Keep an eye on Carnival (CCL).
After a slight pullback to $9.87, the stock could run again. All after the company said future bookings hit record volumes, and reported an increase in demand. According to a company press release, the company is “enjoying a phenomenal wave season, achieving our highest ever quarterly booking volumes and breaking records in both North America and Europe. Our strong performance has extended into March and we expect this favorable trend to continue based on the success of our efforts to drive demand.”
Helping, according to TheFly.com: Macquarie analyst Paul Golding raised the firm’s price target on Carnival to $11 from $10 to reflect normalized FY24 operations with mitigated headwinds from fuel and labor costs, while keeping an Outperform rating on the shares. The firm notes Carnival reported strong Q1 results last week, beating on most metrics. Q1 saw the busiest Wave season drive strong momentum for FY23, Macquarie adds.