- According to our sources, bookings have been hot for RCL’s ships in Asia (Mariner, Voyager, Quantum, Explorer, Legend) and likely above management expectations.
- Almost all of the shorter dated itineraries have been completely sold out for the year.
- There are still available cabins for the longer-dated itineraries but they account for only a fraction of RCL’s Asia business.
- Pricing, on the other hand, have been mixed, with the older fleet underperforming Quantum by a wide margin
Takeaway: Asia is the bright spot for RCL and with earnings next Monday, can it lift results?
Hedgeye's Healthcare Sector Head Tom Tobin and Analyst Andrew Freedman hosted a live, free Q&A session earlier this afternoon.
In addition to answering viewer questions live, they touched on:
- ATHN: the new enterprise deal with Trinity and the most recent Tracker results.
- Physician Survey: a slow March and what it means for HOLX and HCA
- Healthcare earnings season preview
Takeaway: Join us for our call Thursday, April 16th at 1:00pm EDT as we run through our Best Ideas (YELP, P, BABA) and touch upon TWTR
We will be hosting a call reviewing the major themes and incremental developments to our Best Idea Short theses on YELP, P, & BABA. The emphasis of this call will be to highlight our view over various durations, as well as the upcoming catalyst calendar; identifying the major risks and catalysts to each position over the near-to-intermediate term. In addition, we will touch upon our Short thesis on TWTR, addressing the same topics
Join us for our call Thursday, April 16th at 1:00pm EDT.
KEY TOPICS WILL INCLUDE
- Review of the major themes and incremental developments to each our Best Ideas Shorts (YELP, P, & BABA)
- Highlighting our view over various durations as well as the upcoming catalyst calendar: Risks & Catalysts to each position over the NTM
- We will also discuss our Short thesis on TWTR, covering the same topics above.
Hesham Shaaban, CFA
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Germany is one equity market we want to highlight this morning.
The DAX continues to be in a bullish formation and we remain long term bulls. Exports account for 47% of German GDP, so Mario Draghi’s weak EUR policy is obviously a huge TAILWIND for Germany. In addition, their fundamentals are outperforming peers and are showing positive lift (business & economic confidence; IP, factory orders, etc).
Even as the DAX has had a major run over the past six months, over the past five years, it has dramatically underperformed its U.S. counterparts. On a related note, tomorrow at 11am, our European Analyst Matt Hedrick will be presenting a 50-page deck that outlines that continued case to be long of German equities.
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In this Macro Minute, Director of Research Daryl Jones highlights the key points of Hedgeye's bullish thesis on German stocks ahead of our institutional conference call tomorrow at 11:00AM ET (contact firstname.lastname@example.org for access).
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