Carnival Cruises Past Expectations - Why the Stock Is Sailing Higher and Is It Time To Climb On Board?
@koolgal:
Carnival $Carnival(CCL)$ has just delivered a Blockbuster 2nd quarter earnings report that has investors cheering and analysts raising their sails. The cruise giant not only tripled its profits, but also shattered revenue records, sending its stock surging over 7% in a single day. With demand for cruising at an all time high and Carnival hitting its 2026 financial targets 18 months early, the question on everyone's mind - Is This The Right Time To Buy The Stock? Why Carnival's Stock Jumped Carnival's recent rally is powered by a confluence of strong fundamentals and strategic execution - Record Q2 revenue of USD 6.33 billion, driven by robust ticket sales and onboard spending. Net income soared