Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Cruise Lines Sailing Into Treacherous Waters

Published 04/08/2021, 03:26 PM
Updated 07/09/2023, 06:31 AM

I believe the entire cruise industry has topped out; each of these three cruise giants have stalled beneath years of overhead supply and, I believe, are sailing into treacherous waters:

Carnival (NYSE:CUK) Corporation (NYSE:CCL):

Carnival Corporation Chart.

Royal Caribbean Cruises Ltd (NYSE:RCL):

Royal Caribbean Cruises Chart.

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH):

Norwegian Cruise Line Chart.

Latest comments

Hi
Cruises are solely a discretionary purchase. They are not a necessity. If the home port is not in your native land the transportation hassles do not make cruising a desirable vacation choice. Cruise companies are not going to be making money for a long time!
I am so sick and tired of Tim Knight’s calls that everything has hit its cap and is going to tank. How many of these predictions does he actually get right? Does he ever put his money on these calls? If so, he surely wouldn’t be buoyant. We’re tired if these lame articles. This ship has sailed. Please throw his laptop overboard. (Nothing personal Tim)
People saying these companies are overvalued don't quite understand competitive advantage.
Just by staying alive these 3 companies have cornered the cruise market, globally.
the fact that they are still buoyant at all is a surprise to me.
Bought CCL 14 to 11.80 level Apr May end of Oct 2020. I've got time to hold these.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.