One of last year's biggest winners has been taking in water this year. Shares of Carnival Corp. (NYSE: CCL) more than doubled last year. The world's largest cruise line operator isn't exactly coasting in 2024, down 23% so far this year.This doesn't mean that it's not a good time to walk the gangway and board Carnival before the ship starts sailing again.
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Shares of audio-streaming platform Spotify Technologies (NYSE: SPOT) jumped on Tuesday after the Swedish company reported financial results for the first quarter of 2024. As of 9:40 a.m. ET, Spotify stock was up 13% and hitting new 52-week highs.Spotify's growth leads to a profitSpotify ended Q1 with 615 million monthly active users, which was slightly below analysts' expectations and management.
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For a company that has been in crisis mode for as long as Boeing Co., the planemaker has some startlingly upbeat support from Wall Street.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsZimbabwe’s ZiG Wipes Out 330% Stocks.
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