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☆ This cruise line stock can rally another 45% after more than doubling to start the year, Jefferies says
▼ + stars: | 2023-06-30 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Analyst David Katz upgraded Carnival to buy from hold, saying Friday the cruise line operator is benefiting from a number of changes that improves its outlook. CCL 1D mountain Carnival shares 1-day "Despite the strong YTD performance, we believe the journey from a good trade to long-term investment case remains ahead," Katz wrote. Carnival shares more than doubled this year amid a broader rally for cruise line stocks. Carnival shares rose 2% in the premarket. The firm's leadership is also ramping up sales and marketing efforts to drive demand.

Persons: Jefferies, David Katz, Katz, — CNBC's Michael Bloom Organizations: CCL, TAM

June 26 (Reuters) - Cruise operator Carnival (CCL.N) on Monday forecast third-quarter profit largely below estimates as rising marketing and labor costs eat into gains from higher ticket prices and strong demand. The company's shares, which have surged nearly 80% in the past two months on resurgent demand for cruises, dropped 11%. 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: David Bernstein, Michael Erstad, Juveria Tabassum, Ananya Mariam Rajesh, Vinay Dwivedi Organizations: Peers, Cruise Line Holdings, Royal Caribbean Group, Thomson Locations: Bengaluru

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

☆ 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

☆ A video captured a Carnival cruise passenger climbing between balconies. Other people on board cheered him on.
▼ + stars: | 2023-05-18 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

A male passenger was seen on video climbing between balconies on a Carnival cruise. A video shows a passenger climbing in between balconies on a Carnival cruise as several people cheer him on. In a video posted by the industry website Cruise Hive, a male passenger is shown struggling to climb on a ledge on Carnival's Mardi Gras cruise ship. It's not the first time passengers were caught on video flouting the rules on a Carnival cruise. In April, Carnival banned at least two passengers for life after a TikTok showed them fishing from their room's balcony.

☆ Carnival cruise passengers said other cruisers cheered — and jeered —when their ship rescued 24 migrants adrift at sea
▼ + stars: | 2023-04-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

A Carnival cruise ship rescued 24 migrants lost at sea last week, two passengers told Insider. A spokesperson for the company said cruise ships often come to the aid of boats in distress. "It makes your heart sad when you know these people are so desperate," Senn told Insider. A Carnival spokesperson told Insider that the ship's medical team found all 24 people to be in good condition. Though primarily designed as vacation vessels, large cruise ships often come to the aid of those in peril on the sea.

March 27 (Reuters) - Cruise operator Carnival Corp (CCL.N), (CCL.L) on Monday reported a smaller-than-expected quarterly loss and beat estimates for revenue, helped by resilient demand for leisure travel, higher ticket prices and strong on-board spending. Carnival also benefited from easing of on-board COVID-19 protocols that ensured strong spending in casinos and spas. On-board and other revenue came in at $1.56 billion and accounted for 35% of the total revenue in the first quarter. The company posted an adjusted net loss of 55 cents per share in the quarter, compared with estimates of a loss of 60 cents per share, according to Refinitiv. The company expects an annual loss between 28 cents per share and 44 cents per share, compared with estimates of a loss of 8 cents.

☆ Buy this risky cruise stock before earnings next week, Stifel says
▼ + stars: | 2023-03-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The recent sell off in Carnival Corp. has created an opportunity before the cruise operator reports earnings on Monday, according to Stifel. The cruise line operator's stock was down 13.2% this month, through Thursday's close. Based on Carnival's history of providing super-conservative initial guidance, Wieczynski is forecasting the cruise line's full-year EBITDA forecast will be $4.0 billion-$4.3 billion. CCL 5Y mountain Carnival's five-year performance Carnival's stock has been volatile since the start of the Covid pandemic, which shut down the cruise industry. But long term, he also believes Carnival is a buy, based on the resilience of core consumer demand for the global cruise industry's offerings.

☆ With ostrich feathers and flying oranges, Belgian carnival returns after COVID
▼ + stars: | 2023-02-21 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +3 min

"That is more visitors than the year before the COVID pandemic," said the spokesman, Patrick Haumont. "For two years in a row, there was no carnival and people missed all this, they missed the carnival, they missed the party." On reaching the town's main square for the parade's big finale, the Gilles don elaborate ostrich feather hats weighing several kilograms. Pierrots, sailors, harlequins and peasants follow in the procession, small bells sewn to their costumes ringing as local brass bands play the streets. Additional reporting by Clement Rossignol and Bart Biesemans, Writing by Gabriela Baczynska; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ The art of the buffet: Cruise chef of two decades explains how ships feed thousands of passengers at sea
▼ + stars: | 2023-02-03 | by ( Hannah Towey | ) www.businessinsider.com time to read: +7 min

Marco Goetz has worked on some of the world's largest cruise ships as an executive chef. "On land, your daily routines are more organized — you know what is coming," Goetz told Insider. The art of the buffetGuests are served food in the Marketplace buffet onboard the cruise ship MSC Virtuosa. Throughout the cruise, buffet options are adjusted in accordance with guests' nationalities, Goetz told Insider. But, cruise ship workers receive living quarters (most chefs have their own cabin) and meals for free.

☆ 5 cruise workers reveal the best and worst parts of their jobs — from in the kitchen to on stage
▼ + stars: | 2023-01-31 | by ( Hannah Towey | ) www.businessinsider.com time to read: +8 min

Most jobs onboard cruise ships require grueling hours, cramped cabins, and no days off. Insider talked to 5 cruise workers about the best and worst parts of their jobs. Insider spoke with five cruise ship workers including a dancer, musician, chef, and photographer about the best and worst parts of their jobs. And nearly all cruise workers — with entertainers being a notable exception — do not have protected days off until their contract is complete. For many, the unique jobs available on cruise ships are a more intriguing alternative to 9-to-5 desk jobs.

☆ Veteran cruise-goer says Carnival's inadvertent 'cruise to nowhere' dimmed her vacation dream of getting some peace and quiet on the boat
▼ + stars: | 2023-01-26 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

The Carnival Sunshine became a "cruise to nowhere" after windy weather kept the ship from docking. Longtime cruiser Margie Marsh told Insider she hadn't even planned to get off the boat in the first place. But the cancelled port stop challenged her efforts to seek peace and quiet onboard the ship. Another passenger onboard the Carnival Sunshine told Insider earlier this month that the cancellation was a massive disappointment for her family, all of whom were first-time cruise goers and international travelers. Cruise goers told Insider each stateroom also received a $100 onboard credit, as well as a voucher for money off a future cruise.

☆ Upside surprises — Credit Suisse predicts these stocks will have a big 2023
▼ + stars: | 2023-01-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Certain names will surprise to the upside in 2023, according to Credit Suisse, in what's expected to be another volatile year for the stock market. Credit Suisse predicts Carnival will see upside to estimates for earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2023 and 2024. Carnival has 47% upside to Credit Suisse's $16 price target, as of Wednesday's close. CCL mountain 2020-01-26 Carnival's performance since late January, 2020 Meanwhile, FedEx had a challenging 2022 but could rally nearly 27%, according to Credit Suisse's $238 price target. Nvidia shares have more than 8% upside to Credit Suisse's $210 price target.

Rooted in the Middle Ages, the Binche carnival, a UNESCO World Heritage event, is one of Europe's oldest surviving street carnivals and the biggest in Belgium. The costumes include ostrich-feather hats, wooden clogs, bells and wax masks, elements which the Kersten family have been designing and making for five generations. "This year, we are celebrating the 120th anniversary of the start of the 'Gilles de Binche' costumes production", said 57-year-old Fanny Kersten, who has been making costumes with her father for 33 years. The Binche carnival's cancellation in 2021 and 2022 due to the COVID-19 pandemic was a "black hole" for the business, Kersten said, adding "we couldn't even imagine a future for the carnival." It was the first time the carnival was cancelled since World War Two, significantly reducing costume makers' income from renting out their pieces.

☆ A Carnival cruise to the Bahamas became a 'cruise to nowhere' after inclement weather kept passengers stuck onboard the entire trip
▼ + stars: | 2023-01-19 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Windy weather forced a Carnival cruise ship to cancel its only planned port stop earlier this month. Passengers onboard received partial refunds and compensation for the unexpected cancellation. Passenger Kat O'Donnell told Insider the decision was disappointing. "It was the first time either one of us have ever gone out of the country," she told Insider. The Carnival Sunshine cruise ship docked in South Carolina in March 2020.

☆ Cruises bookings for under $60 a day are all the rage, but sometimes you get what you pay for. Here's what you need to know before booking.
▼ + stars: | 2022-12-30 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

There are almost 420 cruises sailing in 2023 for $60 a day or less. What you pay for is what you get: Some of these cheap cruise itineraries aren't necessarily glamorous. Cruise Sheet saw record bookings for 2022 itineraries from spring into early summer, Smith told Insider in July. But just because the brand is recognizable doesn't mean the cheap cruise ship will be as flashy as Royal Caribbean's new Wonder of the Seas. Similarly, in 2022, hospitality giant Margaritaville's converted a 30-year-old cruise ship into its first cruise vessel, the Margaritaville at Sea Paradise.

☆ Nigeria dance carnival helps residents reclaim the streets
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +2 min

Residents of Oworonshoki have seen their share of violence, with robberies and tit-for-tat gang murders once commonplace in this part of Nigeria's vast, boisterous commercial capital. Days of dance workshops culminated with an all-day carnival aiming to reclaim the streets and reduce tensions between rival gangs. "I've been able to achieve a big goal in my life, and Slum Party has really changed a whole lot for me," he said. Community leader Oriyomi Akeem said Slum Party has helped bring peace to a neighbourhood once known as a no-go area overrun by gangs. Ozegbe-Obiajulu hopes the carnival's success could be replicated by people in other troubled areas of Nigeria and beyond.

☆ Stocks making the biggest moves midday: Hasbro, Salesforce, Carnival, Lockheed Martin & more
▼ + stars: | 2022-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Hasbro — Shares of the toy company dipped 2.3% after the company reported third-quarter earnings that missed expectations. Salesforce — Salesforce shares gained 5.2% after Starboard Value revealed to CNBC that it has taken a "significant" stake in the software giant. Carnival Corporation — Shares of the cruise company jumped more than 12% after one of Carnival's subsidiaries began an offering of $1.25 billion of senior priority notes due 2028. Goldman Sachs — Goldman Sachs rallied 3% after beating third-quarter analyst expectations for profit and revenue on better-than-expected trading results. Lockheed Martin — Shares of the aerospace company jumped 8.5% after Lockheed reported third-quarter earnings of $6.87 per share excluding items, which was higher than a Refinitiv estimate of $6.66 per share.

☆ Carnival shares shed 23% on ballooning costs, dragging cruise stocks lower
▼ + stars: | 2022-09-30 | by ( Jack Stebbins | ) www.cnbc.com time to read: 1 min

The brand new Carnival Cruise Line ship Mardi Gras, docked at Port Canaveral, Florida, on July 30, 2021. Shares of Carnival fell below their pandemic lows Friday after the cruising company posted third-quarter earnings that revealed higher costs associated with inflation, supply chain disruptions and the maintenance of health and safety protocols. Shares of Carnival shed 23% during the session. The stock closed at a new 52-week low of $7.03, below its pandemic plunge lows of April 2020, when shares traded around $7.80 intraday. Shares of Norwegian and Royal Caribbean also fell Friday, down 18% and 13%, respectively.

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