Why Royal Caribbean and Carnival Corporation Stocks Slumped Today
A weak jobs report is not good news for the cruise industry.
Operate two brands, Royal Caribbean International and Celebrity Cruises, in the cruise vacation industry. Ships operate on a selection of worldwide itineraries that call on approximately 200 destinations.
| Symbol | Last Price | Market Cap | % Δ 1 Yr | % Δ 5 Yr |
|---|---|---|---|---|
|
RCL
Royal Caribbean
|
$81.56 | $21B | 17.6% | 32.0% |
|
SBUX |
$119.34 | $141B | 42.3% | 140.4% |
|
CMG |
$1,901.03 | $53B | 46.5% | 343.2% |
|
TXRH |
$91.94 | $6B | 48.0% | 128.2% |
|
MTN |
$300.07 | $12B | 41.4% | 106.2% |
A weak jobs report is not good news for the cruise industry.
The reopening trade is back on today.
RCL earnings call for the period ending June 30, 2021.
The cruise line company released its second-quarter numbers and investors were not thrilled.
Rapidly rising coronavirus cases could slow the cruise industry's recovery.
Investors got spooked yesterday, but they got brave again today for no obvious reason.
Disney nixes its first cruise in more than a year, and the rest of the industry is off to a slow recovery this season.
These investments seem pretty vulnerable right now.
Odyssey of the Seas cancels four weeks of July sailings after crew members test positive for the deadly virus.
These investments seem pretty vulnerable right now.