their thoughts on the health of the global economy
▼ + stars: | 2022-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo investment managers give their thoughts on the health of the global economyPeter Boockvar, Chief Investment Officer at Bleakley Financial Group, and Josh Wein, Portfolio Manager at Hennessy Funds, join Worldwide Exchange to discuss the markets on the heels of JPMorgan Chase CEO Jamie Dimon's comments about the economy.

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