Prospects Appear Solid: Carnival Corporation & plc (CCL)

Investors are returning to Carnival Corporation (CCL) stock after starting the COVID-19 vaccination campaign in a big way. Since last year, the company has decreased its quotes by more than 60%. Despite this, some investors believe Carnival will benefit from the reinvigorated tourist industry, and its share of the tourist market will be higher than it has been for some time.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


To restore cruise line operations, the US Centers for Disease Control and Prevention (CDC) introduced new health regulations in the fall of 2020. According to the new rules, companies have to conduct testing flights before they begin work, which checks compliance with the new sanitary standards. We have set no date for such a test cruise, Carnival officials said. However, the operator back spent its liners to the US before testing could begin. Regulatory approval is required for Carnival to resume operations.

Booking data indicates that demand for cruises has increased. A year ago, bookings during the same time were down. Almost 60% of bookings during the last quarter were new. In any worst-case scenario, Carnival said it is prepared. With $ 9.5 billion in cash, the company can continue to operate in a zero-income environment for the foreseeable future.

Further, Carnival Corporation (CCL) is planning to decommission 19 vessels to optimize its fleet. Several of them have already been discarded. By implementing this measure, total unit costs and unit fuel costs will be reduced by 2% and 1%, respectively. No matter how hard Carnival works, the resolution to the problem likely will take longer than the next few years, as it will likely depend on the severity of the outbreak.

The resumption of cruises remains a risky investment for Carnival. It depends not only on company desires and capabilities but also on regulators’ decisions and the future course of the epidemic. Investors who are patient with Carnival might see rewards if tourism picks up.

Carnival Corporation (CCL) rose by 4.00% during business on Thursday, hitting a low of $19.655 before closing at $20.67. At the close of the session, a total of 59.67 million shares were traded, representing a -16.98% decline from the average session volume, which is 51.01 million shares. CCL had ended its last session trading at $19.74.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Samuel Moore
Samuel Moore is a looked for after product and fates dealer, a choices master and expert. Samuel went through about 35 years on Wall Street, including two decades on the exchanging work area of different firms. “I have a huge Rolodex of data in my mind… such a large number of bull and bear markets. When something occurs, I don’t need to think. I simply respond. History tends to rehash itself again and again.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Does Gevo Inc. (GEVO) look like a good stock to buy?

HC Wainwright analysts upgraded their outlook for biofuel producer Gevo Inc. (NASDAQ: GEVO) last week. In the past month, the stock gained 20.97%. In...

Identifying Value and Future Vision in LiveRamp Holdings Inc. (RAMP) Stock

Apple's rejection of these cookies is causing major changes at LiveRamp Holdings Inc. (NYSE: RAMP). On February 16, Ramp shares were selling for $70.89...

Related Articles

Does Gevo Inc. (GEVO) look like a good stock to buy?

HC Wainwright analysts upgraded their outlook for biofuel producer Gevo Inc. (NASDAQ: GEVO) last week. In the past month, the stock gained 20.97%. In...

Identifying Value and Future Vision in LiveRamp Holdings Inc. (RAMP) Stock

Apple's rejection of these cookies is causing major changes at LiveRamp Holdings Inc. (NYSE: RAMP). On February 16, Ramp shares were selling for $70.89...

A New Plant In Germany Will Help BioNTechSE (BNTX) Meet the COVID-19 Vaccine Demand

The company BioNTech SE (NASDAQ: BNTX) started producing coronavirus vaccines at a new facility in Germany, which will help it increase production by around...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.