Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019
Key TakeawaysCruise stocks rallied after a strong earnings report and forecast from Norwegian Cruise Line.Norwegian reported its first annual profit since 2019, sending shares up over 16% in intraday trading Tuesday, putting the stock on track for its best day in more than a year.Cruise operators were hit hard by the pandemic and resulting shutdowns.Carnival and Norwegian shares are about 50% off their prices at the beginning of March 2020, while Royal Caribbean shares have recovered from pandemic losses.Cr ...