DIRS.INFO The most relevant business & tech news

☆ Stock futures inch higher as Wall Street braces for final trading day of February: Live updates
▼ + stars: | 2023-02-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stocks futures rose slightly in overnight trading as investors braced for the final trading day of February. Futures tied to the Dow Jones Industrial Average gained 30 points, or 0.10%, while S&P 500 and Nasdaq 100 futures added 0.12% each. Zoom Video surged nearly 8% in overnight trading on strong earnings, while Occidental Petroleum 's stock fell 1% after posting a top-and-bottom line miss. The Dow Jones Industrial average rose 72.17 points or 0.22%, while the S&P 500 and Nasdaq Composite gained 0.31% and 0.63%, respectively. Both the S&P 500 and Nasdaq are positive in 2023, but down 2.3% and 1%, respectively, in February.

☆ These consumer stocks may have underpriced options ahead of earnings, Goldman says
▼ + stars: | 2023-02-26 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Uncertainty in the consumer sector has created a potential options opportunity for investors in the final weeks of earnings season, according to Goldman Sachs. The average large-cap Consumer Staples stock has moved +/-3.7% on the day of earnings, inline with options implied moves and above the 17-year average of +/-3.2%," the note said. Additionally, Goldman analyzed the components of SPDR's consumer discretionary ETF (XLY) and consumer staples ETF (XLP) and found there are several stocks in both groups whose options are implying unusually low volatility, according to Goldman. "One-month implied volatility on the average XLY stock is only in its 44th percentile relative to the past year, despite upcoming earnings (35th percentile for the XLY ETF). The companies below are scheduled to report earnings before the next monthly options expiration date on March 17 and have options prices that are implying below average volatility.

☆ Stocks are reversing course as inflation looks sticky with more retail earnings on deck
▼ + stars: | 2023-02-24 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

The optimism about inflation and the U.S. economy is quickly waning on Wall Street, and the early 2023 rally for stocks is fading. The market was under pressure again on Friday after a hotter-than-expected reading for personal consumption expenditures, sending rates higher and stocks lower. Economic updates Next week brings a new round of economic indicators to see how the sticky inflation is affecting consumers and business. Other looks at the economy will come through key earnings reports. Speech by Fed Governor Christopher Waller Friday: 9:45 a.m. Markit Services PMI 10:00 a.m. ISM Services PMI 3:00 p.m.

☆ Inflation takes a back seat to earnings next week as stocks look to bounce back
▼ + stars: | 2023-02-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +7 min

The latest Fed projection for the so-called terminal rate — the level where the rate hikes stop — was just over 5%. Before this past week, those intraday levels hadn't been seen since November 2022. ET: ISM Services Looking back January's hot reading on core PCE on Friday was the most influential economic number of the past week. In Club earnings this past week, Nvidia (NVDA) was certainly the highlight. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Cruise lines are raising gratuity and other fees amid a historic flood of cheap cruises
▼ + stars: | 2023-02-18 | by ( Brittany Chang | ) www.businessinsider.com time to read: +3 min

Cruise lines like Carnival and Norwegian have either raised daily gratuities, WiFi fees, or both. Cruise lines have seen an increase in onboard spending as they continue to add more premium amenities and dining. Others, like Norwegian Cruise Line, are raising the daily tip rate up to $5 for passengers staying in higher-end staterooms and suites. Meanwhile, Carnival has raised both daily gratuity and WiFi fees, the latter by $5 for premium WiFi. An increase in WiFi fees is just a "natural inflationary price increase," Patrick Scholes, an analyst at Truist Securities, told Insider.

☆ These are the top 10 holdings of the AI-driven investment fund powered by Watson that has been crushing the market this year
▼ + stars: | 2023-02-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The AI Powered Equity ETF has doubled the performance of the S&P 500 so far in 2023. These are the top 10 holdings in the AI Powered Equity ETF that's driven by IBM's Watson. One ETF has been utilizing aspects of artificial intelligence to drive its investment decisions since its launch in 2017: the AI Powered Equity ETF. These are the top 10 holdings in the AI Powered Equity ETF that's driven by IBM's Watson supercomputer. Norwegian Cruise Line HoldingsTicker: NCLH% of ETF: 1.9%Industry: Cruise Ships6.

☆ This week's best performers include Meta Platforms and an orthodontics stock
▼ + stars: | 2023-02-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite are headed for fresh weekly gains, but they haven't come without their fair share of volatility. The S & P 500 tech sector is up 4% week to date, while the communications services sector has rallied 6%. Meta was one of the notable high-performing tech stock this week, jumping 27.5% after posting its earnings results. Another tech stock that saw solid gains this week was AMD , which rose 16% for the week. The company also announced its quarterly results this week, with earnings and revenues coming above what Refinitiv analysts had anticipated.

☆ A passenger alleges she got HIV after being raped by a Princess Cruises crew member
▼ + stars: | 2023-01-19 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +8 min

A woman sued Princess Cruises on January 3, alleging she was raped by a crew member on a ship. Princess faced a similar lawsuit in 2019 by a woman who alleged she was raped by a crew member. Princess Cruises did not immediately return Insider's request for comment. The majority of all reported sexual assaults aboard a Princess Cruises vessel since 2010 involved a crew member, according to Insider's analysis. Of 17 reported sexual-assault incidents since January 2010, Princess Cruises employees were accused in 15 cases — or about 90% of them, DOT data shows.

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Allstate, Roblox and more
▼ + stars: | 2023-01-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

A Norwegian Gateway cruise ship leaves from the Manhattan port during sunset in New York City, United States on April 10, 2022. Vornado Realty Trust — Shares of the real estate investment trust shed 3.3% after cutting its quarterly dividend to 37.5 cents per share from 53 cents. Roblox — Roblox shares shed 6% following a downgrade to an underweight rating by analysts at Morgan Stanley. Alcoa — Shares of the aluminum company fell 4.6% on Thursday after the company announced its fourth quarter results. Alcoa's adjusted fourth quarter loss was 70 cents per share, narrower than the 81 cent loss expected, according to StreetAccount.

☆ This week's best performers include two airlines and a media stock expected to rally 48%
▼ + stars: | 2023-01-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

United Airlines has 5% upside to the average analyst price target and its stock is rated a buy by 48% of the analysts covering it. However, American Airlines average price target implies 4% downside and just 9% of the analysts covering it have a buy rating. Discovery to rally almost 49%, according to the average price target. The media company, which gained 16% this week, is rated a buy by 46% of the analysts covering the stock. Meanwhile, Royal Caribbean has 6% upside to the average price target and a buy rating from 42% of the analysts covering the stock.

☆ Stocks making the biggest moves premarket: Oak Street Health, Frontline, Boeing and more
▼ + stars: | 2023-01-10 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Oak Street Health – Shares of Oak Street Health surged 36% after a Bloomberg report that CVS is exploring options to buy the health care company for more than $10 billion. Frontline –The shipping stock surged more than 24% in premarket trading after Frontline announced that it was terminating its combination with Euronav. Boeing — The aerospace giant fell more than 2% after Morgan Stanley downgraded Boeing to equal weight from overweight, citing a lack of potential upside from current levels. Meanwhile, the firm upgraded competitor Royal Carribean, which added 0.3% in the premarket, to equal weight from underweight.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Big Microsoft AI bet, defensive rotation
▼ + stars: | 2023-01-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Microsoft and Alphabet are both Club stocks. Boeing (BA) downgraded to equal weight from overweight (hold from buy) at Morgan Stanley (MS). Wells Fargo upgrades AT & T (T) to overweight from equal weight (buy from hold); price target up to $22 per share from $17. On the seas, Morgan Stanley downgrades Norwegian Cruise Line (NCLH) to underweight from equal weight (sell from hold). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Morgan Stanley upgrades Royal Caribbean, calls company the 'superior cruise operator' coming out of the pandemic
▼ + stars: | 2023-01-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Morgan Stanley is getting more optimistic on shares of Royal Caribbean after rough patch of sailing during the pandemic. Analyst Jamie Rollo upgraded the cruise stock to equal weight from underweight, calling it the "superior cruise operator" coming out of the Covid. fuel) vs peers," Rollo said. Along with the upgrade, Rollo raised his price target on the stock to $50 from $40 a share. His adjusted $11.50 price target from $13 a share means the stock stands to lose nearly 17% from Monday's close.

☆ Judge Orders Cruise Companies to Pay More Than $436 Million for Docking at Seized Terminal in Cuba
▼ + stars: | 2023-01-07 | by ( Mengqi Sun | ) www.wsj.com time to read: +3 min

Four major cruise lines say they will appeal a recent ruling that would force them to pay roughly $436 million in total damages to a company that owned a port terminal in Havana prior to the Cuban Revolution. The ruling in favor of Havana Docks Corp., owner of the Havana Cruise Port Terminal before the Cuban revolution, marked an important milestone for Cuban-Americans seeking compensation for property confiscated by the Castro regime. Mickael Behn, a descendant of the original owners of Havana Docks. The verdict in favor of Havana Docks is the first from a district court, the data shows. The ruling comes after the judge in the case, Beth Bloom, signaled last March that she agreed that the use of the Cuban port constituted trafficking in confiscated property owned by Havana Docks.

☆ Dow Industrials Inch Lower After Regulators Seize First Republic
▼ + stars: | 2023-01-05 | by ( Ryan Dezember | ) www.wsj.com time to read: 1 min

Cruise-line shares gained as Norwegian Cruise Line Holdings said its first-quarter revenue tripled and bookings rose to a record. Photo: Joe Raedle/Getty ImagesMajor stock indexes hardly budged Monday after regulators seized ailing lender First Republic Bank and agreed to sell the bulk of its operations to JPMorgan Chase . The sale pre-empts a chaotic collapse of the San Francisco-based lender that investors feared could reignite March’s banking turmoil and instead puts the spotlight back on the Federal Reserve’s interest-rate decision on Wednesday.

☆ Stocks making the biggest moves midday: Wynn Resorts, Microsoft, Honeywell, Salesforce and more
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."

☆ Cruise lines to appeal U.S court's big award to owner of Havana dock
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] Royal Caribbean logo is seen displayed in this illustration taken, May 3, 2022. U.S. District Judge Beth Bloom in Miami ruled last week to award a total of $440 million to the plaintiff, Delaware-registered Havana Docks Corp; registered to two U.S. citizens who claim to be descendants of the original owners of the Havana Cruise Port Terminal. It comes after Bloom ruled in March that the use of the port constituted trafficking in confiscated property owned by Havana Docks Corp. Royal Caribbean in a comment to Reuters said it "disagree(d) with the ruling and will appeal. Havana Docks sued the cruise lines under the Helms-Burton Act, which allows U.S. nationals to sue over use of property seized in Cuba after 1959.

☆ U.S. judge orders Norwegian Cruise Line to pay $110 mln for use of Cuba port
▼ + stars: | 2022-12-30 | by ( Brian Ellsworth | ) www.reuters.com time to read: +1 min

MIAMI, Dec 30 (Reuters) - Norwegian Cruise Line (NCLH.N) must pay $110 million in damages for use of a port that Cuba's government confiscated in 1960, according to a ruling by a U.S. judge released on Friday. The decision by U.S. District Judge Beth Bloom in Miami follows her March ruling that the use of the Havana Cruise Port Terminal constituted trafficking in confiscated property owned by the plaintiff, Delaware-registered Havana Docks Corp."Judgment is entered in favor of Plaintiff Havana Docks Corporation and against Norwegian Cruise Line Holdings, Ltd," reads the decision. "Plaintiff is awarded $109,848,747.87 in damages," it says, adding that Norwegian should also pay an additional $3 million in legal fees and costs. Norwegian Cruise Line did not immediately respond to a request for comment. Havana Docks had also sued cruise lines Carnival (CCL.N), Royal Caribbean (RCL.N) and MSC under the Helms-Burton Act, which allows U.S. nationals to sue over use of property seized in Cuba during the Cold War era.

☆ Stocks making the biggest moves midday: Mission Produce, Nutanix, Alphabet, Tesla and more
▼ + stars: | 2022-12-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices, which jumped Friday on expectations of a drop in Russian crude supply. Biogen — The biotech stock declined fell slightly after Biogen's Japanese partner Eisai said a third person has died during a trial of their experimental Alzheimer's treatment, confirming Reuters reports. Carnival , Norwegian Cruise Line — Cruise line operators declined as fears of a recession weighed on consumer discretionary stocks, which was one of three worst performers in the S&P 500. Shares of Carnival were down more than 4%, while Norwegian Cruise Line was down more than 2%. Mission Produce — Shares of the avocado producer dropped more than 14% after the company reported financial results for its most recent quarter.

☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.

☆ UBS downgrades Norwegian Cruise Line, says stock is less attractive after rally
▼ + stars: | 2022-12-13 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Norwegian Cruise Line 's recent rally makes the risk-reward outlook less attractive, according to UBS. Analyst Robin Farley downgraded the stock to neutral from buy and cut her price target by $5 to $19. Farley noted the stock notably has outperformed the S & P 500 since October and that increase is making it less attractive to buy. The cruise line has added more than 30%, while the broader index added over 11%. She also said Norwegian is feeling "pinched" by inflation more than competitors, with it being the sole cruise line experiencing wage pressure.

☆ Stocks making the biggest moves midday: Moderna, First Solar, Pinterest, Norwegian Cruise Line and more
▼ + stars: | 2022-12-13 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Moderna – The drugmaker saw its stock soar 19.6% after the company issued promising data about its cancer treatment. First Solar – The solar stock added 4.5% following an announcement on Monday that it will replace Fortune Brands Home & Security in the S&P 500 . Pinterest – Shares of the social media company climbed 11.9% after Piper Sandler upgraded Pinterest to overweight from neutral. Norwegian Cruise Line – The cruise giant shed 2.8% after UBS downgraded the stock to neutral from buy.

☆ S&P, Nasdaq extend losing streaks amid rising recession worries
▼ + stars: | 2022-12-07 | by ( David French | ) www.reuters.com time to read: +5 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2022. For the benchmark S&P 500 (.SPX), it was the fifth straight session that it has declined, while the Nasdaq (.IXIC) finished down for the fourth time in a row. The S&P 500 (.SPX) lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite (.IXIC) dropped 56.34 points, or 0.51%, to finish at 10,958.55. The S&P 500 is on track to snap a three-year winning streak. The S&P 500 posted seven new 52-week highs and seven new lows; the Nasdaq Composite recorded 61 new highs and 307 new lows.

☆ JPMorgan double downgrades Royal Caribbean Group, says it's 'more vulnerable' to macro pressures
▼ + stars: | 2022-12-06 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Sell shares of Royal Caribbean Group as they could fall 20% from here, JPMorgan said Tuesday. Analyst Daniel Adam double downgraded shares to underweight from overweight, and slashed his price target, saying that Royal Caribbean is "more vulnerable" to macro pressures than its peers because of its future capital commitments. To be sure, Royal Caribbean has some advantages, including an 18% share of the cruise market that is expected to have a better setup heading into 2023. Shares of Royal Caribbean are down roughly 22% this year. The analyst's December 2023 price target of $47, cut from the December 2022 price target of $106, suggests roughly 20% downside from Monday's closing price.

☆ Carnival’s Princess Cruises will return to Japan in March 2023 after nearly three-year hiatus
▼ + stars: | 2022-12-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

People look out from aboard the Grand Princess cruise ship, operated by Princess Cruises, as it maintains a holding pattern about 25 miles off the coast of San Francisco, California on March 8, 2020. Princess Cruises, a Carnival Corporation brand, is resuming trips in its homeport of Japan early next year, the company said in a press release on Friday. Japan initiated the cruise ban in March 2020 after a fatal coronavirus outbreak took place in February on the Diamond Princess, a Princess cruise ship. Since Japan reopened to international cruises, other vacation ships are gearing up to return to the country. Japan joins a growing pool of countries warming back up to cruise tourism after hitting pause for Covid.

Search resuls for: "Norwegian Cruise"

25 mentions found