Carnival Corporation (CCL)

11.87
1.20 9.50
NYSE
Prev Close 13.11
Open 12.84
Day Low/High 11.87 / 12.87
52 Wk Low/High 12.54 / 31.52
Volume 19.07M
Exchange NYSE
Shares Outstanding 989.70B
Market Cap 12.99B
P/E Ratio 4.52
Div & Yield N.A. (N.A)

Latest News

Covering More Shorts

I am covering more of my shorts in $16.53 and $74.14 - down to tag ends.

More Night Moves: A Quick Look at Overnight Futures

* The market (and money) never sleeps - and neither do I, it appears! * Futures had a very quiet evening after a tumultuous regular hours session "Workin' on our night moves Trying to lose the awkward teenage blues Workin' on our night moves In the ...

Today's Trades

* Short $20.46. * Short $45.04. * Short $166.54. * Short $86.86. * Short $449.07. * Short small May SPY $443 calls and $445 calls $13.10 and $11.67 * Short $1066.50.

Gross Short Exposure

I have raised my gross short exposure on the opening gap. Shorted gaps in , , , and .

More Night Moves: A Quick Look at Overnight Futures

* The market (and money) never sleeps * Futures had a decidedly positive look all evening "Workin' on our night moves Trying to lose the awkward teenage blues Workin' on our night moves In the summertime And oh the wonder Felt the lightning And we w...

Not Cruising

Trades of the Week - and - are now down on the day after being higher throughout most of the session.

Aggressive Moves

I am aggressively shorting the gap higher - , , , , .

Trade of the Week - Short the Cruise Lines

* RCL and CCL...  I am shorting and based on the following considerations:  * I view the proposed elimination of the mask mandate, unlike many, as a negative for the reopening trade. * As chronicled in my Diary this morning, here and here, I expect ...

When Europe Runs Tight on Energy, Several U.S. Companies Gasp

When Europe Runs Tight on Energy, Several U.S. Companies Gasp

How would Russia's invasion of Ukraine impact the bottom-lines of companies like Starbucks or Marriott? Let's see how Europe's energy woes can have major implications for U.S. businesses.

No Longer Cruisin' on the Short Side!

I have covered my ($79.45, -$4) and ($19.05, -$1.20) shorts just now.

Minding Mr. Market (Part Deux)

Going back to late last week, the expected quarter-end reallocation trade - out of stocks and into bonds - occurred and equities closed March weak.  Stocks rebounded Friday and a spirited and apparently "FOMO" based rally - concentrated in large-cap...

Movers Before the Market Opened

Premarket movers: Upside - +157% (reports two of its newly designed mRNA molecules can effectively destroy cancer cells grown in culture) - +13% (The Phoenix Holdings Ltd. discloses 11.60% stake; appoints Josh Tech as Chief Operations Officer, effec...

Minding Mr. Market (Part Deux)

It is also interesting to note that on Thursday my portfolio of shorts (Sleep Number , Digital World Acquisition , Starbucks , C3Ai , Lightspeed , Carvana , Robinhood , Roblox , F45 Training , Carnival , Royal Caribbean , Ginkgo Bioworks , Roku and ...

Carnival Still Doesn't Look Like a Seaworthy Stock to Me

Carnival Still Doesn't Look Like a Seaworthy Stock to Me

The cruise line operator is putting more of its capacity back into operation, but its pandemic-weakened capital structure remains a concern.

Market Push and Pull, Powell's Brutal Honesty, Yield Curves and Spreads, Russia

Market Push and Pull, Powell's Brutal Honesty, Yield Curves and Spreads, Russia

The lesson is to remain flexible. Always. Let price discovery guide decision making as much as logic, not less, not more.

CCL, RCL, GS Moves

Covering some more of my $1.43 and $65.18 shorts into the continued schmeissing of cruise lines. Also, another one in my buy level... new position in Goldman Sachs  at $323.68 just now.

Not Cruising

The chill of the Ukraine conflict continues to paralyze the re opening space - airlines, hotels and cruise ships.  My two shorts, and , are getting schmeissed and I am close to covering as they approach my price objectives.

What's to Like This Morning?

I heard a lot about a new bull market leg this morning in the business media.  Not for me:  * Market breadth so so and weakening. * Russell (a new short yesterday) is not crowing. * s turn negative. * As I mentioned yesterday/this morning - , , , , ...

Cruise Line Shorts

I am taking in most of my cruise line shorts now - and are both down by -8% today.

Taking on Water

and continue to get flooded.

My Positions

In the interest in transparency, here is a list of positions I have mentioned in my Diary that I am either long or short. Note: This is not a full list of my portfolio's holdings: Longs: , , , , , , , , , , , , , , , .  Shorts: calls, calls and puts...

My Shorts

Here are my previously mentioned shorts: calls and puts, calls, calls, calls, calls, calls, calls, calls, calls, , , , , , , , , , , , , , , and .

I Bought and Covered At The Sound of Cannons Thursday Afternoon

* It is time for action, not inaction * Volatility brings opportunity   I was very active Thursday afternoon:   Short Covers - Robinhood , Royal Caribbean , Carnival , Morgan Stanley , C3.ai , Bank of America (partial), Wells Fargo (partial), Delta ...

Cruise Covers

I have covered my and trading rental shorts at $85.15 and $22.45

Several Moves Just Now

and were my Trades of the Week. Precious metals are obviously rising as a result of the rumored Russia/Ukraine confrontation.  I am selling on the rumor.  I have just sold and at $173.60 and $21.80, respectively, for a nice profit. Also:  - I am add...

From The Street of Dreams

Citigroup initiates Royal Caribbean Cruises  (buy) and Carnival Corp.  (hold).

Mea Culpa

I took in a portion of my profit on both and shorts late Friday afternoon.  I forgot to mention this in my Diary.

Cruise Shorts

I am short and have increased my short exposure in and . This morning RCL missed on the both top and bottom line - scoring a loss of ($5.33) vs. expectations of ($3.92) as sales came in at $982 million, also less than expected. More later...