Diamonds and Dogs
12/10/2024
Time to plan 2025 vacations. Norwegian Cruise Lines (NCLH) is up 2% as Goldman Sachs upgraded the stock expecting 2025 to be another stellar year for the cruise industry. Demand is expected to outpace supply allowing for pricing power as new-to-cruise passengers are projected to grow by 15% or more.
Profit-taking at Oracle (ORCL). The software giant is down 7% on earnings. Earnings actually missed estimates and then provided downside guidance even as AI demand for cloud business remains strong. Revenues rose 8.6% year over year to $14.06 billion.
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