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☆ 4 people have gone overboard on cruise ships this summer. Here's why most cruise lines don't use technology that could've helped save them.
▼ + stars: | 2023-08-24 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. At 6:36 p.m. — more than 12 hours after Peale fell overboard — Carnival contacted the Coast Guard, according to the agency. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. Legislation without regulationThe US Coast Guard does not check for man-overboard image capture or detection technology during compliance inspections of cruise ships. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Royal Caribbean's, Princess Cruises, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ The first large cruise ship built in China complete with a water park, a brewery, and 5G will sail this year — see inside
▼ + stars: | 2023-08-22 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Adora Cruises' first ship, the Adora Magic City, will sail later this year as China's first locally built large cruise vessel. A new Carnival Corp cruise ship will hit the seas later this year. In 2015, state-owned China State Shipbuilding Corp (CSSC), the country's wealth fund China Investment Corp, and the recognizable Carnival Corp set up a contract to create a Hong Kong-based cruise company. A few years later, CSSC's Cruise Technology Development arm and Carnival announced its joint venture: Adora Cruises. But unlike Carnival's eponymous cruise line, Adora Cruises — formerly known as CSSC Carnival Cruise Shipping Limited — will only be servicing the Chinese cruise market.

Organizations: Cruises, Carnival Corp, China State Shipbuilding Corp, China Investment Corp, Corp, CSSC's Cruise Technology Development, Carnival, Adora, Cruise Shipping Locations: Magic, China, Hong Kong

The logo of the company Royal Caribbean is seen on the 'Wonder of the Seas' cruise ship, the world’s largest cruise ship, docked at a port in Malaga, southern Spain, April 30, 2022. Cruise operators lowered prices to lure passengers onboard following the pandemic, banking on onboard spending that has now reached record levels. Onboard spending in the second quarter rose 49.9% for Norwegian Cruise Lines (NCLH.N), compared with the same period in 2019, before the pandemic. Onboard spending rose about 36.8% for Royal Caribbean Cruises and 17.2% for Carnival in the same period. Carnival and Royal Caribbean said the percentage of guests who were new to cruising surpassed 2019 levels.

Persons: Jon Nazca, Patrick Scholes, Josh Weinstein, Bob Levinstein, Cruise, Carnival's Weinstein, Jason Liberty, Brandt Montour, Granth, Anil D'Silva Organizations: Royal, REUTERS, Royal Caribbean Cruises, Carnival Corp, Carnival, Cruise, Norwegian Cruise Lines, DISNEY WORLD, Walt Disney, Custom Travel, Reuters Graphics, Cruise Lines International, . Carnival, Barclays, Thomson Locations: Royal Caribbean, Malaga, Spain, U.S, Caribbean, Orlando , Florida, They've, Bengaluru, Doyinsola, New York

Analysts point to receding recession concerns and the prospect of a less aggressive policy stance from the U.S. Federal Reserve as factors fuelling hopes for a broader market rally. The second quarter earnings season has started positively for cyclical sectors, with over a quarter of the global companies announcing their results so far, Refinitiv Eikon data showed. "The upcoming earnings season has the potential to broaden the rally for sure. However, there are plenty of laggards especially in cyclical sectors such as financials and consumer discretionary, which are available at attractive valuations, analysts say. Over the past month, the communication services, mining and financial sectors have all posted about 5% gains, outpacing the tech sector's modest 2% rise.

Persons: Puneet Singh, Singh, Alastair Pinder, Derek Izuel, Patturaja Murugaboopathy, Noel Randewich, Vidya Ranganathan, Alison Williams Organizations: U.S . Federal Reserve, Reuters, Societe Generale, Carnival Corp, Equity, Nasdaq, Intelligence, Royce, Reuters Graphics Reuters, HSBC Research, Shelton Capital Management, Thomson Locations: U.S, Singapore, Asia, Europe, California

☆ Cruises are increasingly adopting the strategy of budget airlines: Get ready to pay more for all the extras.
▼ + stars: | 2023-07-30 | by ( Brittany Chang | ) www.businessinsider.com time to read: +9 min

Cruise lines are seemingly adopting the budget airline model: Charge a base fare and pile on extras. Newer cruise ships have "more opportunities to upsell" with restaurant and entertainment options. In fact, cruise lines have told their investors recently that passengers are embracing these add-on costs — and enhancing their bottom lines. "Cruise lines are creative to try to make you forget you actually bought some things nine months ago," Scholes said. Cruise lines are trying to cut costs at the same timeThe cost of drink packages have been increasing on some cruise lines.

Persons: Brittany Chang, Patrick Scholes, Guy, Scholes, Silversea, It's, it's, Josh Weinstein, Tynan Smith, Kara Wallace, Royal Organizations: Cruise, New, Truist Securities, Norwegian Cruise Line, MSC Cruises, Royal, Royal Caribbean Group, Royal Caribbean, Carnival Corp, Street Journal, UBS, Royal Caribbean's Locations: New York City, Norwegian, Royal Caribbean, Royal, Brittany

July 27 (Reuters) - Royal Caribbean Group (RCL.N) raised its full-year profit forecast on Thursday, betting on higher ticket prices and resilient demand for leisure travel from affluent customers, sending shares surging. Royal Caribbean's shares were up 8.1% at $109.01 in premarket trading as it also forecast third-quarter adjusted profit above estimates. The company expects an adjusted profit between $3.38 and $3.48 per share in the third quarter, compared with estimates of $2.89 per share. Royal Caribbean expects annual adjusted profit between $6.00 and $6.20 per share, compared with its earlier forecast of $4.40 to $4.80 per share. Shares of rival operators Carnival Corp and Norwegian Cruise Line Holdings rallied in tandem following Royal Caribbean's results, gaining 5.2% and 4.7%, respectively.

Persons: Caribbean's, Jason Liberty, Granth, Shounak Dasgupta Organizations: Royal Caribbean Group, Royal Caribbean, Carnival Corp, Cruise Line Holdings, Thomson Locations: Royal Caribbean, Bengaluru

☆ Wall St sees bargains and lure of Europe buoying cruise, hotel earnings
▼ + stars: | 2023-07-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +4 min

Passenger ticket and onboard spending revenue is expected to increase 66% and 36%, respectively. Cabin bookings in the second quarter were up 58% compared to this time last year. For Carnival, booking volumes in the second quarter were 17% higher than in 2019, Carnival CEO Josh Weinstein told investors in June. Meanwhile, investors will be watching if record nightly rates for on-shore accommodations can offset revenue in the second quarter. Hotel and short-term rental rates were about 18% and 35% more expensive in the second quarter than in 2019, according to analytics firms CoStar and AirDNA.

Persons: Brandt Montour, McKinsey, Sylvia Jablonski, Patrick Scholes, Josh Weinstein, AirDNA, Hilton, Doyinsola Oladipo, Granth, Susan Heavey Organizations: YORK, Investors, Hilton Worldwide Holdings, Royal Caribbean Cruises, Barclays, Royal, Carnival Corp, Cruise Line Holdings, Airlines, Cruises, Cruise, Truist Securities, Thomson Locations: Europe, United States, AirDNA . U.S, Asia, New York, Bangalore

☆ 63 cruise ships owned by Carnival Corporation released more toxic sulfur gasses than all the cars in Europe, study says
▼ + stars: | 2023-07-05 | by ( Hannah Towey | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

63 cruise ships owned by Carnival Corp. emitted more sulfur oxides than all the cars in Europe in 2022. The cruise industry is investing in alternative energy sources such as LNG fuel and shore power. Though the IMO rule slashes the sulfur emissions of individual ships, it has done nothing to limit the increasing number of cruise ships in recent years. Compared to 2019, cruise ships are also spending more time at European ports and consuming more fuel, per the report. As a result, cruise ships overall emitted 9% more sulfur oxides in 2022 than in 2017, according to Transport & Environment.

Persons: MIGUEL MEDINA, Robert Rohde, — Dr, We're Organizations: Carnival Corp, European Federation for Transport, Environment, Carnival Corporation, International Maritime Organization, Transport & Environment, Cruise, Carnival Locations: Europe, Venice, AFP, Berkeley, Paris, New, York

It helped that Treasury yields fell in response to cooling inflation, said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, Texas. The Fed might have a better-than-we-thought shot of threading the needle and cooling inflation without killing the economy in the process," said McKinney. The Nasdaq 100 index (.NDX) of top technology stocks boasted its biggest first half gain on record, adding around 39%. For the week, the S&P 500 added 2.35% while the Nasdaq added 2.20% and the Dow climbed 2.02%. For the quarter, the S&P 500 added 8.3% while the Nasdaq climbed 12.8% and the Dow rose 3.4%.

Persons: Burns McKinney, McKinney, Brendan McDermid, Dow, Russell, Hawkish, Jerome Powell, Jefferies, Sinéad Carew, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Ganguli, David Gregorio Our Organizations: Apple, Nasdaq, Dow, Apple Inc, Investors, Federal Reserve, Commerce Department, April's, NFJ Investment, Dow Jones, Reuters Graphics Traders, New York Stock Exchange, REUTERS, Microsoft, Nvidia, Nike Inc, Carnival Corp, Thomson Locations: Dallas , Texas, New York City, U.S, New York, Bengaluru

Investors perked up on signs of cooling U.S. inflation from measures that are closely watched by the Federal Reserve. Excluding volatile food and energy, the core PCE index gained 0.3%, down from 0.4% in the previous month. It helped that Treasury yields fell in response to cooling inflation, said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, Texas. The Fed might have a better-than-we-thought shot of threading the needle and cooling inflation without killing the economy in the process," said McKinney. The CBOE Market Volatility Index (.VIX), Wall Street's fear gauge, earlier slipped to a one-week low at 12.96 points.

Persons: Apple, Burns McKinney, McKinney, Russell, Hawkish, Jerome Powell, Jefferies, Sinéad Carew, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Ganguli, David Gregorio Our Organizations: Nasdaq, Apple Inc, Investors, Federal Reserve, Commerce Department, April's, NFJ Investment, Dow Jones, Reuters, Microsoft, Nvidia, Nike Inc, Carnival Corp, Thomson Locations: Dallas , Texas, U.S, New York, Bengaluru

☆ Futures rise ahead of inflation data
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Nike slides after downbeat Q1 sales outlookApple up as Citigroup starts coverage with "buy"May PCE data due at 8:30 a.m. "The backdrop for equities is still no recession, inflation is sticky and financial conditions are still loose. "Key risks ahead for U.S. equities remain potential expanded export controls on AI chips and the upcoming Q2 earnings season." The Fed's preferred inflation gauge, the Personal Consumption Expenditure index (PCE) for May, will be released at 8:30 a.m. Adobe (ADBE.O) slipped 0.8% after UK's competition regulator ordered a second round of review of its deal to buy Figma.

Persons: Jerome Powell, Peter Garnry, Jefferies, Sruthi Shankar, Johann M, Shinjini Organizations: Nike, Apple, Citigroup, Dow, Federal Reserve, Saxo Bank, Nasdaq, Reuters, Traders, Dow e, Nike Inc, Apple Inc, Carnival Corp, Thomson Locations: U.S, North America, Bengaluru

Helped by gains in Apple, technology stocks (.SPLRCT) rose 1.6% and led advance among the 11 major S&P 500 sectors. Excluding the volatile food and energy components, the PCE price index gained 0.3%, down from 0.4% in the previous month. Despite a recent streak of losses, the three main U.S. indexes were on course to end June and the second quarter on a high note as investors expect the Fed's aggressive tightening will not derail the U.S. economy. The CBOE Market Volatility Index (.VIX), Wall Street's fear gauge, slipped to a one-week low at 13.48 points. The S&P index recorded 67 new 52-week highs and no new lows, while the Nasdaq recorded 76 new highs and 24 new lows.

Persons: we're, Peter Andersen, Jerome Powell, Jefferies, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Organizations: Nike, Apple, Dow, Nasdaq, Apple Inc, Commerce Department, Andersen Capital Management, Traders, Dow Jones, Treasury, Nike Inc, Carnival Corp, NYSE, Thomson Locations: Boston, U.S, Bengaluru

☆ These were the top 10 performing stocks in the S&P 500 in the first half of 2023
▼ + stars: | 2023-06-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks have surged in 2023, with the S&P 500 entering a new bull market after a difficult 2022. These were the top 10 performing S&P 500 stocks in the first half of 2023. Much of the gains have been driven by hype around artificial intelligence, but the top 10 performing stocks aren't only tech names. From home builder companies to cruise line operators, these were the top 10 performing S&P 500 stocks in the first half of 2023. Royal Caribbean CruisesThe Blaster, Royal Caribbean Cruise Ships Royal Caribbean PressTicker: RCLYear-to-date gain: 105.5%4.

Persons: —, Hussein Faleh, Jenn Austin, Lisa Su Steve Marcus, Tesla Tesla, Nvidia Jensen Huang, Rick Wilking Organizations: Service, Nasdaq, General Electric General Electric, GE, Cruise, Reuters, Palo Alto, Royal Caribbean Cruises, Royal Caribbean Cruise Ships Royal Caribbean Press, Carnival Corporation, Nvidia, CES Locations: Las Vegas , Nevada, U.S

☆ Investors look to next week's key inflation data after rally in stocks stumbles
▼ + stars: | 2023-06-23 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

The Dow Jones Industrial Average , the S & P 500 and the Nasdaq lost more than 1% each for this holiday-shortened week. This coming week will feature some key inflation data to keep an eye on. On Tuesday, the May housing starts report was released, coming in much stronger than expected, at a 1.63 million seasonally adjusted annual rate (SAAR), versus 1.39 million SAAR expected. Building permits were also above expectations at a1.49 million SAAR versus 1.43 million SAAR expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jerome Powell, Jim Cramer, he's, Jefferies, JEF, Mills, HB Fuller, Jim Cramer's, Jim, Spencer Platt Organizations: Federal, Dow Jones, Nasdaq, Constellation Brands, Corp, Walgreens Boots Alliance, Micron Technology, Gross, Aid, McCormick &, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, SAAR

The growth in bookings is largely driven by pent-up demand from loyal customers returning to taking summer vacations and other leisure travel, said the analysts. JPMorgan upgraded Carnival shares to "overweight", while Bank of America raised its rating on the stock to "buy", and the analysts raised their price targets on all the three cruise companies. Carnival shares rose 14% to a more than 1-year high in early trading on Monday while Norwegian Cruise gained nearly 8%. The S&P 500 Hotels Resorts & Cruise Lines Sub-Industry Index was up 0.9% led by gains in cruise stocks. Commercial airline shares were also making gains on Monday amid falling crude oil prices and growth in demand for seats.

Persons: Chibuike Oguh, Granth Vanaik, Stephen Culp, Lance Tupper, David Gregorio Our Organizations: YORK, Carnival Corp, Cruise Line Holdings, JPMorgan, Bank of America Global Research, Carnival, Royal Caribbean Cruises, Bank of America, Norwegian Cruise, Royal, Hotels Resorts, Cruise, Southwest Airlines, Hawaiian Holdings, American Airlines, Thomson Locations: Royal Caribbean, New York

☆ Saudi Arabia's Public Investment Fund just reshaped professional golf with the PGA Tour-LIV merger. That's just the start
▼ + stars: | 2023-06-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The Saudi Public Investment Fund is a government-controlled fund that has $650 billion in assets under management, according to its most recent filing. A state-owned investment fund like the PIF is not unique. Critics of LIV Golf accused the Saudis of backing the new tour as a form of “sportswashing” its reputation. For example it’s not clear exactly how much it invested to start up LIV Golf. CNN has not been able to confirm that report, but what is known is that LIV Golf tournaments have been held on Trump Organization properties.

Persons: petro, LIV Golf, LIV, Yasir Al, Rumayyan, Cristiano Ronaldo, Karim Benzema, ”, Elon Musk, Jared Kushner, Donald Trump’s, Kushner, Mohammed bin Salman, Bin Salman, Jamal Khashoggi, – CNN’s Coy Wire, Jack Bantock, Steve Almasy Organizations: New, New York CNN, Saudi, Saudi Public Investment Fund, Sovereign Wealth Fund, PGA, Soccer, Saudi Aramco, Newcastle United, Saudi Pro League, CNBC, Electronic Arts, EA, Activision Blizzard, Ticketmaster, Carnival Corp, Twitter, Washington Post, CNN, Trump Organization, US State Department, Congress Locations: New York, Europe, Saudi, English, Al, Saudi Arabia, al Qaeda

The markets are headed toward a positive week and certain stocks stood out from the rest. The S & P 500 and Nasdaq Composite were up 1.5% and 2.9% week to date, respectively. Regional bank stocks were among this week's most notable gainers after a difficult few weeks. Regional bank stocks Comerica and Zions Bancorporation saw the largest gains this week, with shares surging 22.7% and 21.8%, respectively. Semiconductor design company Synopsys ' stock jumped 12.5% week to date and hit a new 52-week high Friday.

☆ Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand
▼ + stars: | 2023-05-01 | by ( Ananya Mariam Rajesh Anne Florentyna Gnanaraja Sekar | Ananya Mariam Rajesh | Anne Florentyna Gnanaraja Sekar | ) www.reuters.com time to read: +2 min

loss per share of 30 cents vs loss est. of 41 centsCompany says it sees "strong consumer demand"May 1(Reuters) - Norwegian Cruise Line Holdings Ltd (NCLH.N) raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on higher ticket pricing, pent-up demand and robust on-board spending from wealthy customers. Norwegian, which mostly caters to the affluent, has also been raising prices of its tickets to offset the impact from higher costs of fuel and food due to supply chain snags worsened by the Russia-Ukraine crisis. The company expects 2023 adjusted profit of 75 cents per share, compared with its earlier forecast of about 70 cents per share. Shares in the company were up about 1% in premarket trade, paring some gains after it forecast second-quarter adjusted earnings per share below estimates.

☆ Stocks making the biggest moves premarket: Lululemon, Paychex, Micron Technology and more
▼ + stars: | 2023-03-29 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Lululemon – Lululemon shares surged more than 16% before the Wednesday open after posting a strong holiday quarter and sharing upbeat guidance for the current fiscal year. The athleisure wear company reported adjusted earnings of $4.40 a share on $2.77 billion in revenue and said same-store sales climbed by 27%. Carnival Corp — Shares of the cruise line climbed 2.5% in premarket trading after Susquehanna upgraded Carnival to positive from neutral. Micron fiscal second quarter results missed analyst expectations on both the top and bottom lines, according to Refinitiv consensus estimates. Paychex Inc. — Shares of the payroll services company were up nearly 3% premarket ahead of fiscal third-quarter earnings due after the close on Wednesday.

☆ Stocks making the biggest moves midday: Micron, Paramount, McCormick and more
▼ + stars: | 2023-03-28 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading Tuesday. Micron Technology — The semiconductor stock was down 2.8% ahead of its scheduled second-quarter earnings report after the bell on Tuesday. Paramount — Shares of the media giant gained 3.6% during midday trading on a rating upgrade from Bank of America from neutral to buy. McCormick & Company — The spice maker's stock price jumped about 10% during midday trading after reporting better-than-expected earnings for the first quarter. Walgreens posted revenue of $34.86 billion for the most recent quarter, compared to analysts' estimates of $33.53 billion, according to Refinitiv.

☆ Republicans are more likely to go on a cruise right now than Democrats
▼ + stars: | 2023-03-28 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

A recent survey suggests Republicans are more likely to take a cruise right now than Democrats. In a December 2022 survey of 1000 US adults, 35% of Republican respondents said they were "very comfortable" going on a cruise today, a level of enthusiasm shared by only 12% of Democrats. On the flip side, 40% of Democrat respondents said they were "very uncomfortable" going on a cruise ship, nearly double that of Republican respondents. Taking a cruise vacation wasn't always politically polarized — 16% of Democrat respondents said they had gone on a cruise prior to the COVID-19 pandemic, just a few percentage points less than Republican respondents. With this month marking three years since the onset of the pandemic, industry executives claim cruise demand has officially returned to 2019 levels.

☆ Carnival’s Ship Will Come In Eventually
▼ + stars: | 2023-03-27 | by ( Spencer Jakab | ) www.wsj.com time to read: 1 min

The outlook for Carnival presented Monday was encouraging. Unlike its customers, Carnival Corp. shareholders should focus on the destination, not the journey. Many expected the world’s largest cruise line to be profitable again three years after the arrival of the Covid-19 pandemic with so much of the tourism and leisure sector booming. They will have to wait a little bit longer for this very capital-intensive business to get there. The company lost money in its fiscal first quarter ended Feb. 28 and might still be in the red for the year as a whole as it unloads the financial ballast picked up since the global health emergency.

☆ We've seen no sign of slowdown, says Carnival Corp CEO Josh Weinstein
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've seen no sign of slowdown, says Carnival Corp CEO Josh WeinsteinCNBC's Sara Eisen talks to Carnival Corp CEO Josh Weinstein on 'Squawk on the Street' to discuss his thoughts on the company's future as it beat Q1 estimates.

March 27 (Reuters) - Cruise operator Carnival Corp (CCL.N), (CCL.L) on Monday reported a smaller-than-expected quarterly loss and beat estimates for revenue, helped by resilient demand for leisure travel, higher ticket prices and strong on-board spending. Carnival also benefited from easing of on-board COVID-19 protocols that ensured strong spending in casinos and spas. On-board and other revenue came in at $1.56 billion and accounted for 35% of the total revenue in the first quarter. The company posted an adjusted net loss of 55 cents per share in the quarter, compared with estimates of a loss of 60 cents per share, according to Refinitiv. The company expects an annual loss between 28 cents per share and 44 cents per share, compared with estimates of a loss of 8 cents.

☆ Buy this risky cruise stock before earnings next week, Stifel says
▼ + stars: | 2023-03-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The recent sell off in Carnival Corp. has created an opportunity before the cruise operator reports earnings on Monday, according to Stifel. The cruise line operator's stock was down 13.2% this month, through Thursday's close. Based on Carnival's history of providing super-conservative initial guidance, Wieczynski is forecasting the cruise line's full-year EBITDA forecast will be $4.0 billion-$4.3 billion. CCL 5Y mountain Carnival's five-year performance Carnival's stock has been volatile since the start of the Covid pandemic, which shut down the cruise industry. But long term, he also believes Carnival is a buy, based on the resilience of core consumer demand for the global cruise industry's offerings.

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