Royal Caribbean Stock Is Up 112% This Year, but Can the Momentum Continue?
When the pandemic eased, it seemed everyone wanted to travel. Hotel and airplane prices started to soar as consumers -- especially Americans with pent-up stimulus savings -- were free to spend their money. Investors noticed and started buying shares of these stocks on a reopening theme.
This theme has continued into 2023, and one of the biggest beneficiaries has been Royal Caribbean Cruises (NYSE: RCL). The leading cruise company is up 112% so far in 2023 as its revenue, bookings, and profits continue to grow.
A booming share price has made Royal Caribbean one of the top-performing stocks in the S 500. But does that mean you should hop on the reopening train and buy shares?
Source Fool.com
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