Today we are watching…
1. Royal Caribbean Cruises (#royalc)
Hurricane Dorian almost sunk this global cruise company! However, Royal Caribbean Cruises has bounced back. It’s shipped supplies to the Bahamas to help surviving victims, and investors will also be pleased if it’s on the way back financially, too. Investing in a cruise provider means stomaching massive costs of maintaining and repairing ships, but you do get easy international exposure. With the economy roaring, confident travelers are keen to sail the seas again. However, whether Royal Caribbean Cruises can beat quarterly earnings expectations will be touch and go. The bar is set at $4.31 in profit per share on $3 billion in revenue.
2. Garmin (#garmin)
This wearable tech brand has plowed everything into research and development, and it’s paying off! Great product after great product has carried the Garmin stock price to all-time highs. While its marine segment has a long runway of growth opportunities ahead, its fishing equipment is reeling in customers from competitors Fitbit and Huami. To beat earnings expectations today, Garmin will need to have made $0.94 of profit per share this quarter on $850 million in revenue. If wearable healthcare products continue to become fashionable, it has a chance!