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Monday’s Biggest Moving Stocks

Cruise ship stocks may move big on Monday to start the week. Some cruise operators are modifying their itineraries to avoid the conflict in the Red Sea.
Watch Royal Caribbean (RCL) and Carnival (CCL) today.

The U.S. FDA’s findings of manufacturing lapses at an Eli Lilly (LLY) plant might pressure the stock today. The obesity drug giant trades at excessive P/E multiples and is near a 52-week high.

In the banking sector, sources reported that Warren Buffett told Citigroup (C) to continue with the reorganization. The aggressive job cut is demoralizing for bank workers. C stock dipped back to $51.52 after the Q4 earnings report. Watch for markets to buy the stock today, attracted by the low forward P/E multiple and earnings growth through cost cuts.

In the airline sector, news that Boeing’s (BA) 747 cargo plane made an emergency landing after an engine fire on Jan. 19, 2024 could halt the stock rally. BA stock is approaching resistance at the 200-day simple moving average. Aerospace investors may want to consider companies that benefit from conflict. RTX (RTX) is building support at $85.50. Lockheed Martin (LMT) trades in a narrow range at $450 – $457, while L3Harris (LHX) has strong buying support at around the $200 price level.

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