5 Best Day Trading Stocks To Buy

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Below we present the list of 5 Best Day Trading Stocks To Buy. For our methodology and a more comprehensive list please see the 11 Best Day Trading Stocks To Buy.

5. Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Number of Hedge Fund Shareholders: 28

Average 3-Month Daily Volume: 21.8 million

5-Year Monthly Beta: 2.33

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) is another cruise line operator that’s proven to be a great day trading stock in recent years. Despite how beaten down Norwegian’s stock is, the company is in a good place in terms of bookings, with record demand lined up for the company’s fiscal 2023. Norwegian operates 29 vessels across three brands and more exposure to the luxury side of the market than rival Carnival, which might explain why hedge funds have been favoring it over CCL during the past two years.

Hedge fund ownership of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) hasn’t fallen as steeply in recent quarters as it has in the case of Carnival Corporation & plc (NYSE:CCL), but is nonetheless down by 28% since the end of 2020. GLG Partners sold off all of its 633,093 NCLH shares during Q2.

Miller Value Partners Opportunity Equity, which maintained a long position in NCLH as of June 30, discussed some of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) 2021 developments in the fund’s Q4 2021 investor letter:

“Norwegian Cruise Line Holdings Ltd (NCLH) continued to get hit from worsening headlines in relation to the Omicron variant. The stock declined 21.5% during the quarter following worse-than-expected 3Q results. The company reported revenues of $153M below consensus of $247M with EPS coming in at -$2.17 versus expectations for -$2.04. The company reported that 40% of its capacity was operating by the end of 3Q and they expect 75% to be operating by the end of 2021 with the full fleet back up and running by April 1, 2022. They also highlighted that they expect to be operating cash flow positive in late 1Q22 and profitable for the second half of 2022. The company announced a refinancing transaction, issuing $1Bn of new 1.125% exchangeable notes due 2027 and raising another $1.1Bn through the sale of 46.8M new shares at $23.64. Proceeds are being used to redeem up to $1.215Bn of debt with a blended interest rate of 8.1%, implying annual interest savings of $88M. The company was hit later in the quarter following CDC commentary that even vaccinated travelers should avoid cruises in addition to negative headlines around a new proposed carbon dioxide emission fee on ship owners. Based on Norwegian’s 2019 emissions, the proposed fee would be equal to 20% of NCLH’s Earnings Before Income and Taxes (EBIT) in 2019. The decision is not final and could take up to 2-years before countries decide to adopt the decision.”

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