Short interest for Royal Caribbean Gr gives investors a sense of the degree to which investors are betting on the decline of Royal Caribbean Gr's stock. Short interest data is updated every two weeks.

Royal Caribbean Gr Stock (NYSE:RCL), Short Interest Report

Royal Caribbean Gr

Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with eight more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.

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RoyalCaribbean.AnthemoftheSeas.low_1607030212_RCI-AN-Aerials-Dec2015-480-1

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Royal Caribbean saw Q1 passenger ticket revenue reach $2.54 billion, a 34% year-over-year increase versus Q1 2023.

Royal Caribbean Cruises Through Q1 As Demand And Pricing Remains High

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Royal Caribbean Cruises Ltd. Common Stock

Royal Caribbean Group

RCL Foods Ltd

Whales with a lot of money to spend have taken a noticeably bullish stance on Royal Caribbean Gr.
Looking at options history for Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $98,615 and 6, calls, for a total amount of $400,435.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $190.0 for Royal Caribbean Gr over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Royal Caribbean Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Royal Caribbean Gr's whale trades within a strike price range from $115.0 to $190.0 in the last 30 days. 
<h3>Royal Caribbean Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715360693_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$14.45</td>
<td>$12.45</td>
<td>$13.5</td>
<td>$190.00</td>
<td>$140.4K</td>
<td style="text-align: right;">116</td>
<td style="text-align: right;">104</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/31/24</td>
<td>$8.8</td>
<td>$7.7</td>
<td>$7.7</td>
<td>$135.00</td>
<td>$124.7K</td>
<td style="text-align: right;">179</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$18.85</td>
<td>$18.8</td>
<td>$18.85</td>
<td>$130.00</td>
<td>$41.4K</td>
<td style="text-align: right;">146</td>
<td style="text-align: right;">12</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$27.25</td>
<td>$25.55</td>
<td>$26.3</td>
<td>$115.00</td>
<td>$34.1K</td>
<td style="text-align: right;">77</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$25.95</td>
<td>$25.3</td>
<td>$25.95</td>
<td>$115.00</td>
<td>$33.7K</td>
<td style="text-align: right;">77</td>
<td style="text-align: right;">61</td>
</tr>
</tbody>
</table>

<h3>About Royal Caribbean Gr</h3>
Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with eight more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.
Having examined the options trading patterns of Royal Caribbean Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Royal Caribbean Gr's Current Market Status</h3>
<ul>
<li>With a trading volume of 480,294, the price of RCL is down by -0.55%, reaching $140.96.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 76 days from now.</li>
</ul>
<h3>What The Experts Say On Royal Caribbean Gr</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $156.4.
<ul>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Royal Caribbean Gr with a target price of $154. </li>
<li>An analyst from B of A Securities has decided to maintain their Neutral rating on Royal Caribbean Gr, which currently sits at a price target of $145. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Royal Caribbean Gr with a target price of $159. </li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Royal Caribbean Gr, which currently sits at a price target of $160. </li>
<li>In a cautious move, an analyst from Mizuho downgraded its rating to Buy, setting a price target of $164. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Royal Caribbean Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Unpacking the Latest Options Trading Trends in Royal Caribbean Gr

Global

Royal Caribbean Group In Discussions With New And Existing Markets Around The World To Recruit Thousands Of Workers To Staff Its Ships And Private Destinations To Keep Up With Record Cruise Demand

Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) has outperformed the market over the past 15 years by 3.86% on an annualized basis producing an average annual return of 16.1%. Currently, Royal Caribbean Gr has a market capitalization of $36.71 billion. 
Buying $100 In RCL: If an investor had bought $100 of RCL stock 15 years ago, it would be worth $899.50 today based on a price of $142.66 for RCL at the time of writing.
<h3>Royal Caribbean Gr's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715016687_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 15 Years Ago Would Be Worth $900 Today

Ratings for Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $156.38, a high estimate of $174.00, and a low estimate of $115.00. Witnessing a positive shift, the current average has risen by 6.19% from the previous average price target of $147.27.
<img src="https://www.benzinga.com/files/images/story/2024/1714669212_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Royal Caribbean Gr by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Didora</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$159.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$165.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$168.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Buy</td>
<td>$164.00</td>
<td>-</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$154.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Paul Golding</td>
<td>Macquarie</td>
<td>Raises</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Lizzie Dove</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$162.00</td>
<td>-</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$153.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$174.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Robin Shoemaker</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$154.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Jamie Rollo</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Royal Caribbean Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Royal Caribbean Gr compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Royal Caribbean Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Royal Caribbean Gr's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RCL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Royal Caribbean Gr analyst ratings.</a>
<h2>Delving into Royal Caribbean Gr's Background</h2>
Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with eight more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.
<h3>Key Indicators: Royal Caribbean Gr's Financial Health</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Royal Caribbean Gr's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 29.18%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Royal Caribbean Gr's net margin excels beyond industry benchmarks, reaching 9.66%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Royal Caribbean Gr's ROE excels beyond industry benchmarks, reaching 7.29%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.02%, the company showcases effective utilization of assets.
Debt Management: Royal Caribbean Gr's debt-to-equity ratio is below the industry average. With a ratio of 4.11, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Latest Analyst Ratings For Royal Caribbean Gr

B of A Securities analyst Andrew Didora maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Neutral and raises the price target from $135 to $145.

Price Target

B of A Securities Maintains Neutral on Royal Caribbean Gr, Raises Price Target to $145

Financial giants have made a conspicuous bearish move on Royal Caribbean Gr. Our analysis of options history for Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $215,819, and 5 were calls, valued at $358,135.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $145.0 for Royal Caribbean Gr during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Royal Caribbean Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Royal Caribbean Gr's significant trades, within a strike price range of $110.0 to $145.0, over the past month.
<h3>Royal Caribbean Gr Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714581184_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/24/24</td>
<td>$27.5</td>
<td>$25.8</td>
<td>$25.8</td>
<td>$110.00</td>
<td>$103.2K</td>
<td>48</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$23.85</td>
<td>$23.0</td>
<td>$23.0</td>
<td>$145.00</td>
<td>$99.0K</td>
<td>148</td>
<td style="text-align: right;">51</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$16.5</td>
<td>$16.05</td>
<td>$16.35</td>
<td>$120.00</td>
<td>$98.1K</td>
<td>293</td>
<td style="text-align: right;">60</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$21.1</td>
<td>$19.9</td>
<td>$21.1</td>
<td>$145.00</td>
<td>$75.9K</td>
<td>135</td>
<td style="text-align: right;">54</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$5.55</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$140.00</td>
<td>$55.0K</td>
<td>5.7K</td>
<td style="text-align: right;">169</td>
</tr>
</tbody>
</table>

<h3>About Royal Caribbean Gr</h3>
Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with eight more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.
Having examined the options trading patterns of Royal Caribbean Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Royal Caribbean Gr's Current Market Status</h3>
<ul>
<li>With a volume of 1,521,655, the price of RCL is down -2.31% at $136.4. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 85 days.</li>
</ul>
<h3>What The Experts Say On Royal Caribbean Gr</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $162.2.
<ul>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Royal Caribbean Gr, targeting a price of $160. </li>
<li>Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Royal Caribbean Gr with a target price of $168. </li>
<li>An analyst from Barclays has decided to maintain their Overweight rating on Royal Caribbean Gr, which currently sits at a price target of $154. </li>
<li>Reflecting concerns, an analyst from Mizuho lowers its rating to Buy with a new price target of $164.</li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Royal Caribbean Gr, targeting a price of $165. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Royal Caribbean Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Royal Caribbean Gr Options Trading: A Deep Dive into Market Sentiment

WIIM

Shares of cruise stocks are trading lower in sympathy with Norwegian Cruise Line Holdings, which issued soft FY24 guidance.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$190.00</td>
<td>$96.3K</td>
<td>23.7K</td>
<td>97.2K</td>
</tr>
<tr>
<td>GRWG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.50</td>
<td>$144.4K</td>
<td>410</td>
<td>1.8K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$40.00</td>
<td>$26.2K</td>
<td>10.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/10/24</td>
<td>$139.00</td>
<td>$448.0K</td>
<td>19</td>
<td>1.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$170.00</td>
<td>$25.4K</td>
<td>9.8K</td>
<td>672</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$70.00</td>
<td>$74.1K</td>
<td>2.6K</td>
<td>630</td>
</tr>
<tr>
<td>UA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$39.9K</td>
<td>2.5K</td>
<td>594</td>
</tr>
<tr>
<td>EXPE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$125.00</td>
<td>$439.5K</td>
<td>358</td>
<td>300</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$90.00</td>
<td>$126.8K</td>
<td>307</td>
<td>286</td>
</tr>
<tr>
<td>KMX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$108.3K</td>
<td>1.1K</td>
<td>238</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on May 3, 2024. Parties traded 432 contract(s) at a $190.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $96.3K, with a price of $223.0 per contract. There were 23777 open contracts at this strike prior to today, and today 97250 contract(s) were bought and sold. 
• For GRWG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>), we notice a call option sweep that happens to be bullish, expiring in 262 day(s) on January 17, 2025. This event was a transfer of 1926 contract(s) at a $3.50 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $144.4K, with a price of $75.0 per contract. There were 410 open contracts at this strike prior to today, and today 1890 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a put option sweep with bearish sentiment. It expires in 52 day(s) on June 21, 2024. Parties traded 750 contract(s) at a $40.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $35.0 per contract. There were 10937 open contracts at this strike prior to today, and today 1015 contract(s) were bought and sold. 
• Regarding RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we observe a call option trade with neutral sentiment. It expires in 10 day(s) on May 10, 2024. Parties traded 1000 contract(s) at a $139.00 strike. The total cost received by the writing party (or parties) was $448.0K, with a price of $448.0 per contract. There were 19 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option sweep with bearish sentiment. It expires in 262 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $170.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $1273.0 per contract. There were 9831 open contracts at this strike prior to today, and today 672 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on May 3, 2024. Parties traded 331 contract(s) at a $70.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $74.1K, with a price of $224.0 per contract. There were 2631 open contracts at this strike prior to today, and today 630 contract(s) were bought and sold. 
• Regarding UA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>), we observe a call option sweep with bullish sentiment. It expires in 262 day(s) on January 17, 2025. Parties traded 570 contract(s) at a $7.50 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $39.9K, with a price of $70.0 per contract. There were 2583 open contracts at this strike prior to today, and today 594 contract(s) were bought and sold. 
• For EXPE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), we notice a put option trade that happens to be bullish, expiring in 416 day(s) on June 20, 2025. This event was a transfer of 300 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $439.5K, with a price of $1465.0 per contract. There were 358 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a call option sweep that happens to be bullish, expiring in 416 day(s) on June 20, 2025. This event was a transfer of 122 contract(s) at a $90.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $126.8K, with a price of $1040.0 per contract. There were 307 open contracts at this strike prior to today, and today 286 contract(s) were bought and sold. 
• Regarding KMX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>), we observe a put option sweep with bearish sentiment. It expires in 262 day(s) on January 17, 2025. Parties traded 172 contract(s) at a $65.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $108.3K, with a price of $630.0 per contract. There were 1135 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CVNA

GRWG

SBUX

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Corporate <a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt">earnings came to the market&#8217;s rescue in the past week,</a> helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally&#8217;s momentum going. 
The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) the outlier. The social media giant&#8217;s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company&#8217;s massive AI investment plans. 
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordable EV. 
With the earnings season now halfway through, the percentage of S&amp;P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages, <a href="https://insight.factset.com/sp-500-earnings-season-update-april-26-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-04-26-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdateapril262024">said </a>FactSet in a report.
The blended first-quarter earnings growth of S&amp;P 500 companies is estimated at 3.5%, up from the 0.6% growth estimated in the week ended April 19, the financial data analytics firm said. If the trend holds, the S&amp;P 500 companies are on track to report earnings growth for the third straight quarter.
Of the 11 S&amp;P sector classes, eight sectors reported year-over-year earnings growth, led by communication services, utilities, IT, and consumer discretionary sectors. On the other hand, healthcare, energy, and materials have reported year-over-year earnings declines.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Look Ahead: The unfolding week will see 175 S&amp;P 500 companies and 6 Dow 30 components releasing their quarterly scorecards. The earnings roster includes two Magnificent Seven companies, namely Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), e-commerce retailers, payment processors, restaurants, and energy and REIT companies.
Earnings from Apple and Amazon could be market-moving, given the weighting of these stocks in the S&amp;P 500 Index. Also, Apple is considered a bellwether, given its exposure to consumers. Morgan Stanley&#8217;s Erik Woodring expects Apple to report a slightly beat but guide June quarter revenue down. 
Investors are likely to keep a close eye on performance in China, Apple&#8217;s updated capital return framework, and capital expenditures, the analyst said.
That said, the analyst is positive on the stock ahead of its annual Worldwide Developers&#8217; Conference due on June 10th. &#8220;With Apple&#8217;s biggest WWDC event on June 10th, we&#8217;d buy post-earnings weakness,&#8221; he said.
Amazon will likely continue to report double-digit sales and profit growth in the first quarter, according to Telsey Advisory Group analyst Joseph Feldman. The analyst premised his optimism on the strength of online spending, gains from expanded merchandise and faster fulfillment, and stabilization (and growth) of AWS. 
&#8220;Importantly, we expect [a] greater focus on profits supported by the growth of higher margin categories and services, such as advertising, media, and AWS (partly helped by AI-related upgrades), the redesigned distribution network&#8230;.. and cost savings,&#8221; he said.
Notable among the <a href="https://www.benzinga.com/calendars/earnings">companies reporting earnings this week</a> are:
Monday 
<ul>
<li>Before the bell: JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Koninklijke Philips N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>), SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
<li>After the close: F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>), Everest Group, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Qiagen N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QGEN#NYSE">QGEN</a>), Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>), Sanmina Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>), Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>), McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>)</li>
<li>After the close: Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Unum Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>). Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>), RenaissanceRe Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>), Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>), Chesapeake Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>)</li>
</ul>

Wednesday 
<ul>
<li>Before the bell: Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>), The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>), The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>), Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>)</li>
<li>After the close: Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>), C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), Kulicke and Soffa Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), MetLife, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), NETGEAR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>), Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>), Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>), Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: ArcelorMittal S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>), ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>), Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), Kimco Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>), Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>)</li>
<li>After the close: Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>), DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Reinsurance Group of America, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>), Pioneer Natural Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>), Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>), Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</li>
</ul>
Friday 
<ul>
<li>Before the bell: American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), Cboe Global Markets, Inc. (CBOE: CBOE), Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>), The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>), XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $508.26, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech stocks, rose 1.54% to $431.
Read Next: <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports">US Energy Stocks Fall Following Oil Giants&#8217; Subdued Earnings Reports</a>

Wells Fargo analyst Daniel Politzer maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Overweight and raises the price target from $153 to $159.

Wells Fargo Maintains Overweight on Royal Caribbean Gr, Raises Price Target to $159

Barclays analyst Brandt Montour maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Overweight and raises the price target from $154 to $165.

Barclays Maintains Overweight on Royal Caribbean Gr, Raises Price Target to $165

Susquehanna analyst Christopher Stathoulopoulos maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Positive and raises the price target from $150 to $160.

Susquehanna Maintains Positive on Royal Caribbean Gr, Raises Price Target to $160

Mizuho analyst Ben Chaiken maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Buy and raises the price target from $164 to $168.

Mizuho Maintains Buy on Royal Caribbean Gr, Raises Price Target to $168

Royal Caribbean Cruises Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) reported first-quarter 2024 revenue growth of $3.73 billion, a 29.2% year-over-year increase, <a href="https://www.benzinga.com/pressreleases/24/04/n38425099/royal-caribbean-group-reports-first-quarter-results-and-increases-full-year-guidance-on-continued-">beating the analyst consensus estimate of $3.7 billion</a>.
Passenger ticket revenues rose 34% Y/Y to $2.54 billion versus last year.
Total cruise operating expenses were $2.06 billion versus $1.79 billion a year ago.&nbsp;
Gross Cruise Costs per Available Passenger Cruise Days (APCD) increased 5.1%.
Gross margin yields increased 60.3% as-reported, and net yields increased 19.3% in constant currency versus first-quarter 2024.
Operating income for the quarter jumped 175% to $750 million, with an operating margin of 20.1%.
The occupancy rate in first-quarter was 107% versus 102.1% last year.
Royal Caribbean held $437 million in cash and equivalents as of March 31, 2024.
Adjusted EPS of $1.35 <a href="https://www.benzinga.com/calendars/earnings">beat the consensus</a> estimate of $1.33.
As of March 31, the group&#8217;s customer deposit balance was $6 billion.  
Royal Caribbean CEO Jason Liberty called it &#8220;a great start to the year,&#8221; citing growing demand for the company&#8217;s &#8220;outperformance in the first quarter, a further increase of full year earnings guidance, and 60% expected earnings growth year over year.&#8221;
Outlook: Royal Caribbean expects FY24 net yields to increase 9% to 10% in constant currency vs. 2023.
RCL raised its FY24<a href="https://www.benzinga.com/pressreleases/23/02/n30760190/royal-caribbean-group-reports-2022-results-and-provides-forward-guidance"> </a>adjusted EPS guidance <a href="https://www.benzinga.com/news/earnings/24/02/36891243/whats-going-on-with-royal-caribbean-cruises-stock-thursday">from $9.50 &#8211; $9.70 </a>to $10.70 &#8211; $10.90 against the consensus of $10.06.
The company sees second-quarter net yields to increase 10.20% to 10.70% in constant currency. RCL sees adjusted EPS of $2.65 &#8211; $2.75.
Price Action: RCL shares are trading higher by 1.56% at $138.70 at the last check Thursday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation &#8211; &#8216;The Worst Possible Outcome For The Fed&#8217;</a>

Royal Caribbean Executive Says New-To-Cruise Continues To Grow, Increasing 16% YoY

Royal Caribbean Executive Says Expects To Further Reduce Leverage To Just Below Mid-3X By The End Of 2024

Royal Caribbean Executive Says Bookings Have Been Outpacing Last Year By A Wide Margin On A Weekly Basis Despite Having Less Inventory Remaining For Sale

Royal Caribbean Executive Says Regarding The Situation In The Red Sea Co Has Rerouted Some Spring Cruises; Regarding The Situation In The Red Sea Co Has Contingency Plans For A Few Other Sailings That May Be Impacted In The Fall; The Caribbean Largest Product Group, Represents 55% Of Booked Position For 2024

Royal Caribbean Executive Says Co Returned To The China Market This Month

Royal Caribbean shares are trading higher after the company raised its 2024 adjusted EPS guidance above estimates and reported better-than-expected Q1 2024 financial results.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The S&amp;P 500 and other major stock indices continue to waver. April continues to be a volatile month. Inflation continues to be sticky with rates growing above 3% for the third straight month in March. There are also other indications that growth may be slowing. Yet, there continues to be reason for S&amp;P 500 Bulls to remain optimistic.



For one, the markets have proven especially difficult to predict over the last few years. Just as soon as stocks are predicted to go one way they&rsquo;ve seemed to go the other. Beyond that, there continues to be hope for one or more rate cuts in 2024. In short, optimism is a far from unreasonable position at the moment.



The U.S. economy has proven particularly resilient. That strength has transferred to the stock market. The S&amp;P 500 is the best proxy for the U.S. economy which is yet another reason to remain bullish.



<h2>Google (GOOG,GOOGL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/02/alphabet-stock-google-1-300x169.jpg" alt="Alphabet (GOOG,GOOGL) sign reading Google inside building"><div>Source: Benny Marty / Shutterstock.com</div></div>Google&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>,<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) recent earnings report provides all the reason any investor could need to remain bullish about the stock.



It looks like the company has finally figured out how to harness the power and profitability of artificial intelligence. Google reported $23.7 billion in profits during the quarter, <a href="https://www.investopedia.com/4-key-takeaways-from-google-parent-alphabet-q1-2024-earnings-call-8638757">a 57% increase on a year-over-year basis</a>.&nbsp;



The company continues to invest heavily in AI. it wasn&rsquo;t always that way. Google fell behind other Tech Titans early on in the race to invest in artificial intelligence. Instead, it is a late push that has propelled Google back into the AI dominance conversation. The company has pushed billions of dollars into cloud and AI investment that are paying dividends.



By the way, Google announced that it will begin paying dividends while simultaneously initiating a share buyback program. Google&rsquo;s search engine&nbsp;product is again strong. The company has gained stability through its newly announced dividend program, and it seems to be on the right track in terms of AI. All of these factors should strengthen investor sentiment in the notion that Google is back.



<h2>Impinj (PI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600b-300x169.jpg" alt="software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity"><div>Source: Shutterstock</div></div>Impinj (NASDAQ:<a href="https://investorplace.com/stock-quotes/pi-stock-quote/">PI</a>) isn&rsquo;t a company that gets a lot of attention in general. That should change following the blowout earnings report. Following a big beat, the stock soared by more than 20%.&nbsp;



The <a href="https://www.businesswire.com/news/home/20240424296191/en/Impinj-Reports-First-Quarter-2024-Financial-Results/">$76.8 million in revenues that the firm reported</a> was ahead of analyst estimates. Included in the report was also GAAP earnings of $33.3 million. Those strong earnings were bolstered by a $45 million dollar win in a patent litigation suit. While some may worry that that is a one-off win and that earnings will suffer, consider that Impinj will also benefit from strong intellectual property moving forward.



The company provides miniature radio frequency ID chips used to collect data on items.&nbsp;



Impends also provided strong guidance suggesting impressive sequential growth. The company expects revenue to rise to between $96 and $99 million in the coming quarter. GAAP Income should fall somewhere in the neighborhood of $22 million. That isn&rsquo;t bad at all considering that the company won&rsquo;t have the benefit of a $45 million litigation payout.&nbsp;



<h2>American Express (AXP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/american_express_axp1600-300x169.jpg" alt="the American Express logo etched into wood"><div>Source: First Class Photography / Shutterstock.com</div></div>It&rsquo;s fair to say that&nbsp;bullish investors have good reason to choose American Express (NYSE:<a href="https://investorplace.com/stock-quotes/axp-stock-quote/">AXP</a>)&nbsp;over other credit card stocks. It continues to outperform rivals including Visa (NYSE:<a href="https://investorplace.com/stock-quotes/v-stock-quote/">V</a>) and Mastercard (NYSE:<a href="https://investorplace.com/stock-quotes/ma-stock-quote/">MA</a>).



That&rsquo;s particularly true in 2024. AXP shares are up more than 25% year-to-date as I write this. Visa and MasterCard have risen by approximately 5% and 8% during the same time frame, respectively. The outperformance of American Express relative to those firms is not a new phenomenon. Instead, it dates back over the past five years or so. American Express stock has <a href="https://invezz.com/news/2024/04/23/heres-why-american-express-axp-stock-is-beating-visa-mastercard/">grown by triple digits</a> during that period<a href="https://invezz.com/news/2024/04/23/heres-why-american-express-axp-stock-is-beating-visa-mastercard/"> </a>while its rivals have grown substantially less.



That begs the obvious question: what differentiates American Express from its rivals? The obvious answer can be found in the credit-worthiness of its members.&nbsp; American Express caters to a more affluent member base with higher credit-worthiness. As American credit card debt continually soars to new record highs, American Express is better positioned overall.&nbsp;



<h2>Royal Caribbean (RCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/cruise-line-stocks-300x169.jpg" alt="A close-up shot of a woman wearing a straw hat with a cruise ship in the background. Cruise stocks are in the news again today."><div>Source: Andy Dean Photography / Shutterstock.com</div></div><a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">Cruise stocks</a> are back. That&rsquo;s the narrative the markets are following after Royal Caribbean (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>) posted strong first quarter earnings.&nbsp;



Those earnings included some very positive figures including $360 million in net income. That was particularly welcome given the fact that Royal Caribbean posted a $48 million net loss a year ago during the same period.&nbsp;



Revenues jumped by more than 29%. Consumer demand and spending for experiences including travel remains especially resilient. Growth in consumer demand for experience is <a href="https://www.marketwatch.com/story/royal-caribbeans-stock-rallied-toward-a-record-after-a-big-profit-beat-and-raised-outlook-as-cruise-demand-remained-very-robust-538e810c">more than double growth in consumer demand for goods</a> over the last 12 months.



It continues to be quite a turnaround story for Royal Caribbean and other cruise stocks. Investors will remember that the big three cruise lines were all forced to cease operations during the pandemic. The story was similar to that for airlines. Each industry incurred massive losses as their respective fleets sat idle. However, there is one important difference: Cruise lines tend to benefit&nbsp;much less from government subsidies because they are often registered in tax havens. Point being, their resurgence is that much more impressive.



<h2>AMD (AMD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/amd1600-1-300x169.png" alt="Advanced Micro Devices, Inc. (AMD) logo in the building at CNE in Toronto. AMD is an American semiconductor company."><div>Source: JHVEPhoto / Shutterstock.com</div></div>AMD (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) has grown so fast&nbsp;that it has come to represent real risk. Back in October 2023, investors could have picked up shares for under $100. They quickly rose to more than $200 by early March. The reason is simple: AMD is inherently connected to the rise of AI and is Nvidia&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) primary challenger. That connection brings it higher in the good times and pulls it lower in the bad.



There&rsquo;s currently reason to believe that the bad may be subsiding.&nbsp;AMD&rsquo;s charts show that the company&rsquo;s&nbsp;share price has instead steadily continued to rise over the last week. It appears that there is significant resistance near the $150 share price mark.&nbsp;



There isn&rsquo;t much to glean from that information. There&rsquo;s no substantial catalyst that sets AMD apart and has made it settle in that range. It&rsquo;s more of a simple recognition that the markets continue to believe in AMD overall. The company will soon report results and any positive news there promises to send it higher again.



<h2>Tesla (TSLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/tsla1600-12-300x169.png" alt="Tesla (TSLA) sign on the building on car sales"><div>Source: Vitaliy Karimov / Shutterstock.com</div></div>Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) continues to work its way through a troubled period but is benefiting from a quickly warming market sentiment.&nbsp;



One of the best ways to understand what is currently going on is to work through its delivery numbers. Tesla delivered 387,000 vehicles during the period. That was so far less than expected in earlier forecasts. Lower than expected deliveries leads to weaker earnings. However, Tesla&rsquo;s 45 cents of earnings during the quarter were better than expected given how much deliveries fell. It&rsquo;s very much a case of finding the positive in the negative.



Meanwhile, Tesla <a href="https://www.reuters.com/business/autos-transportation/teslas-plan-affordable-cars-takes-page-detroit-rivals-2024-04-26/">announced accelerated development plans</a> for a low-priced vehicle. It&rsquo;s clear that market demand for high-priced electric vehicles is not nearly as strong as it once was. The release of a low-price vehicle should make Tesla more competitive once again. Growth rate should rise as a result.&nbsp;



Beyond that, it&rsquo;s fair to assert that the market is looking for reasons to love Tesla as it has long suffered. Those same investors are increasingly concerned about other Magnificent Seven stocks and their valuations. That makes Tesla a prime choice at the moment.&nbsp;



<h2>Broadcom (AVGO)</h2>



Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/">AVGO</a>) is one of the strongest secular stock choices for the AI chip boom. The company represents a strong mix of exposure to long-term trends, growth, and stability&nbsp;that few other firms can match.



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/AVGO1600-300x169.jpg" alt="broadcom (AVGO) logo outside office building"><div>Source: Sasima / Shutterstock.com</div></div>Broadcom is a semiconductor design firm with expertise across a number of fast growing verticals with long-term potential. That broad exposure to a number of high growth niches results in rapid growth. Revenues continue to grow at a rate of nearly 40% per quarter. Share prices have doubled over the last year. It all combines to suggest that Broadcom is a uniquely positioned chip designer with long-term potential.



Yet, at the same time, Broadcom is a stable firm. The company currently provides $21 in dividends for each share per quarter.&nbsp;



Again, there is perhaps no other firm that provides that combination of long-term growth exposure and stability. Despite Broadcom&rsquo;s rapid growth over the past year it would be a mistake for bullish investors to ignore it at this point.



On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/7-stock-picks-that-sp-500-bulls-cant-afford-to-ignore/">7 Stock Picks That S&amp;P 500 Bulls Can&#8217;t Afford to Ignore</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Stock Picks That S&P 500 Bulls Can't Afford to Ignore

In this video, I review the best performing S&P 500 stocks in 2023. I take a look at where they are today and what kind of investments they could be.

10 Best Performing S&P 500 Stocks In 2023 - Should You Buy Them Now?

Smooth sailing for Viking as cruise operator closes week with 13% post-IPO gain

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
After several difficult years both during and after the Covid-19 pandemic, the cruise line industry is finally bouncing back. Cruise operators are reporting <a href="https://www.baystreet.ca/stockstowatch/16565/Cruise-Line-Operators-See-Record-Bookings-For-2024">record bookings for 2024</a> as travel demand comes back to pre-pandemic levels. According to the Cruise Lines International Association (CLIA), a record 35.7 million people are expected to cruise this year, up from 31.5 million in 2023, and 6% more than the number of passengers that sailed in 2019 before the industry was crippled by the pandemic. With continuous growth on the horizon, now is the right time to buy currently undervalued <a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">cruise stocks</a>. 



During recent earnings calls, cruise line companies have reported that they are seeing record bookings for this year and into 2025 as travel demand continues to grow. Capacity is now becoming an issue with many cruise ships booked solid through mid-2025, a good problem for the cruise operators to have. That&rsquo;s in comparison to the pandemic years when ships sat idle in ports around the world and the industry <a href="https://www.tipranks.com/news/article/royal-caribbean-stock-nysercl-undervalued-and-outperforming">lost a collective $32 billion</a>. Here are the three most undervalued cruise stocks to buy in May 2024.



<h2>Viking Holdings (VIK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/vik1600-300x169.png" alt="MV Viking Star in North Sea Canal. Detail of funnel. VIK stock and VIK IPO"><div>Source: StudioPortoSabbia / Shutterstock.com</div></div>Swiss cruise operator Viking Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/vik-stock-quote/">VIK</a>) just went public on May 1. Gauging its valuation is a little tricky at the outset and more will be known when the company issues its first financial results as a publicly traded company. But at the outset, the initial public offering (IPO) looks to have been a success, rising 10% since its debut on the New York Stock Exchange. Viking Holdings has been in business since 1997 and is known for its European river cruises. Unlike many newly listed companies, it has a history of profitability, though it did <a href="https://www.reuters.com/business/retail-consumer/ipo-bound-viking-holdings-reveals-50-revenue-jump-loss-2023-2024-04-05/">suffer a loss</a> in 2023.



Viking&rsquo;s market valuation currently stands at just over $11 billion, with more than 430 million shares outstanding. The company raised $1.54 billion through its stock offering, the most among American IPOs so far this year. Viking Holdings today generates more than $4 billion in annual revenues and employs about 10,000 people worldwide. <a href="https://www.cnbc.com/2024/05/02/cramer-says-hes-willing-to-pay-up-for-viking-biggest-ipo-of-the-year.html#:~:text=CNBC's%20Jim%20Cramer%20on%20Thursday,destinations%20like%20Iceland%20or%20Egypt.">Analysts are bullish</a> at the outset, saying Viking&rsquo;s stock should perform well given the company&rsquo;s affluent clientele and growth potential. At $29 a share, VIK stock is attainable.



<h2>Royal Caribbean Cruises (RCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/rcl-1600-300x169.jpg" alt="Serenade of the Seas cruise"><div>Source: NAN728 / Shutterstock.com</div></div>Royal Caribbean Cruises (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>) is on an upswing, with its stock having gained 82% in the last 12 months, including a 19% increase so far in 2024. RCL stock has now come all the way back from the doldrums of the Covid-19 crisis, with its share price trading 6% above pre-pandemic levels. Among the cruise line operators, Royal Caribbean has been a top performer as its booking and financial results bounce back strongly. Yet despite the recovery, RCL stock still trades at <a href="https://www.tipranks.com/news/article/royal-caribbean-stock-nysercl-undervalued-and-outperforming">a comparatively low valuation</a>.



Currently, RCL stock is trading at just 18 times future earnings estimates. It doesn&rsquo;t pay a dividend, but there looks to still be room for the share price to run higher. The 12 analysts offering a rating on Royal Caribbean rate the stock a &ldquo;<a href="https://www.tipranks.com/stocks/rcl/forecast">strong buy</a>,&rdquo; with an average price target that is 5.5% above current levels. The cruise operator just released <a href="https://ca.finance.yahoo.com/news/royal-caribbean-cruises-ltd-rcl-131505882.html">financial results </a>that included earnings per share (EPS) of $1.77 versus consensus estimates of $1.31. Revenue also beat Wall Street forecasts. Earnings are expected to continue growing.



<h2>Norwegian Cruise Line (NCLH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/nclh-1600-1-300x169.jpg" alt="Norwegian Cruise Line ship arriving at a port. NCLH stock."><div>Source: Ian_Stewart / Shutterstock</div></div>For a buy-the-dip candidate, look to Norwegian Cruise Line (NYSE:<a href="https://investorplace.com/stock-quotes/nclh-stock-quote/">NCLH</a>). The company&rsquo;s stock is down 11% on the year and trading not far from its 52-week low. The share price is also trading 72% lower than where it was in 2019 before Covid-19. Currently trading at 24 times future earnings estimates, the stock looks to have a reasonable valuation that shouldn&rsquo;t keep investors away. 



Like a lot of cruise line operators, <a href="https://www.barrons.com/articles/norwegian-cruise-line-earnings-stock-price-db908fae">Norwegian has struggled</a> with excessive debt taken on during the pandemic. But NCLH is probably top on the list of undervalued cruise stocks as it has the most room to improve.



At the end of 2023, Norwegian&rsquo;s <a href="https://cruiseindustrynews.com/cruise-news/2024/02/norwegian-cruise-line-reports-strong-q4-and-full-year-2023-results/">debt stood at $13.7 billion</a>. That was after the company repaid $1.9 billion of debt throughout last year. Clearly, the company needs to make more progress on its debt. That said, Norwegian Cruise Line has been reporting financial results that show improvement in several key areas. These include an occupancy rate on its ships of 102%, revenue that is 32% above pre-pandemic levels, and expanding operating margins due to aggressive cost controls. 



On the date of publication, Joel Baglole did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/the-3-most-undervalued-cruise-stocks-to-buy-in-may-2024/">The 3 Most Undervalued Cruise Stocks to Buy in May 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Most Undervalued Cruise Stocks to Buy in May 2024

Royal Caribbean to hire thousands to keep up with record cruise demand - report

Wall Street Breakfast Podcast: U.S. Reportedly Restricts Qualcomm, Intel Over Huawei Supply

The past few years have proven to be prosperous for numerous leisure and travel companies as consumers embrace vacations like never before. In fact...

Royal Caribbean (NYSE:RCL) Goes on a Hiring Spree Amid Buoyant Demand

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
These days, the narrative underlying the best <a href="https://investorplace.com/industries/consumer-discretionary/travel/">travel stocks</a> to buy is a tricky one. After all, with the Covid-19 pandemic being more of a distant memory, the concept of revenge travel has faded. Nevertheless, it&rsquo;s not a completely irrelevant phenomenon.



While the acute urgency might not be there, consumers are <a href="https://www.forbes.com/sites/rogersands/2024/01/11/young-high-income-earners-consider-travel-a-top-priority/#:~:text=Young%20affluents%20are%20prioritizing%20travel.&amp;text=High%2Dincome%20earners%20show%20a,to%20a%20report%20by%20YouGov.">increasingly prioritizing new experiences</a>. That&rsquo;s especially the case for young and upwardly mobile workers. Plus, with the economy adding more jobs than expected (the April employment picture aside), it&rsquo;s possible that the travel industry&rsquo;s total addressable market has expanded.



If so, investors can potentially bank on this development. Below are the best travel stocks to buy.



<h2>Delta Air Lines (DAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/delta-airlines-dal-1600-300x169.jpg" alt="Inside the airplane cabin of a Delta flight."><div>Source: EQRoy / Shutterstock.com</div></div>One of the reasons why Delta Air Lines (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/">DAL</a>) ranks among the best travel stocks to buy is relative performance. Since the beginning of the year, DAL has popped up a bit more than 29%. Generally, it has been a gradual rise skyward. On the other hand, the discount airline specialists have been disappointing and turbulent.



To be sure, Delta isn&rsquo;t perfect. It could use some work on its balance sheet, specifically its modest cash-to-debt ratio of 0.17X. However, I do appreciate that the company posts a <a href="https://www.gurufocus.com/stock/DAL/summary?search=dal">three-year revenue growth rate</a> of 49.8%. That&rsquo;s well above the industry average. Even with that performance, DAL is cheap, trading at only 0.57X trailing-year revenue. With consumers prioritizing experiences, Delta now seems a reasonable wager.



For fiscal 2024, experts are looking for earnings per share of $6.62 on revenue of $58.11 billion. Last year, the company posted earnings of $6.25 per share on sales of $61.91 billion. While it might not bring the excitement factor, it makes for one of the best travel stocks to buy.



<h2>Royal Caribbean Cruises (RCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/rcl-stock-300x169.jpg" alt="Deck of a Royal Caribbean (RCL) cruise ship looking over the ocean"><div>Source: Venturelli Luca / Shutterstock.com</div></div>As with Delta Air Lines above, relative performance is a key factor for Royal Caribbean Cruises (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>). Since the beginning of this year, RCL stock gained almost 18% of equity value. It&rsquo;s been a choppy ride but it&rsquo;s getting the job done. The same cannot be said for its two competitors, both of which are down double-digit percentages during the aforementioned period.



Royal isn&rsquo;t a sterling example within the travel industry. Looking at its balance sheet, its cash-to-debt ratio sits at a lowly 0.02X. That&rsquo;s not good compared to related enterprises. However, it does sport a three-year revenue growth rate of 68.3%. While this robust metric won&rsquo;t last, it does demonstrate the viability of Royal&rsquo;s recovery narrative. Also, shares trade at a discounted 12.97X to forward earnings.



Interestingly, for fiscal 2024, analysts project that EPS will land at $10.89 on revenue of $16.38 billion. Last year, the cruise ship operator posted EPS of $6.77 on sales of $13.9 billion. Combined with the aforementioned cheap multiple, RCL makes a case for best travel stocks to buy.



<h2>Uber (UBER)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/uber1600-300x169.png" alt="Uber sign on its headquarters building in San Francisco, California, USA - June 6, 2023. Uber Technologies is a transportation conglomerate."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Technically speaking, ride-sharing giant Uber (NYSE:<a href="https://investorplace.com/stock-quotes/uber-stock-quote/">UBER</a>) doesn&rsquo;t fall under the category of best travel stocks to buy. That&rsquo;s because it&rsquo;s not really a travel enterprise. Instead, it belongs in the software application ecosystem. It&rsquo;s true magic stems from connecting people with extra time and space to provide a mobility service with those who need such solutions.



Moving forward, Uber will likely be indispensable when it comes to mobility abroad under the vacationing context. Too many times, when going abroad to &ldquo;questionable&rdquo; areas, tourists can get easily scammed by taxi drivers. Frankly, tourists usually don&rsquo;t know the language and they don&rsquo;t know the lay of the land.



With Uber, you don&rsquo;t need to know. Everything is handled through the app, including service complaints and what not. Essentially, the platform keeps honest people honest.



Best of all, the business resonates with Wall Street. For fiscal 2024, analysts anticipate EPS of $1.36 on sales of $43.27 billion. Last year, the company posted earnings of 81 cents per share on sales of $34.83 billion.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/the-3-best-travel-stocks-to-buy-in-may-2024/">The 3 Best Travel Stocks to Buy in May 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Travel Stocks to Buy in May 2024

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Cruises are among the most popular vacation picks for people of all ages. The uptick in cruising has shown an immaculate rebound following the massive setback of Covid-19. Truly, the tourism industry suffered as a whole. Yet, other forms of travel didn&rsquo;t see as much revitalization as the cruise sector which set an <a href="https://gcaptain.com/cruise-industry-set-new-passenger-record-in-2023/#:~:text=In%202023%2C%20the%20passenger%20volume,to%20embark%20on%20cruise%20vacations.">industry record</a>. The number of passengers in 2023 reached 31.7 million.



With more diverse offerings and pricing, cruises are now appealing to a broader demographic and are already off to the races this year. These three <a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">cruise stocks</a> are the cruise lines with the most promising prospects and likelihood to show fantastic growth.



Let&rsquo;s learn about each cruise line&rsquo;s unique offerings, pricing and performances that reflect the industry&rsquo;s upward trend right now.&nbsp;



<h2>Carnival (CCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/ccl1600-300x169.png" alt="Carnival (CCL) logo sign in the night at their headquarters in Miami, Florida, USA. Carnival Cruise Line is an international cruise line."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Carnival (NYSE:<a href="https://investorplace.com/stock-quotes/ccl-stock-quote/">CCL</a>) has the second-largest market cap in the cruise industry. It&rsquo;s known for its relatively affordable pricing model, which appeals to more average consumers. Carnival&rsquo;s dedication to providing the price point sets it apart from the image of luxury that many associate with cruising.&nbsp;



Due to its pricing, Carnival has seen great success and is one of the top cruise lines riding the surge in momentum affecting the industry. In the Q1 of this year, Carnival reported <a href="https://www.carnivalcorp.com/static-files/c0a151fb-e65d-400c-88d0-b6885bb4b3b0">record revenue at $5.4 billion</a> and an all-time high in booking volume. The average price of each booking is increasing as well.&nbsp;



Cash hit $1.8 billion, and operating income was $276 million. Also, this leeway has allowed Carnival to successfully <a href="https://cruiseindustrynews.com/cruise-news/2024/02/carnival-cruise-line-orders-new-ship-for-2027-delivery/">order new builds</a> for the first time in five years. The two ships will belong to Carnival&rsquo;s excel-class and will be delivered in 2027 and 2028.



Further, Carnival emphasizes providing top-tier customer satisfaction and making the joy of its cruises accessible to all. Its broad target market and excellent momentum make it a superb buy.



<h2>Lindblad Expeditions (LIND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/lind-1600-300x169.png" alt="National Geographic Endurance ship in Norway. Small ship from Lindblad Expeditions. LIND stock."><div>Source: Arild Lilleboe / Shutterstock</div></div>Lindblad Expeditions (NASDAQ:<a href="https://investorplace.com/stock-quotes/lind-stock-quote/">LIND</a>) offers a specialized cruise experience, making it unique compared to other cruise lines. The company&rsquo;s niche is much smaller, more personalized cruises that typically target wealthier customers. For perspective, LIND cruises never exceed more than 150 passengers.&nbsp;



While a smaller passenger load means fewer bookings, the fewer customers is precisely what makes Lindblad Expeditions stand out. The cruise line prides itself on offering <a href="https://www.expeditions.com/">unique adventures</a> and trips to almost anywhere in the world. Destinations include Antarctica, Alaska, and other less familiar destinations, giving it a strong edge and a small but loyal customer base.&nbsp;



Also, Lindblad Expeditions has a long-term partnership with National Geographic, offering unique <a href="https://www.nationalgeographic.com/expeditions/trip-types/ocean/">expedition cruises</a>. With over 90 possible destinations and unique trips, each expedition provides an opportunity to travel with a dynamic expedition team and visit some of the planet&rsquo;s most remote and pristine places. These cruises are offered only by Lindblad Expeditions until 2040.



In addition, Lindblad Expeditions continues to <a href="https://skift.com/2024/02/28/lindblad-and-disney-to-boost-marketing-of-national-geographic-cruises/">deepen a collabortion with Disney</a> to further enhance the marketing of these expedition cruises. Now is a great time to buy LIND as it continues expanding its niche and unique edge over other cruise lines.&nbsp;



<h2>Royal Caribbean (RCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/rcl-1600-300x169.jpg" alt="Royal Caribbean (RCL) ship at sea from an overhead view"><div>Source: ImagineStock / Shutterstock.com</div></div>With the largest cruise market share, Royal Caribbean (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>) is one of the most predominant cruise lines in the world. Royal Caribbean offers passengers a one-of-a-kind experience through an extensive list of <a href="https://www.royalcaribbean.com/cruise-activities">onboard entertainment</a>, such as Skydiving, Escape Rooms, Water Slides and Theater shows.



Royal Caribbean is reaping excellent benefits from surging demand. For the Q1 of this year, it <a href="https://www.rclinvestor.com/press-releases/release/?id=1702">reported $3.7 billion in revenue</a> and $1.3 billion in operating cash flow. The momentum resulted in record bookings. Consequently, RCL raised its adjusted EPS guidance from $10.70 to $10.90 per share for 2024.



The cruise line is not just riding the current wave of momentum, though. With a series of smart investments, Royal Caribbean has a bright future ahead. The company has bought more ships to fuel a broader selection of trips and invested in ships driven by <a href="https://www.nytimes.com/2022/11/27/travel/cruise-sustainability-climate-change.html#:~:text=Royal%20Caribbean%20Group%2C%20a%20behemoth,that%20use%20liquefied%20natural%20gas.">clean energy</a> sources.



Therefore, Royal Caribbean stands as a giant in the cruise industry, showing no signs of slowing down this year. Investors should buy before the current wave washes away the opportunity.



On the date of publication, Joel Lim did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Joel Lim is a finance freelance writer who writes content for several companies like LTSE and Realtor, along with financial publications, including Mises Institute and Foundation for Economic Education.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/the-3-best-cruise-stocks-to-buy-in-may-2024/">The 3 Best Cruise Stocks to Buy in May 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Cruise Stocks to Buy in May 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The cruise industry has long been a popular choice for travelers seeking a unique and luxurious vacation experience. However, behind the glitz and glamor, the industry has been grappling with several inherent weaknesses. Those have left the sector particularly vulnerable to economic downturns and unforeseen crises. These susceptibilities have been brought to the forefront in recent years, causing investors to question the long-term viability of these <a href="https://investorplace.com/industries/consumer-discretionary/travel/cruise/">cruise stocks</a> to avoid.



One of the most significant weaknesses of the cruise industry is its heavy reliance on discretionary spending. Unlike essential goods and services, cruises are often seen as a luxury. Some consumers easily forego such treats during times of financial uncertainty, such as a stock market crash. Also, high interest rate environment and inflationary pressures have battered these cruise stocks to avoid.



However, travelers are <a href="https://maritime-executive.com/magazine/global-cruise-outlook-new-heights">focusing on experiences</a> and are willing to pay for them. The result is record bookings and stronger pricing power for the cruise lines industry overall.



So, while it&rsquo;s still full steam ahead, a few companies are struggling with other macro headwinds. Let&rsquo;s examine three such stocks to avoid.



<h2>Royal Caribbean Cruises (RCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/rcl-1600-300x169.jpg" alt="Serenade of the Seas cruise"><div>Source: NAN728 / Shutterstock.com</div></div>Royal Caribbean Cruises (NYSE:<a href="https://investorplace.com/stock-quotes/rcl-stock-quote/">RCL</a>) has demonstrated improvement in its financial results. However, the company is grappling with a <a href="https://stockanalysis.com/stocks/rcl/statistics/">substantial debt burden</a>. Notably, it has around $20 million in cash and $21 billion in debt.



However, RCL is projecting strong performance for 2024, <a href="https://presscenter.rclcorporate.com/press-release/197/royal-caribbean-group-reports-2023-results-and-expects-record-earnings-in-2024-on-strong-demand-/">having raised its guidance</a> due to robust demand. The company expects adjusted earnings per share (EPS) to fall between $9.90 and $10.10. This follows a notable debt reduction in 2023, when RCL paid off approximately $4 billion, aiming to reach investment grade metrics.



For 2024, RCL has scheduled significant capital expenditures totaling around $3.3 billion. This price tag was primarily for its new ship orders, including the Utopia of the Seas and Silver Ray. Also, the company anticipates a capacity increase of 8.5% compared to 2023. Despite its positive outlook, its current and quick ratios stand at 0.19 and 0.09, making it a highly leveraged company. Therefore, it holds a risky position in the event of a broad sell-off in the indices, as investors typically undergo a flight to safety and away from these speculative investments.



<h2>OneSpaWorld Holdings (OSW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/cruise-line-stocks-300x169.jpg" alt="A close-up shot of a woman wearing a straw hat with a cruise ship in the background. Cruise stocks are in the news again today."><div>Source: Andy Dean Photography / Shutterstock.com</div></div>OneSpaWorld Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/osw-stock-quote/">OSW</a>) provides health and wellness products aboard cruise ships. But the sailing line has experienced fluctuations in its stock performance. And, OSW could be substantially impacted if a stock market crash comes materializes.



Still, OSW has <a href="https://simplywall.st/stocks/us/consumer-services/nasdaq-osw/onespaworld-holdings/news/onespaworld-holdings-first-quarter-2024-earnings-beats-expec">raised its revenue guidance</a> for 2024 to $860 to $880 million, reflecting a positive start to the year. The company reported a significant improvement in Q1 of 2024. Revenues increased to $211.2 million, a 16% rise from the previous year. Also, net income reached $21.2 million, turning around from a loss of $15.9 million year-over-year (YOY).&nbsp;



But, the situation becomes dicey because OSW&rsquo;s <a href="https://stockanalysis.com/stocks/osw/statistics/">valuation is essentially hinged</a> on the assumption of no broader markets&rsquo; correction and its continued incredible earnings growth run.



Yet, OSW trades at 55 times earnings, and its forward P/E is 18 times earnings. So although times are certainly good for OSW, its high P/E makes its stock price vulnerable to being sold off. This is specially true if the broader macro backdrop deteriorates in the face of higher for longer interest rates and stubborn inflation.



<h2>Norwegian Cruise Line Holdings (NCLH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/nclh-1600-300x169.png" alt="Norwegian Cruise Line ship docked in Saint Petersburg. NCLH stock."><div>Source: Nazar Skladanyi / Shutterstock</div></div>Norwegian Cruise Line Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/nclh-stock-quote/">NCLH</a>) is another major player facing similar challenges. Despite some positive earnings, the overall volatility in the cruise sector and potential regulatory changes post-pandemic add a layer of investment risk in addition to the market risks it faces.



Additionally, NCLH is significantly leveraged, but to a lesser degree than RCL. Its liquidity ratios for its current and quick measures are 0.24 and 0.13, respectively. So this adds a dimension of financial risk to the equation.



Still, the company reported <a href="https://stockanalysis.com/stocks/nclh/statistics/">Q1 revenue of $1.9 billion</a> for the end of 2023, marking a 30.8% increase from the previous year. And projections indicate a strong year ahead&#8203;. Also, it forecasts an adjusted EPS of almost $1.23. This outlook is supported by a forecasted increase in net yield of approximately 5.5% and an occupancy rate expectation of around 105.1%.



Again, this could make holding NCLH a risky proposition. Clearly, its valuation is propped up via some optimistic assumptions about its fundamentals and the broader market. 



On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/stock-market-crash-warning-dont-get-caught-holding-these-3-cruise-stocks/">Stock Market Crash Warning: Don&#8217;t Get Caught Holding These 3 Cruise Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Cruise Stocks

AVGO

BLDR

LIND

NCLH

NVDA

PANW

QCOM

RDDT

UBER

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Royal Caribbean Gr Stock (NYSE:RCL), Short Interest Report

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