America's up-again, down-again group of cruise line stocks -- Carnival Corporation (CCL), Royal Caribbean (RCL), and Norwegian Cruise Line Holdings (NCLH) -- went down again, en masse, this week, with all three companies' stocks sinking 10% or more.Don't say you were not warned.Analyst Chris Woronka of Deutsche Bank penned a note in which he tweaked price targets ever so slightly higher. At the same as he did this, however, Woronka also warned investors that none of the three publicly-traded cruise stocks is currently cheap enough to buy.Although Woronka raised his estimates (the price target on Carnival going from $11 to $13 a share, Royal Caribbean going from $36 to $40, and Norwegian Cruise from $11 to $15), the analyst remained firmly on the fence about all three of these companies, and reiterated a "hold" rating on all three stocks. Turns out, while in the long term Woronka sees the three major...
Heavy-duty components manufacturer Stemco announced a series of changes to its product lines, including exiting the brake products category, to refocus resources on its core products. ...
Heavy-duty components manufacturer Stemco recently announced a series of changes to its product lines in an effort to refocus resources on its core products. ...
Soligenix (NASDAQ: SNGX) shares were trading higher on Friday after the company completed enrollment in its Phase 3 clinical trial of SGX942 for the treatment of oral mucositis.Soligenix is a late-stage biopharmaceutical company based in the U.S. It focuses on developing and commercializing products to treat rare diseases where there is an unmet medical need.The company operates through two business segments: Specialized BioTherapeutics and Public Health Solutions.It generates maximum revenue from the Public Health Solutions segment. The Public Health Solutions business segment includes development programs for RiVax, a ricin toxin vaccine candidate; OrbeShield, a GI acute radiation syndrome therapeutic candidate; and SGX943, a melioidosis therapeutic candidate.Soligenix shares were trading up 4.76% at $1.98 on Friday at the time of publication. The stock has a 52-week high of $3.54 and a 52-week low of 71 cents.See more from Benzinga * Why Ekso Bionics Stock Is Trading Higher Today * Amazon Buys Autonomous...
Carnival (NYSE:CCL) reported preliminary second-quarter results on June 18. The cruise operator had an adjusted net loss of $2.4 billion or $3.30 share from $700 million in revenue. CCL stock dropped about 11% since releasing the news.Source: Ruth Peterkin / Shutterstock.com At this point, it makes no sense for investors interested in buying and selling Carnival stock, in giving one bit of thought to analyst estimates. My cat could do just as good a job modeling future sales and earnings. The latest results show just how big a mug's game professional research analysis is at the moment. Carnival's Miss Was BigOn the top line, Carnival's sales missed the consensus estimate of $809.1 million by $109.1 million. Only a 13.5% miss. In the upside-down business environment that is the novel coronavirus, that's actually quite good. InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the analysts were expecting an adjusted loss...
Remark Holdings (NASDAQ:MARK) stock has had an up-and-down history. The shares shot up from $2 to $8 in 2014. And they spiked from $3 to $12 in 2018 before sinking back again. By early this year, the stock was trading for less than 50 cents. The company was nearly out of cash, and its options seemed limited.Source: Shutterstock Then the novel coronavirus hit and rejuvenated the company. Remark is currently focusing on cameras powered by artificial intelligence. The company has developed cameras that allow large public venues, such as casinos and stadiums, to perform thermal temperature readings of people, helping to reduce the risk of virus infections. Traders have gravitated to the story, with the company's stock surging as much as tenfold in recent weeks. A Remarkable TransitionRemark has been in several different businesses in recent years. At one point, it owned major domain names such as Vegas.com which it used...
