Royal Caribbean is a little better than Carnival, but all these stocks will benefit from the coming travel boom and economic reopening. Keeping ships at port is a big expense over all these months. There's 20-25% recovery left in the cruiselines. He bought at the bottom and has sold some. There's still upside here, but it's a higher risk stock. Sure, some travelers will never cruise again, but once vaccines are in place enough will come back. Cruiselines have recovered from past health scares.
(Past Top Pick May 4, 2018, Up 21%) It did poorly in the first half of the year on concerns of capacity additions, but it has come back. He still holds it. As long as the economy is strong, this will continue to do well. But trim if the economy pulls back.
(A Past Top Pick on Sept. 20, 2017, Down 4%) He still owns it and believes it will go higher long-term. Headwind: this spring, oil prices started to rise, and the market got worried that we're in the peak of the cycle. But the business is growing 6% annually in volumes, and the Chinese are getting into this business.
Royal Caribbean Cruises is a American stock, trading under the symbol RCL-N on the New York Stock Exchange (RCL). It is usually referred to as NYSE:RCL or RCL-N
In the last year, 2 stock analysts published opinions about RCL-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Royal Caribbean Cruises.
Royal Caribbean Cruises was recommended as a Top Pick by on . Read the latest stock experts ratings for Royal Caribbean Cruises.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Royal Caribbean Cruises In the last year. It is a trending stock that is worth watching.
On 2023-01-26, Royal Caribbean Cruises (RCL-N) stock closed at a price of $63.93.