We haven't checked back in with the Cruise Industry in a bit so lets take a look at where we stand.
The Cruise industry was one of the hardest hit by Covid19 and to top it off they didn't receive any US stimulus relief money to keep them afloat, making them one of the riskier plays. As the saying goes, with great risk often comes great reward. That being said, if we're going into an already risky industry, might as well pick the company most likely to succeed. In this case, while so far most of the cruise lines are staying afloat, Carnival is the one most likely to make it out ok.
We went into this with more detail on our previous CCL posts, but to sum it up, they cover the most territories, have the largest fleet, have the most capital, and can survive the longest without sailings than its competitors. At the moment, the Cruise Lines International Association (CLIA) has announced the decision to voluntarily extend the pause in U.S. cruise embarkations until Oct. 31, 2020. CCL estimated its monthly cash burn rate for the second half of 2020 will be around $650 million, but they have also managed to raise over $10 billion through a series of financing transactions.
Technical Analysis: At the moment, we're bullish long term on CCL unless something changes (increase in cases during winter, extended cancellations, etc.)
Targets: 1. $21.00 2. $25.30 3. $31.91
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Cheers!
Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
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Already up 20% in 20 days from our buy zone level. Always a good idea to raise your stop loss trigger to make sure no matter what happens in the market you secure your profits.
Cruises start again in November for this company. Ships in Australia operating a domestic circuit. I think the trade duration could extend, but like it.
CurtisTerry
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Thanks for sharing this wonderful information.Good job bro...
bappykhalidhasan0
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great work
Aspergilous
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Good job
Carolcarr
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Well done bro
NokkyNokky
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Ginuous explanation
munir2501
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Hey great analysis. CCl is a good play right now compared to the other cruise lines. They are a much better long term prospect. I have a similar price target.
rudcharts
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this just broke down from the channel you have draw but you are expecting it now to go higher?