CCL: Adding Carnival to Investing Ideas (Short Side)

06/13/18 03:57PM EDT

Below is a brief note from CEO Keith McCullough on why we're adding Carnival (CCL) to the short side of Investing Ideas today:

Cruise stocks bounced off the Old Wall downgrade last week so now we have a much better spot to send you another SELL signal as Carnival (CCL) bounces to the top-end of the @Hedgeye Risk Range.

*Process Note: do not short things on the down-move at the low-end of the @Hedgeye Risk Range!

As a reminder for both CCL and RCL, Hedgeye (Todd Jordan and Felix Wang) is below Consensus for 2018/2019 EPS - 2018 and 2019 margins are too high and 2019 yield estimates too aggressive.

KM
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