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Why Carnival and Other Cruise Line Stocks Crashed Today
Yesterday I posed the question, “If Carnival misses on earnings tomorrow, what will that mean for Royal Caribbean and Norwegian Cruise Line Holdings?” Well, guess what? Turns out, Carnival Corporation (NYSE: CCL) (NYSE: CUK) did miss on earnings — badly — and as a result, not just Carnival stock but fellow cruise line stocks Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH), too, are falling hard.
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