Royal Caribbean (NYSE:RCL) shares have shed 70% of their value since last year. With no-sail orders in place throughout the United States and Europe through July, cruise lines are finding ways to preserve their liquidity so that they are in good shape to potentially return this summer. Uncertainty looms over the resumption of business for RCL stock, but executives are hoping the company can restart operations before 2021.Source: Laszlo Halasi / Shutterstock.com With virtually no revenue since mid-March, RCL is burning between $250 million and $275 million a month while its operations are suspended. To mitigate costs, the company has cut more than 5,000 of its employees, a number which is expected to grow under a prolonged recession scenario.According to Zack's Investment Research, earnings estimate for the upcoming quarter is a loss of 58 cents, which is a 145% decrease from the year-ago quarter. Let's dive a little deeper as to...
5G is here. The new digital wireless technology first started to make waves in 2017, with connectivity tests in Argentina, Norway, and Poland. By late 2018, active 5G networks were starting to appear on a limited basis in various urban areas, and in 2019 the first nationwide networks went into operation in the US and China. As 2020 matures, industry analysts expect to see these networks expand, as providers move into the mid- and high-frequency bands.Looking ahead at the landscape 5G companies will have to navigate, Roth Capital's Scott Searle writes, “5G represents a multi-year product cycle that will drive multiple investable opportunities including incremental dollar content, the emergence and enablement of private networks and Industry 4.0, and incremental bandwidth/applications such as fixed wireless access…”The companies involved in the multiple aspects of the ongoing 5G rollout are going to attract plenty of attention in the coming months. But not all of...
Stock futures were lower Friday morning after a whipsaw session on Thursday, as investors continued to weigh new economic data and earnings results against hopes of a speedy economic reopening....
It was bound to happen at some point and Federal Reserve Chair Jerome Powell did the honors. After several weeks of a disconnect between rising equity prices and terrible economic numbers, Powell finally deflated sentiment with a stark warning about the challenges ahead. That was enough to send shares of most companies down, including streaming equipment provider Roku (NASDAQ:ROKU). Although Roku stock gained previously on the hostage audience thesis, it wasn't so lucky on Wednesday.Source: Michael Vi / Shutterstock.com But that wasn't the only setback that hurt shares. Mostly, Wall Street took a dim view on Roku stock because of the underlying company's recent prospectus, which revealed management's decision to enter an equity distribution agreement. In it, Morgan Stanley (NYSE:MS) and Citigroup (NYSE:C) will assist in selling shares via an "at-the-market" offering. The agreement has a maximum limit of four million shares.Naturally, this is dilutive for current shareholders, which on the...
