Daily Stock Opinions and Ratings

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Jim Cramer - Mad MoneyNorwegian Cruise Line HoldingsNCLHHOLDNov 09, 2020

The Federal Reserve effectively backstopped their bonds to keep the cruise lines going until a vaccine appeared. Then, Pfizer announced positive vaccine results today and NCLH popped 27%. But this has gone as far as it can go.

Jim Cramer - Mad Money

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$21.51

Stock price when the opinion was issued

$19.83

As of Jun 17, 2026. Market Open.

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WATCH

They report Monday. Activists Elliot Management want this company to perform like its peers, Royal Caribbean and Viking. Elliot has a great track record. He suggests that NCLH sell to Disney which needs more cruise ships, and buying ships takes less than waiting 5 years for a new ship.

TRADE

It reports Tuesday. There was enormous guidance hype from Royal Caribbean, which he doesn't expect NCLH to emulate, but this could be worth a trade on Monday.

WEAK BUY

Cruise lines have all done well because travel is booming. He'd pick RCL, but thinks they'll all do well. Q3 is generally the industry's best quarter. Run up a lot already, so may see a pullback after Q3. Pent-up demand might even last into 2024.

BUY

Shut down during Covid, but the cruise stocks are bouncing back. Life is too short thesis: people can't wait to experience things.

BUY

Norwegian has a better balance sheet than Carnival and will still do well in a downturn.

COMMENT

It reports Thursday. Watch that, because rival Carnival reported brutal numbers today and crushed all the cruiseline stocks. He bets that Norwegian will have better things to say.

BUY

In the cruising sector, he prefers Norwegian because of the CEO and the low share price, which is a bargain.

BUY

He predicts NCLH will announce their order book is terrific, that demand remains there despite Covid, and he likes the CEO.

BUY

Question about CCL Norwegian has a better balance sheet.

BUY

If the Omicron variant does not slow down the economy and the market snaps back, then buy... It's committed to 100% vaccinations by passengers, so it's safe. It's been hammered, but it's a buy opportunity.

BUY

The cruise lines had a great run last year, but stalled this year. However, recently they are bouncing back. Late-July, NCLH returned to service and last weekend they had their first U.S. cruise, post-Covid, from Seattle to Alaska. By the end of this quarter, NCLH expects to operate at 40% capacity, 75% by end year's end, and 100% by April 2022. They reported last week that they are still losing money, but bookings are strong, especially for 2022. Last weekend, they won a key court case in Florida to refuse service to unvaccinated customers and crew.

COMMENT

A federal judge ruled in favour of NCLH demanding proof of vaccination from its customers. Good idea. Florida will appeal this decision, even though the Delta variant is spreading Covid like crazy.

BUY

Rising oil prices are a concern, but what really worries him is the lawsuit that Norwegian Cruise Line filed (against Florida to cease FLA's ban on vaccine passports). With the Delta variant coming, he'd buy NCLH over other cruise lines, like Carnival.

BUY

Question about Carnival Cruiselines He prefers Norwegian due to a better balance sheet, raising cash and a good CEO.

RISKY

Cruise lines are trading nowhere near January's peaks, but if they get decent earnings, it's worth a play.

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