SOURCE: Rothman Research
JOHANNESBURG, SOUTH AFRICA–(Marketwire – July 12, 2010) – www.RothmanResearch.com studies the different macroeconomic elements and industry fundamentals impacting leisure stocks this summer. Sign up now to access those reports.
It has almost been a perfect storm for leisure stocks in the last two years with consumers dry-docking their discretionary spending as they weathered a brutal financial crisis. There has been some hope of consumer confidence built-up in the early half of 2010, but with persisting high unemployment levels and lingering recovery in the housing sector, people have folded back to safety mode by June. So this summer looks like another dull vacation period as leisure stocks, like Carnival Corp. (
www.rothmanresearch.com is a source for investors seeking free information on Leisure stocks; investors and shareholders of Carnival Corp., Royal Caribbean Cruises Ltd., DreamWorks Animation, Walt Disney Co. and Starwood Hotels & Resorts Worldwide Inc. are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.
Looking to defy the odds a couple of weeks back in its most recent quarterly readings, Carnival Corp. pointed out that booking trends are looking promising and some factors like the ongoing oil spill have not caused any damage to cruising’s bottom line. www.rothmanresearch.com provides technical analysis and free downloadable research reports on Carnival Corp. by signing up now at
Carnival Corp. second quarter profits have, for the most part, been squeezed due to a 64% surge in fuel costs for the period. Currency exchanges rates fluctuations have also contributed in a profit shortfall. The company’s rival, Royal Caribbean Cruises Ltd. (
Leisure stocks remain very discretionary and are thus subject to consumers’ sentiment. Even if fears do exist across the broader markets, there are still positive data coming out from earnings and other sources that could indicate that all is not falling into a whirlpool. One such optimistic reading from the hotel industry, another highly discretionary segment, corroborate that consumers have not all bunkered themselves as hotel occupancy rates continue to show single digit increase.
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