With a positive outlook for the cruise industry starting to offset negative sentiment, investors are wondering if it is time to initiate or add to existing positions in cruise line stocks.

Let's take a look at two major players in the cruise industry and determine which of these two iconic companies makes a better buy in today's market.

Down more than 83% from its pre-pandemic highs, and 88% below its all-time high, Carnival (NYSE: CCL) now trades in a price range first reached by the stock in the 1990s. Is it time to buy the dip or abandon ship?

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Source Fool.com