{
}
Two Sigma Investments LP has increased its stake in Viking Holdings Ltd, now owning 2,385,193 shares valued at $105 million, while institutional investors hold 98.84% of the stock. Viking operates a fleet of 92 ships and has received mixed ratings from analysts, with a current average rating of "Moderate Buy" and a target price of $46.33. The stock recently traded down to $38.94, despite a strong quarterly earnings report showing a revenue increase of 20.5% year-over-year.
Morgan Stanley upgraded Norwegian Cruise Line (NCLH) to Equal-Weight from Underweight, citing a more balanced risk-reward profile after the stock's recent underperformance. The firm raised its 12-month price target to $22, indicating a potential 10% upside, despite NCLH lagging behind peers with a 2% gain over the past year compared to 49% for Royal Caribbean and Carnival. While acknowledging the company's high leverage and challenges in narrowing net cruise costs, analysts believe the worst may be over for NCLH, though risks remain amid a potentially weaker macroeconomic environment.
U.S. stocks rebounded on Friday, with the S&P 500 and Dow Jones Industrial Average both rising 1.4%, as better-than-expected inflation data eased concerns over interest rate cuts. Despite this, the market remains cautious amid political uncertainty and potential global trade challenges. Notable declines included U.S. Steel, down 4.9%, and Novo Nordisk, which fell 17% after disappointing news on a weight-loss treatment.
The stock market faced significant losses as major indexes fell below key levels, influenced by a less-dovish Fed rate outlook and rising Treasury yields. FedEx surged on plans to spin off its Freight business, while Micron Technology and Vertex Pharmaceuticals plummeted due to disappointing guidance and drug study results, respectively. Despite a weak performance from Nike and other companies, a tame inflation report provided some relief on Friday.
The Dow Jones Industrial Average surged nearly 400 points, reversing a 10-day losing streak, as investors reacted positively to a lower-than-expected inflation report, despite looming government shutdown concerns. Nvidia's stock attempted a recovery, while shares of Trump Media and Technology fell sharply after the president-elect moved shares to a revocable trust. FedEx initially soared over 20% on earnings but later declined, while Carnival's stock rose 3% following better-than-expected quarterly results.
The stock market rally continues, with the Nasdaq reaching a record high and the S&P 500 close to its peak. IBD maintains an exposure level of 80%-100%, emphasizing risk management. Nvidia triggered a sell signal after a 1.7% drop, while other tech giants like Alphabet and Amazon hit new highs. Upcoming economic data and earnings reports from major companies are anticipated this week.
Cruise lines are thriving as a cost-effective alternative to hotels, with strong demand and pricing momentum post-Covid. Royal Caribbean's new ships and private islands enhance their appeal, while Carnival and Norwegian also report robust bookings and earnings growth. Analysts remain optimistic, noting that the cruise industry's pricing power and unique offerings position it well against traditional vacation options.
Shoe Carnival, Inc.
Companies
| Symbol | SCVL |
| Name | Shoe Carnival, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Consumer Durables & Apparel |
| Industry | Textiles, Apparel & Luxury Goods |
| Market | NASDAQ Global Select |
| Country | United States |
| State | IN |
| City | Evansville |
| Zipcode | 47715 |
| Website | http://www.shoecarnival.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
viking holdings reports strong earnings amid mixed analyst ratings and stock performance
Barclays PLC
Citigroup Inc.
Morgan Stanley
UBS Group AG
Truist Financial Corp
JPMorgan Chase & Co.
Shoe Carnival, Inc.
Viking Holdings Ltd
Royal Caribbean Group
USA
Show more
15:05 22.03.2025
Morgan Stanley upgrades Norwegian Cruise Line amid stock performance challenges
15:54 21.03.2025
us stocks rebound as inflation data eases market fears
United States Dollar
NVIDIA Corporation
Shoe Carnival, Inc.
Norwegian Cruise Line Holdings Ltd.
NIKE, Inc.
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Novo Nordisk A/S
Eli Lilly and Company
USA
Donald Trump
David Burritt
Carl B. Weinberg
Elliott Hill
Josh Weinstein
Jerome Powell
Show more
01:00 21.12.2024
stock market faces volatility as fed rate outlook shifts and earnings disappoint
United States Dollar
Euro
Boeing Co
Jabil Inc.
Shoe Carnival, Inc.
NIKE, Inc.
Honeywell International Inc.
Airbus SE
Accenture plc
Heico Corp
NVIDIA Corporation
Cintas Corp
FedEx Corp
Lennar Corp
Darden Restaurants, Inc.
CarMax, Inc.
USA
Matthew Friend
Elliott Hill
Elon Musk
Jerome Powell
Show more
18:20 20.12.2024
dow jones surges as inflation eases amid looming government shutdown
United States Dollar
Microsoft Corporation
Apple Inc.
Shoe Carnival, Inc.
NIKE, Inc.
Novo Nordisk A/S
Metagenomi, Inc.
Amazon.com, Inc.
Eli Lilly and Company
Tesla, Inc.
NVIDIA Corporation
FedEx Corp
Berkshire Hathaway Inc.
Alphabet Inc.
OCCIDENTAL PETROLEUM
USA
Donald Trump
Warren Buffett
Show more
16:58 20.12.2024
stock market rally continues as major indices reach new highs
FedEx Corp
Darden Restaurants, Inc.
Amazon.com, Inc.
Shoe Carnival, Inc.
Taiwan Semiconductor Manufacturing Co Ltd
NVIDIA Corporation
Tesla, Inc.
NIKE, Inc.
Micron Technology, Inc.
Alphabet Inc.
USA
Scott Lehtonen
Elon Musk
Show more
05:29 17.12.2024
cruise industry thrives as demand rises and pricing remains competitive
United States Dollar
Royal Caribbean Cruises Ltd.
Norwegian Cruise Line Holdings Ltd.
Shoe Carnival, Inc.
USA
Patrick Scholes
Josh Weinstein
Robin Farley
Brandt Montour
Christopher Nassetta
Show more
14:34 26.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Government Economic Policies
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Financial Scams and Security
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
Credit Suisse Strategic Income I
Banco Santander, S.A.
Berkshire Hathaway Inc.
SpaceXCoin USD
Bank of America Corporation
Morgan Stanley
BNP Paribas SA
Amazon.com, Inc.
Wells Fargo & Company
UBS Group AG
Lloyds Banking Group plc
NVIDIA Corporation
Bank Frick AG
Citigroup Inc.
Currencies:
United States Dollar
Euro
Japanese Yen
British Pound Sterling
Swiss Franc
Indian Rupee
Chinese Yuan
South Korean Won
Vietnamese Đồng
Canadian Dollar
Australian Dollar
Thai Baht
Singapore Dollar
Indonesian Rupiah
New Taiwan Dollar
Mexican Peso
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
People:
Donald Trump
Elon Musk
JD Vance
Warren Buffett
Sergio Ermotti
Mark Haefele
Robin Leopold
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Olivier Calvet
Scott Bessent
Stacey Friedman
George Saravelos
Francois Xavier Bouvignies
Joseph Spak
Stefan Rauti
Susan P. Crawford
Greg Rubini