CCL Stock Recent News
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CCL's strategic marketing efforts, baseloading strategy and fleet optimizations position it well for future growth.
Wall Street is undervaluing these companies' future growth.
Contrary to a common assumption, not every good stock is now miles above its pandemic-prompted low.
On a day when the benchmark S&P 500 index hit a record high, Carnival Corporation's CCL popping 7% to its highest level in more than 2 years says a lot. As one of the hardest hit industries during the COVID pandemic, cruise lines have been closely watched in recent years to see if they can get back to pre-pandemic levels.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Nike's earnings reveal ongoing struggles with lower sales volumes, particularly in China, despite higher average selling prices, highlighting potential consumer softness even before recent stimulus efforts. Conagra's shift from 'price over volume' is becoming problematic, as both price and volume declines suggest broader challenges for consumer goods companies navigating a less forgiving market environment. Constellation Brands outshined peers by leveraging competitor setbacks, achieving higher volumes and better pricing while reinvesting improved margins into marketing to strengthen brand positioning.
Carnival has been rallying of late -- but can it go even higher?
Cruise stocks got a lift from a Wall Street analyst following Carnival's earnings.
Here is how Carnival (CCL) and Norwegian Cruise Line (NCLH) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.