These Stocks Are Not "Cruising" Right Now
This is a Post from the Symbol Surfing Blog from Tue, Jun 5, 2018.
Carnival, Norwegian Cruise Line and Royal Caribbean were among the worst performing stocks in the S&P 500.
Cruise ship stocks are the worst performers in S&P 500 after Morgan Stanley predicts weak demand
Each stock dropped about 4% today as a result of an analyst cutting his earnings per share estimates for fiscal 2019.
These stocks have been great performers over the past 5 years.
Since hitting 52 week highs 6 months ago, there has definitely been a sell off.
Right now, these stocks look light they are headed lower for the short term.
CCL should be reporting earnings in June.
It will be interesting to see if that changes the down trend.
Tue, Jun 5, 2018 CCL @ $60.59
Tue, Jun 5, 2018 NCLH @ $50.80
Tue, Jun 5, 2018 RCL @ $102.15
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