CCL is a long term short, expect sentiment to reverse in Q4

In spite of CCL's near term revival, I believe that it is still a long term short. Look at the next few quarters as an opportunity to grab short positions for a discount.

Recession pressures will dampen earnings and the increasing cost of crude oil will deal a serious blow to CCL as it has done previously.

Personally I am looking to open a short position end of Q3, CCL tends to post strong Q3 numbers as they see some of their highest volume during the summer.

In the near term I see CCL as a potential swing trade. Definitely take advantage of the run up that seems to happen prior to each earnings, but be aware that CCL has historically dropped off the days following.