|Day's Range||1.5500 - 1.5800|
Cruise shares are rocking again in midafternoon trading, with Norwegian Cruise Line Holdings (NYSE: NCLH) stock up 4.1%, and both Royal Caribbean (NYSE: RCL) and Carnival Corporation (NYSE: CCL) (NYSE: CUK) rising 4.9% apiece through 2:20 p.m. EDT. According to TravelPulse, a joint safety task force formed by Norwegian Cruise and Royal Caribbean called the "Healthy Sail Panel" is hard at work "developing practical social distancing measures" designed to help get cruise ships cruising safely again.
The first cruise ship with a roller coaster won't set sail until next year, but every day in 2020 has been a coaster ride for Carnival, Royal Caribbean, and NCL investors.
Investors need to pay close attention to Norwegian Cruise Line (NCLH) stock based on the movements in the options market lately.
Cruise ship stocks fell on Tuesday after reports of more voyage delays surfaced. Carnival said late on Monday its new Mardi Gras ship will not enter service until Feb. 6. Carnival was thus forced to cancel all of the ship's planned departures until the end of January.
Royal Caribbean Cruises (RCL) and Norwegian Cruise have team up to develop safety standards.
The coronavirus bear market was brutal to stocks early in the year, but the S&P 500 (SNPINDEX: ^GSPC) managed to recover much of its lost ground during the second quarter. With the help of some high-flying technology and biotech companies, the S&P is down just 4% at the midway point in 2020. Let's take a closer look at the three S&P stocks with the worst performance so far in 2020 to see if they have a fighting chance to recover.
On Monday, Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd announced a joint task force to help develop safety standards for restarting their businesses during the coronavirus pandemic. The “Healthy Sail Panel,” co-chaired by former Utah Governor Mike Leavitt and former U.S. Food and Drug Administration Commissioner Scott Gottlieb, is advising the companies on restart plans they will submit to the U.S. Centers for Disease Control and Prevention (CDC) and other regulators at the end of August. The panel plans to share its findings with the entire cruise industry and regulators.
Cruise industry competitors Norwegian Cruise Line Holdings (NYSE: NCLH) and Royal Caribbean (NYSE: RCL) have formed a panel of health and safety experts to create a template for operating safely once the companies resume operations. The industry's trade group, Cruise Lines International Association (CLIA), announced last month that the industry has voluntarily agreed to postpone restarting cruise operations from U.S. ports until at least the middle of September 2020. The companies say they have established the "Healthy Sail Panel" to be co-chaired by former U.S. Food and Drug Administration (FDA) commissioner Dr. Scott Gottlieb, and former Utah Governor and Secretary of Health and Human Services Mike Leavitt.
In the latest trading session, Norwegian Cruise Line (NCLH) closed at $16.42, marking a -0.06% move from the previous day.
AAA Northeast’s Robert Sinclair joins The First trade to discuss the difficulties surrounding the summer travel businesses and what these businesses have done to adapt.
Norwegian Cruise Line (NCLH) closed at $16.08 in the latest trading session, marking a +1.77% move from the prior day.
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Cruise ship stocks fell on Wednesday after Norwegian Cruise Line Holdings (NYSE: NCLH) extended the suspension of its voyages for several more months. As of 11 a.m. EDT, shares of Norwegian, Royal Caribbean (NYSE: RCL), and Carnival (NYSE: CCL) (NYSE: CUK) were down 7%, 8%, and 6%, respectively. After the market close on Tuesday, Norwegian announced that it was suspending nearly all voyages across its Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands that were scheduled to embark between Aug. 1 and Sept. 30.
Norwegian Cruise (NCLH) has extended suspension includes all voyages for Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises embarking between Aug 1 and Sep 30.
The company noted that it "will continue to work in tandem with the U.S. Centers for Disease Control and Prevention," and other authorities "to ensure the health, safety and security of guests, crew and the communities visited." Absent an extension of that order, one would ordinarily expect Norwegian Cruise to be able to resume sailing by August at the latest (as it had previously implied). After its announcement about the cancellations of additional cruises, however, Norwegian stock turned around and sank as much as 12% in after-hours trading.
Norwegian Cruise Line Holdings Ltd. (“Norwegian” or “the Company”) (NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today announced an extension of its previously announced suspension of global cruise voyages to include all voyages embarking between August 1 and September 30, 2020 for its three cruise brands. The voyage cancellations exclude September Seattle-based Alaska voyages.
Investment banker J.P. Morgan predicted "a reasonable, albeit slow, recovery in operations" for cruise lines Carnival Corporation (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) last week, but said shares would "remain choppy and range-bound until investors receive more clarity" on such data points as, well, precisely when the CDC will permit cruise lines to resume cruising. Today, on a no-news day for the cruise industry, shares of Carnival, Norwegian Cruise, and Royal Caribbean stock are busting out all over, each up more than 10% in early trading.
Yahoo Finance’s Adam Shapiro and Julie Hyman break down Monday’s trending headlines.
Cruise line stocks were big winners during the first week of June. Shares of Carnival (NYSE: CCL) (NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) declined sharply this week, even if they ultimately only gave back a chunk of the prior week's gains in which the three publicly traded operators soared between 34% and 43%. Let's take a closer look at the week that was for the cruise line industry.
Norwegian Cruise Line (NCLH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.