Opening Bell: December 19, 2025 - Consumer Strength and Cruise Line Stocks

Consumer Strength and Economic Outlook

• 💡 The consumer is expected to be a strong driver of the economy, potentially "bailing out" the market.
• 📊 Evidence cited includes strong performance from companies like Carnival, American Express, United, Delta, and Marriott.

Cruise Line Industry Insights

• 🚢 Carnival is highlighted for its guidance and value, with potential for Josh to argue it's still a bargain.
• 💰 The affordability of Carnival cruises is mentioned as a key factor in their appeal.
• 🛳️ Viking Holdings is singled out as an exceptional company, with a strong stock performance (up 59% year-to-date) and catering to a wealthier demographic.
• 🚢 Disney cruises are noted as good, while Royal Caribbean is considered less so.

Market and Stock Performance

• 📈 Month-to-date performance is strong for Southwest Airlines, Marriott, and Airbnb.
• 🧐 The discussion touches on the idea that some stocks, like Carnival, are still undervalued.