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The Procter & Gamble Company
UnitedHealth Group Incorporated
Royal Caribbean Cruises Ltd.
Service Corporation International
Matthews International Corporation
LifePoint Health, Inc.
Cruise ship stocks fell on Tuesday after reports of more voyage delays surfaced. Carnival said late on Monday its new Mardi Gras ship will not enter service until Feb. 6. Carnival was thus forced to cancel all of the ship's planned departures until the end of January.
Royal Caribbean Cruises (RCL) and Norwegian Cruise have team up to develop safety standards.
On Monday, Royal Caribbean Group <RCL.N> and Norwegian Cruise Line Holdings Ltd <NCLH.N> announced a joint task force to help develop safety standards for restarting their businesses during the coronavirus pandemic. The “Healthy Sail Panel,” co-chaired by former Utah Governor Mike Leavitt and former U.S. Food and Drug Administration Commissioner Scott Gottlieb, is advising the companies on restart plans they will submit to the U.S. Centers for Disease Control and Prevention (CDC) and other regulators at the end of August. The panel plans to share its findings with the entire cruise industry and regulators.
The first half of 2020 was a momentous time for the travel and leisure industry -- but not in a good way. In order to stave off bankruptcy, many in the travel and leisure industry have issued new high-priced debt, low-priced stock, or both, buying themselves time before the industry returns to health. With many "stay-at-home" stocks booming, the travel industry is still in the doldrums, with the stocks of many leading players far below their pre-pandemic highs.
When former American Express CEO Kenneth Chenault left the board of Facebook and was nominated to Berkshire Hathaway’s board, he became the first African American director recruited to Warren Buffett’s iconic conglomerate. Last year, the magazine named nearly 200 companies in this category, so Berkshire was hardly alone with its diversity problem. The same goes for IBM, Mondelez, and Allergan, all of which appeared on the 2019 list, but also recently filled board seats with Black candidates.
The S&P 500 was little changed on Tuesday a day after the benchmark index logged its longest streak of gains this year, as investors weighed expectations of an economic recovery against risks from a sharp jump in new coronavirus cases nationwide. The tech-heavy Nasdaq, on the other hand, claimed another record level, boosted by shares of Microsoft Corp and Apple Inc while the Dow Industrials dropped 0.7% weighed down by Goldman Sachs and Boeing Co. Bank stocks, whose performance is linked to the outlook for the economy, dropped 2.5%.
Energy stocks dropped 2% on worries over fuel demand while travel-related stocks, which were among the hardest hit during lockdowns, also fell. U.S. stocks have climbed despite an alarming rise in coronavirus cases as a surprise expansion in the U.S. service sector and a record job additions in June are among the slate of upbeat data recently that have bolstered views that an economic recovery is underway. The Nasdaq reclaimed its record high last month.
Wall Street's main indexes looked set to open lower on Tuesday following the benchmark S&P 500's longest streak of gains this year as investors weighed the risks to the economy from tens of thousands of new coronavirus cases nationwide. Energy stocks including Occidental Petroleum Corp and Concho Resources dropped about 2% on worries over fuel demand. It looks like it will be a slight retracement of Monday and Thursday's impressive gains, said Ryan Giannotto, director of research at GraniteShares ETFs in New York.
U.S. stock index futures slipped on Tuesday following the benchmark S&P 500 and Nasdaq's five-day rally, as investors weighed the risks to the economy from tens of thousands of new coronavirus cases nationwide. United Airlines Holdings Inc and American Airlines Group Inc were down 3% and 2.8%, respectively. Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd also dropped about 3% each, even as they announced a joint task force to help develop safety standards for restarting their businesses.
Hillenbrand, Inc. (NYSE:HI) President and Chief Executive Officer Joe Raver is scheduled to present at the CJS Securities 20th Annual New Ideas Summer Conference on Tuesday, July 14, 2020, which is being held virtually. The presentation document will be archived on http://ir.hillenbrand.com.
Royal Caribbean Cruises and Norwegian Cruise Line Holdings have enlisted a panel of experts to vet and beef up their safety and health protocols as they aim to reassure cruise-goers amid the Covid-19 pandemic.
Cruise industry leaders Royal Caribbean Group (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) announced a collaboration to develop enhanced cruise health and safety standards in response to the global COVID-19 pandemic. The companies have asked Governor Mike Leavitt and Dr. Scott Gottlieb to serve as co-chairs of a newly formed group of experts called the "Healthy Sail Panel." The panel is tasked with collaboratively developing recommendations for cruise lines to advance their public health response to COVID-19, improve safety, and achieve readiness for the safe resumption of operations.
An online consignment specialist, high-margin cruise line operator, trendy discounter, and streaming video pioneer are four companies angling for your money.
Over the short term, markets are likely to bounce in a range, but as long as new cases don’t significantly strain the health care system, and Americans don’t lose their nerve and return to hunkering down at home, Evercore ISI’s Dennis DeBusschere thinks markets could be in for a “sharp rebound.”
Expecting a change in occupancy at the White House soon? These stocks should be right up your alley.
P&G (PG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The big shareholder groups in UnitedHealth Group Incorporated (NYSE:UNH) have power over the company. Institutions...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
You don't need any special skill sets to recognize the dire picture for Carnival (NYSE:CCL). Recently, S&P Global Ratings downgraded the cruise ship operator's long-term credit rating by three levels to BB-. This cut comes after Moody's Investors Services rated the company as "junk." Naturally, this leaves CCL stock in quite a predicament.Source: Ruth Peterkin / Shutterstock.com To be fair, the negativity isn't unreasonable. After all, it was the Diamond Princess - which is under the Carnival umbrella - that became the face of the novel coronavirus as it was forcibly quarantined off the coast of Japan. Later, other cruise ships suffered the same fate, bringing a black eye to operators like Royal Caribbean Cruises (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH).However, there's a case to be made about deeply embattled investments making a comeback. Certainly, I wouldn't recommend shorting CCL stock. With prices discounted almost ridiculously if you didn't understand the context, they will nevertheless attract at least some contrarians.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn addition, states have pushed toward reopening their economies back to normal capacity. While the record surge in coronavirus cases is a big distraction, bullish investors may argue that the reopening initiatives can't go backwards indefinitely. At a certain point, we've got to get on with our lives. Should enough people embrace this sentiment, CCL stock could recover sooner than expected. * 7 Utilities Stocks to Buy With Reassuring Dividends But will vacationers adopt this philosophy? Of course, anything is possible. However, I personally remain skeptical for these three reasons: PR Nightmare May Not Be Over for CCL StockIf you ever wanted to kill someone, you should abandon whatever plan you have in your mind. Instead, invite your victim to an international cruise. After you've given the target a little bit too much to drink, simply toss (or accidentally bump) that person overboard.Perhaps in most cases, nobody would care.Now, just to be clear, I was being completely facetious about the above, except for one thing: you actually might get away with the heinous deed.Though cruise ship companies sell you fun and glamour on their brochures, they of course leave out the seedy stuff. Typically, unless you were actively looking for such scandalous stories, you probably wouldn't find them. Thanks to the coronavirus, though, everyone is putting this industry under the spotlight.And one of the most disturbing practices is what Captain Kelly Sweeney terms "flags of convenience;" that is, a cruise ship operator could be incorporated in one country and their ships registered in another. Again, when everything is going well, this isn't a big deal. But when something does happen, issues of jurisdiction can get confusing and ugly.I don't have the space to get into it in detail, but this discrepancy contributes to why you see cruise ship workers stranded at sea. With multiple international entities, it's not clear who has responsibility for what or whom.And now that more people know about this glaring controversy, they're less likely to climb aboard. Logically, this is bad news for CCL stock. Cruises Facilitate InfectionsStill, the biggest concern that vacationers have toward the cruise liner industry is unquestionably the health component. Even in the best of times, these big boats are floating Petri dishes. But with a pandemic raging everywhere, you're going to be a little on edge to say the least.Further, I'm not sure how cruise ships will be able to mitigate the spread of infectious diseases. Do a little digging about this industry before the pandemic and you'll come across several stories about disease-stricken ships. In many cases, the disease in question spread rapidly from one person to hundreds seemingly overnight.With close quarters and the presence of ample food and beverages, all it takes is one person to not wash their hands to create a nightmare. And if that nightmare happens to be the coronavirus, passengers can look forward to weeks of quarantine. That risk alone is enough to make you think twice about CCL stock.Also, as Health.com's Leah Growth explains, "Another big issue regarding illnesses on cruise ships is that, once a cruise is complete and one group of passengers exits the vessel, another one almost immediately sets sail." Thus, an outbreak could spread from one crew to multiple groups of passengers, very well causing an international cascade. Will You Pay for New Normal Cruising?In the turmoil surrounding CCL stock and the underlying sector, an unavoidable question exists: will people pay for the new normal of the cruise ship industry?I've only been on a cruise one time in my life. As part of a musical festival at sea, it was a mesmerizing experience, especially for a nerdy high school jazz trumpet player. If I could go back, I'd definitely do it again.Part of what made the voyage memorable was the people. We got to hang out with the other bands, and I socialized with my classmates in a non-academic setting. Not once did I consciously think about washing my hands.I did clean after myself, mind you. But my point is that I didn't consciously think about it. However, I imagine that cruising in the post-pandemic world would be an entirely different paradigm, one that I probably wouldn't enjoy and one that I certainly wouldn't pay for.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. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 3 Reasons to Avoid Climbing Aboard Carnival appeared first on InvestorPlace.
Molina Healthcare (MOH) buys certain assets of YourCare Health Plan to enrich its portfolio and perk up its Medicaid business.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Wall Street opened higher on Thursday, with the Nasdaq hitting an all-time high as data showed the U.S. economy added jobs at a record pace in June, the latest signal of a rebound in business activity following the easing of coronavirus-led lockdowns. Nonfarm payrolls rose by 4.8 million jobs in June, the Labor Department's closely watched monthly employment data showed, the most since the government began keeping records in 1939, although a recent surge in COVID-19 cases has threatened the fledgling recovery.