Diamonds and Dogs

3/2/21

Cruise ships ready to go. Norwegian Cruise Line Holdings (NCLH), Carnival (CCL) and Royal Caribbean Group (RCL) are all up at least 2% on upgrades. The analyst at Macquarie Research upgraded the cruise stocks to Outperform, asserting that "most negative catalysts are in the rear-view mirror" and new positive technical instructions from the CDC could be forthcoming.

More chip shortage for the auto industry. The Chinese automaker, NIO (NIO) is down 9% following earnings. The company reported a loss as sales rose 132% to RMB 6.64 billion. The company went on to say they won't be able to deliver as many cars in the current quarter due to a lack of semiconductor chips for said cars.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.