Fear eventually leads to opportunity.
Look at cruise stocks, for example.
Over the last few weeks, most of the top cruise stocks were crushed by consumer spending, and potential tax crackdown fears.
However, according to analysts at Stifel, the tax fear was a massive overreaction.
“Analysts argue that over the past 15 years, similar political threats have failed to materialize into policy changes. With the cruise industry’s tax structure deeply intertwined with the much larger cargo sector, Stifel sees a long-shot scenario for meaningful reform. Instead, the investment firm is calling the dip a golden opportunity to snap up shares of these three cruise stocks,” according to BarChart.com.
That being said, keep an eye on these cruise stocks.
Norwegian Cruise Lines (SYM: NCLH)
Norwegian Cruise Lines (NCLH) just said it’s not seeing any changes in booking curves, onboard spending, or with cancellations.
It’s also part of the reason JPMorgan just upgraded NCLH to an overweight rating with a price target of $30. Plus, if you pull up a chart of NCLH, you can see just how oversold the stock has become. After catching support at around $18, it’s just starting to pivot higher again. It’s also pivoting from over-extensions on RSI, MACD and Williams’ %R.
Royal Caribbean (SYM: RCL)
JP Morgan reiterated its buy rating on beaten-down shares of Royal Caribbean (RCL), noting that RCL management still sees positive, strong demand.
Oversold at its 200-day moving average, RCL is also starting to pivot higher. It’s also bouncing from over-extensions on RSI, MACD and Williams’ %R. And from its last traded price of $206, we’d like to see RCL initially retest $250. RCL also raised its dividend to 75 cents per share, which is payable on April 4 to shareholders of record as of March 7.
Carnival (SYM: CCL)
Just as oversold, Carnival found strong support at $18.16. It’s also pivoting from over-extensions on RSI, MACD and Williams’ %R. From its current price of $20.85, we’d like to see it initially retest $23 a share. Plus, after strong earnings, Carnival should see even more smooth sailing ahead with higher ticket prices, demand, and growing interest in cruising.
Today’s Market News: Alex Green Reveals The Top Trump Trades for 2025
Wharton’s Jeremy Siegel says Trump is “the most pro-stock market president we’ve had in our history.”
And the numbers back it up.
During Trump’s first term, innovative companies soared:
· TradeDesk jumped 2,500%
· Digital Turbine soared 8,000%
· Enphase Energy returned 9,700%
Now, with Trump’s new economic blueprint in place, Alex Green has identified a handful companies set to lead the next wave of wealth creation…
And he’s revealing the names and ticker symbols, free of charge.
