In separate notes to investors on Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH), Stifel analyst Steven Wieczynski said he remains constructive on the stocks ahead of the companies' earnings reports. Wieczynski, who calls himself an "absolute buyer" of Royal Caribbean shares, sees the cruiseline operator reporting a yield-driven EPS beat in Q1, along with better than expected guidance and commentary on the Caribbean. He also expects Norwegian to deliver a yield-driven EPS beat, but does not expect management to raise its full-year guidance. The analyst keeps a Buy ratings on both, with a $70 price target on Norwegian shares and a $152 target on Royal Caribbean.

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.