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June 26 (Reuters) - Carnival (CCL.N) on Monday forecast third-quarter adjusted profit marginally below estimates as the cruise operator battles higher labor and fuel costs while spending more on marketing, sending its shares down about 10%. M Science analyst Michael Erstad said the company's forecast suggests that the robust demand trend would continue, while adding that Monday's share performance, in part, reflected the higher cost outlook. The mid-point of the company's third-quarter adjusted profit per share forecast of 70 cents to 77 cents, was below analysts' average estimate of 76 cents, according to IBES data from Refinitiv. Carnival now expects adjusted annual loss per share between 8 cents and 20 cents, compared with its earlier forecast of a loss per share of 28 cents to 44 cents. Reporting by Juveria Tabassum and Ananya Mariam Rajesh in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Josh Weinstein, David Bernstein, Michael Erstad, Juveria Tabassum, Ananya Mariam Rajesh, Vinay Dwivedi Organizations: Norwegian Cruise Line Holdings, Thomson Locations: Norwegian, Bengaluru

Technology (.SPLRCT) and real estate sectors (.SPLRCR) were the other top gainers among the 11 major S&P 500 sectors. ET, the Dow Jones Industrial Average (.DJI) was down 19.60 points, or 0.06%, at 33,707.83, the S&P 500 (.SPX) was up 6.90 points, or 0.16%, at 4,355.23, and the Nasdaq Composite (.IXIC) was up 51.68 points, or 0.38%, at 13,544.20. Advancing issues outnumbered decliners by a 2.97-to-1 ratio on the NYSE and 1.37-to-1 ratio on the Nasdaq. The S&P index recorded 17 new 52-week highs and one new low, while the Nasdaq recorded 37 new highs and 67 new lows. Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Aston Martin, Jerome Powell, Randy Frederick, Charles Schwab, Goldman Sachs, UK's Aston Martin, Lockheed Martin, Sruthi Shankar, Johann M, Shinjini Organizations: Pfizer, Aston, Dow, Nasdaq, Technology, University of, Dow Jones, Pfizer Inc, Inc, UBS, Tesla, Ares Management, Lockheed, Northrop Grumman Corp, Raytheon Technologies, NYSE, Thomson Locations: Russian, U.S, Russia, Bengaluru

☆ Carnival shares trading lower despite beating Q2 estimates
▼ + stars: | 2023-06-26 | by ( Seema Mody | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarnival shares trading lower despite beating Q2 estimatesCNBC's Seema Mody joins ‘Squawk on the Street’ to update on the decline of Carnival stock after the cruise line reported a smaller-than-expected loss for the recent quarter.

Persons: Seema Mody, Squawk

☆ All this AI hype could be distracting us from serious economic threats in the US
▼ + stars: | 2023-06-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Moving forward, we'll be highlighting the latest markets news in our daily flagship newsletter, Insider Today — be sure to sign up. The excitement around ChatGPT, AI, and related tech stocks is old news now, but Wall Street can't stop talking about it. Elon Musk, Nouriel Roubini, and a chorus of Wall Street firms have issued dire warnings. The country's slowing trade, weak industrial production numbers, and piling debt all ultimately present problems for Wall Street, which may be catching on to the risk. What do you see as the connection between economic troubles and AI hype?

Persons: Phil Rosen, —, It's, Pepper, Paco Freire, that's, Zahra Tayeb, Elon Musk, Roubini, Kelvin Wong, Angela Weiss, Wagner, Vladimir Putin, Gary Black's, Goldman Sachs, Morgan Stanley's Adam Jonas, Jason Ma, Jack Sommers Organizations: Getty, Nvidia, Federal, Street, Wall, Nasdaq, Carnival plc, Harvard, Elon Locations: New York, China, America, Los Angeles, London

☆ Carnival CEO Josh Weinstein on Q2 results and outlook
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarnival CEO Josh Weinstein on Q2 results and outlookCarnival 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 Organizations: Email

☆ 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

☆ Stocks making the biggest premarket moves: Tesla, Moderna, Alphabet, PacWest and more
▼ + stars: | 2023-06-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Tesla — Shares dropped 1.9% after Goldman Sachs became the latest Wall Street bank to downgrade the electric vehicle maker to neutral from buy. Goldman cited the difficult pricing environment for electric vehicles, as well as the stock's recent run up, for the call. Moderna — The drugmaker gained 2.5% following an upgrade by UBS to buy from neutral. Alphabet — The Google parent slid 1.4% after being downgraded by UBS to neutral from buy. PacWest — The regional bank jumped nearly 6% following the announcement that Ares Management acquired $3.5 billion specialty finance portfolio from PacWest.

Persons: Goldman Sachs, Goldman, Aston Martin Organizations: Moderna, UBS, Google, Pfizer, Ares Management Locations: South Burlington , Vermont

☆ Stocks making the biggest moves midday: Pfizer, Lucid, WSFS Financial and more
▼ + stars: | 2023-06-26 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Lucid Group — Lucid shares jumped 9% after the electric vehicle maker said it will provide powertrain and battery systems to British luxury automaker Aston Martin. Davidson upgraded the stock to buy from neutral, noting WSFS could benefit from a higher-for-longer interest rate environment. UBS upgraded the pharmaceutical stock to buy from neutral, saying the potential for other vaccines for the company isn't fully appreciated by investors. Alphabet — Shares of Alphabet fell 1.8% after UBS downgraded the tech giant to neutral from buy. Tesla — The electric vehicle maker dropped 2.8% after Goldman Sachs downgraded Tesla to neutral from buy.

Persons: Aston, Davidson, WSFS, Tesla, Goldman Sachs, Morgan Stanley, — CNBC's Michelle Fox, Alex Harring, Jesse Pound Organizations: Aston Martin, D.A, Regional Banking, Pfizer, Cruise, Moderna — Moderna, UBS, Barclays Locations: Royal Caribbean

☆ Johnson & Johnson is the most overbought stock on Wall Street. Here are the others
▼ + stars: | 2023-06-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500 lost more than 1% for the week, snapping a five-week winning streak. A stock is considered overbought if its 14-day RSI goes above 70, signaling investors should consider easing their exposure. A 14-day RSI under 30, however, signals that a stock is oversold, meaning there may be a buying opportunity. Here's a look at the most overbought stocks in the S & P 500. Johnson & Johnson is the most overbought stock in the index with 14-day RSI of nearly 92.

Persons: Johnson, Morgan Stanley's Terence Flynn, aren't, — CNBC's Michael Bloom Organizations: Airlines Delta, Royal, Akamai Technologies, Enphase Energy, SolarEdge Technologies Locations: U.S, Southwest, Royal Caribbean, DAL

☆ Are investors ignoring the Federal Reserve’s warning?
▼ + stars: | 2023-06-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

CNN —Stocks fell last week as several signs pointed to the Federal Reserve continuing to hike rates this year. The Cboe Volatility Index, known as the VIX, is derived from S&P 500 index options prices and measures volatility expectations. Meanwhile, the May Producer Price Index showed that inflation at the wholesale level cooled to below its pre-pandemic average. Tuesday: Case-Shiller home price index and new home sales. Friday: May Personal Consumption Expenditures Price Index and University of Michigan June consumer sentiment and inflation expectations final reading.

Persons: CNN — Stocks, Jerome Powell, BoE, Tom Graff, Price, ”, Graff, it’s, Liz Young, Gina Bolvin, Bitcoin, Charles Schwab Organizations: CNN Business, Bell, CNN, Federal Reserve, Dow Jones, Nasdaq, Federal, Bank of England, Nvidia, Microsoft, Bolvin Wealth Management, “, Valley Bank, Signature Bank, BlackRock, EDX, Fidelity Digital Assets, Citadel, Index, University of Michigan

June 23 (Reuters) - Carnival (CCL.N) is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on novel experiences such as cruising. While Americans have cut back on purchasing big-ticket non-essential goods due to soaring costs, protracted confinement to their homes during the pandemic has whet their appetite for outdoor experiences. Millennials (born between 1981 and 1996) and GenX (born between 1965 and 1981) have reached peak earnings years and are feeding multi-generational travel as they spend on cruises and bring their families along, according to J.P. Morgan analysts, who lifted rating on Carnival stock to "overweight" last week. A younger customer base is helping fuel this demand, with 88% of millennial and 86% of GenX travelers that have past cruising experience intending to sail again, according to a report from Cruise Lines International Association. "Given (cruise) is a vastly under-penetrated travel product ... more marketing instead of price cuts drives growth in new-to-cruise, which has a reasonably high conversion rate to repeat-cruisers," Barclays analyst Brandt Montour said.

Persons: Morgan, Millennials, GenX, Brandt Montour, Granth, Vinay Dwivedi Organizations: Reuters Graphics Reuters, Morgan, Bank of America, Cruise Lines International Association, Barclays, Refinitiv, Thomson Locations: J.P, Bengaluru

☆ Market momentum wanes heading into the final week of June after monster rally in the first half
▼ + stars: | 2023-06-23 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Against this backdrop, investors will head into the final week of June with a relatively light economic calendar. However, those few data sets could provide investors with clues on how the market will fare going into the second half. Key inflation data ahead Of note next week is the core personal consumption expenditures index, the Fed's preferred inflation gauge. Reports to watch out for include Tuesday's new home sales and Thursday's pending home sales data, both for May. Elsewhere, BTIG's Jonathan Krinsky warned this week the downside for tech names could be as "equally impressive" as their rally.

Persons: Jerome Powell, annualized, Dow Jones, Terry Sandven, Sandven, that's, Megan Horneman, Stephen Suttmeier, BTIG's Jonathan Krinsky, Art Hogan, Hogan, Mills, Paychex Organizations: Dow Jones, Nasdaq, Federal, Bank of England, Global Wealth Management, Americas, UBS, U.S, Bank Wealth Management, Verdence Capital Advisors, Bank of America, Dow, Riley Wealth Management, Fed, Walgreens, Micron, Nike, Constellation Brands

☆ Investors look to next week's key inflation data after rally in stocks stumbles
▼ + stars: | 2023-06-23 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

The Dow Jones Industrial Average , the S & P 500 and the Nasdaq lost more than 1% each for this holiday-shortened week. This coming week will feature some key inflation data to keep an eye on. On Tuesday, the May housing starts report was released, coming in much stronger than expected, at a 1.63 million seasonally adjusted annual rate (SAAR), versus 1.39 million SAAR expected. Building permits were also above expectations at a1.49 million SAAR versus 1.43 million SAAR expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jerome Powell, Jim Cramer, he's, Jefferies, JEF, Mills, HB Fuller, Jim Cramer's, Jim, Spencer Platt Organizations: Federal, Dow Jones, Nasdaq, Constellation Brands, Corp, Walgreens Boots Alliance, Micron Technology, Gross, Aid, McCormick &, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, SAAR

☆ Jim Cramer gives his game plan for the week ahead, with Nike and Walgreens set to report
▼ + stars: | 2023-06-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer gave investors his game plan for the week ahead, with big names such as Nike and Walgreens set to report. However, with its 6% dividend yield, Cramer is wondering whether its stock could shoot up if its report lines up with consensus estimates. Cramer thinks this stock will be undervalued now compared with next year because generative artificial intelligence uses a lot of memory. Thursday will bring results from Nike , which Cramer said is the most important company to report this week. "Please, if you're a trader, wait until you hear the forecast on the conference call before you pull the trigger because Nike's a forecast stock, not a results stock."

Persons: CNBC's Jim Cramer, Cramer, —, Mills, he's Organizations: Nike, Walgreens, Apple, Meta, Nvidia, Tesla, Microsoft, Amazon, Walgreens Boots Alliance, Micron, Hoka, Brands, Constellation Brands, Constellation, CNBC, Club Charitable Trust Locations: China, U.S, Modelo

☆ Pay close attention to 'future bookings' during the Carnival earnings call, says Jim Cramer
▼ + stars: | 2023-06-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPay close attention to 'future bookings' during the Carnival earnings call, says Jim Cramer'Mad Money' host Jim Cramer previews the week ahead including major earnings that investors may want to keep their eye on.

Persons: Jim Cramer

☆ Here are Wednesday's biggest analyst calls: Nike, Tesla, Amazon, Apple, Adobe, Uber, Micron and more
▼ + stars: | 2023-06-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs upgrades Petrobras to buy from neutral Goldman Sachs said the Brazilian petroleum company has an attractive valuation. "As such, we believe the potential for sustained upside to Street OI estimates ahead will be a key catalyst for shares." Citi initiates Everest as buy Citi initiated coverage of the insurance company and said it's "capitalizing on the most favorable reinsurance underwriting environment in decades." Goldman Sachs reiterates Nike as buy Goldman Sachs said it's standing by its buy rating heading into Nike earnings next week. Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on the stock heading into earnings next week.

Persons: Barclays downgrades Tesla, Goldman Sachs, Wolfe, it's bullish, TD Cowen, Ralph Lauren, it's, Cowen, Jefferies, OneSpaWorld, Oppenheimer, Uber, Bud, JPMorgan, Tyler, Goldman, Bernstein, Oracle, Needham, Christine McCarthy, Snowflake, Shopify, Morgan Stanley, Dell, Yvonne McGill, Apple Organizations: Street, Barclays, LT, Petrobras, Spotify, BMO, Adobe, Citi, Bank of America, FedEx, Nike, IAC, Amazon, Molson Coors Citi, TAP, Tyler Technologies, Micron, Oracle, — Oracle, Windows, Disney, DIS, Carnival, TAM, Deutsche Bank, Dell, IR, Apple Locations: OW, 2H23, Nike's

☆ Stocks making the biggest premarket moves: Alibaba, Dice Therapeutics, Avis and more
▼ + stars: | 2023-06-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Atmus Filtration Technologies — Shares of the air filtration company rose more than 2% after a slew of analysts initiated coverage with bullish ratings, including JPMorgan. The bank said Atmus trades at a "deep discounted valuation vs. peers, despite >80% of aftermarket mix, while its planned expansion into industrial filtration should bridge the valuation gap vs. direct filtration peers over time." Avis Budget — Shares added 3.5% in light volume following an upgrade by Morgan Stanley to overweight from equal weight. Philip Morris International — Shares of the tobacco company rose 1.5% in premarket trading after Citi upgraded Philip Morris to buy from neutral. Carnival — Shares moved 1.5% higher in the premarket, building on gains made last week when it was the S&P 500's best performer.

Persons: Daniel Zhang, Eddie Wu, Alibaba's, Eli Lilly, Morgan Stanley, Adam Jonas, Jonas, Avis, Philip Morris, —, Jesse Pound Organizations: Alibaba, Holding, JPMorgan, Avis Budget, Citi, Warner Bros Discovery Locations: Beijing, China, —

☆ Pride organizers describe timid sponsors and tighter security but no mass corporate retreat
▼ + stars: | 2023-06-20 | by ( Sara Ruberg | ) www.cnbc.com time to read: +8 min

Many Pride organizers across the country say high-profile brand backlashes, restrictive legislation and heightened threats against LGBTQ people have fueled record crowd turnout this year. Most of the Pride organizers NBC News spoke with, including Snider, declined to identify corporate sponsors that shrunk their involvement or visibility, concerned about alienating important financial backers. Like Indy Pride, Pride organizations are typically nonprofit organizations that also offer year-round services to the LGBTQ community, such as grants, educational events and support for political activism. Josh Coleman, president of Central Alabama Pride in Birmingham, said some longtime corporate sponsors dropped out this year, including Wells Fargo. Kendra Johnson, executive director of Equality NC, said threats against the community and Pride events have risen dramatically throughout North Carolina.

Persons: InterPride, Shelly Snider, Snider, We've, Bud Light, Josh Coleman, Wells Fargo, It's, Coleman, we've, hasn't, Vanessa Rodley, didn't, Charles Schwab, Wells, Bruce Starr, Pride, Seth McCollough, McCollough, haven't, they've, Kendra Johnson, I've, Johnson, Ron deHarte, deHarte Organizations: Boston Red Sox, Pride, Fenway, Indy, NBC, Indy Pride, Central Alabama Pride, Memphis's, Kroger, Terminix, South Pride, Nike, Ford, Equality, United States Association of Locations: Boston, U.S, Indianapolis, Birmingham, Wells, Tennessee, Memphis, Auburn , Alabama, Plains, Midwest, South, bluer, New York City, Charleston , South Carolina, North Carolina

☆ Venice Minus the Mobs: A Traveler’s Guide to Its Quiet (Even Empty) Corners
▼ + stars: | 2023-06-16 | by ( Tara Isabella Burton | Photographs Arianna Lago For The Wall Street Journal | ) www.wsj.com time to read: 1 min

IN SUMMERTIME, on days so sweltering that the cobblestones themselves seem to sweat, it is almost impossible to walk from Venice’s Rialto Bridge to the Piazza San Marco along the main roads. The surge of day-trippers clog the central pathways. A tourist struggling to haul a suitcase over a bridge is enough to bring a hundred people to a standstill. A 10-minute stroll—by map directions—can take half an hour or more. It’s the Venice so often described, and fairly decried, as a tourist trap: an on-rails carnival, less a city than a conglomeration of souvenir shops.

Organizations: Piazza San Marco Locations: Venice

☆ These two cruise stocks and this chipmaker led the market higher this week
▼ + stars: | 2023-06-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Wall Street is rolling into the long weekend with some positive momentum thanks to a group of stocks that caught fire this week. Stocks are poised to finish the busy week , which is filled with consumer price index and producer price index readings as well as the closely watched Federal Reserve policy announcement, higher. Cruise stocks Carnival and Norwegian were, respectively, on pace to be the best and third-best performing stocks. Both rallied this week following upgrades to Carnival shares from JPMorgan Chase and Bank of America. CCL RCL,NCLH YTD mountain The three public cruise lines Chipmaker Intel was also among the best performers this week with a gain of more than 15%.

Persons: Stocks, Andrew Didora, David Zinsner, —, Fred Imbert Organizations: Nasdaq, U.S, CNBC Pro, JPMorgan Chase, Bank of America, Royal, CCL, Intel, Bloomberg, Adobe Locations: Norwegian, Friday's, Royal Caribbean

☆ Opinion: Trump’s case is a crucial test for justice in America
▼ + stars: | 2023-06-14 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +9 min

This is the first time a former American president has been arraigned on federal charges. Jill Filipovic Courtesy of Jill FilipovicFormer President Donald Trump pleaded not guilty to all 37 federal charges at a federal courthouse in Miami on Tuesday afternoon. The indictment says that Trump willfully retained national security information, violated the Espionage Act more than 30 times, and conspired to obstruct justice, among other crimes. What is clear, though, is that this case will be a test of the US justice system and the strength of national institutions in a (for now) post-Trump America. Any president who is found to have used national security documents for bragging rights and flouted American law must be held accountable.

Persons: Jill Filipovic, Donald Trump, “, Trump, Trump’s, Bill Barr, Aileen Cannon, Trump –, Judge Cannon, –, ”, Kevin McCarthy, Chris Christie, Mitch McConnell, Joe Biden Organizations: Twitter, CNN, US, Fox News, Trump America, FBI, Republican, GOP, Republican Party, Trump, Justice Department, Gallup, Facebook Locations: New York, American, Miami, United States, Florida, Mar, America, –, New Jersey

☆ 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

Biogen — Shares of the biotech stock dipped 2.8% after Biogen revamped its board of directors. Oracle — Shares rose 0.2% to an all-time high on the back of a strong earnings report for the fiscal fourth quarter. Oil stocks — Oil shares rose broadly as WTI crude gained following Monday losses. Chinese internet stocks, metals and mining stocks — Shares of Chinese internet companies and metals and mining stocks jumped Tuesday after the People's Bank of China cut a key short-term policy rate in an effort to stimulate a post-Covid recovery. Metals and mining stocks were also boosted by the news, with shares of Freeport-McMoRan and Steel Dynamics rallying 5.3% and 6%, respectively.

Persons: Susan Langer, Biogen, Refinitiv, Goldman Sachs, Morgan Stanley, Transocean, JD.com, —, Samantha Subin, Sarah Min, Alexander Harring, Jesse Pound, С. Organizations: Biogen, Oracle, Revenue, Cruise Line Holdings, Bank of America, Royal, Urban Outfitters, Devon Energy, —, VanEck Oil Services, Halliburton, People's Bank of, CSI China, Metals, Steel Dynamics Locations: China, Gu'an, Royal Caribbean, Devon, Salt Lake City, People's Bank of China, Freeport, McMoRan

The growth in bookings is largely driven by pent-up demand from loyal customers returning to taking summer vacations and other leisure travel, said the analysts. JPMorgan upgraded Carnival shares to "overweight", while Bank of America raised its rating on the stock to "buy", and the analysts raised their price targets on all the three cruise companies. Carnival shares rose 14% to a more than 1-year high in early trading on Monday while Norwegian Cruise gained nearly 8%. The S&P 500 Hotels Resorts & Cruise Lines Sub-Industry Index was up 0.9% led by gains in cruise stocks. Commercial airline shares were also making gains on Monday amid falling crude oil prices and growth in demand for seats.

Persons: Chibuike Oguh, Granth Vanaik, Stephen Culp, Lance Tupper, David Gregorio Our Organizations: YORK, Carnival Corp, Cruise Line Holdings, JPMorgan, Bank of America Global Research, Carnival, Royal Caribbean Cruises, Bank of America, Norwegian Cruise, Royal, Hotels Resorts, Cruise, Southwest Airlines, Hawaiian Holdings, American Airlines, Thomson Locations: Royal Caribbean, New York

☆ Options Action: Traders looking bullish on Carnival Cruise Lines
▼ + stars: | 2023-06-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: Traders looking bullish on Carnival Cruise LinesMike Khouw, Optimize Advisors president, joins CNBC’s Melissa Lee and the Options Action traders to talk Carnival Cruise Lines recent upturn.

Persons: Mike Khouw, Melissa Lee Organizations: Cruise, Options

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