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NEWS
Bulls Break Through Ahead Of Inflation Data

The S&P 500 and Dow Jones Industrial Average closed at new all-time highs, with software, cybersecurity, and other tech-linked industries leading the charge. All eyes turn to tomorrow and Friday’s inflation data, though the market remains optimistic it will continue toward its 2% target. 👀

Today's issue covers the FOMC Minutes showing a mixed committee, Helen of Troy’s big earning bump, and why one industry *cruised* to the top of the Stocktwits “most bullish” list today. 📰

Here’s the S&P 500 heatmap. 1 of 11 sectors closed green, with technology (+1.12%) leading and utilities (-0.86%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $NCLH, $CCL, $MDB, $TEAM, $RCL 📉 $CEG, $NTES, $NRG, $SMMT, $BA*

*If you’re a business and want to access this data via our API, email us.

STOCKS
Smooth Sailing In Cruise Stocks Post-Upgrade 🛳️

Cruise and other travel-related stocks have been experiencing record demand in the two years since starting their post-pandemic recovery, and analysts expect the good times to keep rolling. 🥳

Citigroup upgraded Norwegian Cruise Line from ‘neutral’ to ‘buy,’ citing further earnings and margin improvements and raising its price target from $20 to $30. The bank also upgraded and raised its price target for Royal Caribbean from $204 to $253 and Carnival Cruise from $25 to $28.

September cruise traffic was among the best on record and Citi’s analysis of pricing data says the trends look consistently positive into 2025 and beyond.

As for Norweigan’s business specifically, Citi analyst James Hardiman had this to say about the company’s strategy, "Norwegian's shift in strategy from quality at all costs to a more balanced yield/cost relationship gives us confidence that the considerable pricing power and the company's increased focus on costs 'can't help but bear fruit…” 👍

The Stocktwits community is looking for further upside in these stocks following their fresh breakouts. Sentiment readings were in ‘bullish’ or ‘extremely bullish’ for all three stocks heading into today’s closing bell. 🐂

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Quiver’s strategy, called the Congress Buys Strategy, tracks the performance of stocks that have been recently purchased by members of U.S. Congress (or their family). The holdings are weighted based on the reported size of the purchases, with weekly rebalancing.

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*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.