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On The Fly
Fly Intel: Wall Street's top stories for Friday » 16:25
03/27/20
03/27
16:25
03/27/20
16:25
GM

General Motors

$21.37 /

-1.17 (-5.19%)

, F

Ford

$5.19 /

-0.07 (-1.33%)

, AAPL

Apple

$247.74 /

-10.74 (-4.16%)

, CCL

Carnival

$14.41 /

-3.38 (-19.00%)

, RCL

Royal Caribbean

$34.49 /

-6.14 (-15.11%)

, NCLH

Norwegian Cruise Line

$12.02 /

-3.68 (-23.44%)

, CL

Colgate-Palmolive

$65.21 /

+1.45 (+2.27%)

, GME

GameStop

$4.21 /

-0.19 (-4.32%)

, AAL

American Airlines

$14.04 /

-1.63 (-10.40%)

, UAL

United Airlines

$32.80 /

-2.75 (-7.74%)

, BGCP

BGC Partners

$2.42 /

-0.835 (-25.65%)

From a peak of 3,393 in…

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On The Fly
Fly Intel: Wall Street's top stories at midday » 12:28
03/27/20
03/27
12:28
03/27/20
12:28
GM

General Motors

$21.28 /

-1.26 (-5.59%)

, F

Ford

$5.10 /

-0.165 (-3.14%)

, CCL

Carnival

$14.72 /

-3.075 (-17.28%)

, RCL

Royal Caribbean

$33.86 /

-6.77 (-16.66%)

, NCLH

Norwegian Cruise Line

$12.22 /

-3.48 (-22.17%)

, CL

Colgate-Palmolive

$65.32 /

+1.56 (+2.45%)

, GME

GameStop

$4.42 /

+0.02 (+0.45%)

, HBI

Hanesbrands

$7.82 /

-1.12 (-12.53%)

, BGCP

BGC Partners

$2.35 /

-0.91 (-27.96%)

Stocks are pulling back…

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Recommendations
William Blair lowering estimates to Royal Caribbean on continued suspension » 12:13
03/27/20
03/27
12:13
03/27/20
12:13
RCL

Royal Caribbean

$34.40 /

-6.23 (-15.33%)

William Blair analyst…

William Blair analyst Sharon Zackfia maintained a Market Perform rating on Royal Caribbean, but lowered FY20 estimates to 60c following the company's announcement it will "continue its suspension of voyages through mid-May, with the exception of Alaskan and New England cruises, which will resume in July." The analyst added that, based on the firm's new estimates, the company has "adequate liquidity at this point."

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Periodicals
Cruise-ship lines won't qualify for aid under $2T stimulus package, WSJ reports » 06:10
03/27/20
03/27
06:10
03/27/20
06:10
CCL

Carnival

$17.75 /

+2.2 (+14.15%)

, NCLH

Norwegian Cruise Line

$15.70 /

-1.26 (-7.43%)

, RCL

Royal Caribbean

$40.63 /

-1.6 (-3.79%)

Major cruise-ship…

Major cruise-ship operators will not qualify for aid under the roughly $2T coronavirus stimulus package headed for a House vote Friday, The Wall Street Journal's Ted Mann, Brody Mullins and Dave Sebastian report. The cruise industry was among the first to take a public hit from the virus, along with airlines and hotels, as vacationers canceled plans, local governments halted tourism and passengers on board fell ill, leading to entire vessels full of passengers being quarantined. The aid package approved by the Senate and now headed for the House limits aid to U.S.-incorporated companies with a majority of workers based in the U.S.. two criteria that effectively exclude major cruise-ship operators like Carnival (CCL), Norwegian Cruise Line Holdings (NCLH) and Royal Caribbean (RCL), according to the report. Reference Link

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Thursday
Periodicals
Cruise lines not confident they could borrow from new programs, CNBC says » 14:39
03/26/20
03/26
14:39
03/26/20
14:39
CCL

Carnival

$17.75 /

+2.2 (+14.15%)

, CUK

Carnival plc

$14.82 /

+1.23 (+9.05%)

, RCL

Royal Caribbean

$43.13 /

+0.9 (+2.13%)

, NCLH

Norwegian Cruise Line

$17.14 /

+0.18 (+1.06%)

Kayla Tausche of CNBC…

Kayla Tausche of CNBC tweeted: "NEW: Cruise industry not confident it could borrow from any of the existing loan programs bc of offshore registration. Sr. admin official says bipartisan Senate grp working to ensure they can access one of the facilities--or else will seek a legislative fix in the next package." Reference Link

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Recommendations
Cruise lines not mentioned in 'CARES' Act, says Morgan Stanley » 07:55
03/26/20
03/26
07:55
03/26/20
07:55
CCL

Carnival

$15.55 /

+1.93 (+14.17%)

, CUK

Carnival plc

$13.59 /

+1.58 (+13.16%)

, RCL

Royal Caribbean

$42.23 /

+7.82 (+22.73%)

, NCLH

Norwegian Cruise Line

$16.96 /

+3.18 (+23.08%)

Morgan Stanley analyst…

Morgan Stanley analyst Jamie Rollo said he found "air carriers" mentioned 50 times in the text of the "Coronavirus Aid, Relief,and Economic Security Act" or "CARES" Act that was just passed by the Senate, but he does not see a specific mention for the cruise industry, though there are provisions for other "distressed sectors" of the economy which may apply to cruise lines. However, Rollo also notes that the Act specifically defines aid as being for U.S. businesses and the cruise lines are incorporated abroad, with Carnival (CCL) incorporated in Panama, Royal Caribbean (RCL) in Liberia, Norwegian (NCLH) in Bermuda.

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Wednesday
Options
Unusually active option classes on open March 25th » 09:40
03/25/20
03/25
09:40
03/25/20
09:40
GRPN

Groupon

$0.79 /

+ (+0.00%)

, F

Ford

$4.94 /

+ (+0.00%)

, BA

Boeing

$127.50 /

-0.06 (-0.05%)

, GME

GameStop

$4.20 /

+ (+0.00%)

, JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$5.60 /

+ (+0.00%)

, AAL

American Airlines

$13.93 /

+ (+0.00%)

, VIAC

ViacomCBS

$14.76 /

+ (+0.00%)

, RCL

Royal Caribbean

$34.41 /

+ (+0.00%)

, BAC

Bank of America

$21.02 /

+ (+0.00%)

Unusual total active…

Unusual total active option classes on open include: Groupon (GRPN), Ford (F), Boeing (BA), GameStop (GME), Direxion Junior Gold (JNUG), American Airlines (AAL), ViacomCBS Class B (VIAC), Royal Caribbean (RCL), and Bank of America (BAC).

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Over a week ago
Hot Stocks
Royal Caribbean trading resumes  12:10
03/23/20
03/23
12:10
03/23/20
12:10
RCL

Royal Caribbean

$22.85 /

-1.04 (-4.35%)

 
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Hot Stocks
Royal Caribbean enters $2.2B loan facility to bolster liquidity » 11:52
03/23/20
03/23
11:52
03/23/20
11:52
RCL

Royal Caribbean

$23.15 /

-0.74 (-3.10%)

Royal Caribbean Cruises…

Royal Caribbean Cruises announced that it has entered into a $2.2B 364-day secured term loan facility. The facility can be extended at the company's option for an additional 364 days. The company has borrowed the full amount available under the term loan "to further bolster its liquidity." Including this new financing, Royal has over $3.6B of liquidity comprised of cash deposits and its existing undrawn revolving credit facilities. In addition, the company has committed financing for all of its new ships on order. "This is a period of unprecedented disruption for the cruise industry," said Jason Liberty, executive vice president and CFO. "We continue to take decisive actions to protect the company's financial and liquidity positions as they enable us to keep focused on our guests, our crew and our long-term plans." Morgan Stanley, J.P. Morgan, Bank of America, BNP Paribas and Goldman Sachs acted as joint lead arrangers and bookrunners on the secured term loan facility.

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Hot Stocks
Royal Caribbean trading halted, news pending  11:46
03/23/20
03/23
11:46
03/23/20
11:46
RCL

Royal Caribbean

$22.98 /

-0.91 (-3.81%)

 
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