Why Cruise Stocks Sailed Higher on Thursday
Stock markets are in the green again on Thursday, with the S&P 500 rising 1.5%, and the Nasdaq up 2%. Few stocks are doing so well, however, as cruise line stocks.
As of 10:25 a.m. ET, shares of Royal Caribbean (NYSE: RCL) stock are surging ahead 6.6%, while Carnival (NYSE: CCL) is tacking on 7.5%, and Norwegian Cruise Line Holdings (NYSE: NCLH) leads the sector higher with a 9.2% gain. The question is: Why?
Carnival collects some cool cash -- but wait, is that an iceberg on the horizon? Image source: Getty Images.
Source Fool.com
