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MarketFoolery

Cruise Stocks Get A Boost

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 5 October 2017

⏱️ 17 minutes

🧾️ Download transcript

Summary

Norwegian Cruise Line Holdings pops after getting added to the S&P 500 Index. Abi Malin analyzes what investors interested in cruise stocks should be looking for. Plus, we discuss the potential sale of SeaWorld Entertainment and what GrubHub means to restaurant owners.

Thanks to Bombfell for supporting The Motley Fool. Get $25 off your first purchase at http://bombfell.com/fool

Transcript

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0:00.0

Thanks to Bombfell for supporting this episode of Market Foolery.

0:03.0

Bombfell is an online personal styling service for men that helps find the right clothes for you.

0:07.0

Get $25 off your first purchase at bombfell.com.

0:11.0

That's B-O-M-B-F-E-L-L-D-L-D-L-D-L-G-O-L-G-O-O-L-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-O-O-O-O-O-O-O-O-O-O-O-O-O- Welcome to Market Foolery. I'm Chris Hill joining me in studio today from Hidden Gems, Abby Mallin.

0:25.0

Thanks for being here.

0:26.0

Thanks for having me.

0:28.0

We have sort of an aquatic theme to today's show I think it's fair to say because

0:35.7

SeaWorld Entertainment is reportedly in play and we will get to that story but we

0:40.9

have to start with Norwegian Cruise Line Holdings, which is up about 4% today

0:46.0

because Norwegian Cruise Line Holdings is going to be added to the S&P 500 Index. And any time I hear that a company is being added to the S&P 500 my first question is who's being kicked out and in this case it's not really being kicked out but level three communications

1:04.3

was in the index and it got bought by CenturyLink so the people at Standard

1:09.7

and Pours they're like hey it's not the S&P 499 index, it's the 500 index, we need someone new.

1:17.8

And you and I were talking right before we started taping.

1:21.9

First of all, this is, you know, if you own Norwegian Cruise Line Holdings, hey,

1:24.9

congratulations, you're having a good day, it's up 4%. But I think the question that we get

1:29.8

when this happens is, okay, should I now buy shares of this stock because every

1:36.8

S&P 500 index fund is adding this company so that is at least in the short term going to push it up.

1:45.0

So to someone who's like, hey, hey Abby, should I be buying Norwegian cruise lines?

1:49.0

What do you say?

1:50.0

I don't know that this event by itself is necessarily a buy indication.

1:56.6

I think this is more of just sort of a visibility.

1:58.7

I think you're going to see a lot more conversation about the stock than you have in the past

...

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