Alan Morris Bulls Chasing After Cruise Ships As peak summer travel season winds down, I thought it would be fitting to cover the travel and tourism sector so in today's article I'm exploring a stock I've never covered before, Royal Caribbean Cruises (NYSE:RCL). To summarize from its SA profile, the Miami-based company operates worldwide and has 65 ships under brands like Royal Caribbean Intl, Celebrity Cruises, and Silversea Cruises. For starters, let's see where this stock is today as of this article writi ...

Royal Caribbean (RCL) closed at $167.96 in the latest trading session, marking a +1.44% move from the prior day. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the techheavy Nasdaq added 0.65%. Prior to today's trading, shares of the cruise operator had gained 3.31% over the past month. This has lagged the Consumer Discretionary sector's gain of 10.09% and the S&P 500's gain of 4.86% in that time. The investment community will be closely monitoring the performan ...

Royal Caribbean (RCL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, RCL crossed above the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages. Sim ...

Royal Caribbean (RCL) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, RCL broke through the 50-day moving average, which suggests a short-term bullish trend. One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of ...

Royal Caribbean (RCL) closed at $158.02 in the latest trading session, marking a -0.47% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.3% for the day. On the other hand, the Dow registered a loss of 0.54%, and the technology-centric Nasdaq increased by 0.25%. Coming into today, shares of the cruise operator had gained 7.62% in the past month. In that same time, the Consumer Discretionary sector gained 5.12%, while the S&P 500 gained 3.42%. The investment community ...

Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The "Royal Caribbean Group: Case Study" report has been added to ResearchAndMarkets.com's offering. This case study analyzes Royal Caribbean's success in the global cruise travel market and the reasons for it. It also looks in detail at the company's growth strategies and innovations. Report Scope An analysis of Royal Caribbean group presence in cruise travel industry, discussing key markets and growth strategies. This report helps to understand the Royal Caribbean ...

Royal Caribbean (RCL) ended the recent trading session at $164.62, demonstrating a -1.33% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 1.01%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 1.13%. Coming into today, shares of the cruise operator had gained 12.66% in the past month. In that same time, the Consumer Discretionary sector gained 2.54%, while the S&P 500 gained 2.5%. The investment community will be paying close attention to th ...

The cruise industry is benefiting from strong demand and increased booking volumes. Solid bookings concerning North American and European sailings are driving the space. Also, strong pricing (on closer-indemand) and solid onboard spending bode well for the industry. At this stage, it will be prudent to invest in cruise line operators with a favorable Zacks Rank. A few such operators have strong upside left. Three among them are Royal Caribbean Cruises Ltd. (RCL) , Carnival Corp. & plc (CCL) and Norwegian Cr ...

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