Today is Tuesday, April 5, 2022.
New to this newsletter? Sign up here.
Carnival's Busiest Week Ever
Shares of Carnival (NYSE: CCL) jumped 2.48% in after-hours trading on Monday after the cruise tour company announced that it achieved its “highest booking week ever.”
Details: In a press release Monday afternoon, Carnival said that the one-week period of March 28 to April 3 was the busiest booking week in company history, including a double-digit increase from the previous record 7-day booking total.
Outlook: Adding to that record, Carnival noted that 22 of its 23 ships are back in guest operations in its U.S. homeports. The company expects to have more capacity sailing by the end of 2022 than in 2019.
Background: The pandemic decimated Carnival and the entire cruise industry. For the longest time, cruise lines could not fully operate in the United States. Last week, the U.S. Centers for Disease Control and Prevention (CDC) finally dropped its risk assessment for cruise travel.
Numbers: Shares of Carnival are down 29% in the last 12 months, but are up 27% in the past 30 days.
Final Thoughts: Carnival and other cruise operators are hoping for better days ahead - unless a new variant of Covid-19 emerges.
Notable Earnings Today: Acuity Brands (NYSE: AYI), SMART Global Holdings (Nasdaq: SGH), Lindsay (NYSE: LNN), Landec (Nasdaq: LNDC), Cognyte Software (Nasdaq: CGNT), NovaGold Resources (NYSEAMERICAN: NG), Array Technologies (Nasdaq: ARRY).
Notable IPOs Today: Lytus Technologies Holdings PTV. Ltd. (Nasdaq: LYT), Gogoro Inc. Ordinary Shares (Nasdaq: GGR).
Notable Equity Crowdfunding Campaigns Ending Today: GTFO It’s Vegan (StartEngine), Quit Tequilla (StartEngine), Island Savoy (Wefunder), Voatz (Wefunder), bluShift Aerospace (Wefunder).
Notable Economic Events Today: Imports/Exports/Trade Balance (8:30 a.m. ET), Markit Composite PMI (9:45 a.m. ET), Services PMI (9:45 a.m. ET), ISM Non-Manufacturing PMI (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m ET).
Crypto Celo Jumps 24%
The price of Celo soared 24% on Monday after the foundation behind the cryptocurrency announced a new initiative.
Details: At its conference in Spain on Monday, the Celo Foundation announced the launch of Connect the World, a $20 million campaign to encourage the development of high-quality Celo on- and off-ramps, according to a Medium post.
Background: Celo is a mobile-first financial platform and uses a proof-of-stake mechanism. This crypto launched in 2020.
Final Thoughts: Most other cryptos performed well on Monday too, but not as good as Celo. Can Celo keep it up?
A Look at Recent Stock Splits
Let’s take a look at some recent high-profile stock splits and the performances of those stocks.
Search Engine Truth: Shares of Google (Nasdaq: GOOG) are up about 3% since the company announced a stock split on February 1.
Smiley Face: Shares of Amazon (Nasdaq: AMZN) are up about 17% since the company announced a stock split on March 9.
Driving Fast: Shares of Tesla (Nasdaq: TSLA) are up about 159% since the company announced a stock split in August 2020.
Final Thoughts: While these three companies have done well after their stock splits, not every company gets the same bounce.
Trends to Watch
Extension: Amazon and Roku extend their streaming deal without any extra drama (The Verge)
Chip Chip Hooray: Intel Doubles Down on ESG With Launch of Second-Gen Bitcoin Mining Chips (CoinDesk)
It’s Happening: UK government moves forward with regulatory framework on stablecoins for payments (Cointelegraph)
More EVs: Hertz to buy up to 65,000 electric cars from Polestar (CNN)
Luring Investors: Qualcomm CEO says company is focusing on dividends to bring shareholders value (CNBC)
Thank you for reading!
Forward to a friend and tell them to sign up here.
Want more investing tips? Listen to the podcast.
Questions or comments? Hit reply to reach out.