Advertisement
Singapore markets open in 5 hours 34 minutes

  • Straits Times Index

    3,289.42
    -23.93 (-0.72%)
     

  • S&P 500

    5,303.20
    +56.52 (+1.08%)
     

  • Dow

    39,851.88
    +293.77 (+0.74%)
     

  • Nasdaq

    16,743.69
    +232.51 (+1.41%)
     

  • Bitcoin USD

    66,007.24
    +4,499.27 (+7.31%)
     

  • CMC Crypto 200

    1,380.74
    +112.79 (+8.90%)
     

  • FTSE 100

    8,445.80
    +17.67 (+0.21%)
     

  • Gold

    2,392.70
    +32.80 (+1.39%)
     

  • Crude Oil

    78.85
    +0.83 (+1.06%)
     

  • 10-Yr Bond

    4.3560
    -0.0890 (-2.00%)
     

  • Nikkei

    38,385.73
    +29.67 (+0.08%)
     

  • Hang Seng

    19,073.71
    -41.35 (-0.22%)
     

  • FTSE Bursa Malaysia

    1,603.23
    -2.65 (-0.17%)
     

  • Jakarta Composite Index

    7,179.83
    -7,083.76 (-49.66%)
     

  • PSE Index

    6,558.63
    -49.73 (-0.75%)
     

The Zacks Rank Explained: How to Find Strong Buy Consumer Discretionary Stocks

Zacks Equity Research
·1-min read

Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Royal Caribbean (RCL) for Your Portfolio?

Royal Caribbean was upgraded to the Zacks Rank #1 list on April 30, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Based in Miami and incorporated in 1985, Royal Caribbean Cruises is a cruise company. It owns and operates three global brands — Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Additionally, it has a 50% investment in a joint venture with TUI AG, which operates the brand TUI Cruises.

ADVERTISEMENT

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.46 to $10.49 per share. RCL also boasts an average earnings surprise of 18.3%.

Earnings are expected to grow 55% for the current fiscal year, while revenue is projected to increase 16.3%.

RCL has been moving higher over the past four weeks as well, up 1.6% compared to the S&P 500's loss of 4.1%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Royal Caribbean could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report

Zacks Investment Research