Carnival plc (CUK): Setting Sail for Gains in the Next 5 Weeks
Key Stats:
Market Cap: 31.98B
P/E Ratio: 20.43
Dividend Yield: Currently not paying dividends
Next Earnings Date: December 19, 2024
52-Week Range: $12.50 - $23.08
Technical Reasons CUK Could Cruise Higher:
Ascending Channel: CUK is riding a well-defined upward channel, with higher highs and higher lows. It's like the stock's on a never-ending cruise to Profit Island.
Support at 50-Day Moving Average: The 50-day MA is acting as a solid support level, catching any dips like a trusty lifeboat.
MACD Bullish Crossover: The MACD line has crossed above the signal line, indicating that the bulls are steering this ship.
Fundamental Reasons CUK Might Keep Climbing:
Record-Setting Q3 Performance: Carnival reported net income of $1.7 billion in Q3 2024, a $662 million increase compared to 2023.
Raised Full-Year Guidance: The company upped its full-year adjusted EBITDA guidance to over $6 billion, marking the third increase this year.
Strong Booking Trends: Advanced bookings for 2025 are at record levels, indicating that people are eager to get back on the high seas.
Potential Paths to Profit:
Low Risk (Shares): Buy CUK shares and hold.
Options Play: Consider buying call options with a strike price near the current level, expiring in January 2025.
Swing Trade: Enter on a pullback to the 50-day MA and aim to sell near the upper channel resistance.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Market Cap: 31.98B
P/E Ratio: 20.43
Dividend Yield: Currently not paying dividends
Next Earnings Date: December 19, 2024
52-Week Range: $12.50 - $23.08
Technical Reasons CUK Could Cruise Higher:
Ascending Channel: CUK is riding a well-defined upward channel, with higher highs and higher lows. It's like the stock's on a never-ending cruise to Profit Island.
Support at 50-Day Moving Average: The 50-day MA is acting as a solid support level, catching any dips like a trusty lifeboat.
MACD Bullish Crossover: The MACD line has crossed above the signal line, indicating that the bulls are steering this ship.
Fundamental Reasons CUK Might Keep Climbing:
Record-Setting Q3 Performance: Carnival reported net income of $1.7 billion in Q3 2024, a $662 million increase compared to 2023.
Raised Full-Year Guidance: The company upped its full-year adjusted EBITDA guidance to over $6 billion, marking the third increase this year.
Strong Booking Trends: Advanced bookings for 2025 are at record levels, indicating that people are eager to get back on the high seas.
Potential Paths to Profit:
Low Risk (Shares): Buy CUK shares and hold.
Options Play: Consider buying call options with a strike price near the current level, expiring in January 2025.
Swing Trade: Enter on a pullback to the 50-day MA and aim to sell near the upper channel resistance.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
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