Some of the best opportunities can be found in cruise stocks.
In fact, as we said at the end of October, there’s big opportunity in them all thanks to substantial, growing interest in what many say is the ultimate vacation.
As noted by CNBC, “The demand for cruises is still going strong — and it doesn’t appear to be letting up anytime soon. The industry was the last to recover from the pandemic, but once it did, it has been enjoying strong pricing and booking momentum.”
Look at Royal Caribbean (RCL), for example.
When we mentioned RCL in late October, it traded at $208. It’s now up to $255.54.
The company just raised its annual profit forecast thanks to stronger demand for cruises.
Royal Caribbean now expects 2024 adjusted earnings per share of $11.57 to $11.62, compared with its earlier expectation of between $11.35 and $11.45.
Even better, analysts at William Blair expect the company to see a healthy 20% profit growth in 2025. "Investors recognize that Royal Caribbean has evolved into a more consistent, higher-return business," they added, as also quoted by Reuters.
If a picture (chart) is worth a thousand words, then what is the picture (chart) telling us? Are the prospects bullish, bearish or uncertain? Charts can help us determine direction and a potential price target. Knowing when to buy and sell can lead to potential profits.
ULTIMATELY IT BOILS DOWN TO SIGNALING WHEN TO BUY AND WHEN TO SELL. There are a plenitude of ways to measure when it's time to buy and when it's time to sell. There are breakouts, breakdowns, measured moves, bounces and failures (of trendlines, moving averages, support, resistance, and so on.), one day candlestick patterns, three day candlestick patterns, Fibonacci retracements, Fibonacci price targets, Parabolic Stop and Reverse signals, sentiment measurements, oscillator signals, and a further infinitude bounded only by the limits of human imagination.
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