3 Cruise Stocks to Sell Now

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3 Cruise Stocks to Sell Now

InvestorPlace logo InvestorPlace 07.09.2022 13:36:31 Muslim Farooque
a small boat in a large body of water: The cruise stocks to sell now all have one thing in common: cruise tourism took quite a setback during the pandemic. Though demand has recovered from last year, the top cruise liners have struggled to reach full capacity. With inflation and interest rates running rampant, it's probably the right time for you to look at which cruise stocks to sell. It's a terrible time for consumer discretionary industries, with the rising inflation rates eroding disposable incomes. Moreover, the ongoing conflict in Ukraine and the increase in oil prices have significantly weighed down prospects for various industries. The current economic headwinds have thrown a wrench in the plans of major cruise liners, which were looking to mount a comeback. According to BofA Global Research, the top cruise line operators will likely witness pricing softness well into 2023 and 2024. Hence, the industry is in a major spot of bother, making it a lackluster long-term investment. RCL Royal Caribbean Group  $41.83 CCL Carnival Corporation $9.44 NCLH Norwegian Cruise Lines  $13.32

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mercredi 7 septembre 2022 16:36:31 Categories: InvestorPlace

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