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Norwegian Cruise Line Holdings (NCLH) has an average rating of overweight and mean price target of $20.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
US stocks rebounded Wednesday as traders parsed minutes of the Federal Reserve's latest monetary policy meeting, while Treasury yields slid.The Nasdaq Composite rose 1.5% to 26,270.4, while the S&P 500 advanced 1.1% to 7,433, both rising after a three-day fall. The Dow Jones Industrial Average added 1.3% to 50,009.4. Most sectors ended in the green, led by consumer discretionary, while energy saw the biggest drop.Fed officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed.Meeting participants generally determined that elevated inflation, combined with uncertainty around the duration and impact of the Iran war, could justify holding rates for longer than previously anticipated, the meeting minutes showed.However, majority of Fed officials pointed out "that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%.""The discussion at the April meeting suggests the (Federal Open Market Committee) is becoming increasingly worried about the inflation outlook," Sal Guatieri, senior economist at BMO Capital Markets, said in a report. "While it is in no rush to raise rates, that possibility will only grow if inflation remains stubbornly high."Treasury yields plunged in Wednesday late-afternoon trade, with the 10-year yield rate declining 9.6 basis points to 4.58% and the two-year rate retreating 7.4 basis points to 4.05%.Bond yields have surged amid mounting concerns about inflation. Higher yields drove a sell-off in stocks on Tuesday, according to Macquarie."The state of play now and following the end of earnings season, is that stock indexes are likely to remain sensitive to what happens to long-term yields," Macquarie said in note Wednesday. "Should yields go higher (for whatever reason), stocks will slip further."West Texas Intermediate crude oil was last down 5.5% at $98.47 a barrel, while Brent fell 5.6% to $105.03.US President Donald Trump said on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to a Reuters report.Shares of airlines and cruise operators were notable gainers on Wednesday, with United Airlines (UAL) up 10%, the top gainer on S&P 500. Delta Air Lines (DAL) jumped 9.4%, among the best performers on the index, along with Carnival (CCL) and Norwegian Cruise Line (NCLH).In other company news, Hasbro (HAS) reported a first-quarter operating loss for the consumer products division even as the toymaker delivered stronger-than-expected results at the consolidated level. The stock slid 8.8%, the worst performer on the S&P 500.Target (TGT) shares fell 3.9%, among the steepest declines on the S&P 500. The retailer lifted its full-year sales growth outlook as it recorded higher-than-expected fiscal first-quarter results.TJX (TJX) raised its full-year outlook after posting stronger-than-expected fiscal first-quarter results, with comparable sales rising across all segments. The stock climbed 5.6%.Gold was last up 0.8% at $4,549.30 per troy ounce, while silver rose 1.8% to $76.48 per ounce.
The Standard & Poor's 500 index edged up 0.1% this week, its seventh consecutive weekly gain, as a strong advance in energy stocks helped outweigh declines in other sectors.The S&P 500 ended the week at 7,408.50, up slightly on the week but down from the new closing high it reached Thursday at 7,501.24. The market benchmark also hit a new intraday high on Thursday at 7,517.12.The seven-week win streak is the index's longest since a nine-week run that ended in December 2023. The S&P 500 is now up 2.8% for the month and has climbed 8.2% in 2026.The week's advance was driven by gains in only four of the S&P 500's 11 sectors, led by energy amid surging oil prices on the back of renewed Middle East worries. Consumer staples, technology and health care also rose this week.Declines across the remaining seven sectors came amid inflation concerns.US annual consumer inflation accelerated in April to the fastest pace in almost three years as energy prices surged amid the near-complete closure of the Strait of Hormuz, data released this week showed. Another report showed US producer prices in April rose at the fastest pace in four years as broad-based increases in services and goods signaled intensifying inflation pressures.The energy sector jumped 6.8%, followed by gains of at least 1% each in consumer staples, technology and health care.Occidental Petroleum (OXY) and Targa Resources (TRGP) had the largest percentage gains in the energy sector for the week, rising 12% and 9.6%, respectively.The climb in consumer staples was led by shares of tobacco companies Philip Morris International (PM) and Altria Group (MO), which added 11% and 7.3%, respectively.The technology sector's gain came amid enthusiasm for artificial intelligence as Cisco Systems (CSCO) reported higher-than-expected quarterly results, boosted by strong demand for its AI infrastructure. Cisco's shares jumped 22% as the company reported fiscal Q3 earnings and sales above market expectations and raised its full-year guidance.On the downside, consumer discretionary fell 3.1%, followed by a 2.6% drop in real estate, a 2.3% loss in materials, and a 2.1% decline in utilities. Industrials fell 1.1% while communication services and financials also edged lower.Norwegian Cruise Line Holdings (NCLH) was among the hardest-hit stocks in consumer discretionary. The cruise operator's shares fell 9.1% as TD Cowen cut its price target on the stock to $22 each from $27. The firm kept its investment rating on the shares at buy.Next week, a number of retailers will report quarterly earnings, including Walmart (WMT), Target (TGT), Home Depot (HD), Lowe's (LOW), TJX (TJX), and BJ's Wholesale Club (BJ). Other companies on the week's earnings calendar include NVIDIA (NVDA), Analog Devices (ADI), Intuit (INTU) and Deere (DE).Economic data will include April pending home sales, housing starts and building permits, as well as a final reading on May consumer sentiment.
Norwegian Cruise Line Holdings (NCLH) has an average rating of overweight and mean price target of $21.65, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Norwegian Cruise Line (NCLH) could see a prolonged turnaround after the company cut its 2026 guidance on declining yields and higher fuel costs, Morgan Stanley said in a note Tuesday."The sudden change in yield guidance implies a material deterioration in a short window given ~80%+ of a quarter outis already booked," the report said.The company also reported $125 million in run-rate SG&A savings, including targeting marketing efficiencies, that could negatively impact its revenue, it added."We lower our estimates to be at low end of guidance this year & anticipate a prolonged turnaround," the note said.The company took ownership of missteps, but trends have decelerated across cruise, the note said, adding that effectuating change is challenging amid elevated debt levels.Morgan Stanley cut its price target to $20 from $23 while keeping its equal-weight rating.Price: $17.25, Change: $+0.05, Percent Change: +0.26%
(Updates with the analyst's commentary.)Morgan Stanley cut Norwegian Cruise Line's (NCLH) price target to $20 from $23, highlighting the company's deteriorating yields as reflected by the trimmed 2026 earnings per share outlook."The sudden change in yield guidance implies a material deterioration in a short window given ~80%+ of a quarter out is already booked," Morgan Stanley said in a Tuesday note.Morgan Stanley also expects a prolonged turnaround for Norwegian Cruise, the note said, adding that trends have fallen across cruise.Norwegian Cruise Line has an average rating of overweight and mean price target of $21.81, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $17.31, Change: $+0.11, Percent Change: +0.61%
Norwegian Cruise Line (NCLH) has an average rating of overweight and mean price target of $22.81, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $17.32, Change: $+0.12, Percent Change: +0.70%
US equity indexes fell while crude oil futures jumped amid reports of strikes in the Strait of Hormuz and the United Arab Emirates on Monday, fueling concern that the Iran ceasefire could fall apart.The Dow Jones Industrial Average dropped 1.1% to 48,941.90, with the S&P 500 down 0.4% to 7,200.75 and the Nasdaq Composite lower by 0.2% to 25,067.80 at the close. All sectors except energy retreated, with materials and industrials leading the decliners.The US and Iran exchanged fire in the Persian Gulf in a flareup of violence on Monday that also drew in the UAE, prompting calls for renewed strikes on Iranian targets, Bloomberg reported. The US military fought off attacks from Iranian drones, missiles, and armed small boats as it facilitated the passage of two US-flagged vessels through the Hormuz, US Central Command chief Admiral Brad Cooper was cited as telling reporters in a briefing on Monday.President Donald Trump warned Iran will be "blown off the face of the earth" if it targets US ships that are protecting commercial vessels transiting the crucial waterway, CNBC cited Trump's interview on Fox News.US envoy to the United Nations Mike Waltz told reporters Monday that the US will co-draft a Security Council resolution with Bahrain and its Gulf allies that would "hold Iran to account" for its months-long chokehold over crude oil transit in Hormuz, according to a report from Associated Press.West Texas Intermediate crude oil futures jumped 2.9% to $104.89, and Brent crude futures surged 5% to $113.60.Most US Treasury yields rose, with the 10-year up 5.4 basis points to 4.43%, the highest in more than a month on an intraday basis. Two-year yield jumped six basis points to 3.95%.In precious metals, gold futures dropped 2.6% to $4,525.1, and silver futures slumped 4.3% to $73.13.In economic news, new orders for US factory goods rose by 1.5% in March, above expectations for a 0.6% gain in a Bloomberg-compiled survey, following a revised 0.3% increase in February. Excluding a 0.8% rebound in transportation orders, new orders would have been up 1.6%, above a 1.3% gain expected and the same as in February.In company news, Video game retailer GameStop (GME) proposed acquiring eBay (EBAY) in a cash-and-stock deal valued at about $55.5 billion. Shares of eBay jumped 5.1%, among the top gainers on the S&P 500.Norwegian Cruise Line (NCLH) lowered its full-year earnings outlook amid higher fuel costs and weak consumer demand due to the war in the Middle East. The cruise operator's first-quarter revenue also fell short of market expectations. Its shares slumped 8.6%, among the steepest decliners in the S&P 500.United Parcel Service (UPS) maintained its 2026 sales outlook while flagging a potential demand impact from the Middle East conflict. Shares of the package delivery giant sank 10%, the worst performer on the S&P 500.
The S&P 500 and the Nasdaq retreated from record highs as oil prices jumped amid signs that the Middle East conflict could intensify again.The S&P 500 lost 0.4% to close at 7,200.8, while the Nasdaq fell 0.2% to 25,067.8. The Dow Jones Industrial Average ended 1.1% lower at 48,941.9. Barring energy, all sectors were in the red, led by materials.Brent crude jumped 5.3% to $113.87 per barrel, while West Texas Intermediate crude rose 3.1% to $105.12.The US military destroyed six Iranian boats in the Strait of Hormuz on Monday after Tehran attacked US Navy ships and commercial vessels, CNN reported, citing Admiral Brad Cooper, the head of the US Central Command.A senior Iranian military official disputed that claim, Fox News reported, citing Iranian media. US President Donald Trump told news agency that Iran will be "blown off the face of the Earth" if they attack US vessels that support Trump's initiative to escort commercial ships through the Strait of HormuzTehran fired missiles and drones at the United Arab Emirates, the UAE's Defense Ministry said in a post on X earlier in the day.Two US-flagged vessels passed through the strait, the Central Command said Monday, denying claims from Iran that a US ship had been hit. Iran's Islamic Revolutionary Guard Corps said no commercial vessels or oil tankers had transited the narrow waterway, CNN reported.Meanwhile, the Israeli military reportedly issued an evacuation order for 10 villages in southern Lebanon.The broader conflict paused following two separate ceasefires; one between Washington and Tehran and the other involving Israel and Lebanon. However, a framework for a permanent truce is yet to be reached.The cumulative supply disruption due to the conflict has now reached an estimated 600 million barrels by early May, Wells Fargo Investment Institute said in a note."Absent a reopening of the strait within the next several weeks, the global oil market, in our view, is likely to enter a period of explicit demand rationing within the current quarter," Wells Fargo Investment Institute Chief Investment Officer Darrell Cronk said. "Rationing on the order of four million to five million barrels per day would be required within weeks to rebalance the system, with a typical 30-day lag before flow disruptions fully translate into end-market shortages."US Treasury yields were higher, with the 10-year rate up 6.3 basis points at 4.44% and the two-year rate rising 6.6 basis points to 3.96%."Notwithstanding the recent powerful rallies in stocks, challenges remain to finding resolution for the conflict and in our view persist as a potential negative overhang to market performance with news flow from the Middle East, the price of oil, and supply chain disruptions adding to inflation risks near term," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a report. "That said, stock prices in the US continue to reflect in our view an appreciation for the fundamentals that matter most for revenue and profit growth."On the monetary policy front, New York Fed President John Williams said Monday that the Middle East conflict could keep inflation elevated for some time.Switching to quarterly results, S&P 500 companies' earnings and revenue growth accelerated compared with figures from a week ago, Oppenheimer Asset Management said Monday.Advanced Micro Devices (AMD), Disney (DIS), Uber Technologies (UBER), Shopify (SHOP), Pfizer (PFE) and McDonald's (MCD) are among major companies that are scheduled to release quarterly financials this week.Traders will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for March on Tuesday, followed by the ADP employment report for April on Wednesday. The Challenger Job Cut report and the government's nonfarm payrolls data, both for last month, are scheduled to be released on Thursday and Friday, respectively."Focus shifts from Big Tech to consumer-facing earnings and macro validation," Saxo Bank said in a report. "US earnings from Disney, Airbnb (ABNB), and McDonald's will test demand resilience, while the US jobs report will determine whether strong growth can sustain current equity levels."In company-specific news, Tyson Foods' (TSN) shares jumped 8%, the best performer on the S&P 500. The meat producer's fiscal second-quarter results surpassed Wall Street's expectations, lifted by price and volume gains in the chicken and prepared foods segments.Norwegian Cruise Line (NCLH) lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while the cruise operator's first-quarter revenue fell short of market estimates. The stock fell 8.6%, among the worst performers on the S&P 500.EBay (EBAY) shares advanced 5.1%, among the best performers on the S&P 500, after video game retailer GameStop (GME) proposed to acquire the e-commerce company in a cash-and-stock deal worth about $55.5 billion. Shares of GME slumped 10%.Gold fell 2.6% to $4,524.40 per troy ounce, while silver declined 4% to $73.42 per ounce.
US equity indexes ended lower on Monday after an escalation in the Middle East, with strikes on ships in the Strait of Hormuz, sending crude oil prices higher.* The US military "blew up" six Iranian boats in Hormuz on Monday after Tehran launched "multiple cruise missiles, drones and small boats" at American Navy ships and commercial vessels, CNN reported, citing the US Central Command.* New orders for US factory goods rose by 1.5% in March, above expectations for a 0.6% gain in a Bloomberg-compiled survey, following a revised 0.3% increase in February* June West Texas Intermediate crude oil rose $3.32 to settle at $105.26 per barrel, while July Brent crude, the global benchmark, was last seen up $5.85 at $114.02.* GameStop (GME) has proposed to acquire eBay (EBAY) in a cash-and-stock deal worth about $55.5 billion. eBay shares were up about 5%, among the top gainers on the S&P 500, while GameStop fell more than 10%.* Norwegian Cruise Line (NCLH) shares were down nearly 9%, the biggest decliner on the S&P 500, after the company lowered its full-year earnings outlook amid higher fuel costs and weak consumer demand due to the war in the Middle East, and its Q1 revenue fell short of market expectations.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target by $9 to $14 on an 8x 2026 EV/EBITDA (unchanged), a discount to the shares' 10x three-year average forward multiple. We lower our 2026 EPS estimate to $1.62 from $2.50 and 2027's EPS to $2.32 from $2.97. Following disappointing Q1 results, we downgrade from Hold to Strong Sell. At current levels, shares trade near the low end of their 7.5x-12.0x historical range. However, we believe this valuation is justified given deteriorating fundamentals. NCLH underperformed on net yields (-1.0% in Q1), reflecting disruptions to European itineraries that had an outsized effect versus peers, as well as marketing and revenue management execution issues. We believe the company's approach to offsetting these headwinds through cost reductions could further damage brand positioning and customer experience, particularly at its flagship NCL brand in the Caribbean. Additionally, fuel costs are expected to rise 10% in 2026 and leverage has worsened to 5.4x, creating financial pressure at an inopportune time.
Cogent Communications (CCOI) shares sank 35% amid heavy trading after the company reported on Monday lower Q1 service revenue that was below analysts' estimates.Shares sank 35% following a surge in intraday trading volume to over 5 million from a daily average of about 1.2 million.United Parcel Service (UPS) and FedEx (FDX) shares declined after Amazon.com (AMZN) announced the launch of Amazon Supply Chain Services, opening its logistics network to businesses.UPS shares slumped 10% as intraday trading volume catapulted to more than 12.9 million from a daily average of about 6.10 million.Norwegian Cruise Line (NCLH) reported Monday Q2 adjusted earnings outlook below analysts' forecasts and also cut its 2026 adjusted EPS guidance.Shares dropped nearly 9%, with intraday trading volume at over 41.3 million, versus a daily average of about 22.4 million.Price: $15.28, Change: $-7.88, Percent Change: -34.02%
Norwegian Cruise Line (NCLH) has an average rating of overweight and mean price target of $24.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $17.06, Change: $-1.76, Percent Change: -9.33%
US benchmark equity indexes were lower intraday and oil prices jumped as fighting in the Iran war flared up again.The Dow Jones Industrial Average was down 1% at 49,011.4 after midday Monday, while the S&P 500 lost 0.5% to 7,196.7. The Nasdaq Composite fell 0.3% to 25,038.8. The Nasdaq and the S&P 500 reached new peaks in the previous session.Barring energy, all sectors were in the red, led by materials.Brent crude jumped 6.1% to $114.79 per barrel, while West Texas Intermediate crude rose 4% to $106.13.The US military destroyed six Iranian boats in the Strait of Hormuz on Monday after Tehran attacked US Navy ships and commercial vessels, CNN reported, citing Admiral Brad Cooper, the head of the US Central Command.Tehran fired missiles and drones at the United Arab Emirates, the UAE's Defence Ministry said in a post on X earlier in the day.US President Donald Trump's initiative to escort commercial ships through the Strait of Hormuz began on Monday. Two US-flagged vessels passed through the strait, the Central Command said Monday, after denying claims from Iran that a US ship had been hit.Iran's Islamic Revolutionary Guard Corps said no commercial vessels or oil tankers had transited the narrow waterway, CNN reported.Meanwhile, the Israeli military reportedly issued an evacuation order for 10 villages in southern Lebanon."Notwithstanding the recent powerful rallies in stocks, challenges remain to finding resolution for the conflict and in our view persist as a potential negative overhang to market performance with news flow from the Middle East, the price of oil, and supply chain disruptions adding to inflation risks near term," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a report. "That said, stock prices in the US continue to reflect in our view an appreciation for the fundamentals that matter most for revenue and profit growth."S&P 500 companies' quarterly earnings and revenue growth accelerated compared with figures from a week ago, Oppenheimer Asset Management said Monday.In company news, Norwegian Cruise Line (NCLH) lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while the cruise operator's first-quarter revenue fell short of market estimates. The stock was down 8.9% intraday, the second-worst performer on the S&P 500.EBay (EBAY) shares were up 5.6%, among the best performers on the S&P 500, after video game retailer GameStop (GME) proposed to acquire the e-commerce company in a cash-and-stock deal worth about $55.5 billion. Shares of GME slumped 7.7%.Palantir Technologies (PLTR), Advanced Micro Devices (AMD), Disney (DIS), Uber Technologies (UBER), Shopify (SHOP), Pfizer (PFE) and McDonald's (MCD) are among major companies that are scheduled to release quarterly financials this week.Traders will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for March on Tuesday, followed by the ADP employment report for April on Wednesday. The Challenger Job Cut report and the government's nonfarm payrolls data, both for last month, are scheduled to be released on Thursday and Friday, respectively."Focus shifts from Big Tech to consumer-facing earnings and macro validation," Saxo Bank said in a report. "US earnings from Disney, Airbnb (ABNB), and McDonald's will test demand resilience, while the US jobs report will determine whether strong growth can sustain current equity levels."US Treasury yields were higher intraday, with the 10-year rate up seven basis points at 4.45% and the two-year rate rising 8.5 basis points to 3.98%.Gold fell 2.2% to $4,540.50 per troy ounce, while silver declined 3.7% to $73.62 per ounce.
US equity indexes fell in midday trading on Monday amid reports that fighting escalated in the Middle East, with strikes on ships in the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows, and the United Arab Emirates.The Nasdaq Composite fell 0.4% to 25,028.2, the S&P 500 slid 0.5% to 7,197.5, and the Dow Jones Industrial Average declined 1% to 49,028.8. All sectors except energy retreated, with materials leading the decliners.The US military "blew up" six Iranian boats in Hormuz on Monday after Tehran launched "multiple cruise missiles, drones and small boats" at American Navy ships and commercial vessels, CNN reported, citing the US Central Command. This came about as the US launched an effort to help vessels transit the crucial waterway, The Wall Street Journal reported, citing Adm. Brad Cooper, head of US Central Command.The UAE, which has backed tougher action against Iran, sounded alerts for the first time since early April, saying four missiles and several drones targeted the country, the WSJ reported. It confirmed that a drone strike sparked a fire at an oil hub in Fujairah.West Texas Intermediate crude oil futures jumped 4.2% to $106.18, and Brent crude futures surged 6.2% to $114.87.Most US Treasury yields rose, with the 10-year soaring 7.6 basis points to 4.45%, the highest in more than a month on an intraday basis. Two-year yield catapulted 8.7 basis points to 3.98%.In precious metals, gold futures dropped 2.5% to $4,523.6, and silver futures slumped 3.9% to $73.45.In economic news, new orders for US factory goods rose by 1.5% in March, above expectations for a 0.6% gain in a Bloomberg-compiled survey, following a revised 0.3% increase in February. Excluding a 0.8% rebound in transportation orders, new orders would have been up 1.6%, above a 1.3% gain expected and the same as in February.In company news, video game retailer GameStop (GME) proposed acquiring eBay (EBAY) in a cash-and-stock deal valued at about $55.5 billion. Shares of eBay jumped 4.7%, among the top gainers on the S&P 500.Norwegian Cruise Line (NCLH) lowered its full-year earnings outlook amid higher fuel costs and weak consumer demand due to the war in the Middle East. The cruise operator's Q1 revenue also fell short of market expectations. Its shares slumped 8%, among the steepest decliners in the S&P 500.United Parcel Service (UPS) maintained its 2026 sales outlook while flagging a potential demand impact from the Middle East conflict. Shares of the package delivery giant sank 9.5%, the worst performer on the S&P 500.
Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.6%.In corporate news, GameStop (GME) has proposed to acquire eBay (EBAY) in a cash-and-stock deal worth about $55.5 billion. GameStop fell more than 7%, and eBay jumped 5.3%.Norwegian Cruise Line (NCLH) shares slumped more than 9%. The company lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while its Q1 revenue fell short of market estimates.Tyson Foods' (TSN) fiscal Q2 results surpassed Wall Street's expectations, lifted by price and volume gains in the chicken and prepared foods segments. Its shares rose 2.5%.
All three major US stock indexes were lower in late-morning trading Monday, after President Donald Trump announced over the weekend a plan to have the US guide cargo ships belonging to other nations safely through the Strait of Hormuz.In company news, GameStop (GME) said Sunday it submitted a non-binding offer to acquire all outstanding shares of eBay (EBAY) for $125 each. The $55.5 billion proposal is an equal mix of cash and stock, with the cash component supported by corporate reserves and up to $20 billion in potential financing from TD Securities, the company said. GameStop shares were down 7.9% around midday, while eBay shares were up 5.7%.Amazon.com (AMZN) has launched Amazon Supply Chain Services, opening its logistics network to businesses, the company said Monday. The new offering extends Amazon's freight, distribution, fulfillment and parcel shipping capabilities to retail, wholesale, and commercial businesses, the company said. Separately, Amazon-backed Anthropic has set up a standalone enterprise services firm alongside Blackstone (BX) and Goldman Sachs (GS) to integrate the Claude artificial intelligence platform into core business operations. Amazon shares were up 1.5%, while shares of FedEx (FDX) and United Parcel Service (UPS) were down 9.3% and 9.9%, respectively. Blackstone shares were down 0.9%, while Goldman shares were down 2.3%.American Express Global Business Travel, which is operated by Global Business Travel Group (GBTG), said Monday it has entered into a definitive agreement to be acquired by Long Lake Management for $9.50 per share in an all-cash deal valued at about $6.3 billion. Global Business Travel Group shares were up 57.3%.ADT (ADT) said Monday it priced a secondary public offering of 102 million common shares, sold by certain entities managed by affiliates of Apollo Global Management (APO) and representing all the remaining shares owned by the selling stockholders. The offering is expected to close on May 5, subject to customary conditions. ADT shares were down 6.4%, and Apollo shares were 0.3% lower.Norwegian Cruise Line (NCLH) reported Q1 adjusted earnings Monday of $0.23 per share, up from $0.10 a year earlier and above the FactSet consensus estimate of $0.14. Total Q1 revenue was $2.33 billion, up from $2.13 billion a year ago but below the FactSet consensus of $2.36 billion. For Q2, the company said it expects adjusted EPS of $0.38, below the FactSet consensus of $0.51. The company lowered its full-year 2026 adjusted EPS range to $1.45 to $1.79, from $2.38 prior outlook. Analysts polled by FactSet expect $2.10. Norwegian Cruise shares were down 8.7%.Price: $24.44, Change: $-2.09, Percent Change: -7.88%
Consumer stocks were leaning lower pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.1%.GameStop (GME) said it submitted a non-binding proposal to acquire all outstanding shares of eBay (EBAY) for $125 each. Shares of eBay were up more than 6% and GameStop stock was down more than 5% premarket.Tyson Foods (TSN) shares were up more than 1% after the company reported fiscal Q2 adjusted net income and sales that topped analysts' estimates.Norwegian Cruise Line (NCLH) stock was down more than 6% after the company issued Q2 adjusted earnings outlook below analysts' expectations and cut its 2026 adjusted EPS guidance.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.3% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.03% in Monday's premarket activity as escalating tensions between the US and Iran near the Strait of Hormuz push oil prices higher.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures retreating 0.1% before the start of regular trading.The factory orders data for March will be released at 10 am ET.New York Federal Reserve President John Williams is slated to speak on Monday.In premarket activity, bitcoin was up by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 1.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.3%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.4%. The iShares US Consumer Staples ETF (IYK) was 0.5% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.3%.Norwegian Cruise Line (NCLH) shares were down more than 7% pre-bell after the company lowered its outlook for 2026 adjusted earnings.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.1%, the Vanguard Health Care Index Fund (VHT) was down 0.4%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.2% lower.Evotec (EVO) stock was up more than 3% premarket after the company said it has nominated the first small molecule preclinical development candidate from its multi-target drug discovery collaboration in medical dermatology with Almirall.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.7% higher.CNA Financial (CNA) shares were down more than 2% pre-bell after the company reported lower Q1 core income.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) declined by 0.01% and the iShares US Industrials ETF (IYJ) was inactive.ADT (ADT) stock was down more than 2% before the opening bell after the company said it initiated a secondary public offering of 102 million shares held by entities managed by affiliates of Apollo Global Management (APO).EnergyThe iShares US Energy ETF (IYE) was down 0.4%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.5%.Equinor (EQNR) stock was up more than 2% before the opening bell after the company said it is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion).TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained by 0.2%, and the iShares US Technology ETF (IYW) was 0.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was down 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 0.01%, while the iShares Semiconductor ETF (SOXX) advanced by 0.01%.SAP (SAP) shares were up more than 1% in premarket activity after the company said it has agreed to acquire Dremio and Prior Labs in separate deals aimed at supporting its enterprise AI and data capabilities.CommoditiesFront-month US West Texas Intermediate crude oil rose by 3% to $105.10 per barrel on the New York Mercantile Exchange. Natural gas was up by 1.4% to $2.82 per 1 million British Thermal Units. The United States Oil Fund (USO) rose by 2%, while the United States Natural Gas Fund (UNG) was 1% higher.Gold futures for May were down by 1.7% at $4,567.80 an ounce on the Comex. Silver futures fell by 3.5% to $73.76 an ounce. SPDR Gold Shares (GLD) was 1.1% lower, and the iShares Silver Trust (SLV) declined by 2.8%.
Norwegian Cruise Line (NCLH) lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while the cruise operator's first-quarter revenue fell short of market estimates.The company now expects adjusted earnings to come in between $1.45 and $1.79 per share for 2026, down from its previous projection of $2.38. The current consensus on FactSet is for non-GAAP EPS of $2.10. The stock fell 7.3% in the most recent premarket activity.Norwegian Cruise said it's seeing headwinds related to disruptions in the Middle East, including high fuel expense and soft demand trends as customers reevaluate their travel plans, especially for Europe. These headwinds have impacted the company's ability to accelerate bookings after it entered 2026 behind its targeted booking pace.Energy prices have soared as the US-Israel war with Iran curtailed shipments through the crucial Strait of Hormuz. The conflict paused following a recent ceasefire between Washington and Tehran, but a framework for a permanent truce is yet to be reached."As we move through the year, we will continue to manage costs and focus on revenue growth to align resources with the high-growth, high value areas of the business," Chief Executive John Chidsey said in a statement.For the March quarter, the company's revenue inclined 10% to $2.33 billion, but trailed the Street's view for $2.36 billion. Adjusted EPS jumped to $0.23 from $0.10 the year before, topping the average analyst estimate of $0.14.Passenger ticket revenue grew to $1.54 billion from $1.42 billion in the prior-year quarter, while onboard and other sales increased to $788.9 million from $708.9 million. Occupancy improved to 103.8% from 101.5%, while total cruise operating expenses rose to $1.38 billion from $1.3 billion."During the quarter, we acted with urgency to simplify, optimize, and streamline the organization, including executing SG&A savings initiatives totaling $125 million in expected run rate savings," according to Chidsey. "These are long-term structural actions that we believe will help offset near-term pressures and position the business for stronger performance over time."For the ongoing three-month period, Norwegian Cruise anticipates adjusted EPS of $0.38, while the Street is looking for $0.51.
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