Diamonds and Dogs
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6/25/24
People are ready to travel. Carnival Corp (CCL) is up 8% as the cruise line operator reported better-than-expected second quarter earnings and guidance for the full year. Revenue rose 17% year over year. Carnival said booking volumes hit an all-time high as travelers continue to seek out newer experiences and fun activities.
No one is staying home for now. Pool Corp (POOL) is down 8% after sharply lowering the second quarter and full year heading into the summer season. The company is citing tough economic conditions with reduced consumer discretionary spending and demand. New pool construction activity is expected to drop 15% to 20% from 2023. It expects remodeling to fall as much as 15%, versus its earlier forecast of flat to 10% lower.
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