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☆ These stocks are breaking out to the upside and may be poised for further gains
▼ + stars: | 2023-05-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The market may be trading in a tight range, but some stocks are breaking out of the sideways action to the upside, according to a closely watched technical indicator. Some stocks, however, are bucking this trend, and showing some momentum to the upside by closing above their 50-day moving averages. Cruise stocks dominated the list of names that punched above their 50-day averages last week. Other cruise and entertainment stocks also closed above their 50-day last week, including Norwegian Cruise Line , Carnival Cruise and Live Nation Entertainment . The stocks gained 6% and 1.9% for the week to close above their 50-day moving averages of $60.24 and $40.20, respectively.

☆ Recession talk tapers off on latest quarterly conference calls
▼ + stars: | 2023-05-02 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

May 2 (Reuters) - While Wall Street frets that the Federal Reserve's aggressive interest rate hikes will tip the U.S. economy into a recession, discussions on recent quarterly conference calls hint that corporations and analysts have become a bit less concerned. Reports for the first quarter broadly point to shrinking profits for the U.S.' largest companies but less than analysts feared. Reuters GraphicsDiscussion about economic downturns appears to have been relatively limited on recent quarterly analyst conference calls. Terms related to "recession" have been mentioned on 41% of conference calls held in recent weeks by companies in the S&P 500. That compares to 535 mentions on analyst calls for the entirety of the previous quarterly reporting season, equivalent to 1.1 mentions per call.

JPMorgan Chase & Co's (JPM.N) shares rose 3.1% to a near two-month high after the deal was announced earlier in the day. The S&P 500 Banks index (.SPXBK) gained 1.1%, while the KBW Regional Banking index (.KRX) shed 1.5%. Shares of regional banks PNC Financial (PNC.N) and Citizens Financial (CFG.N), that were among the bidders for First Republic, dropped 4.7% and 5.2%, respectively. "But regional banks will face higher cost of doing business for some time until confidence is rebuilt or there is a different regulatory scheme." Analysts now expect first-quarter earnings for S&P 500 companies to fall 1.9% from a year earlier, compared with a 5.1% fall expected at the start of April, according to Refinitiv data.

The S&P 500 Banks index (.SPXBK) gained 1.4%. Big banks such as Bank of America (BAC.N) and Wells Fargo & Co (WFC.N) rose 0.3% and 2.8%, respectively. First Republic's woes kicked off last week on a bleak note, but upbeat earnings from Alphabet Inc (GOOGL.O), Microsoft Corp (MSFT.O) and Meta Platforms Inc (META.O) helped the benchmark S&P 500 (.SPX) notch its second consecutive month of gain on Friday. Analysts now expect first-quarter earnings for S&P 500 companies to fall 1.9% from a year earlier, compared with a 5.1% fall expected at the start of April, according to Refinitiv data. The S&P index recorded 21 new 52-week highs and no new low, while the Nasdaq recorded 48 new highs and 47 new lows.

☆ Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand
▼ + stars: | 2023-05-01 | by ( Ananya Mariam Rajesh Anne Florentyna Gnanaraja Sekar | Ananya Mariam Rajesh | Anne Florentyna Gnanaraja Sekar | ) www.reuters.com time to read: +2 min

loss per share of 30 cents vs loss est. of 41 centsCompany says it sees "strong consumer demand"May 1(Reuters) - Norwegian Cruise Line Holdings Ltd (NCLH.N) raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on higher ticket pricing, pent-up demand and robust on-board spending from wealthy customers. Norwegian, which mostly caters to the affluent, has also been raising prices of its tickets to offset the impact from higher costs of fuel and food due to supply chain snags worsened by the Russia-Ukraine crisis. The company expects 2023 adjusted profit of 75 cents per share, compared with its earlier forecast of about 70 cents per share. Shares in the company were up about 1% in premarket trade, paring some gains after it forecast second-quarter adjusted earnings per share below estimates.

☆ Futures muted as Fed caution sets in, JPMorgan to buy First Republic
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +4 min

The rescue comes less than two months after a deposit flight from U.S. lenders Silicon Valley Bank and Signature Bank forced the Fed to step in with emergency measures to stabilize markets. Apple Inc (AAPL.O) is set to report later this week. Markets should take today's news in stride knowing that the repeated bank failures should now have the Fed back on its heels and defanged moving forward." ET, Dow e-minis were down 14 points, or 0.04%, S&P 500 e-minis were down 3.75 points, or 0.09%, and Nasdaq 100 e-minis were down 13.5 points, or 0.1%. Reporting by Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Futures muted ahead of Fed meet this week; First Republic Bank shares tank
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +3 min

Analysts now expect first-quarter earnings for S&P 500 companies to fall 1.9% from a year earlier, compared with a 5.1% fall expected at the start of April, according to Refinitiv data. Meanwhile, First Republic Bank's (FRC.N) shares tanked 38.5% in premarket trading. The rescue comes after the collapse of Silicon Valley Bank and Signature Bank in March, amid a deposit flight, forced the U.S. central bank to step in with emergency measures to stabilize markets. The KBW Regional Banking index (.KRX) and the S&P 500 Banks index (.SPXBK) have lost 22% and 10%, respectively, so far this year. ET, Dow e-minis were up 13 points, or 0.04%, S&P 500 e-minis remained unchanged, and Nasdaq 100 e-minis were down 1 point, or 0.01%.

☆ Stocks making the biggest moves premarket: First Republic, JPMorgan Chase, SoFi Technologies & more
▼ + stars: | 2023-05-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A view of the First Republic Bank logo at the Park Avenue location, in New York City, March 10, 2023. Check out the companies making headlines before the bell:First Republic Bank , JPMorgan Chase — First Republic shares were halted during premarket trading after falling more than 45%. The move comes after JPMorgan took control of First Republic after the beleaguered bank was taken over by regulators. SPDR S&P Regional Banking ETF — The regional banking fund fell 0.4% in premarket trading as investors reacted to the failure of First Republic. Norwegian Cruise Line — The cruise line stock jumped 3% after Norwegian Cruise Line Holdings beat first-quarter expectations on the top and bottom lines.

☆ Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more
▼ + stars: | 2023-05-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

NEW YORK, NEW YORK - APRIL 24: A person walks past a First Republic bank branch in Manhattan on April 24, 2023 in New York City. First Republic , JPMorgan Chase — First Republic shares and were halted after JPMorgan Chase acquired the ailing bank and most of its assets after regulators seized control. General Motors — The automaker gained 2% after Morgan Stanley upgraded General Motors to overweight from equal weight and called the stock oversold. — Regional bank stocks were volatile on Monday as investors reacted to the seizure and sale of First Republic Bank over the weekend. However, management said on the company earnings call Monday that demand for loans originating from the fourth quarter would see a lower monetization level due to higher interest.

☆ Russia’s battered wartime economy is still chugging along as it taps its wealth fund, raises taxes, and ramps up imports
▼ + stars: | 2023-05-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Shares of First Republic dropped more than 40% in pre-market trading today, while JPMorgan stock ticked 2.9% higher. Let's check in on Russia's wartime economy. To the surprise of many forecasters, Russia's economy has held up better than expected as it carries on into the second year of its war on Ukraine. And leaked documents, first reported by the Washington Post, suggest that Russia can fund its war for at least another year. Specifically, US intelligence says Moscow can rely on its sovereign wealth fund to help pay for its war efforts, as well as higher corporate taxes and ramped-up imports.

☆ Stock futures are flat after Dow notches best month since January
▼ + stars: | 2023-04-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

U.S. stock futures were flat in overnight trading Sunday after the major averages logged gains for April, and the Dow Jones Industrial Average notched its best month since January. Futures tied to the Dow dipped 30 points, while S&P 500 and Nasdaq-100 futures each inched 0.1% lower. The Nasdaq Composite advanced 0.69% as Big Tech earnings took center stage. For the month, the Dow gained 2.5% to notch its best monthly stretch since January, while the benchmark index gained 1.5%. "There was definitely a very positive surprise on the big tech earnings," said Jan Szilagyi, CEO of Toggle AI.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Markets next week have to contend with how aggressive the Fed drumbeat sounds
▼ + stars: | 2023-04-28 | by ( Scott Schnipper | ) www.cnbc.com time to read: +8 min

"Is Chairman Powell going to say, 'It is likely that we pause now and assess what the economy is going to do?' "The tone on that balance is going to be very critical to how the market is going to move next week." "What is [Powell] going to do? June Fed meeting The betting on Wall Street right now is that, after next week, the Fed will standpat at its next meeting six weeks later, on June 13-14. Beyond Apple, some 161 other companies in the S & P 500 index are scheduled to report latest-quarter results next week.

☆ Cruise workers reveal what happens if you quit your job in the middle of the ocean
▼ + stars: | 2023-04-27 | by ( Hannah Towey | ) www.businessinsider.com time to read: +7 min

If a cruise worker quits they have to pay for their flight home, current and former employees say. On a cruise ship, quitting your job is a luxury not all workers can afford. "What will happen is the cruise line will fly you home, but will deduct from your wages what you owe," Jim Walker, a Miami-based maritime lawyer who represents cruise workers and passengers, told Insider. What happens when you try to quit your job on a cruise shipFor the most part, resigning on a cruise ship looks logistically similar to any other job, except for the fact that you might be hundreds of miles away from home (or from any land, for that matter). Do you work on a cruise ship?

☆ I spent 5 nights in a 100-square-foot room designed for solo cruisers. Take a look inside the futuristic studio.
▼ + stars: | 2023-04-04 | by ( Lauren Mack | ) www.businessinsider.com time to read: 1 min

I stayed in a studio that was less than 100 square feet during my six-day cruise aboard the Norwegian Getaway. Lauren MackI booked my six-day trip aboard the Getaway directly through Norwegian Cruise Line just four days before the ship's departure. I reserved the last available studio for $700 (plus an additional $285 for taxes and service charges). Because they're single-occupancy cabins, the cruise line doesn't charge a supplemental fee to stay in them alone. Here's what it was like spending five nights in a studio that measured just under 100 square feet.

Persons: Lauren Mack Organizations: Norwegian Cruise Line Locations: Norwegian

☆ Themed cruises are more popular than ever and it's leading to ships selling out in record time
▼ + stars: | 2023-03-16 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Norwegian Cruise Line's themed cruises have been selling out in record time and Holland America plans to grow its partnership with charter companies. The passionate fans help cruise lines fill up ships and are some of the most loyal in the industry. Will ByingtonThese repeat bookings are music to the cruise lines' ears — it's a mutually beneficial operation for both the themed cruise production companies and the cruise lines themselves. To pull off these festivals at sea, themed cruise providers charter full ships from various cruise lines. "I think the themed cruise industry is going to grow even faster [than the general cruise industry]," Hearing said.

☆ This Cruise Line Can’t Turn You Down
▼ + stars: | 2023-03-09 | by ( Laura Forman | ) www.wsj.com time to read: 1 min

Norwegian Cruise Line says it can trim marketing spending while maintaining the momentum it has gained. The “Great Cruise Comeback” is complete, Norwegian Cruise Line Holdings Chief Executive Frank Del Rio declared last week. Yet, his business still hasn’t arrived at the destination that matters most to investors: a positive bottom line. In December, Norwegian said in a filing it would be undergoing a broad and continuing effort to improve operating efficiencies to attain sustained profitable growth. That initiative started with big-ticket items like a 9% head-count reduction in current and planned shoreside roles.

☆ Beware these stocks with high leverage as a potential recession looms, Wolfe Research says
▼ + stars: | 2023-03-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Concerns of an impending recession have become paramount in corporate America after the Federal Reserve began raising interest rates in a bid to cool inflation. Given this environment, Senyek screened for stocks that could be most vulnerable as interest rates rise and the economy slows. Norwegian Cruise Line also made the list, but for its estimated floating debt rate. TransUnion also raised a red flag for its 98% estimated floating debt rate. Despite the floating debt rate and lackluster earnings forecast, others are still optimistic about the credit reporting agency.

☆ Stocks making the biggest moves midday: Apple, Meta, Costco, Marvell, C3.ai and more
▼ + stars: | 2023-03-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Costco Wholesale — The retailer's shares dropped 3.4% after the company's fiscal second-quarter earnings missed analysts' expectations. Marvell Technology — The chip stock lost 7.3% after Marvell Technology reported mixed quarterly results and provided weak guidance. The move comes after Bumble announced it would price a secondary offering of 13.75 million shares of its common stock at $22.80 per share. The company earned an adjusted 37 cents per share, above the 29 cents expected by analysts, according to Refinitiv. The company posted a loss of 6 cents per share, compared to Refinitiv analysts' estimates for a 22 cent loss.

☆ Norwegian Cruise Line says wealthy customers are still splashing out on cruise trips despite the sluggish economy
▼ + stars: | 2023-03-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The parent company of Norwegian Cruise Line says passengers are still splurging on luxury trips. There's no indication that consumers are "shying away from taking cruise vacations," its CEO said. "We simply haven't seen any indication that the consumer is shying away from taking cruise vacations," Frank del Rio, the CEO of Norwegian Cruise Line Holdings, said at its earnings call Tuesday. The Miami-based company owns Norwegian Cruise Line, Regent Seven Seas, and Oceania, which currently have 29 ships between them. Del Rio said that Norwegian Cruise Line reported record sales in November, in part because of Black Friday and Cyber Monday sales.

☆ Norwegian Cruise sees weak annual profit as fuel, labor costs soar
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +1 min

Feb 28 (Reuters) - Norwegian Cruise Line Holdings Ltd (NCLH.N) on Tuesday forecast full-year profit below Wall Street estimates, as the cruise operator struggles with soaring fuel and labor costs even as travel demand bounces back. Cruise operators like Carnival Corp (CCL.N) and Norwegian Cruise Line Holdings (NCLH.N) have been struggling with rising interest rates, a stronger dollar and soaring food as well as fuel prices due to the conflict in Ukraine. The cruise operator forecast a profit 70 cents per share for 2023, compared with estimates for a profit of $1.06, according to IBES data from Refinitiv. The company forecast a loss of 45 cents per share for the first quarter, compared with estimates for a loss of 33 cents per share. Fourth-quarter revenue rose to $1.52 billion from $487.4 million a year earlier, compared with analysts' average estimate of $1.50 billion.

☆ Norwegian Cruise 2023 profit forecast falls short; shares slide
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

Feb 28 (Reuters) - Norwegian Cruise Line Holdings Ltd (NCLH.N) forecast for its first annual profit in three years fell short of estimates on Tuesday, as the cruise operator battles soaring fuel and labor costs. Shares fell about 7% in premarket trading after the company's first-quarter loss expectation was bigger than expected. The cruise operator forecast an adjusted profit of 70 cents per share for 2023, compared with estimates of $1.06, according to IBES data from Refinitiv. However, affluent passengers unaffected by high inflation have boosted booking volumes and occupancy rates, helping the company beat fourth-quarter revenue estimates. The "wave season" is the period during January - March where cruise operators offer special deals and discounts for the year to attract customers.

☆ Stocks making the biggest premarket moves: Dish, Target, Zoom, Arconic and more
▼ + stars: | 2023-02-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Dish Network — The satellite company's shares fell almost 5% amid its multi-day service outage and double-downgrade from Bank of America. Revenue also beat, but Target's full-year EPS guidance came in below expectations. Arconic — Shares fell 3.5% following a downgrade to sell from neutral by Goldman Sachs. Full-year revenue guidance came in lighter than expected, but its earnings guidance topped estimates. Workday — The human resources software fell 2.4% after its revenue guidance for the first quarter came in lighter than expected.

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Target, Advance Auto Parts and more
▼ + stars: | 2023-02-28 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Hims & Hers Health — Shares of the telehealth stock soared by 17% after the company reported quarterly results that surpassed estimates. However, Target's full-year earnings guidance came in below expectations. Zoom's full-year revenue guidance came in lighter than expected, but topped estimates on its earnings guidance for 2023. Norwegian Cruise Line Holdings — The cruise company fell 12% after reporting a wider-than-expected loss for the fourth quarter. Analysts surveyed by Refinitiv had forecast an 85 cents per share loss on revenue of $1.5 billion.

☆ Norwegian Cruise Line shares fall 10% as soft outlook, wider losses eclipse strong demand
▼ + stars: | 2023-02-28 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Norwegian Cruise Line shares fell more than 10% on Tuesday after the company posted wider losses than expected and offered soft guidance for the year, despite persistent travel demand. The cruise company reported fourth quarter losses of $1.04 per share, more than analysts' estimates of 85 cents. Norwegian is projecting losses of 45 cents per share in the first quarter, 10 cents higher than Wall Street had anticipated. "We've seen very, very strong record – near record booking levels dating back to November," said Del Rio. Royal Caribbean saw its stock jump after posting narrower than expected fourth quarter losses and bookings earlier in February.

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