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Why Carnival, Royal Caribbean, and Norwegian Cruise Line All Surged Today
Shares of Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) all surged on Friday, with the stocks up 5.1%, 4.7%, and 5.3%, respectively, as of 1:07 p.m. ET. Cruise stocks surged after Stifel analyst Steven Wieczynski declared 2022 was going to be the “Year of the Cruise!” No wonder the three top publicly traded cruise stocks surged on the back of that declaration. Given that cruises “massively underperformed” versus other reopening stocks last year, Wieczynski likes the setup for cruise stocks as top choices for investors playing the continued reopening in 2022.
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