Diamonds and Dogs
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.
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