A rising tide is said to float all boats. But when it comes to Carnival (NYSE:CCL), investors need to know where the exits are before climbing aboard CCL stock. Let me explain.Source: Ruth Peterkin / Shutterstock.com To be certain, it has been a great week for Wall Street -- and even some Carnival investors. Out of the gate on Monday, the broader averages ramped higher on sorely needed confirmation for the prior week's "iffy" market bottom. Healthy gains of around 6.75% in the large-cap and diversified S&P 500 were backed by a collective sigh of relief from investors.The move followed reports that a peak in the novel coronavirus may be at hand.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd beleaguered cruise line operator Carnival wasn't left stranded either. Shares sailed strongly higher by more than 20% in Monday's session while handily outperforming the broader market. And in some ways,...
Stocks in several sectors have plummeted after the coronavirus-driven market meltdown. Airline, energy and tourism stocks have taken a big hit due to the black swan event. Other stocks that have been relatively resilient. Qualcomm (NASDAQ:QCOM) stocks is one of the names that has not collapsed.Source: testing / Shutterstock.com Yes, Qualcomm stock has declined by 18.8% from its 52-week highs, but the correction has largely been in-line with the index correction. I believe that the stock is worth considering at current levels and this column will discuss the reasons for this view.What follows is predicated on what seems like the peaking of the novel coronavirus in the United States and Europe. There are uncertainties related to the timeline for renewed economic growth. Therefore, for any stock, it makes sense to gradually accumulate. Risk-off trade still remains dominant even as markets have seen some respite from selling pressure.InvestorPlace - Stock Market News,...
I can't help but feel bad for Caesars Entertainment (NASDAQ:CZR). As any gaming and resort company in Las Vegas, they are highly dependent on consumer sentiment. Prior to the novel coronavirus upending our record-breaking bull market, CZR stock was on the verge of something special. That's according to Caesars CEO Tony Rodio, who stated that the company possibly had its best two months in its history.Source: Jason Patrick Ross/Shutterstock.com To be honest, I always take corporate announcements with a grain of salt. But in this case, the data backs everything that Rodio had to say. According to the Las Vegas Convention and Visitors Authority, visitor traffic to Sin City increased notably for January and February of this year, to the tune of 3.9% and 4.5%, respectively.Better yet, gaming revenue in Clark County, Nevada also increased 5.1% and 0.5% in the first two months of 2020. While a half-percent increase in February...
