Carnival Option Alert: Oct 17 $16 Puts at the Bid: 5000 vs 71 OI

Carnival Option Alert: Oct 17 $16 Puts at the Bid: 5000 @ $1.16 vs 71 OI; Ref=$19.3775

Carnival Option Alert: Jan, 2027 $20 Calls at the Bid: 1000 vs 2212 OI

Carnival Option Alert: Jan, 2027 $20 Calls at the Bid: 1000 @ $5.55 vs 2212 OI; Ref=$20.26

Carnival Option Alert: Jan 16 $25 Calls at the Bid: 5000 vs 5734 OI

Carnival Option Alert: Jan 16 $25 Calls at the Bid: 5000 @ $2.17 vs 5734 OI; Ref=$21.055

Carnival (NYSE:CCL) Bolsa

Carnival

Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.

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Shares of travel and tourism-related companies are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

Shares of Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) have tumbled 14.5% to $16.33 since Monday&#8217;s open as President Donald Trump&#8217;s new reciprocal tariffs sent shockwaves through global markets, <a href="https://www.benzinga.com/government/regulations/25/04/44647678/nasdaq-100-enters-bear-market-dow-in-correction-territory-traders-await-fed-chair-powells-remarks">stoking concerns</a> of an economic slowdown that could hit the travel industry hard.
Why It Matters: As the world's largest cruise operator, Carnival is particularly vulnerable to economic downturns and rising operational costs—both of which are being amplified by the escalating trade war.
Operating renowned brands like Princess Cruises, Holland America Line and Seabourn, Carnival depends heavily on discretionary consumer spending and international travel.
However, with tariffs <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">expected to drive up</a> prices on goods and services, vacation budgets may tighten, leading to weaker cruise bookings. At the same time, higher import costs for fuel, food and ship maintenance could further squeeze profit margins.
Bigger Risks Ahead?: Beyond cost concerns, retaliatory measures from key markets—notably the European Union—pose another significant risk. 
If trade tensions slow global economic growth, consumer confidence could erode, further pressuring demand for leisure travel.
Read Also: <a href="https://www.benzinga.com/government/regulations/25/04/44647678/nasdaq-100-enters-bear-market-dow-in-correction-territory-traders-await-fed-chair-powells-remarks">Nasdaq 100 Enters Bear Market, Dow In Correction Territory, Traders Await Fed Chair Powell&#8217;s Remarks</a>

Carnival Stock Is Down 14% This Week: What's Going On?

President Donald Trump's sweeping new trade tariffs sent shockwaves through global markets on Thursday, triggering a massive sell-off that echoed the COVID-19 pandemic-era routs, as investor risk <a href="https://www.benzinga.com/markets">appetite vanished in a flash.</a>
Wall Street saw a staggering $2 trillion in market cap erased, with the U.S.&#8217;s biggest 10 companies shedding $1 trillion alone.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) plunged 8.7%, staring down its worst day since March 2020 and wiping out nearly $300 billion in value. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tumbled 6.4%, losing $171.9 billion, while Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) dropped 8%, on pace for a $166 billion hit.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>% Daily Change</th>
<th>Market Cap Loss ($B)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Apple</td>
<td>-8.74%</td>
<td>-293.95</td>
</tr>
<tr>
<td>NVIDIA</td>
<td>-6.38%</td>
<td>-171.89</td>
</tr>
<tr>
<td>Amazon</td>
<td>-8.03%</td>
<td>-166.80</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>-6.64%</td>
<td>-98.24</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>-3.26%</td>
<td>-62.74</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>-7.63%</td>
<td>-61.74</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>-2.04%</td>
<td>-57.96</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-5.80%</td>
<td>-52.76</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>-6.69%</td>
<td>-45.99</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>-9.93%</td>
<td>-31.60</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Total</td>
<td></td>
<td>-1043.67</td>
</tr>
</tfoot>
</table>
</figure>
The S&amp;P 500 fell nearly 4%, poised for its worst session since September 2022, and sank to a seven-month low. Small caps took the brunt of the sell-off, with the Russell 2000 plunging over 5% and officially entering a bear market, now down more than 20% from its 2024 peak.
Fears of retaliatory action from key U.S. trading partners dragged every major sector into the red, except for defensive plays like consumer staples and utilities.
Consumer discretionary stocks were slammed. Apparel names posted double-digit losses: Ralph Lauren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>), Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) and Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) each dropped between 10% and 16%.
Cruise lines were also hit hard: Norwegian Cruise Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) sank 13%, Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) fell 10%, and Royal Caribbean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) slid 9%.
Bond markets saw a mild flight to safety. Treasury yields edged lower, yet the U.S. dollar weakened 1.6%, with the DXY index heading for its worst day since November 2022.
Commodities weren't spared. Oil prices nosedived on fears of a global slowdown, worsened by OPEC+'s surprise move to raise output. West Texas Intermediate crude plunged 7.5%, slipping below $70 per barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) showed relative resilience in the carnage, dipping just 1% and holding above $81,600.
<h1 class="wp-block-heading">Thursday&#8217;s Performance in Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,908.76</td>
<td>-3.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,449.64</td>
<td>-3.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,751.99</td>
<td>-4.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,929.91</td>
<td>-5.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 3.6% to $544.20.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) tumbled 3% to $409.26.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;plummeted 4.2% to $456.21.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) nosedived 5.4% to 191.63.</li>
<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 1.2%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) tanked, down 5.6%.</li>
</ul>
<h1 class="wp-block-heading">Other Major Stock, ETFs Moves To Know</h1>
<ul>
<li>Lamb Weston Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) up 7.8%</li>
<li>Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) down 26%,</li>
<li>Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>), up 7.8%</li>
<li>Kohls Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) down 25%</li>
<li>VanEck Vietnam ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNM#NYSE">VNM</a>) down 10.2%</li>
<li>iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) up 4.7%, </li>
<li>iShares MSCI Taiwan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWT#NYSE">EWT</a>) down 4%. </li>
</ul>
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Wall Street Wipes Out $2 Trillion, Apple Eyes Worst Day Since COVID-19 Pandemic, Oil Plummets: What's Driving Markets Thursday?

AAL, ALGT, ALK, BA, BKNG, CCL, CUK, DAL, EXPE, H, HGV, HLT, JBLU, JTAI, LUV, MESA, NCLH, RCL, RYAAY, SKYW, TH, UAL, VLRS, WH
AAL, ALGT, ALK, BA, BKNG, CCL, CUK, DAL, EXPE, H, HGV, HLT, JBLU, JTAI, LUV, MESA, NCLH, RCL, RYAAY, SKYW, TH, UAL, VLRS, WH

JTAI

Shares of travel and tourism-related companies are trading lower amid heavy selling pressure as markets react to President Trump's announcement of sweeping reciprocal tariffs.

Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) plunged 12.5% to $17.52 Thursday morning as President Donald Trump's newly imposed reciprocal tariffs rattled global markets and <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">raised fears</a> of an economic slowdown that could hurt the travel industry.
What To Know: As the world's largest cruise operator, Carnival is particularly exposed to economic downturns and rising costs, both of which could be exacerbated by the <a href="https://www.benzinga.com/25/04/44624245/tariffs-to-plug-the-hole-for-income-tax-cuts-to-come-economists-predict-what-more-could-be-expected">escalating</a> trade war.
Carnival, which operates brands such as Princess Cruises, Holland America Line and Seabourn, relies heavily on discretionary consumer spending and international travel. 
With tariffs <a href="https://www.benzinga.com/markets/25/04/44623179/larry-summers-warns-trumps-tariffs-will-deliver-oil-crisis-like-shock-slash-30-trillion-from-economy-as-markets-plunge">expected</a> to drive up prices on goods and services, vacation budgets may shrink, leading to softer cruise bookings. Additionally, higher import costs for fuel, food and ship maintenance could weigh on Carnival's profit margins.
Another major concern is the potential for retaliatory measures from key markets such as China and the European Union, both of which are important sources of cruise passengers. If trade tensions dampen global economic growth, consumer confidence could take a hit, further pressuring demand for leisure travel.
Read Also: <a href="https://www.benzinga.com/news/25/04/44627173/whats-going-on-with-bank-of-america-bac-shares-15">What&#8217;s Going On With Bank Of America Shares</a>
<h2 class="wp-block-heading">How To Buy CCL Stock</h2>
By now you're likely curious about how to participate in the market for Carnival &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Carnival, which is trading at $20.02 as of publishing time, $100 would buy you 5.0 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, CCL has a 52-week high of $28.72 and a 52-week low of $13.78.

What's Going On With Carnival Stock?

A 10% decline in Canadian travel may result in 2 million fewer visits and $2.1 billion in <a href="https://www.benzinga.com/general/travel">lost spending to the U.S.</a> 
That&#8217;s according to Goldman Sachs analyst Lizzie Dove, citing <a href="https://www.ustravel.org/press/potential-results-decline-canadian-travel-united-states">data</a> from the U.S. Travel Association. Dove recently conducted a deep dive into Canadian tourist exposure for airlines, cruises, lodging, and theme parks.
Canada, she notes, accounts for 26% of U.S. international tourism. In March — three months after President Donald Trump dissed then-Canadian Prime Minister Justin Trudeau by calling him "governor" and Canada as "the 51st state" — there was an 11% year-over-year decline in tourism. 
A &#8220;pullback in Canadian tourism is the most likely channel to create a modest drag on US GDP,&#8221; Dove wrote. 
In 2024, approximately 20.24 million Canadian tourists visited the U.S., making up over a quarter of international air travel. Mexico followed with around 17 million visitors. 
U.S. airlines have limited exposure to Canadian transborder markets, with United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) having the highest at 1.4% of total flights. 
Carriers like Allegiant Travel Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>), Frontier, Southwest, and Spirit do not operate direct routes to Canada but may still feel demand softness in border cities, said the analyst. 
Also Read: <a href="https://www.benzinga.com/25/04/44589543/ford-trucks-hit-20-year-sales-high-as-ev-demand-climbs">Ford Q1 US Auto Sales Dip 1.3%: Details</a>
Allegiant, for instance, serves U.S. border cities that rely on Canadian travelers, with these routes comprising 1.6% of its 2024 flights.
Florida, California, Nevada, New York, and Texas are top destinations for Canadian tourists, meaning airlines operating heavily in these states could see an impact. 
JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) has 58% of its capacity in key Canadian tourist cities, though a large portion of this is tied to New York, which only accounts for 13% of Canadian visits.
United and Allegiant have recently reported weaker demand from Canadian travelers. In response, United accelerated the retirement of 21 aircraft. 
The overall U.S.-Canada air travel market has seen route cuts at twice the rate of non-Canada flights, with 210 basis points of Canadian growth being slashed since January. 
Allegiant, despite not flying to Canada, reduced flights from Plattsburgh by 20 percentage points due to weaker demand from Canadian travelers, significantly more than the 4.4-point cut to its broader network. However, reductions were smaller in Bellingham and Niagara Falls, at 1.7 and 2.0 points, respectively.
U.S. hotel corporations have minimal exposure to Canadian tourism, despite the high volume of Canadian visitors. Hyatt Hotels Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) has the highest exposure among major hotel chains, while Wyndham Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WH#NYSE">WH</a>) and Choice Hotels International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) are the least affected due to their reliance on drive-to bookings.
Wyndham sees only 1% of its U.S. room bookings from Canadian travelers. Over 90% of guests drive to its hotels. Similarly, Marriott International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) estimates just 1% of U.S. room nights come from Canada. Some 96% of its bookings originate from domestic travelers.
Hyatt, with a stronger focus on luxury and resort properties, derives approximately 2% of its U.S. bookings from Canadian visitors. Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) also sees 1-1.5% of its U.S. room nights booked by Canadians, with 2% of its total rooms located in Canada.
Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) has the highest exposure to Canadian tourism among cruise operators, though overall reliance remains low. 
An estimated 5% of NCLH's revenue comes from Canadian travelers, followed by Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) at 4% and Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) at 3.5%.
Hotel companies rely more heavily on domestic and business travelers, while cruise lines see slightly higher engagement from Canadian tourists.
Florida saw approximately 6 million international visitors in 2023, with around 1.3 million coming from Canada. Theme parks with high international attendance could feel the impact of a decline in Canadian visitors.
Comcast Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Universal theme parks are the most exposed, with around 30% of attendance coming from international tourists. 
Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) typically sees international visitors comprise between the high teens to low 20% of total guests, while United Parks &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRKS#NYSE">PRKS</a>) has lower exposure at around 7%, down from pre-pandemic double-digit levels.
The financial impact extends beyond ticket sales. International visitors tend to spend more on park-related purchases, including hotel stays and in-park amenities, Dove said.
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Image: Shutterstock

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PRKS

Tariff Tensions Could Hurt US GDP As Canadian Tourism Cools: Goldman Sachs

Investors with a lot of money to spend have taken a bullish stance on Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CCL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Carnival.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 20%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $938,816, and there was 1 call, for a total amount of $33,432.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $22.0 for Carnival, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Carnival options trades today is 4053.5 with a total volume of 5,491.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Carnival's big money trades within a strike price range of $20.0 to $22.0 over the last 30 days.
<h3>Carnival Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743517889_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$4.75</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$20.00</td>
<td>$323.9K</td>
<td>4.1K</td>
<td>995</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$4.75</td>
<td>$4.55</td>
<td>$4.6</td>
<td>$20.00</td>
<td>$130.6K</td>
<td>4.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$3.7</td>
<td>$3.65</td>
<td>$3.65</td>
<td>$20.00</td>
<td>$98.5K</td>
<td>409</td>
<td>595</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$3.7</td>
<td>$3.65</td>
<td>$3.65</td>
<td>$20.00</td>
<td>$88.3K</td>
<td>409</td>
<td>235</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$4.7</td>
<td>$4.55</td>
<td>$4.55</td>
<td>$20.00</td>
<td>$80.9K</td>
<td>4.1K</td>
<td>291</td>
</tr>
</tbody>
</table>

<h3>About Carnival</h3>
Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.
Having examined the options trading patterns of Carnival, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Carnival's Current Market Status</h3>
<ul>
<li>Trading volume stands at 3,644,781, with CCL's price down by -3.02%, positioned at $18.94.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 84 days.</li>
</ul>
<h3>What The Experts Say On Carnival</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $29.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on Carnival with a target price of $33. 
&#x2A; Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Carnival, targeting a price of $31. 
&#x2A; Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Carnival, targeting a price of $30. 
&#x2A; Consistent in their evaluation, an analyst from Loop Capital keeps a Hold rating on Carnival with a target price of $21. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Carnival with a target price of $30. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Carnival, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

What the Options Market Tells Us About Carnival

Shares of travel and leisure companies are trading lower amid consumer concerns following Feb. PCE price index data, softer-than-expected personal spending and ongoing tariff concerns. A worsening consumer environment could weaken travel demand.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keefe, Bruyette &amp; Woods cut KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) price target from $76 to $65. Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintained a Market Perform rating. KB Home shares closed at $58.57 on Tuesday. <a href="https://www.benzinga.com/quote/KBH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Tigress Financial raised the price target for Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) from $28 to $32. Tigress Financial analyst Ivan Feinseth maintained a Strong Buy rating. Carnival shares closed at $21.26 on Tuesday. <a href="https://www.benzinga.com/quote/CCL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barrington Research boosted WNS (Holdings) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNS#NYSE">WNS</a>) price target from $63 to $75. Barrington Research analyst Vincent Colicchio maintained an Outperform rating. WNS shares closed at $64.80 on Tuesday. <a href="https://www.benzinga.com/quote/WNS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush raised the price target for Huron Consulting Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HURN#NASDAQ">HURN</a>) from $150 to $165. Wedbush analyst Daniel Ives maintained an Outperform rating. Huron Consulting shares closed at $145.00 on Tuesday. <a href="https://www.benzinga.com/quote/HURN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup lowered the price target for Kura Sushi USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) from $116 to $71. Citigroup analyst Jon Tower maintained a Neutral rating. Kura Sushi shares closed at $58.58 on Tuesday. See how other analysts <a href="https://www.benzinga.com/quote/KRUS/analyst-ratings">view this stock</a>.</li>
<li>Guggenheim raised InflaRx N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFRX#NASDAQ">IFRX</a>) price target from $7 to $10. Guggenheim analyst Yatin Suneja maintained a Buy rating. InflaRx shares settled at $1.33 on Tuesday. <a href="https://www.benzinga.com/quote/IFRX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut Pentair plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) price target from $120 to $110. Barclays analyst Julian Mitchell maintained an Overweight rating. Pentair shares closed at $91.20 on Tuesday. <a href="https://www.benzinga.com/quote/PNR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut Kimco Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>) price target from $24 to $23. Wells Fargo analyst Dori Kesten maintained an Equal-Weight rating. Kimco Realty shares closed at $21.19 on Monday. &nbsp;<a href="https://www.benzinga.com/quote/KIM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna cut the price target for Hub Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) from $55 to $48. Susquehanna analyst Bascome Majors maintained a Positive rating. Hub Group shares settled at $37.72 on Tuesday. <a href="https://www.benzinga.com/quote/HUBG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut Core &amp; Main, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) price target from $66 to $65. Baird analyst David Manthey maintained an Outperform rating. Core &amp; Main shares closed at $49.52 on Tuesday. <a href="https://www.benzinga.com/quote/CNM/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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</ul>
Photo: Shutterstock

HUBG

HURN

IFRX

KRUS

Carnival To Rally Over 50%? Here Are 10 Top Analyst Forecasts For Wednesday

Tigress Financial analyst Ivan Feinseth maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Strong Buy and raises the price target from $28 to $32.

Tigress Financial Maintains Strong Buy on Carnival, Raises Price Target to $32

Shares of travel, leisure and retail companies are trading higher amid overall market strength on reports of potentially narrowed or targeted tariffs, which could ease some economic concerns.

Shares of Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) were climbing in early Monday trading after the company reported upbeat <a href="https://www.benzinga.com/news/contracts/25/03/44445996/lockheed-martin-shares-sink-after-major-us-air-force-contract-goes-to-boeing-what-to-know">fiscal first-quarter results</a>.
The quarterly results reflected the company's resilience, as it delivered a wide EBITDA beat despite "several weeks of macro uncertainty and choppy travel datapoints," according to Goldman Sachs.
The Carnival Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/647713f84d196600013124ad/lizzie-dove">Analyst Lizzie Dove</a> maintained a Buy rating, while reducing the price target from $35 to $32.
The Carnival Thesis: Despite macro concerns, Dove said in the note that the company kept its net yield outlook for the second and third quarters unchanged.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Carnival did raise the fiscal 2025 net yield guidance to reflect the first-quarter beat, which suggests that "the company feels confident in its booking trajectory and pricing power even despite some choppier trends," she added.
"CCL noted that there has been no deceleration in onboard trends, bookings are still higher y/y (even in luxury) and management is seeing particular strength in Europe," the analyst wrote.
She highlighted two tailwinds that are "underappreciated by investors."
<ul>
<li>Several Carnival brands that have turned around over the past few years are seeing "continued positive momentum."</li>
<li>The current macro challenges are primarily US-based, while Carnival has many European passengers traveling within Europe.</li>
</ul>
CCL Price Action: Carnival&#8217;s shares had risen 3.13% to $21.58 at the time of publication on Monday.
Read More: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44399554/analysts-see-upside-for-95-of-sp-500-stocks-how-nvidia-tesla-stack-up">Analysts See Upside For 95% Of S&amp;P 500 Stocks: How Nvidia, Tesla Stack Up</a></li>
</ul>
Image: Shutterstock

Earnings Beats

Reiteration

Carnival Analyst Highlights Tailwinds 'Underappreciated By Investors'

Citigroup analyst James Hardiman maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Buy and lowers the price target from $31 to $30.

Citigroup Maintains Buy on Carnival, Lowers Price Target to $30

Financial giants have made a conspicuous bullish move on Carnival. Our analysis of options history for Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $356,037, and 2 were calls, valued at $106,949.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $27.0 for Carnival over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Carnival's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Carnival's substantial trades, within a strike price spectrum from $20.0 to $27.0 over the preceding 30 days.
<h3>Carnival Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742829371_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$6.3</td>
<td>$6.2</td>
<td>$6.3</td>
<td>$27.00</td>
<td>$166.9K</td>
<td>2.7K</td>
<td>266</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$3.6</td>
<td>$3.55</td>
<td>$3.6</td>
<td>$20.00</td>
<td>$71.2K</td>
<td>1.4K</td>
<td>199</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$0.4</td>
<td>$0.33</td>
<td>$0.4</td>
<td>$21.00</td>
<td>$52.5K</td>
<td>924</td>
<td>1.3K</td>
</tr>
<tr>
<td>CCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$2.26</td>
<td>$2.23</td>
<td>$2.24</td>
<td>$21.00</td>
<td>$44.8K</td>
<td>1.2K</td>
<td>442</td>
</tr>
<tr>
<td>CCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$3.6</td>
<td>$3.55</td>
<td>$3.6</td>
<td>$20.00</td>
<td>$35.6K</td>
<td>1.4K</td>
<td>199</td>
</tr>
</tbody>
</table>

<h3>About Carnival</h3>
Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&amp;O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&amp;O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.
Following our analysis of the options activities associated with Carnival, we pivot to a closer look at the company's own performance.
<h3>Carnival's Current Market Status</h3>
<ul>
<li>With a volume of 7,911,728, the price of CCL is up 2.91% at $21.55. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 92 days.</li>
</ul>
<h3>Professional Analyst Ratings for Carnival</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $28.75.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Loop Capital persists with their Hold rating on Carnival, maintaining a target price of $21. 
&#x2A; An analyst from Stifel persists with their Buy rating on Carnival, maintaining a target price of $31. 
&#x2A; An analyst from Stifel persists with their Buy rating on Carnival, maintaining a target price of $30. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on Carnival with a target price of $33. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carnival with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Behind the Scenes of Carnival's Latest Options Trends

Mizuho analyst Ben Chaiken maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Outperform and raises the price target from $32 to $33.

Mizuho Maintains Outperform on Carnival, Raises Price Target to $33

Loop Capital analyst Laura Champine maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Hold and lowers the price target from $25 to $21.

Loop Capital Maintains Hold on Carnival, Lowers Price Target to $21

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Chardan Capital slashed Century Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPSC#NASDAQ">IPSC</a>) price target from $11 to $7. Chardan Capital analyst Geulah Livshits maintained a Buy rating. Century Therapeutics shares closed at $0.5550 on Friday. <a href="https://www.benzinga.com/quote/IPSC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut the price target for Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) from $296 to $269. Piper Sandler analyst Peter Keith maintained an Overweight rating. Lowe&#8217;s shares closed at $227.07 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/LOW/analyst-ratings">view this stock</a>.</li>
<li>JP Morgan boosted Alnylam Pharmaceuticals, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>) price target from $280 to $328. JP Morgan analyst Jessica Fye upgraded the stock from Neutral to Overweight. Alnylam Pharmaceuticals shares closed at $283.34 on Friday. <a href="https://www.benzinga.com/quote/ALNY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $300 to $275. Jefferies analyst Stephanie Moore upgraded the stock from Hold to Buy. FedEx shares closed at $230.33 on Friday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barrington Research lowered the price target for Concentrix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) from $70 to $54. Barrington Research analyst Vincent Colicchio maintained an Outperform rating. Concentrix shares closed at $44.93 on Friday. <a href="https://www.benzinga.com/quote/CNXC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group cut RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $500 to $420. Telsey Advisory Group analyst Cristina Fernandez maintained an Outperform rating. RH shares settled at $242.18 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group cut Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) price target from $159 to $131. Evercore ISI Group analyst Stephen Kim downgraded the stock from Outperform to In-Line. Lennar shares closed at $115.22 on Friday. <a href="https://www.benzinga.com/quote/LEN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) price target from $39 to $40. Guggenheim analyst Michael Morris upgraded the stock from Neutral to Buy. Pinterest shares closed at $32.42 on Friday.  <a href="https://www.benzinga.com/quote/PINS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James cut the price target for Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) from $96 to $82. Raymond James analyst Simon Leopold upgraded the stock from Outperform to Strong Buy. Lumentum shares settled at $66.61 on Friday. <a href="https://www.benzinga.com/quote/LITE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) price target from $30 to $31. Stifel analyst Steven Wieczynski maintained a Buy rating. Carnival shares closed at $20.94 on Friday. <a href="https://www.benzinga.com/quote/CCL/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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</ul>

ALNY

CNXC

IPSC

LITE

PINS

Carnival To Rally Around 48%? Here Are 10 Top Analyst Forecasts For Monday

Stifel analyst Steven Wieczynski maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Buy and raises the price target from $30 to $31.

Stifel Maintains Buy on Carnival, Raises Price Target to $31

Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off <a href="https://www.benzinga.com/markets">the session&#8217;s earlier lows.</a>
At a White House event, President Donald Trump said there would be flexibility on the upcoming tariffs, easing investor concerns that their planned implementation on April 2 could trigger major disruptions.
Read also: <a href="https://www.benzinga.com/25/03/44439169/monster-equity-inflows-say-no-one-really-believes-trade-war-bank-of-americas-hartnett-says">&#8216;Monster Equity Inflows Say No One Really Believes Trade War,&#8217; Bank Of America&#8217;s Hartnett Says</a>
The news helped improve risk sentiment in equities, while gold is having its worst session since late February, down 1% as traders scale back positions in safe-haven assets.
The U.S. dollar reversed course to notch weekly gains after two consecutive weeks of losses. Among mega-cap stocks, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led the way, climbing 4.9% and 4.2%, respectively.
Boeing, up 11% for the week, is on track for its strongest weekly performance since July 2023 after securing a multibillion-dollar contract to design and build a next-generation fighter jet for the U.S. Air Force—beating out rival Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), which fell 6%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dipped 0.4% to below $84,000 but is still holding onto weekly gains.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,851.01</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,623.24</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,637.84</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,056.35</td>
<td>-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 4:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.7% to $561.86.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.4% to $418.47.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;was down 0.2% to $478.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $203.82</li>
<li>The&nbsp;Communication&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 0.4%; the&nbsp;Materials&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) was the worst sector performer, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) tumbled 7.9% in reaction to quarterly earnings, eyeing the worst day since September. </li>
<li>Other stocks reacting to earnings included Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), up 0.3%, NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), down 3%, Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), down 7.9%, Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), down 4.5%, Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), down 4%. </li>
</ul>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/news/econ-s/25/03/44435609/sp-500-could-soar-12-by-year-end-but-only-if-recession-is-avoided-goldman-sachs-says">S&amp;P 500 Could Soar 12% By Year-End—But Only If Recession Is Avoided, Goldman Sachs Says</a></li>
</ul>
Photo: Shutterstock

Wall Street Trims Losses As Boeing Eyes Best Week In Nearly 2 Years: What's Driving Markets Friday?

Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Friday</a> following the release of its first-quarter FY25 earnings results.
The company reported first-quarter sales growth of 7.5% year-on-year to $5.81 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44435716/carnival-corporation-plc-reports-record-setting-first-quarter-operating-results-outperforms-decemb" rel="noreferrer noopener">beating the analyst consensus estimate of $5.75 billion.</a>
Passenger ticket sales increased 5.9% to $3.8 billion. Adjusted EPS of 13 cents <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus estimate of 2 cents.</a>
Average lower berth day totaled 23.6 million. Occupancy percentage for the quarter was 103% in the quarter.
Net yields (in constant currency) were 7.3% higher than 2024. Cruise costs per ALBD decreased 0.3%.
The company registered an operating income of $543 million, a 96.7% surge YoY. Adjusted EBITDA in the quarter stood at $1.2 billion, up 38% YoY.
Total customer deposits reached&nbsp;$7.3&nbsp;billion,&nbsp;reflecting continued growth in ticket prices and pre-cruise onboard sales. Carnival held $833 million in cash and equivalents as of February 28, 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44434720/defense-secretary-slashes-580-million-in-wasteful-spending-targets-overdue-overpriced-projects" rel="noreferrer noopener">Defense Secretary Slashes $580 Million In Wasteful Spending—Targets Overdue, Overpriced Projects</a>
The operating cash flow for the quarter was $925 million. The company reduced its debt balance by another $0.5 billion, ending the quarter with $27.0 billion of total debt.
&#8220;Our first quarter was truly characterized by outperformance. This was across the board and led by incredibly strong demand throughout our portfolio including exceptional close-in demand that exceeded expectations for both ticket prices and onboard spending,&#8221; said CEO Josh Weinstein.
&#8220;While we are not completely immune from the heightened macroeconomic and geopolitical volatility since providing our December guidance, we are still taking up our earnings expectations for the year and we remain on track to have another stellar year across our cruise brands.&#8221;
Outlook: Carnival sees second-quarter net yield growth of 4.4% in constant currency. Adjusted EPS of $0.22 <a href="https://www.benzinga.com/calendars/guidance">against an estimate of $0.23.</a>
Carnival raised the FY25 net yield guidance from 4.2% to 4.7%. The cruise operator also raised the FY25 adjusted EPS outlook from $1.70 to approx. $1.83, compared to an estimate of $1.78.
Carnival is expecting to achieve both 2026 SEA Change financial targets one year in advance, with adjusted return on invested capital&nbsp;(ROIC) and adjusted EBITDA per available lower berth&nbsp;(ALBD) for 2025, reaching the highest levels in nearly two decades.
Price Action: CCL shares traded lower by 2.03% at $20.77 at last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44420034/d-waves-new-blockchain-architecture-could-slash-energy-usage-by-1000x" target="_blank" rel="noreferrer noopener">D-Wave Unveils New Blockchain Architecture To Slash Energy Usage</a></li>
</ul>
Photo by Darryl Brooks via Shutterstock.

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:58 PMApr 01, 2025	PUT	$16.00	Oct 17, 2025	194	5000	5000	7042	71	TRADE	BEARISH
09:49 AMMar 28, 2025	CALL	$20.00	Jan 15, 2027	649	0	1000	0	2212	TRADE	BEARISH
12:02 PMMar 26, 2025	CALL	$25.00	Jan 16, 2026	285	5022	5000	88	5734	TRADE	BEARISH