Bear Flag in Royal Caribbean
It's time to reverse here with the gap being filled and prices between 11/24 and 12/22 and topping at $79.95. Carnival missed earnings and revenue estimates. Omicron was not felt yet in their quarterly report. The companies are taking on a big risk bringing ships back to service in the middle of a raging pandemic. Customers may...
Its hard to get excited when investors are sitting on 30% plus gains for the year and we are about to get into a new tax year that also happens to be an election year.
The break-out coincided by a note from Piper Jaffray about outperformance among Mortgage Originators. This was followed by decent performance by major Wall Street banks this week in their earnings reports. Many showed 30% Q over Q growth in either mortgage revenues or origination volume.
I wrote about this stock on Seeking Alpha recently. The company is making money hand over fist with mortgage rates dropping. The uptick in the chart is due to a rapid decline in mortgage rates, which is driving operational improvement. The company should have a record profit for the quarter.
