Maritime cruise company Carnival Corp. (NYSE: CCL) continues to bounce back from the pandemic's impact.

That's the take from JPMorgan Chase analysts, anyway. The bank's research arm upgraded the stock to a rating of overweight earlier this week, citing an uninterrupted recovery in demand. Bank of America followed suit, upgrading Carnival shares to a buy. Both banks also upped their expectations of Carnival rivals Norwegian Cruise Line (NYSE: NCLH) and Royal Caribbean Cruises (NYSE: RCL). The bullish calls hold water, too.

Smart investors, however, will take a step back from these bullish arguments and apply their underpinnings to the entire leisure and travel sector. Online travel agents like Booking Holdings (NASDAQ: BKNG) and Expedia Group (NASDAQ: EXPE) are riding the same bullish tide, along with several other related tickers.

Continue reading

Source Fool.com