3 Things Holding Back Cruise Line Stocks Right Now
Investors who nailed the bottom in cruise line stocks are sitting pretty these days. Carnival (NYSE: CCL) (NYSE: CUK) has soared 78% as of Monday's close since bottoming out in early April. Royal Caribbean International (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) hit their lows in mid-March, shortly after docking their fleets. Since then, Norwegian Cruise Line has risen 67%, and it's the laggard of the lot. Royal Caribbean has nearly doubled, leading the pack with a 98% bounce.
It's easy to assume that the worst, like a losing night at a floating casino or eating some bad sushi from a midnight buffet, is in the past. But there are still a few things that are far from settled at the three publicly traded cruise line operators. Let's see what needs to be resolved before we can really start calling this a turnaround.
Image source: Carnival.
Source Fool.com
