Why Is Royal Caribbean Stock Surging?

Royal Caribbean Cruise line's "Ovation of the Seas" on Dec 29, 2017 in Sydney, Australia. The cruise ship is based in the southern summer season city of Sydney and cruises there before basing to Tianjin for the northern summer season.Getty ImagesRoyal Caribbean (RCL) surged +7.4% on heavy volume, fueled by a fresh $2 billion share repurchase program and a Federal Reserve rate cut that eases financing costs across the travel and leisure space. Buybacks signal management’s confidence and tighten the supply of ...