Largest 52-Week Losses

Near Its All-Time Low, Is Norwegian Cruise Line Stock a Buy?

Without revenue from normal operations since March, Norwegian Cruise Line Holdings (NYSE: NCLH) has seen its shares plummet as the COVID-19 pandemic turned the travel industry on its head. Costs have been cut dramatically, an entire fleet of ships idled, customers appeased with refunds or 125% credits toward new trips, and liquidity bolstered to survive 18 months without revenue.

Why Is United (UAL) Down 5.2% Since Last Earnings Report?

United (UAL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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  Why Is Edison International (EIX) Down 1% Since Last Earnings Report?

  Zacks
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  Why Is Marsh & McLennan (MMC) Up 8.8% Since Last Earnings Report?

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Why Is American Airlines (AAL) Down 12.6% Since Last Earnings Report?

American Airlines (AAL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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  Why Is Applied Industrial Technologies (AIT) Up 10.7% Since Last Earnings Report?

  Zacks
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  Emergent Biosolutions (EBS) Up 12.9% Since Last Earnings Report: Can It Continue?

  Zacks

4 Oil Stocks to Avoid in June

The price of oil seems to be trending upward; maybe this is a buying opportunity. Four stocks in particular to avoid in June are Halliburton (NYSE: HAL), United States Oil Fund (NYSEMKT: USO), Occidental Petroleum (NYSE: OXY), and Patterson-UTI Energy (NASDAQ: PTEN). Here's why these Motley Fool contributors say you shouldn't be tricked into picking up shares of these likely underperformers.

American Airlines Plans To Cut 30% Of Its Management Staff

American Airlines Group Inc (AAL) said it plans to cut 30% of its management and support staff (MSS) to reduce costs as the debt-strapped U.S. airline grapples with the financial fallout of the coronavirus pandemic.Affected employees will be notified of the layoffs in July, but will remain on payroll through Sept. 3, and will receive full pay and benefits through the U.S. CARES Act Payroll Support Program. The indebted airline is also offering a voluntary early out program for MSS employees but if there are not enough volunteers it will begin layoffs.“We will be a smaller airline, with fewer routes and fewer flights,” Elise Eberwein, Executive VP, wrote in a memo to employees. “Our preferred outcome is to properly size our frontline team for the future without having to implement involuntary furloughs. This is a goal, though, not a commitment, and a stretch goal at that.”Eberwein added that the airline has already taken a number of steps to downsize with nearly 39,000 workers choosing to take a voluntary leave or early retirement. In addition, fleet retirement accelerations are underway, which is expected to result in flying roughly 100 fewer aircraft next summer than was originally planned.American Airlines stock has lost two-third of its value so far this year as stringent travel restrictions tied to the coronavirus pandemic have brought travel demand to an almost halt. U.S. airlines have been burning through billions of dollars in the first quarter incurring huge losses and implementing broad cost-cutting plans, as well as taking steps to shore up cash buffers.The airline’s stock dropped 4.4% to $10.50 on Friday.Earlier this month, five-star analyst Brandon Oglenski at Barclays lowered the stock’s rating to Sell from Hold, with a $7 price target, (reflecting 33% downside potential) saying the future is uncertain on travel demand but definite on "plenty of additional debt."Overall Wall Street analysts are sitting on the fence when it comes to American Airlines stock. The Hold consensus is divided into 4 Hold, 8 Sell and 4 Buy ratings. The $13.36 average price target is less bearish than Barclays’ outlook and implies 27% upside potential in the shares in the coming year. (See American Airlines stock analysis on TipRanks).Related News: Ryanair Cuts Traffic Target By Almost 50% For Coming Year, Seeks To Reduce Boeing Plane Deliveries Boeing Gets No Orders in April, Customers Cancel 737 MAX Jets Colombian Carrier Avianca Files for Bankruptcy Protection Due to Coronavirus Woes More recent articles from Smarter Analyst: * China’s Tencent In Talks To Buy $200 Million Stake In Warner Music - Report * Quest’s Covid-19 Self-Collection Test Kit Gets FDA Nod For Emergency Use * Minerva Shares Tank 72% As Schizophrenia Drug Misses Trial Goals * Beyond Meat Teams Up With KFC, Pizza Hut In China

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  D-backs cut about quarter of staff with layoffs, furloughs

  Associated Press
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  An American Airlines worker reveals why he's giving up his dream job — and his paycheck — to take a buyout

  Business Insider

DXC Technology Company (DXC): Are Hedge Funds Right About This Stock?

The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

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  Hedge Funds Aren’t Done Buying Amphenol Corporation (APH)

  Insider Monkey
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  Hedge Funds Watching CompX International Inc. (CIX) From Afar

  Insider Monkey

Investor turns $100,000 into $2.2 million — now he’s banking on a cruise line to reach his early retirement goals

The buy-and-hold approach to the stock market generally isn’t a celebrated strategy among Reddit’s “Wall Street Bets” bunch, but more than a few glasses are being raised for one member of the meme-making trading community who claims to have made an absolute killing in recent years.

Hedge Funds Have Never Been Less Bullish On United Airlines Holdings (UAL)

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]

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  Is VSE Corporation (VSEC) A Good Stock To Buy According To Hedge Funds?

  Insider Monkey
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  Hedge Funds Aren’t Done Buying Amphenol Corporation (APH)

  Insider Monkey

Wait for Another Pullback Before Buying American Airlines

[Editor's Note: "Wait For Another Pullback Before Buying AAL Stock" was originally published April 22, 2020. It is regularly updated to include the most relevant information.]Source: GagliardiPhotography / Shutterstock.com Novel coronavirus headwinds continue for American Airlines (NASDAQ:AAL). Since the outbreak first hit China, AAL stock has cratered from around $30 per share to just above $10 per share. But, could a low share price mean a solid "bottom-fishing" opportunity?It depends. Airline stocks have moved higher in recent days, on optimism for a post-pandemic recovery. But, keep in mind the many fleas on this legacy carrier. Even before the pandemic affected air travel.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs I previously discussed, American Airlines already had a heavy debt load and other operating issues.And despite the company receiving $5.8 billion in payroll support from the $2 trillion CARES Act stimulus package, they could burn through billions more as air travel volumes remain depressed.The worst of the coronavirus in America may already be over. But, it could be years before airline stocks like American start rebounding again. With this in mind, today's prices may not be enough to justify a buy in the near-term.Yet, that doesn't completely rule out American Airlines as a buy at lower prices. Let's dive in, and see why a "wait-and-see" approach may be the best way to play this hard-hit airline stock. Slow Recovery Means More Bad News for AAL StockThings may be starting to "return to normal." But, don't take that to mean smooth sailing ahead for the U.S. economy. The damage caused by the pandemic and its associated shutdowns could linger on throughout the year. And that's especially the case for the airline industry.There are many reasons why the stimulus package is far from being a "silver bullet" for American and the other airlines. Firstly, airlines continue to burn through cash at a rapid clip. This airline alone anticipates losing $70 million a day through June. In other words, over $2 billion a month, or $6 billion a quarter. Losses are expected to come down this summer, but will still be in the billions per month.Also, don't expect travelers to return to the skies right away. As our own Louis Navellier recently pointed out, the airline industry's "new normal" doesn't look too pretty. Social distancing and safety efforts are going to make air travel unattractive for quite some time.This may explain why industry leaders like Airbus (OTCMKTS:EADSY) CEO Guillaume Faury say it could be "three to five years" before the industry recovers. With a long road to recovery, it's tough to be confident in the near-term prospects for American. Darkest Before the Dawn?Things sound bleak for American Airlines. Yet, with shares bouncing back from single-digit to above $10 per share, we may be reaching a bottom. Granted, investors who bought on prior "dead cat bounces" in March and April lost out when shares continued to trend lower.But, if shares retest prices in the single-digits, are the odds on your side? As InvestorPlace's Tom Taulli wrote last month, it's likely American Airlines survives coronavirus. Mainly because Washington won't want to see an airline file for Chapter 11.Yet, with Boeing (NYSE:BA) CEO Dave Calhoun predicting an airline bankruptcy in 2020, this risk should be top of mind. And considering American's weak financials, this airline could be the leading candidate.What does the airline itself say? Recently, CEO Doug Parker reassured investors, saying "we're all going to be fine." But, considering Parker said a few years back that the airline would never again go in the red, it's tough to confident in his forecast.In short, the current darkness may not be signalling that dawn is near. And at today's valuation, risk of bankruptcy (which would wipe out shareholders) may not be fully priced into the stock. Wait-and-See Is the Key With AAL StockWhen I last wrote about American Airlines stock, I said it was too early to buy but too late to go short. But now, I'm a bit more bearish. With Warren Buffett recently selling his airline stocks, and aviation industry leaders calling for continued challenges, shares may head lower.On the other hand, airline stocks have trended higher, as speculators bet on a swift recovery. Yet, this excitement could quickly change course if reality does not match expectations.That's not to say the legacy carrier is going bankrupt, as some have hinted. But, it may be best to buy only when a rebound isn't priced into the stock.Bottom line: wait for American Airlines shares to head lower before entering a position. If shares fall back into the single-digits, the potential price appreciation could more than make up for the risk.Thomas Niel, contributor to InvestorPlace, has written single-stock analysis since 2016. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Wait for Another Pullback Before Buying American Airlines appeared first on InvestorPlace.

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  American Airlines Plans To Cut 30% Of Its Management Staff

  SmarterAnalyst
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  D-backs cut about quarter of staff with layoffs, furloughs

  Associated Press

Carnival (CCL) Stock Sinks As Market Gains: What You Should Know

Carnival (CCL) closed at $15.74 in the latest trading session, marking a -1.19% move from the prior day.

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  Why Is Century (CENX) Up 37% Since Last Earnings Report?

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  Why Is Magellan Midstream (MMP) Up 10.2% Since Last Earnings Report?

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Occidental Cuts Dividend to a Penny With Debt Woes Mounting

(Bloomberg) -- Occidental Petroleum Corp. cut its quarterly dividend by 91% to the lowest since at least the 1970s amid the pandemic-driven collapse in energy demand that has strained the oil explorer’s ability to shoulder its debt.Occidental shareholders will receive a penny per share on July 15, the Houston-based company said in a statement Friday. The move extends a cut announced in March when it trimmed the payout to 11 cents from 79 cents.The surprise cut came the same day under-fire Chief Executive Vicki Hollub and the rest of the board of directors won re-election at Occidental’s annual shareholders’ meeting. The company will announce the final vote tallies in a regulatory filing later.Hollub has weathered extreme pressure from shareholders ever since outbidding Chevron Corp. to win the purchase of Anadarko Petroleum Corp. last year. The deal saddled Occidental with some $40 billion of debt that was looking hard to pay off even before Covid-19 wiped out global oil demand, sending crude prices plunging to an unprecedented minus $40 a barrel at one point last month.The benchmark U.S. oil price rebounded 88% in May to close the month above $35 a barrel, but it’s still 44% down from its high point in January and below a level that would ensure healthy cash flow for most producers.The dividend reduction will save Occidental about $360 million a year, but it’s a drop in the ocean compared to the wall of debt due over the coming years. The company probably kept a token payout to avoid mandatory selling of the stock by dividend funds and to signal that it aims to restock the stipend at some point in the future, according to Leo Mariani, an analyst at KeyBanc Capital Markets.“They need that extra money at $35 a barrel oil, so it’s the right move,” Mariani said by phone. “They’ve got to do whatever they can to survive.”What Bloomberg Intelligence SaysAlready reeling from elevated debt, a weak fundamental backdrop and investors disgruntled by the Anadarko deal, Occidental doesn’t have many near-term positives we can speak to.\-- Vincent G. Piazza and Evan Lee, analystsRead the full report here.The company’s primary focus is on “maximizing liquidity and reducing debt,” Hollub said at the annual meeting, held virtually on Friday. The company has gone from being a steady, diversified oil producer to a debt-laden, shale-focused driller that now has a market value of just $11.7 billion, less than a third of the price it paid for Anadarko. Its credit rating was downgraded to junk in March.The stock dropped 5.1% to $12.95 in New York on a day when West Texas Intermediate oil futures jumped more than 5%.Hollub fended off a shareholder revolt by making peace with the company’s second-largest shareholder, billionaire Carl Icahn, ending a nine-month public battle that included personal barbs against the CEO. However, it came at a cost. Hollub and her fellow directors agreed to cede some control by putting nominees of the activist investor on the board.(Updates with analyst’s comment from sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER

After a bumpy couple of days, the S&P 500 traded somewhat quietly on Friday, after bouncing off the 3,000 area and 200-day moving average. With that in mind, let's look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Zscaler (ZS) Click to EnlargeSource: Chart courtesy of StockCharts.com Zscaler (NASDAQ:ZS) shares are ripping higher after better-than-expected earnings.Coming into the event, shares were trading higher, grinding up in a modest channel (blue lines) and maintaining about the 20-day moving average. However, shares were struggling to clear the $77.50 level.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat is, until earnings. The stock opened up near prior 2019 resistance around $85, before surging up to $98 as shares ended the day Friday up 29%. From here, I wouldn't be surprised to see $100 hit, with the 123.6% extension up near $101.On the downside, however, I want to see prior resistance hold as support at $85 -- along with the prior high near $90. Top Stock Trades for Monday No. 2: Canopy Growth (CGC) Click to EnlargeSource: Chart courtesy of StockCharts.com Canopy Growth (NYSE:CGC) stock is getting crushed on Friday, down just about 20% after disappointing quarterly results.The move comes after last week's breakout and this week's continuation above the 200-day moving average and $20 mark. So, what now?As you can see on the chart above, CGC stock tried to rally back over the $18.25-ish area, which was the April high and a significant level dating back to October 2019. However, shares were rejected on this move.Bulls need to see this level reclaimed. If it can, it puts a gap-fill back up toward $20 in play, as well as the 200-day moving average. On the downside, I want to see the 50-day moving average and the backside of prior downtrend resistance (blue line) hold as support. Below puts $14 on the table. Top Stock Trades for Monday No. 3: Occidental Petroleum (OXY) Click to EnlargeSource: Chart courtesy of StockCharts.com Occidental Petroleum (NYSE:OXY) isn't looking too hot, down 5% on Friday. Shares were unable to push higher, most recently failing at $15 before rolling over.However, the lack of bullishness has been a multi-month process. Shares failed to reclaim the 23.6% retracement, before forming a series of lower highs. Now, it's losing the 50-day moving average, as well as uptrend support.From here, bulls need to see the $12.75 area hold as support. Below $12.50 and a retest of $10 isn't out of the question.Given how poorly the stock has done amid the big rebound in the S&P 500 and crude oil, traders may be better off looking elsewhere than OXY. I mean sheesh, crude just had its best month ever and Occidental is down about 20% for May.Shares do not look attractive amid the current setup. Top Stock Trades for Monday No. 4: Uber (UBER) Click to EnlargeSource: Chart courtesy of StockCharts.com Shares of Uber (NYSE:UBER) have made an impressive climb from the March lows. The stock hit $14 in March and continues knocking on the 78.6% retracement just below $36.The firm is in talks with GrubHub (NYSE:GRUB) to hammer out an all-stock deal. If the stock reacts bearishly to the news, we have to consider a pullback. In this case, look to the $31 area, where Uber will find its 200-day moving average and uptrend support (blue line).On a breakout over the 78.6% retracement, look for a possible gap-fill up toward $40.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 4 Top Stock Trades for Monday: ZS, CGC, OXY, UBER appeared first on InvestorPlace.

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Carnival Corporation & Plc; Encourages Investors with Losses in Excess of $100k to Contact the Firm - CCL, CUK

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Carnival Corporation & Plc (NYSE: CCL) (NYSE: CUK) between January 28, 2020 and May 1, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Carnival investors under the federal securities laws.

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  IMPORTANT SHAREHOLDER NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Phoenix Tree Holdings Limited and Encourages Investors with Losses to Contact the Firm

  ACCESSWIRE
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  iQIYI Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In iQIYI, Inc. To Contact The Firm

  Newsfile

With Eye On Rebound, United Looks For Alternative To Furloughs

Domestic airlines this week announced plans to permanently eliminate large numbers of management and administrative jobs as a prelude to even larger reductions in frontline forces. But United Airlines (NASDAQ: UAL) CEO Scott Kirby dismissed furloughs as an a primary option, saying they are a temporary solution that undermines the ability to capitalize on growth opportunities when coronavirus fears subside and travel takes off again.No one knows when strong demand will return, so United's priority is to create an extremely flexible cost structure centered on labor that allows the company to make money at any level of traffic, Kirby told investors Thursday. The company is negotiating with unions to adjust contracts to a new world in which passenger business could take years to recover to 2019 levels."The reality is our contracts were not designed for a world where demand might be down 50% or 70%. They were designed for a recession where demand is down 5% and you furlough 5% of the people," the new CEO said in a virtual presentation to the Bernstein conference. "If you furlough tens of thousands of people, the bounce back is almost impossible. You lose the experience, you lose the people, all the training that has to occur," he said. "And so finding a solution where we don't furlough is really about the bounce back. It's not as much about getting through the crisis as it is about bouncing back."From the beginning, United stood out in not sugarcoating the severity of the coronavirus travel restrictions on airline finances and jobs. The company slashed passenger operations, as well as discretionary and capital expenditures, to the bone; borrowed heavily from capital markets to increase liquidity; and encouraged tens of thousands of employees to take voluntary, unpaid leave for various lengths of time. United, which lost $1.7 billion in the first quarter, also warned early on that government coronavirus relief to protect industry jobs through September was a temporary salve and that mass layoffs were inevitable as airlines restructured into smaller entities. The Chicago-based carrier is receiving $5 billion in U.S. assistance. Two-thirds of the amount is in direct grants, but the money covers slightly more than half of the airline's $6.5 billion in salary and benefit expenses over a six-month period.In mid-May, United began offering voluntary separation agreements in an effort to reduce management and administrative headcount by more than 30%. The deals include some continuation of pay, access to medical benefits and travel privileges. Midlevel employees are also being forced to take 20 unpaid days off and use up 50% of vacation by the end of September.On Thursday, American Airlines announced a similar 30% reduction in middle-management and support staff, as well as benefits.And in an internal memo shared with the media on Wednesday, Delta Air Lines CEO Ed Bastian said the company will soon begin offering eligible employees an enhanced early retirement package and a voluntary separation for most employees. Delta is also discussing with labor representatives a similar early retirement plan for pilots, details of which could be released next week."The only thing we can be sure of today is that the more people choose to depart voluntarily, the greater our chances for avoiding furloughs this fall," he said.Prosperity Over SurvivalKirby said an improvement in labor relations under Oscar Munoz, who retired as CEO earlier this month, and the company's openness about the slow market recovery from the pandemic make it easier to achieve union concessions."We've been upfront and realistic with our people. That transparency goes a long way," he said. "People may not like the message, but, by and large, they appreciate the ... honesty. And that sets the groundwork for actually getting deals done. If you're saying everything is rainbows and sunshine and then you come in one day and say, ‘Oh, but now we need to furlough 30% of the people,' that's a really, really hard conversation."United's goal is a temporary workforce accommodation that will enable the company to prosper again.Being able to jump on the recovery and not only defend the existing markets we have, but to take advantage of the fact that not everyone is going to be able to bounce back quickly" will be an advantage, Kirby said. "We know what we can do under the existing contracts to survive. The negotiations with the unions are not about the survival, they are absolutely about the bounce back."Some industry observers say some U.S. airlines will be forced into bankruptcy, but Kirby, who was United's president for four years, ruled that out as a viable option."It would be the absolute last thing we could do. I can't imagine why people think that's a good business strategy. ... It's worse for shareholders, for creditors, for employees. It's worse for every constituent that we have and that is not even remotely in the plans at United Airlines," he said. American Airlines (NASDAQ: AAL) CEO Doug Parker a day earlier said bankruptcy is not an option even though the carrier came into the crisis with a large debt burden.In the past two weeks South American carriers Avianca and LATAM Airlines have moved to restructure under U.S. bankruptcy laws. Smaller airlines have also gone into receivership or shut down, and others warn they could too without bailouts from national governments.United stands to lose money after lending Avianca money to facilitate a joint venture.Once the immediate crisis is past, the third-largest airline by passenger volume will focus on repairing its balance sheet. United's goal is to bring its cash burn down to $20 million by the fourth quarter and be cash flow-breakeven soon after. Spare cash will go toward paying down debt rather than capital expenditures.Kirby said the airline will spend nothing for new aircraft for the next two or three years, with general capital expenditures annually ranging between $500 million and $1 billion, down from about $4.7 billion total in 2019. Instead of retiring some planes at 15 years of age and selling off the parts, United will take the less risky approach of holding onto aircraft until they are 20 or 25 years old even if they are less efficient to operate."I think it's going to be awhile before we're taking new deliveries" or leasing aircraft, the CEO said, adding that he's going to wait out the market before deciding on whether to retire any aircraft types from the fleet.See more from Benzinga * Appeals Court Revives CRST's Driver-Poaching Lawsuit * ZIM's Loss drops as EBITDA and Cash Flow Jump * New Mexico trucking attorney nominated for seat on federal bench(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

United Airlines cutting 13 top jobs, adding international flights in July

Chicago-based United said it is increasing trans-Atlantic service from Washington, D.C. and San Francisco to cities across Europe in July thanks to a modest rise in demand, and re-starting service to Tokyo-Haneda, Hong Kong, Singapore and Seoul.

Park Hotels & Resorts Inc. Announces Closing of $650 Million Aggregate Principal Amount of 7.500% Senior Secured Notes Due 2025

Park Hotels & Resorts announces closing of $650 million aggregate principal amount of 7.500% senior secured notes due 2025.

Don’t Miss the RCL Stock Rally

Royal Caribbean (NYSE:RCL) just got its head back above water. In fact, since May 11, RCL stock has exploded from $37.78 to about $52. Even now, it's still a very solid opportunity. And if it can stay afloat, as the economy recovers, I strongly believe it can refill its gap around $108.Source: Laszlo Halasi / Shutterstock.com The last time I weighed in on oversold cruise stocks, I said Carnival (NYSE:CCL) was a solid blood-in-the-street opportunity. That was May 11, as the CCL stock traded at $14.21. It rose to about $18 and is trading at about $15.However, it's not the only sunken cruise stock to consider. Plenty of patience will be required, of course.InvestorPlace - Stock Market News, Stock Advice & Trading Tips RCL Stock Losses Were ExpectedAt the moment, there's still a no-sail order still on the books from the U.S. CDC effective through July 24. However, there's hope that will not be extended and that Royal Caribbean can resume operations by Aug. 1. * 7 Red-Hot Biotech Stocks Racing to Develop a Coronavirus VaccineIf the cruise lines can get back to sea, and the economy can successfully reopen, I strongly believe RCL stock could do well this year.It wasn't a shock that Royal Caribbean posted a sizable first-quarter loss. After all, the novel coronavirus ground the cruise industry to a halt.The company posted a loss of $6.91 a share in the quarter, as compared to EPS of $1.31 year over year. Adjusted, the company lost $1.49 a share after earning $1.31 a year prior. Revenue fell 17% to about $2 billion. "The magnitude, duration and speed of COVID-19 remains uncertain," and it "can't estimate the impact of COVID-19 on its business, financial condition or near or longer-term financial or operational results with reasonable certainty."However, I believe that bad news is priced in, and that it may be smoother sailing from here. Time to Consider Cruise StocksCredit Suisse's Benjamin Chaiken just initiated coverage of the RCL stock with an "Outperform" rating, giving it a price target of $67. None of the major cruise lines, he argues are at risk of running out of cash."[Cruise stocks] are at all-time lows, and all three operators are now in cash preservation mode, having entered into liquidity enhancing credit agreements. With the risk of a liquidity crunch partially priced in, we think current levels offer an attractive entry point."Wedbush analyst James Hardiman says the RCL stock is in good financial position, too."RCL seems to have given itself maximum flexibility/optionality with respect to its capital needs, and may yet avoid the significant amount of equity dilution that has befallen its two peers. Additionally, we would argue that RCL had the best momentum headed into the pandemic and see no reason this will not be the case coming out of the pandemic."Hardiman has a "Outperform" rating on the stock with a target price of $63 a share.At the same time, cruise bookings are soaring. Carnival, for example, says bookings are up 200% year over year with travelers seemingly desperate to take a vacation. Fear Is Priced Into Cruise SharesWhile the cruise industry has been hit hard by the coronavirus outbreak, much of that fear has been priced into oversold cruise stocks. Most will survive, and have become buying opportunities. In fact, the time to buy stocks like RCL is when they're the most hated.Some of the best investors have said the same. As we've learned from Baron Rothschild, who would tell investors, "The time to buy is when there's blood in the streets, even if the blood is your own." Even Sir John Templeton would tell investors to buy excessive pessimism, which we see now.If you wait too long, you'll miss the recovery rally.Ian Cooper, an InvestorPlace.com contributor, has been analyzing stocks and options for web-based advisories since 1999. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Don't Miss the RCL Stock Rally appeared first on InvestorPlace.

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  Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake

  Motley Fool
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  Continue Avoiding Carnival Cruise Stock for Now

  InvestorPlace

3 Sports Apparel Stocks to Trade for Players and Spectators Alike

A forced timeout stopped neither bulls nor bears from participating in sports apparel stocks. But for today's investors, is now a better time to buy or sell? Let's look at the current champs on Wall Street, and where each stands off and on the price chart before breaking out the pompoms.The novel coronavirus has devastated individuals, businesses and economies around the world. It's also hit our love of sports from every imaginable angle.For some, that's meant a closed gym. For others, Covid-19 has prevented going for a trail run or hike on public lands shuttered by the pandemic. And of course, individual and team sports from recreational endeavors and all the way to the big leagues have been disrupted for participants and spectators alikeInvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure Yet, despite the near universal stoppage time and reduced load of sweaty clothes to wash and wear, many sports apparel stocks have been on an inexplicable tear. Others, more logically so, haven't: * Nike (NYSE:NKE) * Lululemon (NASDAQ:LULU) * Under Armour (NYSE:UAA)In the end champion stocks cheered on by today's investors, and those booed like the NY Jets, aren't future guarantees for bulls and bears that find themselves on the right side of action. The trend is your friend until it's not. And sometimes you'll find a hidden gem buried in the bargain bin. Sports Apparel Stocks to Trade: Nike (NKE) Source: Charts by TradingViewThe first of our sports apparel stocks to trade are shares of Nike. Right now the world's largest retail sports brand looks ready to grow even bigger based on the price chart, setting the stock as a clear "buy,"Technically, the sporting goods giant's shares have formed a 'V-like' bottom on the monthly chart. It's a type of base often seen as less durable than a bottom developed over the longer-term. But Nike's panic low was also a very well-supported (and successful) test of both its long-term uptrend and a pair of key Fibonacci levels. And there's more too.With a bullish stochastics crossover now signaling inside neutral territory and an earnings catalyst next Thursday, the consensus is that this apparel stock is well-positioned to breakout.For investors looking to play this apparel stock for upside, one favored options strategy to limit and reduce risk, as well as offer realistic but big-time profit potential is the July $105 / $110 bull call spread. Lululemon (LULU) Source: Charts by TradingViewThe next of our sports apparel stocks to trade is athleisure and yoga-centric powerhouse Lululemon. Similar to Nike shares, Lululemon is another name that's been championed by investors since the darkest hours of the coronavirus on Wall Street. Here though, bulls could be getting ahead of themselves.Earnings are due in roughly two weeks, but investors aren't waiting around for the quarterly release. Shares have already broken out to fresh all-time-highs. This apparel stock's 'V' bottom was also a technically well-supported one to cheer on initially. But Lululemon now looks too pricey to justify a purchase. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure Bottom-line, with the stock roughly 10% past the prior and pattern high and trading through the upper Bollinger Band, Wall Street's pom-poms could easily be replaced with profit-taking in front of or certainly following earnings. As much, Lululemon is a champion apparel stock that's best watched from the sidelines. Under Armour (UAA) Source: Charts by TradingViewUnder Armour is the last of today's sports apparel stocks on our radar. This underdog most recently crashed on the back of a massive quarterly loss, slumping revenues and forecast that has lacked any indication the company can rebound to the black anytime soon. In a nutshell, what had been a turnaround play prior to the coronavirus now finds that path looking even more difficult to navigate.That all sounds bad, but things also look really bad for Under Armour, on the price-chart. Technically, the stock began showing signs of failure within its comeback story ahead of Covid-19.The monthly chart showed an early warning as shares fell beneath channel support late last year. That price action was then compounded by the pandemic as the stock tumbled cleanly below its lifetime 76% retracement level. But I'm not bearish.With the Under Armour story looking so unfixable off and on the price chart, I can't help but be a fan of this apparel stock. Some of that optimism is helped by the lower-low divergence in shares relative to stochastics. A third month of price action outside the lower Bollinger Band also has our attention. Lastly and as we finish up May with a promising hammer bottom in hand and an imminent oversold and bullish crossover in tow, it could be time to suit up shortly as a bull.Disclosure: Investment accounts under Christopher Tyler's management does not own any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 3 Sports Apparel Stocks to Trade for Players and Spectators Alike appeared first on InvestorPlace.

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