Carnival (CCL) lifted by Q1 earnings

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CCL logoCarnival Corp (NYSE: CCL - option chain) shares are headed higher today after the company posted a first-quarter profit of $260 million, or 33 cents per share, beating analysts' projections of 19 cents per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CCL.

CCL opened this morning at $23.01. So far today the stock has hit a low of $22.98 and a high of $24.94. As of 11:40, CCL is trading at $23.65, up 34 cents (1.5%). The chart for CCL looks bearish and S&P gives CCL a negative 2 STARS (out of 5) sell ranking.

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