Travel Stocks Jump As Trip.com Tops Quarterly Estimates
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Shares of travel-industry companies moved higher on Tuesday, lifted by the news that Trip.com Group (TCOM), the largest online travel service in China, topped sales and profit estimates for the second quarter.
Signs of resilience in the Chinese travel market in Trip.com's report, driven by demand for cross-border travel, helped boost several U.S.-based travel stocks. Cruise operators Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), and Carnival (CCL) all rose, as did online travel platform Expedia (EXPE).
Trip.com reported a 14% year-over-year increase in revenue in the second quarter. A higher number of people traveling in China—especially in the periods surrounding holidays—contributed to the strong sales performance. The company generated sales growth across all its revenue categories: accommodation, transportation ticketing, package tours, and corporate travel.
Trip.com's American Depository Receipts (ADRs) soared 8.6% in Tuesday's session following the strong earnings results. The upbeat results and indications of buoyant travel demand helped brighten the outlook for travel companies in the U.S.
A report by Zacks Equities Research, published Tuesday, highlighted numerous positives for cruise operators, including robust demand, strong bookings, solid pricing, and increased onboard spending. Analysts believe these trends could help the major operators—Norwegian, Royal Caribbean, and Carnival—achieve near-term growth.
Carnival on Tuesday announced the addition of new itineraries for seven of its ships set to sail in 2026 through 2027. Destinations include Half Moon Cay, a small private island in the Bahamas.
Meanwhile, Southwest Airlines, which also stands to benefit from improving travel demand, plans to meet with activist investor Elliott Investment Management on Sept. 6. Elliott remains committed to pushing for leadership changes at the airline. Its shares also rose today.
Travel platform Expedia beat quarterly estimates in its most recent report, released Aug. 8, boosted by strong demand in international markets. At the time, Expedia warned of challenging macroeconomic conditions and a potential weakening of demand, but the more recent strength from Trip.com could suggest a stabilization in the market.
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UBS Lifts Price Target On Hanesbrands, Says Company Is At 'Inflection Point'
~0.9 mins read
Shares of Hanesbrands (HBI) gained Tuesday after UBS boosted its price target on the stock to $6.50 from $5 while maintaining a "neutral" rating.
reported that UBS analyst Jay Sole wrote that the apparel maker could be at “a major inflection point” as Chief Executive Officer (CEO) Stephen Bratspies has increased spending on product innovation and marketing.
In addition, the sale of Hanesbrands' Champion business is scheduled to close before the end of the year, and that could put the company's earnings before interest and taxes (EBIT) margin at 15%, reported. The $1.2 billion deal with Authentic Brands Group was announced in June.
quoted Sole as saying that after meeting with management, “we believe HBI has an opportunity to flip the narrative around the stock for the first time in many years.” However, he kept the company's stock rating at neutral until Hanesbrands shows it can execute its strategy.
Hanesbrands shares traded Tuesday at their highest level since early 2023, rising 5.7% to $6.65 at close.
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What Wall Street Analysts Think Of Nvidia’s Stock Ahead Of Earnings
~0.8 mins read
Chip giant Nvidia’s latest quarterly financial results, due Wednesday after the closing bell, will be one of the week’s most closely watched stock-market events. The results will land with shares of the AI chipmaker up more than 150% this year through Tuesday's close—and Wall Street is broadly bullish on the stock.
According to data as of late Tuesday, nearly all of the analysts covering Nvidia (NVDA) and tracked by Visible Alpha — 21 of 23 — have buy or equivalent ratings on the shares.
The Street’s mean consensus price target is $145.69, indicating a 14% premium to Tuesday's close above $128. The targets used in that consensus range from $100 to $180.
Investors will be watching for a dramatic move in the company's shares when the numbers arrive. Here’s what you need to know about Nvidia’s upcoming earnings report.
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Asue Ighodalo's Political Setup Exposed: Dr. Tony Obahieme Speaks Out
~3.6 mins read
Dr. Tony Obahieme's Candid Assessment of Obaseki’s Governance and the Future of Edo State: A Call for Change
As Edo State inches closer to a pivotal moment in its political history, the conversation around governance, leadership, and the future direction of the state is heating up. At the center of this discourse is Dr. Tony Obahieme, a respected voice in Benin City, whose recent remarks have sparked widespread discussion and reflection among Edo citizens.
The Obaseki Administration: A Disconnect with the People
Dr. Tony Obahieme has been outspoken about the shortcomings of Governor Godwin Obaseki's administration, which he describes as increasingly detached from the needs and aspirations of the people. Despite being in office for nearly eight years, Dr. Obahieme argues that Obaseki's government has failed to establish a meaningful connection with the citizens of Edo State. Instead of delivering on promises, Obaseki is accused of offering "big expired grammar" that has left many Edo residents feeling frustrated and abandoned.
A key issue highlighted by Dr. Obahieme is the financial state of Edo, which he points out has become the third most indebted state in Nigeria. This financial burden, he asserts, has only deepened the economic challenges faced by ordinary citizens, with clear indicators of mismanagement visible for all to see. The economic distress is compounded by what Dr. Obahieme views as a lack of genuine engagement with the populace—a governance style that has left many feeling disillusioned.
Asue Ighodalo: A Political Setup?
Adding fuel to the fire, Dr. Obahieme has raised concerns about Asue Ighodalo, who he believes is being positioned as a political tool to further Obaseki's agenda. According to Dr. Obahieme, Ighodalo is not the leader that Edo needs but rather a continuation of policies that have failed the state. He describes the attempt to foist Ighodalo on the people of Edo as an affront to their intelligence and a clear sign that the current leadership is out of touch with the desires of the electorate.
Dr. Obahieme also criticizes Governor Obaseki's treatment of Edo's royal heritage, particularly his perceived disrespect towards His Imperial Majesty, Oba Ewuare II. This, combined with the governor's strained relationships with key figures, including his own Deputy Governor Phillip Shaibu, further illustrates the contentious nature of his leadership.
Monday Okpebholo: The People's Candidate
In stark contrast to the current administration, Dr. Obahieme has positioned Monday Okpebholo as the true representative of the people. Describing him as "the man of the street," Dr. Obahieme highlights Okpebholo's deep connection with Edo citizens, his understanding of their daily struggles, and his commitment to improving their lives. Okpebholo, he asserts, has been tested and trusted by the people and is seen as the leader who can restore hope and bring about the much-needed change in Edo State.
Dr. Obahieme's endorsement of Okpebholo is a powerful statement that challenges the status quo and calls for a leadership that truly reflects the will of the people. It is a message that resonates deeply with a populace eager for change and wary of political machinations that seek to undermine their autonomy.
A Message to Obaseki: Edo Will Not Be Fooled Twice
As the 2024 elections draw nearer, Dr. Obahieme's words serve as a rallying cry for the people of Edo State. He makes it clear that Edo is not Lagos, emphasizing that the citizens are wise and discerning. They will not allow themselves to be deceived or manipulated by a governor who, in their view, has shown little regard for their well-being and the state's cherished traditions.
Dr. Obahieme's critique is more than just a condemnation of Obaseki's governance; it is a call to action for all Edo citizens. He urges them to stand firm, demand accountability, and reject any attempts to impose leadership that does not serve their best interests.
The Road Ahead: A Crucial Decision for Edo
As Edo State approaches this critical juncture, the choices made by its citizens will shape the future of the state for years to come. Dr. Obahieme's assessment underscores the importance of this moment, highlighting the need for leadership that is not only competent but also genuinely connected to the people it serves.
The upcoming elections represent an opportunity for the people of Edo to reclaim their state, to ensure that it is governed by those who understand and respect its unique heritage, and to choose leaders who will prioritize their needs above all else. Dr. Obahieme's message is clear: the time for change is now, and the people of Edo must seize this moment to chart a new course for their future.
As the state prepares for the 2024 elections, the voice of Dr. Tony Obahieme will continue to echo across Benin City and beyond, inspiring a movement towards a more accountable, responsive, and people-centered governance. The outcome of this political contest will not only determine the leadership of Edo State but also signal the direction of its future.
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