Cruise Stocks are Cruising – Smooth Sailing or Rougher Seas Ahead?
With a record amount of the 48 contiguous states covered in snow – nearly 60%! – the idea of leaving the cold winter behind for a warm cruise sounds appealing. Truth is, it’s been appealing for a while now. The cruise industry roared back after the devastating COVID shutdowns. Consumers booked a ton of trips last year, and stocks of cruise lines shot higher. Royal Caribbean (RCL) was the clear winner with its 160% surge, ahead of Carnival’s (CCL) 130% rally and Norwegian Cruise Line’s (NCLH) 61% pop.
