Today's Trading Plan

Brit Ryle

Posted January 5, 2024

AI Bets Big Wins Big on Carnival Trade

I recommended Carnival Cruise Lines (NYSE: CCL) to Pro Trader Today readers on September 13 at $15 a share. Like many investors, I sometimes suffer from premature allocation – a month later the stock was trading at $11 a share…

Even back in September and October, it was clear (to me, anyway) that Carnival was setting up for a huge turnaround for revenue and earnings. People were finally coming out of their COVID/inflation funk, and all signs pointed to record cruise bookings…

And Carnival confirmed that, yes, 2024 cruise inventory was mostly booked (at substantially higher prices) when it reported earnings on December 22. The company said it was seeing strong demand for 2025 cruises…

Now, the reason for Carnival’s October weakness was oil prices. Giant ships burn a lot of fuel, Carnival doesn’t hedge its fuel costs and the Hamas attack on Israel sent oil prices spiking higher…

I’ve been writing for months that oil supply increases (especially from U.S. shale) would more than offset the small incremental global demand gains. I wrote in my now-famous Predictions for 2024 that oil prices would be stuck between $65 and $80 a barrel in 2024. I also singled out Carnival as a big beneficiary of somewhat weaker oil prices. 

Yesterday, a small group of traders used this analysis to enter a short-term trade on Carnival. Why yesterday? Well, in addition to the strong fundamental story, an artificial intelligence (AI) trading algorithm flagged Carnival as one of the top stocks to trade for the next 10 days. In fact, this powerful AI Trading Agent said that shares of Carnival Cruise Lines had a 78% chance of rallying at least 3.6% higher by January 15. 

One day later, these traders have a 20% profit going on an inexpensive option trade on Carnival Cruise Lines. 

Even better, just this morning Wells Fargo upgraded Carnival Cruise Line to overweight, while downgrading Norwegian Cruise Lines. Coincidence? I don’t think so …

Over the last two months, this AI Trading Agent triggered two different trades on Bank of America (NYSE: BAC) that led to 40% and 36% profits in less than 10 days…

 An 89% profit on Micron Tech (NYSE: MU) in a week…

A 77% overnight gain with Zebra Tech (NASDAQ: ZBRA), and another 50% on Zebra that took about a week…

There was a 62% profit from General Electric (NYSE: GE) that took 6 days…

And 16% profit from Western Digital (NYSE: WDC) over a 7 day span…

It wasn’t perfect, there was a 5.5% loss on Enphase (NASDAQ: ENPH) and a 32% loss on Loews (NYSE: L). 

So – that’s a 78% win rate, and a 37% average gain, including the losers…that’s powerful.

If you’re ready to let this AI Trading Agent power your trading profits, or if you’re just curious and want some information, check out this presentation…

That’s it for me this week, have a great weekend and I’ll talk to you on Monday!


Briton Ryle
Chief Investment Strategist
Pro Trader Today
brit.ryle@protradertoday.com
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