This Cruiseliner Just Set Records For Bookings
Good morning Wake-Up Watch Listers! While you’re sipping that first cup of coffee you’ll see stock futures slipped as traders are still feeling out the bond market and the latest events of the Ukraine/Russia war. The concerns of a recession are also still very real, with U.S. Treasury yields remaining inverted. That said, there are still plenty of buying opportunities to be had.
Here’s a look at the top-moving stocks this morning.
Carnival Corp. (NYSE: CCL)
Carnival Corp. is up 4% premarket after the cruise company had its busiest booking week ever. They broke their previous 7-day booking record by double. Plus 22 of their 23 ships are back in year-around guest operations. With travel demand increasing, Carnival stock is looking strong.
Texas Pacific Land Corp. (NYSE: TPL)
Shares of Texas Pacific Land Corp. are up 3.51% premarket due to the increasing demand for non Russia oil and natural gas. This has exploded the value of 880,000 acres owned by Texas Pacific Land in the energy-rich Permian Basin. As globalization continues to shift due to the Russia/Ukraine conflict, Texas Pacific Land Corp. is a stock to watch.
Wix.com (Nasdaq: WIX)
Wix.com is up 3% premarket as the website builder recently announced a $500 million share buyback program. With $1.7 billion overall in cash, a $500 million spend still leaves the company with $1.2 billion. Overall Wix is looking like a stock to keep an eye on going forward.
First Solar (Nasdaq: FSLR)
First Solar is down 4.98% premarket as the company predicted sharp top-and-bottom-line declines for 2022. That’s partly because the company will see high start-up costs on its new manufacturing facility in 2022. This stock could be volatile in the months to come.
Carvana Co. (NYSE: CVNA)
Carvana Co. is down 2.96% premarket after the share price declined 50% over the last three months. Carvana hasn’t turned a profit in the last 12 months even though their share price has been 97% better than the market over the last three years. There’s uncertainty surrounding this stock.
Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team