Why Your 2021 Resolution Should Be to Buy More Cruise Stocks
The coronavirus pandemic brought the booming business of cruising to a sudden halt earlier this year. Ever since, the top cruise companies together have been burning through about $1 billion a month to keep their ships and businesses afloat. These players' share performance reflected the turmoil. Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) declined 57%, 45%, and 56% in 2020, respectively.
We shouldn't expect an immediate turnaround anytime soon. It still is unclear when cruising will resume, and even once that happens, it will take time for cruise companies to return to profitability. But if you're an aggressive long-term investor, you'll want to get in on these stocks before they rebound. And that means 2021 is the time to start stocking up.
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Source Fool.com
