|Bid||9.80 x 0|
|Ask||0.00 x 0|
|Day's range||9.48 - 9.97|
|52-week range||9.48 - 9.97|
|Beta (5Y monthly)||2.06|
|PE ratio (TTM)||N/A|
|Earnings date||19 Dec 2022 - 23 Dec 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
After three straight days of steadily rising stock prices, shares of cruise stock leader Carnival (NYSE: CCL) headed lower again on Friday, losing 3.6% through 10:50 a.m. EST. This week actually started out on a positive note for Carnival, which on Tuesday reported that its Cyber Monday sales set a new record: 50% higher volume than in the last Cyber Monday preceding the pandemic, in 2019. Monday's good news echoed Carnival's declaration earlier this year that the March 28 to April 3 period was the busiest booking week in the company's history.
A rising tide may lift all ships, but famous investor Warren Buffett once said, "Only when the tide goes out do you discover who's been swimming naked." The global pandemic event definitely saw the tide go out, and fortunes for both the world's largest cruise company, Carnival Corporation (NYSE: CCL), and fast-growing pet-supply company Chewy, Inc. (NYSE: CHWY) changed dramatically. Now, with a global return to normalcy underway, these two seem ready to tackle the challenges ahead and come out as winners in the consumer spending space.
The dark cloud of a bear market has a silver lining: It offers investors opportunities to get in on great stocks for a bargain price. Today's bear market is handing us a few once-in-a-decade buying opportunities on a silver platter. Vertex shares are heading for a 44% gain so far this year.