|Day's range||5.32 - 6.15|
Here is how Royal Caribbean (RCL) and Sony (SONY) have performed compared to their sector so far this year.
Cruise stocks are getting hit particularly hard, with Norwegian Cruise Line Holdings (NYSE: NCLH) stock falling 3.4%, Carnival Corporation (NYSE: CCL) (NYSE: CUK) down 4.3%, and Royal Caribbean (NYSE: RCL) falling 4.6%. This, CNBC worried aloud today, raises the potential for "a credit crunch happening in the United States." Why should "a credit crunch" make cruise investors nervous?
Royal Caribbean (RCL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.