Carnival Q3 earnings, market trends: Asking for a Trend

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Carnival Corporation & PLC,Josh Lipton,Market Trends

Today on Asking for a Trend, host Josh Lipton explores Carnival's (CCL) earnings and significant market trends. First, Carnival Corporation & PLC's CEO...

I'm Josh Lipton for the next half hour.There is a lot to keep track of.Some of the trends, we're going to be diving into stocks climbing with the Dow and S and P 500 closing at new highs.

So now we've got the yields up uh almost 10.5% and if you recall, well, you probably don't, but I do at the beginning of the year, we had set our initial guidance at 8.5%. Um What I was trying to get across earlier on the call is, you know, the goal is not simply to increase that curve for the sake of increasing it.

So this is, this is organic and it's changing all the time and it is voyage by voyage, you know, ship by ship brand by brand that we build this up and our teams are trying to optimize and, and really the end goal is by the time that ship leaves and then comes back, how are we generating the maximum amount of revenue for that cruise?

I mean, all these things that really people are looking for, not the material things but the memories and that's what we deliver.What can investors expect over the next couple of years? And then in the second half of 2026 we're going to be able to do some upgrades that we'll be talking about shortly on Half Moon Key, which is a private destination that we currently own and operate and it is beautiful.

How many strategists have we talked to over the last six months that have said if we get West fed rate cuts because the economy is good.A good economy is good for stocks and maybe the market sort of reasoning with that and sort of bantering back and forth with itself as we can carry through the day with it.And if you look at, I mean, you can understand why he's looking jobless claims retail sales would seem to support that.

And I think we're now at a point entering earning season where the question is, did these guys lag enough for people to come back in and buy tech?And he said he thinks tech might have lagged enough at this point that that might be where people rotate to next.People love to go back into those big tech names maybe around earnings if they report, well, you'll see rotation back into those large caps and rights.

And that is obviously having volume implications for your, you know, traditional domestic, global automakers or traditional global automaker. So initial impact I don't think would be large for most consumers, but the automotive industry is a a largely global industry.And Kevin, another, um, another trend I want to get your take on the FED.

And additionally, uh a lot of the demand that we had initially thought might happen for electric vehicles this year is transition to hybrids instead.And so a lot of that growth we've been seeing for, you know, kind of alternative power train vehicles out there is happening with hybrids and that's just something Tesla can't take advantage of in the market right now.Uh So it's a really interesting market right now.

Uh, and you've seen a decoupling of the two lines that it's, and she says it's sort of come as a result of more of a debate over the two potential presidencies and what they could potentially mean for the markets and that it's not a clear cut answer which would be better.

 

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