Carnival Cruise Lines

$CCL

I opened a position in CCL 0.00%↑ this week. Here’s the zoom out where we can see how covid re-rated this business.

The cruise lines have been grinding back on a relative basis for almost two years now.

My short term targets are outlined here, implying a 2:1 risk/reward.

But these businesses could be viewed as potential longer term outperformers as time distances us from the events of 2020. I don’t have any expectation of near term rate cut relief, but that could also be a catalyst for not only CCL 0.00%↑ but the other operators as well (which carry quite a bit of debt). RCL 0.00%↑ has the best chart right now, and NCLH 0.00%↑ is more comparable to CCL 0.00%↑ .