Why Carnival Corp, Royal Caribbean, and Planet Fitness Stocks All Popped 5% (or More) This Morning
Yesterday's stock market rally ended up fading to red by day's-end. But today, the S&P 500 is making up for lost time, up close to 3% at 2:30 p.m. EDT.
Some of the stocks making the biggest gains today are the same kinds of stocks that got hit hardest early on by the COVID-19 pandemic, and consumers' related avoidance of large public gatherings. Cruise operators Carnival Corp (NYSE: CCL) and Royal Caribbean (NYSE: RCL) for example, are up 5% and 10%, respectively. And gym operator Planet Fitness (NYSE: PLNT) is up 13.7%.
Believe it or not, you can probably thank Wall Street's stock analysts for this.
Source Fool.com
