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Stock Market & Financial Investment News

News Breaks
January 9, 2013
07:42 EDTCCLCarnival volatility into Norwegian Cruise Line IPO
Carnival overall option implied volatility of 25 is near its 26-week average according to Track Data, suggesting non-directional price movement into Norwegian Cruise Line Holdings Ltd. common stock IPO.
News For CCL From The Last 14 Days
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May 22, 2013
10:00 EDTCCLOn The Fly: Analyst Downgrade Summary
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05:41 EDTCCLCarnival downgraded to Neutral from Overweight at HSBC
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May 21, 2013
17:43 EDTCCLMoody's places Carnival's A3 rating on review for possible downgrade
Moody's Investors Service placed Carnival Corporation's A3 senior unsecured rating under review for possible downgrade. This action reflects the company's announcement that net revenue yields are expected to decline between 2 -- 3% in 2013 resulting in profitability metrics and leverage that will be higher than previously anticipated. Carnival's short-term rating of Prime-2 is affirmed reflecting Moody's expectation that Carnival will generate slightly positive free cash flow after required debt amortization, capital spending ,net of ship commitments, and dividends over the next 12 -- 18 months.
16:26 EDTCCLOn The Fly: Closing Wrap
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12:36 EDTCCLOn The Fly: Midday Wrap
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10:00 EDTCCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna.
09:37 EDTCCLCruise operaters retreat after Carnival cuts earnings guidance
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09:25 EDTCCLOn The Fly: Pre-market Movers
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07:59 EDTCCLCarnival volatility low into cutting 2013 guidance on weak revenue
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07:28 EDTCCLCarnival downgraded to Market Perform from Outperform at Wells Fargo
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06:54 EDTCCLCarnival downgraded to Market Perform from Outperform at William Blair
William Blair downgraded Carnival after the company lowered its FY13 net yield and earnings expectations. Note shares were also downgraded this morning at UBS.
06:19 EDTCCLCarnival downgraded to Neutral from Buy at UBS
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May 20, 2013
19:01 EDTCCLOn The Fly: After Hours Movers
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17:29 EDTCCLCarnival backs Q2 EPS view of 4c-8c, consensus 7c
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17:27 EDTCCLCarnival lowers FY13 EPS to $1.45-$1.65 from $1.80-$2.10, consensus $1.97
Current cruise ticket pricing for the company has driven higher booking volumes however, at the same time, it has led to lower than anticipated net revenue yields which has resulted in reduced earnings guidance. The company now expects FY13 net revenue yields to be down 2%-3% compared to the previous flat yield guidance for the year. In addition, voyage cancellations beyond those incorporated in the company's previous earnings guidance, as well as increased selling and administrative costs, are expected to reduce earnings by approximately 10c per share.

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