Can Cruise Line Stocks Bounce Back in June?

Stocks moved higher in May, but the same can't be said for most of the publicly traded cruise line stocks. Shares of Carnival (NYSE: CCL) (NYSE: CUK) and Norwegian Cruise Line Holdings (NYSE: NCLH) declined 1% and 4.5%, respectively, last month. Only Royal Caribbean (NYSE: RCL) inched higher, with its 10.9% gain more than doubling the general market's 4.5% ascent.

If it seems as if all of the cruise line stocks moved higher in May, it's probably because they bounced back nicely off their mid-March lows in April. The investing climate has cooled for the industry this past month, with many cruise ships struggling to repatriate crews off their vessels and cruise lines pushing out the resumption of sailings to August.

You've fared well as an investor if you were lucky to nail the bottom. All three stocks have more than doubled off their coronavirus-fueled sell-offs. However, with all but one cruise line stock taking small steps back in May, the real question now is if they can all start moving in the right direction again in June.

Source Fool.com