Posted on 10/12/2022 4:09:53 PM PDT by entropy12
Wed, October 12, 2022 at 2:50 PM·1 min read
Cruise stocks soar to pace the S&P 500, as Norwegian is upgraded to buy In this article:
^GSPC -0.33%
CUK +10.05%
RCL +11.48%
NCLH +11.61%
Shares of cruise operators were the top-3 gainers in the S&P 500 (SPX) in afternoon trading Wednesday, with Norwegian Cruise Line Holdings Ltd. (NCLH) getting bullish backing from UBS on the back of upbeat bookings data. UBS analyst Robin Farley raised Norwegian’s rating to buy, after being at neutral since before the pandemic. Farley said the company’s “significant improvement” in bookings in the company’s third-quarter preview shows that Norwegian has caught up to the other cruise lines in occupancy, while still keeping prices above of 2019 levels.
(Excerpt) Read more at finance.yahoo.com ...
Dow will bottom between 25,000 and 24,000.
After that opportunity for a time.
I follow SPX more than DOW and my guess is similar to yours.
Bottom between 3000-3100 in 2023.
I think you are definitely in the range - likely -15% from here and maybe an oversell to -20 from here.
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