Shares of Carnival Corp. CCL, +9.15% cruised 9.2% higher toward a 14-month high in afternoon trading Friday, as they headed for the best monthly and quarterly performances since going public 36 years
U.S. equity markets were sharply higher at midday on Friday, June 30, 2023, amid optimism that inflation is edging closer to the Fed's 2% target.

Jefferies upgrades Carnival to 'buy'

12:16pm, Friday, 30'th Jun 2023
Jefferies' David Katz joins 'Squawk on the Street' to discuss the firm's upgrade of Carnival's stock, if Katz has received pushback on his latest upgrade, and more.
Carnival's (CCL) emphasis on new marketing campaign and demand-generation efforts bode well. However, increased expenses are a headwind.
Carnival and Royal Caribbean have seen huge uplifts to their share prices in 2023 and have the earnings reports to back up the buoyancy.
Carnival (NYSE: CCL ) stock is rallying higher on Friday after the company got a new rating from Jefferies analyst David Katz. Katz upgraded shares of CCL stock from a “hold” rating to a “buy”
Shares have more than doubled this year. Monday, the company said customer deposits for future voyages had reached a record high.
Some of the notable companies to have witnessed solid earnings acceleration as of now are Constellation Energy Corporation (CEG), Carnival Corporation & plc (CCL) and Marathon Digital (MARA).
Stock gainers: Apple's stock AAPL, +0.18% rose 1% as Citi initiated coverage on the iPhone maker at buy.
Carnival CCL, -0.75% was upgraded to buy from hold at Jefferies, which lifted its price target to $25 from $9. The CEO change to Josh Weinstein should make a material positive difference in the execut
While cruise demand is strong right now, a recession could cool it off. Carnival has a lot of debt to address over the next few years.
Royal Caribbean Cruises (RCL) and Carnival (CCL), well-known for ferrying people across the globe, are two of the best-performing stocks listed on the S&P 500 so far this year.

The Big Flaw in Carnival's Earnings

06:45am, Thursday, 29'th Jun 2023
Debt is down, but there's a catch.
Second-quarter revenue was its highest ever. Positive operating income was a real turning point in Carnival's recovery.
Shares of Carnival Corp. have been climbing on cruise control in June, toward their best monthly performance since going public 36 years ago, fueled by record demand.
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