Why Carnival, Norwegian Cruise Line, and Virgin Galactic Stocks All Popped on Monday
Monday is looking great on Wall Street for companies involved in the travel and tourism sector -- both on Earth and above it.
As of 1:20 p.m. ET, shares of cruise line operators Carnival (NYSE: CCL) (NYSE: CUK) and Norwegian Cruise Line (NYSE: NCLH) were both cruising ahead, up 14.1% and 8.5%, respectively. Raise your gaze just a bit, and you'll see space tourism company Virgin Galactic (NYSE: SPCE) rose as well -- up 4.5%.
Carnival is enjoying the session's biggest gains, and it's no secret why. As TheFly.com reports, JP Morgan and Bank of America Securities both announced Monday that they had upgraded its shares to buy. (Technically, only Bank of America used the word buy. But JP Morgan upgraded the stock to overweight, which is basically the same thing.)
Source Fool.com