Tuesday, May 16, 2006

Cruise to no where CCL

CCL Carnival Cruise Lines down today on disappointing earnings and lower guidance (chart). Looks like a good short if it can rally near today's open of 44.20. Looks like 45 would bring in lots of sellers. I was long CCL a good while back, but deteriorating fundamentals and a rich valuation compared to RCL, are negatives.

JBX Jack-in-the-Box at a new 52-week high (chart) on earnings news. That makes MCD, YUM and JBX all in the same industry doing well.

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