Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Cruise Line Stocks Are Sailing Slower Today

TheMotleyFool

0 0

Why Cruise Line Stocks Are Sailing Slower Today: https://g.foolcdn.com/editorial/images/691871/mother-and-daughter-on-a-cruise-ship-pointing-into-the-distance.jpg

Cruise line stocks got off to a slow start Monday, retreating modestly in late morning trading despite no particularly bad news having come out (yet).

As of 11:25 a.m. ET, shares of Carnival Corporation (NYSE: CCL) (NYSE: CUK) are down 2.5% and Norwegian Cruise Line Holdings (NYSE: NCLH) has slipped 2%. Royal Caribbean (NYSE: RCL) is least worse off today, suffering only a 1.6% loss.

But why are cruise stocks falling at all today, in the absence of bad news? The answer, I fear, is that while bad news has not surfaced yet, it may be lurking just over the horizon -- and investors are right to be cautious today.

Source Fool.com

Like: 0

CCL

Share