Fly News Breaks for March 6, 2019
CUK, NCLH, RCL, CCL
Mar 6, 2019 | 08:32 EDT
Morgan Stanley analyst Jamie Rollo said the firm's qualitative survey of U.S. travel agents was somewhat more downbeat than last month while quantitative web research was mixed for Carnival (CCL) and positive for Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH). Rollo, who noted he has had a cautious view of the cruise industry for some time due to the significant amount of new capacity coming on-line, added that he is cautious on Carnival ahead of its quarterly report due in late March, stating that he sees limited room for an upgrade to its FY19 yield guidance given weakness at its European brands. He maintains Equal Weight ratings on Carnival and Royal Caribbean and an Overweight rating on Norwegian shares.
News For CCL;RCL;NCLH;CUK From the Last 2 Days
CCL
Apr 15, 2024 | 14:36 EDT
Bearish flow noted in Carnival with 49,711 puts trading, or 1.5x expected. Most active are Apr-24 14 puts and Apr-24 13.5 puts, with total volume in those strikes near 17,400 contracts. The Put/Call Ratio is 1.75, while ATM IV is up over 1 point on the day. Earnings are expected on June 26th.