Royal Caribbean Group (RCL.N) said on Tuesday it was set for record bookings during the January-March period after the company posted a smaller-than-expected quarterly loss on pent-up travel demand. Shares of the company rose about 5% in early trade as investors were encouraged by the latest sign of the industry sailing out of the pandemic-induced…
Tesla (NASDAQ:TSLA) rose 11% after a similar gain on Thursday amid a research report about high demand for the EV maker’s Model Y in the U.S.Tesla total configurations (ex-Cybertruck) are on track to be up Y/Y and M/M based on data through Jan. 23, primarily driven primarily by high demand for the Model Y, according…
It’s the middle of the afternoon on a workday — not quite peak lunch hour, yet the new, massive Topgolf in Louisville, Ky., is packed. Nearly all of the hitting bays throughout the three-floor facility are filled with consumers across demographics who are either there to celebrate something, or just because. The building and driving…
Peloton is a company that has been criticized heavily for its solvency issues.With a debt/equity ratio of 9.3, those criticisms have certainly been merited.However, its real problem is that it launched a product that only made sense in the context of COVID-19 lockdowns.The pandemic resulted in gyms shutting down, leading many people to buy home…
It’s disrupting a huge industry, and it just hit a new all-time low.Picking market-beating stocks in a volatile economic environment is no easy feat, especially as some economists are calling for a deep recession next year. In an uncertain environment, though, it’s always smart to look for stocks with sustainable competitive advantages, attractive valuations, and…
Activision (NASDAQ:ATVI) ticked up almost 1% at least partly after a report that’s positive on the latest “Call of Duty” release. M Science sees “Call of Duty” capturing share and creating headwinds for Electronic Arts’ (EA) Apex Legends and others.
The home-sharing stock could soar next year.Airbnb (ABNB 3.30%) has transformed the travel industry. Just a decade ago, the home-sharing platform was a little-known fringe concept, but today the idea of renting a stranger’s home has gone mainstream. For many travelers, staying at an Airbnb has replaced hotels, and millions of people supplement their income…
Abercrombie & Fitch Co (ANF.N) said on Tuesday it was “cautiously optimistic” about the holiday season and forecast a smaller-than-expected drop in current-quarter sales after resilient demand led to a surprise quarterly profit. The Ohio-based apparel retailer’s shares that have lost nearly half of their value this year were up about 19% after the company…
Prices have been climbing on restaurant menu boards for much of the year to offset spikes in food and labor costs, but that doesn’t mean diners are used to the strain on their wallets. As a result, major restaurant chains are walking a tightrope — charge enough to protect the bottom line without alienating customers…
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