5 Most Buzzing Stocks to Buy Now

4. Carnival Corporation & plc (NYSE:CCL)

Volume as of September 28: 64.5 Million

Average Volume (3-Month): 52.95 Million

Number of Hedge Fund Holders: 24

Carnival Corporation & plc (NYSE:CCL) is a British-American leisure travel company. Though the stock is buzzing on Wall Street, analysts are bearish on the company’s outlook as they see a drop in consumer spending amid recession fears. Over the past 3 months, Carnival Corporation & plc (NYSE:CCL) has received 1 Buy, 1 Hold, and 3 Sell ratings.

This July, Stifel analyst Steven Wieczynski reiterated his Buy rating a $20 price target on Carnival Corporation & plc (NYSE:CCL). On September 20, Truist analyst Patrick Scholes raised his price target on Carnival Corporation & plc (NYSE:CCL) to $10 from $8 but reiterated a Sell rating on the shares.

At the end of Q2 2022, 24 hedge funds were long Carnival Corporation & plc (NYSE:CCL) and held stakes worth $134 million in the company. As of June 30, PEAK6 Capital Management owns more than 2.6 million shares of Carnival Corporation & plc (NYSE:CCL) and is the largest investor in the company.

Here is what Miller Value Partners had to say about Carnival Corporation & plc (NYSE:CCL) in its second-quarter 2022 investor letter:

“Amazingly, some companies like Carnival Corporation & plc (NYSE:CCL) (CCL, which we don’t own) made it back to its March 2020 lows when business was shut down with no sign of return. Carnival already resumed positive operating cash flow generation and disclosed stronger than historical bookings for 2023 at higher prices. The market focused on fear of recession and refinancing risk posed by higher rates.”