NVO Downgrade Sell-Off, Defense Rally, CCL Cruises on Earnings
Schwab Network · Schwab Network
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Show Notes
Carnival (CCL) cruised on an earnings beat and optimism for strong demand ahead. Diane King Hall takes a closer look at the report to show other strengths boosting the cruise line's pocket book. She turns to a different story in Novo Nordisk (NVO) after Morgan Stanley downgraded the stock to underweight from equal weight and lowered its price target over its Alzheimer drug trial. Diane notes that defense stocks are rallying to start the week thanks to a Wall Street Journal report saying the Pentagon is pushing for increased missile production.
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