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Benzinga
Benzinga
Business
Joel Elconin

The Dynamics Behind Carnival's Q2 Earnings Rally

Carnival Carnival Corp

When an issue is in an extended downtrend and rallies off an earnings report, the next task is to determine if the rally will continue. That is what shareholders of Carnival Corp (NYSE:CC) were confronted with in Monday’s session.

Tim Quast, the founder of Market Structure Edge, joined Benzinga's "PreMarket Prep" on Monday to give his thoughts on the cruise stock, making it the PreMarket Prep Stock Of The Day.

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