 Dear Reader, Over the past 25 years, I've made it my mission to speak up when something feels off in the markets. A month before the dot-com bubble burst, I published a warning essentially saying: "This can't last." In 2008, I rang the alarm on housing calling the fall of Bear Stearns and Lehman Brothers. I've exposed shady CEOs, market frauds, and financial bubbles before most investors saw the cracks. Eventually, CNBC gave me a nickname I didn't ask for: "The Prophet." But what I see happening right now... it's much bigger. Some are even calling it, "The bubble to burst them all." And that's why I've stepped forward in a way I never have before... to show you exactly what's coming... and how to stay on the right side of it. Because if I'm right again – and I've put together all my proof for you – this may be your final chance to prepare. Click here to see the full details while there's still time. Regards, Whitney Tilson
Editor, Stansberry's Investment Advisory
Today's Exclusive News What a "Normal" Economy Could Mean for These 3 Travel StocksReported by Chris Markoch. Originally Published: 1/2/2026. 
Key Takeaways- Travel and leisure stocks could benefit from a “normal” economy as sector rotation puts an emphasis back on companies with solid fundamentals.
- Carnival, Booking Holdings, and Marriott show improving earnings trajectories and potential upside into 2026.
- Analysts forecast earnings growth above historical averages, signaling renewed confidence in consumer travel demand.
What would a "normal" economy look like in 2026? For starters, many investors want the recent sector rotation to continue. That would allow growth to expand beyond the tech sector, and specifically beyond stocks tied to the artificial intelligence (AI) trade. It's been a wild ride for the most part. Outside the Magnificent 7, many stocks haven't been trading on fundamentals; for too many companies, profitability is years away — or may never arrive — and several generate little to no revenue. Buy This AI Stock Tomorrow Morning?
A former hedge fund manager known for spotting early winners is sounding the alarm once again. He called Netflix at $7.78 (up 4,200% since), Apple at $0.35 (up 20,000%), and Amazon at a split-adjust $2.41 (up 3,200%). Now he's turning his focus to a little-known AI company that just earned a near-perfect score in his new proprietary stock grading system. In a brand-new presentation, he reveals the name, ticker symbol, and why this could be the smartest AI move of the year... especially if you're over 50. Click here to watch it before word gets out. Sector rotation would return fundamentals to the fore. One industry likely to receive renewed scrutiny is travel and leisure. Despite concerns about consumer finances, travel demand has remained strong. That resilience supports the idea that many travel stocks could revert toward their historical averages for earnings growth. Earnings growth is the single best predictor of stock price appreciation. But with the economy anything but normal over the past five years, it's been difficult for buy-and-hold investors to stick with mature-growth companies — and for traders to stay long. A more normalized earnings backdrop could change that risk dynamic for both investors and traders. Here are three names to watch. Carnival Cruise Lines: Normalization Could Drive Earnings RecoveryIf you owned shares of Carnival Corporation (NYSE: CCL) five years ago, you'd be pleased to see a gain of more than 41%. The stock cratered in 2020; a later revenge-travel rebound was tempered as consumers faced pressure from inflation and higher interest rates. The stock remains well below pre-pandemic levels, but improving earnings make the turnaround believable. Over the last five years Carnival posted negative average annual earnings per share (EPS) growth of roughly 19%. Still, 2024 marked a return to profitability: the company reported a full-year record for net income and a 20-year high in return on invested capital (ROIC). Carnival has also made meaningful progress paying down the large debt it took on in 2020 and recently reinstated its dividend. Analysts forecast earnings growth of about 18% in 2026 based on strong bookings — well above the company's 10-year average, which has been flat to slightly negative. The past five years have been extreme; a return to a more normal environment would be a positive development for Carnival and its shareholders. Booking Holdings: AI-Enhanced Efficiency Supports Steady GrowthBooking Holdings Inc. (NASDAQ: BKNG) has rewarded shareholders with a gain of more than 140% over the last five years, driven by strong earnings growth that averaged over 83% in the most recent three-year period. Normalized earnings growth in 2025 helps explain why BKNG was only up about 7.7% that year. The company's business model remains sound and is being enhanced by AI tools that improve efficiency. 2026 is likely to be another earnings-driven year for BKNG. As 2025 closed, analysts set a consensus price target of $6,149.93 — roughly a 14.8% upside — supported by expected earnings growth of just over 18%. That pace is materially higher than the company's roughly 14% average EPS growth over the past decade. Booking Holdings isn't for every investor: the high share price can be off-putting, and it trades at a price-to-earnings (P/E) ratio near 34x, a modest premium to its historical average. The company has said it does not plan to split the stock, a deliberate choice to encourage long-term ownership. For those willing to hold, it has been a strong compounder. Marriott: Luxury Positioning May Anchor Demand in 2026Even an 18.5% rally in the last three months of the year wasn't enough to keep Marriott International (NASDAQ: MAR) from lagging the broader market. Still, shareholders enjoyed about 11% share price growth, plus a dividend yielding 0.83% at year end. Marriott's growth has been supported by a strategic shift toward higher-end, luxury travelers — a segment that tends to be less price sensitive and more likely to prioritize travel spending. The 11% gain lags the roughly 27% average five-year return. As with the others, this is largely an earnings story: Marriott's average EPS growth surged to about 36% over the last three years as travel demand climbed, while a more normalized pace over the past decade has been nearer 12%. Analysts project EPS growth around 15.8% in 2026, and sentiment is generally bullish. As a mature company, MAR is generally a buy-and-hold stock rather than a trading vehicle. It currently trades at a slight premium, which may prompt investors to seek a better entry point. Marriott reports fiscal Q4 2025 results in February, which should offer clearer guidance on earnings expectations for 2026.
This ad is sent on behalf of Stansberry Research, 1125 N Charles St, Baltimore, MD 21201. If you would like to optout from receiving offers from Stansberry Research please click here. | 
No comments:
Post a Comment