Why Cruise Ships Are Going Full Speed Ahead Today
A rising tide lifts all boats, and that's what's literally occurring today as Carnival (NYSE: CCL)(NYSE: CUK) reported a second-quarter business update that's got Royal Caribbean (NYSE: RCL) and Norwegian Cruise Lines (NYSE: NCLH) also riding the wave higher.
Yet while Carnival said revenue, booking volumes, and occupancy are all on the rise, it's the shares of its rivals that are jumping higher. Where Carnival stock is up 9.9% at 11:16 a.m. ET on Friday, shares of Royal Caribbean are running 12.7% higher and Norwegian is up 11.6%.
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Source Fool.com
