• New Year’s Sale! Get A Free Month Of Hedgeye

    New Year's Resolution? Leave Wall Street in the dust. Get a free month of any Hedgeye investing product. Win this year.

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

Another company (that we're bearish on) that's bounced from its recent lows on #decelerating volume, is Carnival Corp (CCL).

Our veteran Gaming, Lodging & Keisure (GLL) analyst Todd Jordan recently hosted an Institutional Research conference call outlining both cyclical and secular head-winds to CCL's business.

CCL "brands are struggling for a variety of reasons that we’ve discussed. But soft pricing is not the only headwind that could suppress valuation."

Short the bounce,