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How to play cruise line stocks as travel demand heats back up

How to play cruise line stocks as travel demand heats back up

Yahoo7 hours ago

Carnival Corporation (CCL) is surging after the company reported a second quarter earnings beat.
James Hardiman, leisure and travel analyst at Citi, joins Market Domination to explain how Carnival's latest earnings print shows rising demand, how oil price swings impact the company, and how to play cruise line stocks.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

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Trump Media Board Member Who Led SPAC Deal Sells 90% Of His Shares
Trump Media Board Member Who Led SPAC Deal Sells 90% Of His Shares

Forbes

time30 minutes ago

  • Forbes

Trump Media Board Member Who Led SPAC Deal Sells 90% Of His Shares

Eric Swider, one of seven board members at Trump Media & Technology Group (NASDAQ: DJT) and a leader in the deal to take Truth Social public, has sold around 90% of his company stock—netting around $4.4 million before taxes—since November, according to filings with the Securities and Exchange Commission. Truth Social is seen on a mobile device with an image of President Donald Trump in the background in ... More Warsaw, Poland in February 2022. (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images Swider became CEO of the blank-check firm Digital World Acquisition Corp.—the SPAC that merged with Truth Social parent company Trump Media—in March 2023. After the merger was finalized in March 2024, former Congressman Devin Nunes, R-Calif., became CEO and Swider remained on the board. Swider received 153,000 shares when the merger closed, and another 26,000 in January 2025 through an incentive plan. In November 2024, Swider sold about 136,000 shares at $28.23 apiece, netting roughly $3.8 million. Since March 2025, Swider has made four additional sales—most recently 8,500 shares earlier in June—reducing his holdings to 17,500 shares. Swider and Trump Media did not respond to requests for comment. It's unclear why Swider has sold about 90% of his holdings, and he does not appear to have commented on the transactions. Contra No other Trump Media insiders have sold comparable amounts, according to SEC filings. President Donald Trump, whose 114.8 million shares are held in a revocable trust where he is the sole beneficiary and donor, has not reported any sales. Others, including Nunes, have only sold shares to cover tax withholdings, not directly receiving any cash proceeds. Big Number $4.8 million. That's how much Swider has made so far from Trump Media—counting stock sale proceeds, the current value of his remaining shares and a $45,000 cash retainer. Key Background Swider joined Digital World's board in 2021 and became CEO in 2023, as the SPAC pursued a drawn-out merger with Trump Media that took 29 months to complete. During that time, a former Digital World board member was convicted of insider trading, the company admitted to two years of unreliable financials and it paid $18 million in penalties to the SEC for failing to disclose early Trump Media talks. After the merger finalized in March 2024, turmoil continued: Trump Media's cofounders sued over allegedly diluted stakes, prompting a countersuit. The company also replaced its auditor after the SEC accused its accounting firm, BF Borgers, of 'massive fraud' involving more than 250 clients (Borgers agreed to pay a $12 million fine and an industry ban). Swider's term on Trump Media's board is set to expire in 2027. In a 2024 filing, Trump Media disclosed Swider failed to report a change in his stock holdings to the SEC within the required timeframe. What To Watch For In March, Swider and Nunes launched a new blank-check firm, Renatus Tactical Acquisition Corp I, targeting acquisitions in cryptocurrency, cybersecurity and dual-use tech—sectors with significant regulatory and government involvement, in which the Trump administration has major influence. Swider holds 50,000 shares directly and controls another 5 million through an LLC. Surprising Fact Trump Media warned in May that 'material misstatements' may have appeared in its financial filings, citing weak internal controls and a lack of SEC reporting expertise—though a company spokesperson told Forbes the filing was 'a routine disclosure that TMTG has repeatedly made in the past, and is typical for former shell companies, that does not in any way indicate an intention to restate any of TMTG's financial reporting.' News Peg Trump Media is in the midst of reshaping its finances, raising $2.3 billion from institutional investors in May to fund bitcoin purchases, registering a crypto ETF with the SEC and announcing plans Monday to buy back up to $400 million in shares. Forbes estimates Donald Trump's net worth at $5.2 billion, with $2.1 billion tied to his 114.8 million shares in Trump Media, as of the market close on Tuesday. Most of his fortune is now tied to crypto holdings. Editor's Note In November 2023, Trump Media sued 20 media outlets, including Forbes, for reporting that included calculations of its financial results while still a private company. The defendants have moved to dismiss the claims but the case is currently ongoing. Further Reading The 3 Easy New Ways Anyone Can Funnel Money Directly To Donald Trump's Businesses (Forbes) CEO Devin Nunes Made $47 Million While Truth Social Parent Company Reported $401 Million In Losses In 2024 (Forbes) Trump Media Shares Rise After Planning Fintech Brand—Trump's Net Worth Spikes Over $200 Million (Forbes) Truth Social Hosted Party At Trump's Mar-A-Lago (Forbes) Trump-Linked SPAC Spent $10.8 Million On Legal Fees Amid Regulatory Probes (Forbes) When It Comes To Truth Social, Republicans In Congress Aren't Buying What Trump's Selling (Forbes)

Bumble shares soar after dating app announces major job cuts
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Bumble shares soar after dating app announces major job cuts

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Citi Raises Regal Rexnord (RRX) PT to $165, Keeps a Buy Rating
Citi Raises Regal Rexnord (RRX) PT to $165, Keeps a Buy Rating

Yahoo

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  • Yahoo

Citi Raises Regal Rexnord (RRX) PT to $165, Keeps a Buy Rating

Regal Rexnord Corporation (NYSE:RRX) is one of the . On June 23, Citi analyst Kyle Menges maintained a Buy rating on Regal Rexnord Corporation (NYSE:RRX) and raised the price target to $165 from $145. The firm stated that it updated its price targets and machinery views in accordance with the current environment. The company's strong financials support the optimistic outlook, as it reported diluted EPS of $0.86 in fiscal Q1 2025 and adjusted diluted EPS of $2.15 for the quarter, up 7.5% compared to the previous year. A technician inspecting a specialized industrial machinery in an engineering lab. Regal Rexnord Corporation (NYSE:RRX) delivered gains in adjusted gross margin and grew free cash flow by 32%. It also paid down $164 million of gross debt. All these factors reflect the company's solid execution and disciplined cost management. Regal Rexnord Corporation (NYSE:RRX) engineers and manufacturers industry powertrain solutions, factory automation sub-systems, electric motors and electronic controls, automation and mechanical power transmission components, air moving products, and specialty electrical components and systems. The company's operations are divided into the following segments: Industrial Powertrain Solutions (IPS), Power Efficiency Solutions (PES), and Automation and Motion Control (AMC). While we acknowledge the potential of RRX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio

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