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Carnival Corporation & plc (CCL)
After hours:
- Motley Fool
Better Buy: Carnival Cruise vs. Royal Caribbean Stock
Carnival (NYSE: CCL) and Royal Caribbean (NYSE: RCL) are two of the biggest players in the space, and investors might be wondering which of these companies is the better investment now that trip demand is rebounding. Read on to see why two Motley Fool contributors have very different takes on the question of whether Carnival or Royal Caribbean is the better buy. George Budwell: Carnival's management painted a fairly optimistic picture about its ongoing recovery efforts from the COVID-19 pandemic when it reported 2022 second-quarter earnings back in June.
- Motley Fool
Why Carnival Stock Fell 7% on Friday
Shares of Carnival (NYSE: CCL), the world's biggest cruise line operator, were sliding today, in line with a broad market sell-off on fears of rising interest rates and a recession. For the third day in a row, stocks sank after the Federal Reserve raised the fed funds rate by 75 basis points, and Fed chair Jerome Powell said the central bank would continue to raise rates to rein in inflation, even if it means rising unemployment and an increased risk of a recession. The slide in the stock market over the last few days seems to reflect investors' view that the chances of a recession have increased, and that's bad news for travel stocks like Carnival, as travel, and vacations like cruising, are especially vulnerable.
- Yahoo Finance Video
Economic data and earnings expected next week
Yahoo Finance Live anchor Dave Briggs highlights the economic data and company earnings report to watch out for next week.
