Could Carnival Cruises Be a Millionaire-Maker Stock?
You can't hop on a Carnival (NYSE: CCL) (NYSE: CUK) cruise these days, but you can hop on Carnival stock. Shares of the world's largest cruise line operator reflect the uncertainty that the industry has been experiencing since the pandemic nixed sailings. The stock has fallen 65% this year through Thursday's close.
It's not all bad news for Carnival, though. The first of its ships to resume passenger voyages set sail in Italy this weekend. The Costa cruise is limited to locals and will only call on Italian ports, but it's the first baby step in a long journey to recovery. Can Carnival stock overcome the red ink, suspended dividend, and uncertain future? Let's see if Carnival has what it takes to be a millionaire-maker stock.
Image source: Carnival.
Source Fool.com
