All articles tagged with #cruise stocks
Carnival exceeded Q4 earnings expectations with record revenue and strong 2026 guidance, leading to a rise in cruise stocks including Royal Caribbean and Norwegian Cruise Line, signaling a positive outlook for the cruise industry despite recent volatility and Caribbean market concerns.
Cruise stocks, including Norwegian Cruise Line, dropped after the company's third-quarter profit outlook fell short of Wall Street's expectations. Norwegian's shares were down over 12%, while Carnival fell more than 4% and Royal Caribbean was off about 2%. The decline is attributed to profit-taking after a strong rally, rather than underlying business weakness. Norwegian's stock has risen over 50% this year, along with other travel stocks.
While chipmaker Nvidia has gained over 50% in the past three months, making it the fourth-best performing stock in the S&P 500, the top three best-performing stocks are cruise stocks, with Carnival gaining over 80% and Royal Caribbean Group and Norwegian Cruise Line Holdings advancing about 60% each, as Americans resume prepandemic travel habits.