Could Carnival Cruises Be a Millionaire Maker Stock?
Carnival (NYSE: CCL)(NYSE: CUK) took delivery of its newest vessel, Mardi Gras, last month, and it won't be just another cruise ship. Mardi Gras will be the first in Carnival's fleet powered by liquefied natural gas, a more environmentally friendly and right now cheaper energy source than heavy fuel oil or marine gas oil.
It's not just the fuel source that will make Mardi Gras different when it takes on its first passengers in April or later this year. Beyond a suite of new tech it will also be the first cruise ship with an actual roller coaster. Carnival's new ship is going to turn heads, but investors are used to roller coasters. Carnival was a wild white-knuckled ride in 2020.
The stock began last year perched above $50, collapsing below $8 in March when the pandemic shut down its operations. It clawed its way back just above $20 by the end of 2020, but what will 2021 bring to investors in the world's largest cruise line operator? Let's see if Carnival can be a millionaire maker stock.
Source Fool.com
