Leisure demand is holding up better than corporate with a 17 percent average price increase on bookings in the 9-week period prior to Q1 results
(PRWEB) April 15, 2010
The American financial services company has been releasing lists of their most favourable stocks in the US since the idea was launched on October 1 last year.
Using their stock investment insight, the lists name the groups with 'the best combination of highly differentiated research, favourable risk-reward profiles, and clear catalysts'.
Inclusion in the Best Ideas list follows the news yesterday that the Board of Directors in the US approved a quarterly dividend to holders of Carnival Corporation common stocks and Carnival Plc ordinary shares of $0.10 per share.
At 12:00BST Carnival share prices were up by 47.00p, a gain of 1.78 per cent, after hitting a high for the day of 2,715.00p compared to the 2,657.00p the shares closed at yesterday.
Morgan Stanley backed up Carnival's addition to the Best Ideas list by saying: "Leisure demand is holding up better than corporate with a 17 percent average price increase on bookings in the 9-week period prior to Q1 results".
They also cited Carnival's dominant industry position, attractive business model and strong demand as reasons for including the cruise firm in the list.
And with oil prices coming down, it can only be good news for the group which currently has 22 ships operating in its fleet to date.
Morgan Stanley added: "We see tremendous potential in Europe, where the source market will generate nearly half of Carnival's profit this year and demand actually grew 6% last year".
Stagecoach and Scottish & Southern Energy are showing mixed fortunes on the Footsie this afternoon despite both being included in the Best Ideas list.
Scottish & Southern Energy is down 0.53 per cent while Stagecoach is up by 0.53 per cent just after midday.
The site also offers a detailed news section that is updated daily and provides information about risers and fallers from the previous days trading as well as allows users to compare various brokers.
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