JPMorgan analyst Brandt Montour tells investors to stay long shares of Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) given the companies' "depressed" valuations. The analyst is positive on Cruise shares in 2019 as he sees "strong/stable" fundamentals. The stocks can outperform from here as operators continue to execute modest organic pricing/net yield growth and low-teens earnings growth, says the analyst. He keeps Overweight ratings on Royal and Norwegian and a Neutral rating on Carnival (CCL).

Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.