Norwegian Cruise Line Stock Rises After JPMorgan Upgrade
9 minutes ago
Norwegian Cruise Line Holdings (NCLH) shares advanced Monday when JPMorgan upgraded the stock after the cruise operator’s executives brushed off warnings about a drop in travel demand.
In a note to clients, JPMorgan said that it raised its rating to “overweight” from “neutral” after hosting CFO Mark Kempa and Head of Investor Relations Sarah Inmon at the bank’s 2025 Gaming, Lodging, Restaurant & Leisure Conference in Las Vegas.
The analysts said that the “definitive message” from the pair was that there was “zero detectable change in demand behavior to date despite ‘noise’ in the macro backdrop.” That included “no change in booking curves to indicate irregular patterns, no cracks in onboard spend (including in high discretionary purchase categories of the Spa & Casino), and no change in cancellation rates.”
JPMorgan added that Kempa and Inmon noted that while worries about tariffs have dominated the headlines recently, management hasn’t seen any change in consumer spending patterns. In addition, the carrier isn’t concerned about new taxes on the industry that were hinted at last month by Commerce Secretary Howard Lutnick.
TradingView
Norwegian Cruise Line shares were up more than 3% in recent trading but have still lost about 23% since the start of the year.
S&P 500, Nasdaq Composite Down in 6 of Last 7 Weeks
1 hr 2 min ago
The S&P 500 and Nasdaq Composite entered the week on four-week losing streaks, and each has lost ground in six of the past seven weeks.
The S&P 500 and Nasdaq fell 2.3% and 2.4%, respectively, last week. The S&P 500, which hit a record high less than four weeks ago, has lost 7.6% during its seven-week slump, while the Nasdaq has plunged 11% during that stretch.
The Dow shed 3.1% last week, its worst weekly performance since March 2023. The Dow has fallen in four of the last six weeks, and has slipped into negative territory for the year.
TradingView
Coming into Monday’s session, the Dow has lost 2.5% since the start of 2025, while the S&P 500 and Nasdaq have declined 4.1% and 8.1%, respectively, over that period.
Gold Levels to Watch After Precious Metal Tops $3,000
1 hr 59 min ago
Gold (XAUUSD) were little changed Monday morning after surpassing the $3,000/oz level for the first time ever late last week.
The precious metal received a boost last week as investors flocked to the safe-haven asset amid concerns that the Trump administration’s unpredictable tariff policies could slow economic growth and accelerate inflation.
Gold consolidated within a two-week pennant before breaking out above the pattern’s top trendline last Thursday, signaling a continuation of the commodity’s longer-term uptrend.
Moreover, the relative strength index (RSI) confirms bullish price momentum with a reading above 50, though a push this week into overbought territory could increase the likelihood of near-term profit-taking.
Bars pattern analysis forecasts an upside target of around $3,365. Investors should watch crucial support levels on gold’s chart near $2,833, $2,790, and $2,721.
Read the full technical analysis piece here.
Major Stock Index Futures Move Lower
2 hr 44 min ago
Futures tied to the Dow Jones Industrial Average were down 0.4%.
TradingView
S&P 500 futures slipped 0.2%.
TradingView
Nasdaq 100 futures were off 0.1%.
TradingView
